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Trio Petroleum Corp. Announces Appointment of James Blake to its Board of Directors, Strengthening Financial and Strategic Expertise

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Trio Petroleum Corp. (NYSE American: TPET) has appointed James Blake to its Board of Directors. Blake brings 30 years of financial industry experience and previously managed over $750 million in assets as a portfolio manager at a major Canadian bank. He holds a Bachelor of Commerce degree and is a Chartered Financial Analyst (CFA). Blake's expertise includes financial markets, investment strategies, risk management, and involvement in the startup ecosystem as an investor and capital raiser. The appointment aims to strengthen Trio's corporate governance and strategic direction in the energy market.

Trio Petroleum Corp. (NYSE American: TPET) ha nominato James Blake nel suo Consiglio di Amministrazione. Blake porta con sé 30 anni di esperienza nel settore finanziario e in precedenza ha gestito oltre $750 milioni in attivo come gestore di portafoglio presso una grande banca canadese. Possiede una laurea in Commercio ed è un Chartered Financial Analyst (CFA). L'expertise di Blake include mercati finanziari, strategie d'investimento, gestione del rischio e coinvolgimento nell'ecosistema delle startup come investitore e raccoglitore di capitali. La nomina mira a rafforzare la governance aziendale di Trio e la direzione strategica nel mercato energetico.

Trio Petroleum Corp. (NYSE American: TPET) ha nombrado a James Blake en su Junta Directiva. Blake aporta 30 años de experiencia en la industria financiera y anteriormente gestionó más de $750 millones en activos como gestor de cartera en un importante banco canadiense. Posee una licenciatura en Comercio y es un Chartered Financial Analyst (CFA). La experiencia de Blake incluye mercados financieros, estrategias de inversión, gestión del riesgo y participación en el ecosistema de startups como inversor y recaudador de capital. La nominación tiene como objetivo fortalecer la gobernanza corporativa de Trio y su dirección estratégica en el mercado energético.

트리오 석유 주식회사 (NYSE American: TPET)는 제임스 블레이크를 이사회의 일원으로 임명했습니다. 블레이크는 30년의 금융 산업 경험을 보유하고 있으며, 이전에는 대형 캐나다 은행에서 포트폴리오 매니저로서 7억 5천만 달러 이상의 자산을 관리했습니다. 그는 상업학 학사 학위를 소지하고 있으며, 공인 재무 분석가(CFA)입니다. 블레이크의 전문 분야는 금융 시장, 투자 전략, 리스크 관리 및 스타트업 생태계에서 투자자이자 자본 조달자로서의 활동을 포함합니다. 이번 임명은 트리오의 기업 거버넌스와 에너지 시장에서의 전략적 방향을 강화하는 것을 목표로 합니다.

Trio Petroleum Corp. (NYSE American: TPET) a nommé James Blake au sein de son Conseil d'Administration. Blake apporte avec lui 30 ans d'expérience dans le secteur financier et a précédemment géré plus de 750 millions de dollars d'actifs en tant que gestionnaire de portefeuille dans une grande banque canadienne. Il possède un diplôme de Bachelor en commerce et est un Chartered Financial Analyst (CFA). L'expertise de Blake inclut les marchés financiers, les stratégies d'investissement, la gestion des risques et son implication dans l'écosystème des startups en tant qu'investisseur et collecteur de fonds. La nomination vise à renforcer la gouvernance d'entreprise de Trio et sa direction stratégique sur le marché de l'énergie.

Die Trio Petroleum Corp. (NYSE American: TPET) hat James Blake in ihren Vorstand berufen. Blake bringt 30 Jahre Erfahrung in der Finanzbranche mit und verwaltete zuvor über 750 Millionen Dollar an Vermögen als Portfoliomanager in einer großen kanadischen Bank. Er besitzt einen Bachelor-Abschluss in Betriebswirtschaftslehre und ist ein Chartered Financial Analyst (CFA). Blakes Fachwissen umfasst Finanzmärkte, Anlage-Strategien, Risikomanagement und seine Beteiligung am Startup-Ökosystem als Investor und Kapitalbeschaffer. Die Ernennung soll die Unternehmensführung von Trio und die strategische Ausrichtung im Energiemarkt stärken.

Positive
  • Appointment of experienced financial executive with $750M+ asset management background
  • Addition of expertise in investment strategies and risk management
  • Strengthening of board's capabilities in capital raising and startup ventures
Negative
  • None.

Bakersfield, CA, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp. (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, is pleased to announce the appointment of James Blake to its Board of Directors. James brings with him 30 years of experience in the financial industry and holds a Bachelor of Commerce degree from the University of Alberta. He is also a Chartered Financial Analyst (CFA), with a distinguished career, having recently retired from a major Canadian bank where he managed over $750 million in assets as a portfolio manager. His expertise in financial markets, investment strategies, and risk management will be an invaluable asset to Trio Petroleum.

In addition to his extensive financial experience, James has been deeply involved in the startup ecosystem, both as an investor and in raising capital for early-stage companies across various sectors. His capacity to identify high-potential ventures, coupled with his financial acumen, equips him with a diverse perspective that will benefit Trio as the company looks to strengthen its position in the energy market.

“James Blake’s wealth of knowledge in financial management and his entrepreneurial insights align perfectly with Trio’s strategic goals for growth and innovation,” said Robin Ross, Chairman of the Board and CEO of Trio Petroleum Corp. “His leadership and experience will be instrumental in supporting our drive for sustainable growth, operational efficiency, and long-term shareholder value. We are excited to welcome James to our board.”

With his forward-thinking approach and a strong track record in both traditional finance and the startup space, James Blake’s appointment strengthens Trio Petroleum’s commitment to corporate governance, strategic direction, and the creation of sustainable value for its investors.

About Trio Petroleum Corp.

Trio Petroleum Corp. is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California, and Uintah County, Utah. In Monterey County, Trio owns an 85.75% working interest in 9,245 acres at the Presidents and Humpback oilfields in the South Salinas Project, and a 21.92% working interest in 800 acres in the McCool Ranch Field. In Uintah County, Trio owns a 2.25% working interest in 960 acres and options to acquire up to a 20% working interest in the 960 acres, in an adjacent 1,920 acres, and in the greater 30,000 acres of the Asphalt Ridge Project.

Cautionary Statement Regarding Forward-Looking Statements

All statements in this press release of Trio Petroleum Corp. (“Trio”) and its representatives and partners that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words "estimates," "believes," "hopes," "expects," "intends," “on-track”, "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Trio's control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of Trio’s Annual Report on Form 10-K and Amendment No. 1 thereto, both filed with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC's website, www.sec.gov. Trio undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Investor Relations Contact:
Redwood Empire Financial Communications
Michael Bayes
(404) 809 4172
michael@redwoodefc.com


FAQ

Who is James Blake and what is his role at Trio Petroleum (TPET)?

James Blake is the newly appointed Board Director at Trio Petroleum (TPET), bringing 30 years of financial industry experience and previously managed over $750 million in assets as a portfolio manager at a major Canadian bank.

What experience does James Blake bring to Trio Petroleum (TPET)?

James Blake brings 30 years of financial industry experience, CFA certification, expertise in financial markets, investment strategies, risk management, and experience in startup investments and capital raising.

When did Trio Petroleum (TPET) announce James Blake's board appointment?

Trio Petroleum (TPET) announced James Blake's appointment to its Board of Directors on October 23, 2024.

Trio Petroleum Corp.

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