Wed. 24 Apr 2024, 7:21am ET
Benzinga
News
The Company this week will make its first sale and shipment of oil produced at the McCool Ranch Field in Monterey County, California. The Company will ship approximately 2,100 barrels of oil, which were produced primarily from the HH-1 well that was brought back online in late February of 2024. Net of 16.67% royalties and oil trucking costs, the 80% net revenues to TPET from this sale are expected to be approximately $105,000.