Replies to post #267 on Trio Petroleum Corp (TPET)

[FACT-MASTER]

Nothing directly, at the moment.

However, if you have been following the TPET story, you would know that TPET is also involved in the Uintah Basin, Utah.

https://finance.yahoo.com/news/company-successfully-completes-first-two-120000242.html

"Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California, and Uintah County, Utah. In Monterey County, Trio owns 85.75% working interest in 9,245 acres at the Presidents and Humpback oilfields in the South Salinas Project, and 21.92% working interest in 800 acres in the McCool Ranch Field. In Uintah County, Trio owns 2.25% working interest in 960 acres and options to acquire up to 20% working interest in the 960 acres, in an adjacent 1,920 acres, and in the greater 30,000 acres of the Asphalt Ridge Project."

So indirectly, the takeover of XCL Resources, by SM Energy (80%) and Northern Oil and Gas (20%) for a combined 2,514,000,000 for 37,200 net acres in the Uinta Basin Utah,.. imo, creates positive indications, outlooks, and may increase the potential valuations of other companies operating in subject Basin - enter the picture TPET / LaFayette.

Doing some simple mathematics, you will be able to determine the price/acre that was paid, apply that to TPET / LaFayette acreage allocation, would give you a baseline determination for an approximate value of TPET / LaFayette's Uintah Basin acreage asset, not counting the production TPET/LaFayette has or potentially will have.

Your Welcome.