Trio Petroleum Corp. · AMEX:TPET
Trio Petroleum — Investor Presentation (August 2023)
21 slides from Trio Petroleum's investor presentation, August 2023
Slide 1: Investor Presentation August 2023
Building On Our Team’s 40-Year History of Success & Production Active in California Since 1983 INVESTOR PRESENTATION AUGUST 2023
Slide 2: Disclaimer
DISCLAIMER FORWARD-LOOKING STATEMENTS GENERAL DISCLAIMER This presentation contains forward-looking statements regarding future events and the future results This presentation shall not constitute an offer to sell or the solicitation of an offer to buy securities, of Trio Petroleum Corp. (the “Compa
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS • Trio Petroleum Corp is an oil and gas company focused on strategic, low-risk, high-return energy projects in California • Completed its IPO in April 2023 on NYSE American: TPET • Primary growth through development of current discoveries in our approx. 10,000-acre South Salina
Slide 4: About Us
ABOUT US Trio Petroleum Corp. is a publicly traded (NYSE:TPET) oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California. Trio has a large, approximately 9,267-acre asset called the “South Salinas Project” where it owns a
Slide 5: HV-1 Confirmation Discovery Well
HV-1 CONFIRMATION DISCOVERY WELL Terry Eschner, President Stan Eschner, Exec. Chairman & Director Frank Ingriselli, CEO & Director Steve Rowlee, Chief Operating Officer 5
Slide 6: Timeline of Key Events
TIMELINE OF KEY EVENTS 1983 2004 2011 2014 2018 2021 2022 2023 Stan leaves Trio Trio makes Trio acquires Trio obtains Consulting Frank Ingriselli, Trio closes IPO Oxy as its commercially exploration 30 square approval to geophysicist former on the NYSE ‘Domestic and develops discovery miles of drill
Slide 7: Opportunity to Positively Impact California's Energy Market
OPPORTUNITY TO POSITIVELY IMPACT CALIFORNIA’S ENERGY MARKET California’s Current Energy Market The South Salinas Project has the potential to California is America’s 6th top oil producing state and 8th overall oil and gas positively impact California’s energy market producer.1 by reducing dependency
Slide 8: Surrounded by Major Production
SURROUNDED BY MAJOR PRODUCTION The South Salinas Project is surrounded by California’s prolific world class oil producing basins and fields. San Andreas Fault Zone Coalinga Field • Drilled Wells: Over 240K Monterey 318+ MMBO produced6 Rinconada • Active Wells: 41K Fault Zone • Operators: 2581 C A L
Slide 9: Project Reserves & Cash Flow
PROJECT RESERVES & CASH FLOW Project Reserves & Cash Flow • We believe the South Salinas Project has the potential to be significant, with an estimated 39.0 million barrels of oil (“MMBO”) plus 40.0 Undeveloped Net Trio Oil Net Trio Gas Net Trio Trio Undiscounted Trio Net Cash Flow billion cubic fee
Slide 10: South Salinas Project, Monterey County, California
SOUTH SALINAS PROJECT, MONTEREY COUNTY, CALIFORNIA Location: Monterey County, California Jolon Rd. N Leasehold: Trio’s extensive leasehold is Hwy 101 9,267 mineral acres and 100% private Humpback property oil field Salinas River Working Interest: 82.75% 30 sq. mi. 3D Royalties: 20% average total roy
Slide 11: Well Pads
WELL PADS Presidents Area: 2 large well pads as shown below The Project includes 6 expansive well pads that simplify permitting by minimizing the need for additional surface disturbance. Well pad of HV-1 discovery/confirmation well drilled in Q2 2023 Humpback Area: 4 large well pads as shown below H
Slide 12: Proximity & Access to Refineries
PROXIMITY & ACCESS TO REFINERIES While oil production from the South Salinas Project would be close to multiple refinery options, the Santa Maria Refinery will be the most cost effective for marketing our crude. C A L IF O R N IA Richmond Refinery 245,271 BOPD2 Oil would be trucked by Gazelle Transp
Slide 13: Trio Petroleum Option Potential Assets
TRIO PETROLEUM OPTION POTENTIAL ASSETS Exclusive Options to Acquire Assets Union Avenue Field Kern Front Project Hangman Hollow Field Option to Acquire 100% and be Operator Option to Acquire 22% and be Operator Option to Acquire 44% and be Operator Oil field discovered in 2011: mature producing fiel
Slide 14: Management Team & Advisors
MANAGEMENT TEAM & ADVISORS Frank C. Ingriselli Stan Eschner CEO & Director Executive Chairman & Director Frank Ingriselli is a seasoned leader and entrepreneur with wide-ranging oil exploration and Stan Eschner is a registered geologist, an honorary lifetime member of the Pacific Section production
Slide 15: Management Team & Advisors
MANAGEMENT TEAM & ADVISORS Terry Eschner Steve Rowlee President Chief Operating Officer Terry Eschner is a registered geologist, highly skilled and productive in identifying oil and Steve Rowlee entered the oil industry in 1980 as Manager of Leasing for Bakersfield-based gas opportunities and guidin
Slide 16: Management Team & Advisors
MANAGEMENT TEAM & ADVISORS Gregory L. Overholtzer Gary Horace CFO Operations and Drilling Superintendent Greg Overholtzer is an experienced Chief Financial Officer with a strong background in Gary Horace has spent 48 years in the oil industry, beginning as a roustabout in 1970, publicly traded oil a
Slide 17: Board of Directors
BOARD OF DIRECTORS Michael L. Peterson William J. Hunter Director Director William Hunter represents over 20 years as an Industrial and Natural Resources Michael Peterson is the CEO of Lafayette Energy Corporation, a Director of Indonesia Energy Investment Banker with $20B in overall transactions, s
Slide 18: Board of Directors
BOARD OF DIRECTORS John Randall Thomas J. Pernice Director Director John Randall is a California Licensed Professional Geologist (PG), Texas Licensed Professional Geoscientist (PG), Louisiana Licensed Geoscientist (PG) and President of Thomas Pernice is an entrepreneur and corporate executive with m
Slide 19: Industry Leaders in Our Region
INDUSTRY LEADERS IN OUR REGION NYSE:XOM NYSE:CVX NYSE:NFG NYSE:CRC NASDAQ:BRY Market Cap: Market Cap: Market Cap: Market Cap: Market Cap: $433.4B $296.6B $4.9B $3.9B $637.5M Aera’s operations are centered in California production mainly from Seneca’s West Division fields are Operations in California
Slide 20: Environmental, Social & Governance (ESG)
ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) As long-term operators and a multi-generational team, we understand the importance of sustainability. Environmental Social Governance An Initial Environment Impact Report (IEIR) We’re focused on producing domestic oil We have significant has been generated fo
Slide 21: Building On Our Team's 40-Year History of Success & Production
Building On Our Team’s 40-Year History of Success & Production Active in California Since 1983 Trio Petroleum Corp. Trio Petroleum Corp. 5401 Business Park, Suite 115 4115 Blackhawk Plaza Circle, Suite 100 Bakersfield, CA 93309 Danville, CA 94506 www.trio-petroleum.com 21