Trio Petroleum shares surge 14.60% premarket after announcing strategic acquisition of cash flow-positive production in Alberta.

Trio Petroleum (TPET) surged 14.60% in premarket trading following the announcement of a strategic acquisition of cash-flow-positive production assets in Alberta. The company confirmed approval from the Alberta Energy Regulator to acquire and hold energy licenses, signaling progress in expanding its operations. This move aligns with Trio’s recent focus on acquiring productive oil and gas assets in key regions, including Saskatchewan and Utah, and reflects confidence in boosting production and cash flow. The acquisition, combined with prior operational updates such as the suspension of non-core operations at McCool Ranch, highlights a strategic shift toward high-impact projects. The sharp premarket gain directly correlates with the positive implications of securing new, cash-flow-generating assets in a core Canadian energy region.