Truleum - TRLM STOCK NEWS

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TRULEUM INC (TRLM) is a leading energy company specializing in innovative and sustainable solutions for the oil and gas industry. With a focus on reducing carbon emissions and increasing efficiency, TRULEUM has developed cutting-edge technologies for oil extraction and refining. The company's financial stability and strategic partnerships with top industry players position it as a key player in the energy sector.

07/02/2024 06:00 AM

News

Truleum, Inc. Provides Update to Shareholders on Auditor Status and S-1 Registration Statement

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Truleum has provided an update on its auditor and S-1 registration statement status. On May 3, 2024, the SEC barred BF Borgers CPA PC from auditing, impacting Truleum's Q1 2024 financials and S-1 statement. In response, Truleum terminated Borgers and hired Barton CPA to re-audit its financials for the past two years. The company will amend its S-1 registration post re-audit, aiming for transparency and compliance. Truleum is also focused on obtaining an effective registration statement and uplisting to the NYSE American Stock Exchange.

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TRULEUM EXPANDS HOLDINGS AT LOGAN PROJECT BY 400 ACRES INCREASING BEHIND PIPE RESERVES POTENTIAL

Rhea-AI Summary

Truleum, Inc. has acquired quitclaim title to 400 additional acres in the Logan Project, increasing their acreage from 1380 to 1620 net acres. The new acreage adds behind-pipe potential in some well bores and full interest in undrilled locations. The company's current reserve report estimates a net total of 3.38 million barrels of oil equivalent, with the additional acres contributing approximately 0.95 million barrels.

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FAQ

What is the current stock price of Truleum (TRLM)?

The current stock price of Truleum (TRLM) is $6 as of February 7, 2025.

What is the market cap of Truleum (TRLM)?

The market cap of Truleum (TRLM) is approximately 65.4M.

What is TRULEUM INC known for?

TRULEUM INC is known for specializing in innovative and sustainable solutions for the oil and gas industry, focusing on reducing carbon emissions and increasing efficiency.

What are TRULEUM INC's core business operations?

TRULEUM INC's core business operations revolve around developing cutting-edge technologies for oil extraction and refining.

How does TRULEUM INC contribute to the energy sector?

TRULEUM INC contributes to the energy sector by providing innovative and sustainable solutions, as well as strategic partnerships with industry leaders.

What sets TRULEUM INC apart from competitors?

TRULEUM INC stands out from competitors due to its focus on reducing carbon emissions, increasing efficiency, and developing cutting-edge technologies.

What is the financial condition of TRULEUM INC?

TRULEUM INC maintains a stable financial condition, supported by its strategic partnerships and innovative solutions.

Who are TRULEUM INC's key partners in the industry?

TRULEUM INC's key partners in the industry include top players in the oil and gas sector, leveraging their expertise and resources for mutual success.

What recent achievements has TRULEUM INC made?

TRULEUM INC has recently achieved milestones in developing sustainable solutions, securing strategic partnerships, and enhancing efficiency in oil extraction and refining.

What projects is TRULEUM INC currently working on?

TRULEUM INC is currently focusing on projects aimed at further reducing carbon emissions, improving efficiency, and expanding its technological capabilities in the energy sector.

How does TRULEUM INC prioritize sustainability in its operations?

TRULEUM INC prioritizes sustainability by integrating eco-friendly practices into its technologies, operations, and partnerships, aiming to reduce environmental impact.

What is the long-term vision of TRULEUM INC?

TRULEUM INC's long-term vision is to lead the energy industry towards a more sustainable and efficient future, driving innovation and positive change.

How can I invest in TRULEUM INC (TRLM) stock?

TRULEUM INC (TRLM) stock can be purchased through various brokerage platforms and stock exchanges, allowing investors to participate in the company's growth and success in the energy sector.