New Alert Released Breaking News This Morning

AwesomeStocks Hello! We wanted to send a brief update of our new alert TPET, discussing more in-depth the company’s breaking news from this morning. Here is the announcement from this morning: “Trio Petroleum Corp Announces that the HV-1 Well has Confirmed a Major Oil and Gas Accumulation in the Presidents Field of its South Salinas Project” - “Oil and Gas Production Rates at the HV-1 Discovery Well to be Determined and Announced after Final Completion Operations” “DANVILLE, CA, May 16, 2023 (GLOBE NEWSWIRE) -- Trio Petroleum Corp. (NYSE American: TPET) (“Trio”), an oil and gas exploration and development company focused on strategic, high-growth energy projects in California, today announced that its HV-1 well has confirmed that there is a major accumulation of oil and gas in the Presidents Field in its South Salinas Project located in Monterey County, California.” As the company further explains: “The HV-1 well is a two-mile step-out from Trio’s HV-3A discovery well that found high-quality, mid-gravity oil at depths between 3,750 to 5,100 feet. The HV-1 well drilled through approximately 1,800 feet of the Monterey Formation with major indications of oil and gas prior to reaching total depth at 6,631 feet. The company is currently running well casing from surface to total depth to properly complete the well, and is commencing its evaluation of the well data collected.” Furthermore: “The HV-1 well was drilled on a new oil and natural gas field that the company refers to as the Presidents Field, as described in the company’s public filings with the SEC and on the company’s website. The Presidents Field is a large oil and gas development project located in the company’s South Salinas Project in Monterey County, California. The HV-1 well location was chosen based on interpretation of three-dimensional seismic data with the goal of confirming and defining the magnitude of this new oil and gas field, in which Trio owns an 85.75% working interest.” Here are some of the company’s comments from this press release: “Mr. Frank Ingriselli, Trio’s Chief Executive Officer, commented “We are very excited and pleased with our discovery of oil and gas at the HV-1 well and with the positive impact that we expect this well will have on Trio’s future and our commitment to grow shareholder value. We plan to put the HV-1 well on production after we finalize completion operations and our evaluation of the new data we are acquiring from the well, after which we will have a better understanding of production rates, which we plan to announce when available.”” This could be another important growth catalyst for the company. As a reminder, this breaking news follows the company’s announcement from Friday which was another big development. “Trio Petroleum Corp. Signs Acquisition Agreement to Acquire up to 100% of Producing Asset” Here are the company’s comments from this press release: “Mr. Frank Ingriselli, Trio’s Chief Executive Officer, commented, “Trio 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.”” As more investors discover this company, they could notice what we believe to be an overlooked opportunity. 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. Before investing in securities, you should always consult with your financial, tax and legal advisor and never invest money you cannot afford to lose. DISCLAIMER You should read and understand this disclaimer in its entirety before joining the website or email/blog list of AwesomeStocks.com (the “Publisher”). 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