Trio Petroleum Canada farmouts with Croverro in Alberta and Saskatchewan
Trio Petroleum Canada entered a farmout agreement with Croverro Energy to earn working interests across Alberta and Saskatchewan. Trio will fund up to seven programs, each targeting two test wells, paying 100% of drilling, completion and equipping costs; the agreement includes an initial fee of $450K.
Trio Petroleum, through its subsidiary Trio Petroleum Canada, entered into a Farmout Agreement with Croverro Energy to earn working interests across Alberta and Saskatchewan. Under the deal, Trio will fund up to seven programs, with each program targeting two test wells, and will pay 100% of drilling, completion and equipping costs. For each…