Trio Petroleum Retires $1.2M Convertible Notes, Preps Alberta Assets Production
Trio Petroleum fully converted $1.2 million of August 2025 convertible promissory notes into common stock as of February 13, 2026, retiring all outstanding debt. The company expects its newly acquired Alberta assets to begin production this week while reworking Saskatchewan wells acquired last summer.
1. Convertible Notes Fully Retired
On February 13, 2026, Trio Petroleum completed the full conversion of $1.2 million in aggregate principal of convertible promissory notes issued in August 2025 into common stock, retiring all outstanding notes and eliminating the related debt from its balance sheet.
2. Canadian Operations Advancing
Trio Petroleum is set to bring its newly acquired Alberta assets online this week to boost near-term production and is simultaneously reworking existing Saskatchewan wells acquired last summer to enhance output and cash flow.