New NYSE Alert [Inside]

AwesomeStocks Hello! New Alert: Trio Petroleum Corp. (NYSE American: TPET) TPET could be presenting a breakout opportunity with a chart setup suggesting the potential for increased gains. TPET is positioned in one of the highest growth sectors of the past few years – oil and gas. Here is just one of the recent headlines: - “Oil companies in 2022 had their most profitable year in history” According to the IEA, “World oil demand will climb by 2 mb/d in 2023 to a record 101.9 mb/d.” Furthermore, as the IEA notes: “Our oil market balances were already set to tighten in the second half of 2023, with the potential for a substantial supply deficit to emerge.” But that’s not all… “The latest cuts risk exacerbating those strains, pushing both crude and product prices higher.” “Consumers currently under siege from inflation will suffer even more from higher prices, especially in emerging and developing economies”. Unlike large companies, smaller companies such as our new alert, have the potential to provide much greater growth opportunity. TPET is an “oil and gas exploration and development company focused on strategic, high growth energy projects in California”. The company is “headquartered in Bakersfield, California, with operations in Monterey County, California”. TPET has a large, “approximately 9,267-acre asset called the “South Salinas Project” where it owns an 85.75% working interest”. The company’s “near-term plans include testing and producing the HV-1 well, and then drilling the HV-2 and HV-4 wells.” As the company explains, “Previous operations on this asset have successfully drilled two (2) production/discovery wells (i.e., the HV-3A and BM 2-2 wells) that Trio now owns.” TPET has announced many developments since becoming a publicly traded company in April: - “Trio Petroleum Corp Announces Pricing of Initial Public Offering and Listing on NYSE American” - “Trio Petroleum Corp. Announces Signing of Drilling Rig Contract” In May, the company announced multiple accomplishments: - “Trio Petroleum Corp Announces Expansion of its Leasehold at the South Salinas Project” - “Trio Petroleum Corp Announces Drilling Rig Has Arrived at Location for its HV-1 Well” - “Trio Petroleum Corp Announces Drilling Commences on its HV-1 Well” In addition, on May 12, the company announced: “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.” On May 16, the company announced a potentially big development: “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” Importantly, as the company 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.” 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.” In addition, last week, the company added: “Trio Petroleum Corp Announces Update on Activity Related to its HV-1 Discovery Well” “Activity since the May 16 press release includes the following:” 1) “The HV-1 well was successfully completed by cementing seven-inch casing from a depth of 6,626 feet to the ground surface.” 2) “A CBL (cement bond log) was run on June 9 from 6,548 to 1,000 feet, utilizing Schlumberger Wireline Services. The CBL indicates that the hole is properly cemented with good cement-bond, which will support safe operations (including the protection of personnel and of the environment), and protection of any potential underground sources of drinking water. The CBL also indicates that remedial cement squeeze work is not needed, which helps control completion costs.” 3) “An independent, third-party interpretation by a log analyst of the Schlumberger FMI log (Formation Image log) that was run in the HV-1 well indicates:” a. “There are abundant, open natural-fractures (more than 900) in the target reservoir zones of the Monterey Formation (note: open natural-fractures commonly are an important ingredient of successful Monterey Formation oil/gas wells).” b. “There are common faults (five faults and twenty-four possible faults and/or micro-faults) in the target reservoir zones of the Monterey Formation (note: faults and associated natural-fractures are common important ingredients of successful Monterey Formation oil/gas wells).” 4) “An independent, third-party, integrated interpretation by a geophysicist of the HV-1 well data and the 3D seismic data indicates:” a.” The HV-1 well has confirmed the occurrence of the major, subsurface, anticlinal geologic structure that comprises the Presidents Field, almost exactly as previously mapped.” b. “The HV-1 well near the top of the target Mid-Monterey Clay reservoir zone of the Monterey Formation drilled across a normal-fault (one of the aforementioned five faults identified in the FMI data) into a high fault-block along the crest of the anticline (note: the FMI interpretation indicates that the high fault-block has abundant, open natural-fractures).” Here are some of the company’s comments from this press release: “Mr. Frank Ingriselli, Trio Petroleum’s Chief Executive Officer, commented “We are pleased to have confirmation of the significant magnitude of the anticlinal geologic structure at Presidents Field and to see the interpretations of numerous faults and abundant open natural fractures in our target reservoir zones, which had good shows of oil and gas, including free oil, during drilling operations. We are looking forward to seeing final test results, and initial oil, gas, and water production rates in the very near future, which we will share with our investors and the public when available.” 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]( [PR8]( [PR9]( [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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