Trio Petroleum Farms into 14-Well Heavy-Oil Program with Croverro Energy

Trio Petroleum has entered into a farm-in and development agreement with Croverro Energy to develop up to 14 multilateral heavy-oil wells in the Lloydminster region of Alberta and Saskatchewan.

The program, which is set to begin almost immediately, will run over approximately the next 18 months. The wells will be drilled through a series of two-well earning programs.

The agreement also includes a separate re-entry opportunity at Rivercourse and the acquisition of a producing property. Croverro Energy will remain operator of the program.