AwesomeStocks Hello! New Alert: Trio Petroleum Corp. (NYSE American: TPET) TPET, our new alert, is positioned one of the highest growth sectors of the past few years â oil and gas. Here is just one of the recent headlines: - âOil companies in 2022 had their most profitable year in historyâ Unlike large companies, smaller companies such as our new alert, have the potential to provide much greater growth. Now, investors are getting an opportunity to own TPET for the very first time following their NYSE IPO last month. TPET could be presenting a breakout with a chart setup suggesting the potential for increased gains. TPET is an âoil and gas exploration and development company focused on strategic, high growth energy projects in Californiaâ. The company is âheadquartered in Bakersfield, California, with operations in Monterey County, Californiaâ. According to the IEA, âWorld oil demand will climb by 2 mb/d in 2023 to a record 101.9 mb/d.â Furthermore, as the IEA notes: âOur oil market balances were already set to tighten in the second half of 2023, with the potential for a substantial supply deficit to emerge.â But thatâs not all⦠âThe latest cuts risk exacerbating those strains, pushing both crude and product prices higher.â âConsumers currently under siege from inflation will suffer even more from higher prices, especially in emerging and developing economiesâ. TPET has a large, âapproximately 9,267-acre asset called the âSouth Salinas Projectâ where it owns an 85.75% working interestâ. TPET âplans to complete drilling the HV-1 confirmation well and in the near term to drill a second well named HV-2 wellâ. As the company further explains: âPrevious operations on this asset have successfully drilled two (2) production/discovery wells that Trio now owns.â TPET has announced multiple developments since becoming a publicly traded company in April. On April 17, the company announced: âTrio Petroleum Corp Announces Pricing of Initial Public Offering and Listing on NYSE Americanâ As the company explained: âTrio intends to use the net proceeds from this offering to fund the drilling of wells, repayment of debt, and for working capital and general corporate purposes.â On April 20, the company announced: - âTrio Petroleum Corp. Announces Signing of Drilling Rig Contractâ Just in the past few weeks, the company has announced multiple developments. On May 1, the company announced: âTrio Petroleum Corp Announces Expansion of its Leasehold at the South Salinas Projectâ Here are the companyâs comments from this press release: âMr. Frank Ingriselli, Trioâs Chief Executive Officer, commented âthe leasing of this additional core acreage couldnât have come at a better time for the Company. We will very soon commence drilling on its HV-1 confirmation well and now have expanded and solidified our acreage available to carry out our aggressive development plans. This expansion should result in our ability to acquire more reserves and increase the net present value of our development project.â On May 3, the company announced: âTrio Petroleum Corp Announces Drilling Rig Has Arrived at Location for its HV-1 Wellâ As the company further explains: âThe HV-1 confirmation well is a two-mile step-out from Trioâs HV-3A discovery well that found high-quality, mid-gravity oil at depths of about 3,750 to 5,100 feet.â Importantly: âThe HV-1 well location was chosen based on interpretation of three-dimensional seismic data and the well will help define the magnitude of this new oil and gas field, in which Trio owns an 85.75% working interest.â In addition, on May 5, the company announced: âTrio Petroleum Corp Announces Drilling Commences on its HV-1 Wellâ Here are the companyâs comments from this press release: âMr. Frank Ingriselli, Trioâs Chief Executive Officer, commented âWe are fortunate to be able to secure our drilling rig in the first week post-IPO, and to commence drilling operations in our third week post-IPO.â âThis key milestone was accomplished in a much shorter timeframe than we originally anticipated, which was approximately two months.â âOur expedited timeline has accelerated our development plans to commercialize and produce from our asset, and we are optimistic that this could lead to a growth in shareholder value.ââ On Friday, the company announced potentially big news that could be a growth catalyst: âTrio Petroleum Corp. Signs Acquisition Agreement to Acquire up to 100% of Producing Assetâ As the company further explains: âUnion Avenue is a mature field that has produced an approximate cumulative 2.3 million barrels of oil and 1.2 billion cubic feet of gas, with significant remaining long-term, oil-production potential, including from a recent, partly-developed, new-pool discovery. Acquisition of Union Avenue could help Trio to become cash flow positive.â Here are some of the companyâs comments from this press release: âMr. Frank Ingriselli, Trioâs Chief Executive Officer, commented, âTrio is in an optimal position to capitalize on the acquisition of this producing oil asset, thereby capturing what we believe to be economically valuable for our shareholders. As we continue to develop our South Salinas Project and expand our portfolio, we are confident that our strategic growth initiatives will drive sustainable success and deliver economic returns. We remain committed to leveraging our expertise, resources, and market insights to maximize synergies and unlock the full potential of our acquisitions, solidifying our position as a leader in the industry.ââ In addition, just this morning, TPET released big breaking news: - âTrio Petroleum Corp Announces that the HV-1 Well has Confirmed a Major Oil and Gas Accumulation in the Presidents Field of its South Salinas Projectâ TPET could be in a position to experience increased growth. Make sure to do your own due diligence. Sources: [IEA]( [CBS]( [Presentation]( [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [PR7]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. 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