Trio Petroleum’s Co-founder Robin Ross Rejoins Company as Chairman, Board Director
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Trio Petroleum said its co-founder and former board member Robin Ross has returned to the company’s board of directors as Chairman.
As part of the transition, Trio’s current chairman and co-founder Stan Eschner has become vice chairman of the board. Former CEO Frank Ingriselli, who has been serving as vice chairman has resigned as a director.
“We are pleased to welcome Robin back to the board of Trio and have him assume this important leadership role with the company. His breadth of experience in finance, merchant banking, and strategic development of emerging companies will add another tremendous resource for Trio and all of its stakeholders,” said Michael Peterson, CEO of Trio.
“Robin is a prolific entrepreneur having founded multiple successful private and public ventures in a wide range of industries, including resources, oil and gas and merchandising, all of which will benefit Trio and its shareholders as we continue to increase production and diversify the company,” added Peterson.
“I look forward to helping to build Trio into the success we envisioned when we founded the company,“ said Robin Ross.
“On behalf of the board of directors and our management team, I wish to thank Frank Ingriselli for his many contributions to Trio. From helping to form the company, leading our successful initial public offering (IPO), and ultimately successfully launching Trio on the NYSE American. We wish Frank all of the continued success in his future endeavors,” added Peterson.
Trio Petroleum 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 percent working interest in 9,245 acres at the Presidents and Humpback oilfields in the South Salinas Project, and a 21.92 percent working interest in 800 acres in the McCool Ranch Field. In Uintah County, Trio owns a 2.25 percent working interest in 960 acres and options to acquire up to a 20 percent working interest in the 960 acres, in an adjacent 1,920 acres, and in the greater 30,000 acres of the Asphalt Ridge Project.
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