AwesomeStocks Hello! This is an update of our newest alert, TPET. Following our alert yesterday morning, TPET opened the day at 0.96 and almost an hour later rallied to a high of 1.16, so far experiencing upside of +20%. Afterwards, TPET experienced some consolidation when we sent an update around 11 AM ET and a little over an hour later, after noon, TPET rallied to 1.14, more than +18% from the dayâs open. Furthermore, TPET closed the day at 1.10, up +14% from the dayâs open. So far TPET has provided you with great sustainable upside potential. Can TPET rally even further toward its 20 day moving average? In terms of upside potential, TPET has a 20 day moving average of 1.25, which is 13% above yesterdayâs close. In addition, TPET has a RSI of 37 suggesting that there is continued breakout potential. On May 16, the company announced in a press release that: 1) âthe HV-1 well 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.â 2) âthe HV-1 well is a two-mile step-out from Trioâs HV-3A discovery well that found high-quality, mid-gravity oil at depths between 3,750 to 5,100 feet.â 3) âthe 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.â 4) âinitial oil and gas production rates at the HV-1 well will be announced after final completion operations.â In the companyâs most recent press release from last week, they stated: âNext steps include the following:â 1) âTrio Petroleum LLC (the operator) intends to production test the HV-1 well from approximately 4,500 to 6,600 feet (measured depth), which will be done in likely four or more successive stages across different depth intervals, working from the base upwards.â 2) âEach interval is planned to be perforated, acidized (i.e., acid cleanup) and tested individually.â 3) âThe first interval to be tested is planned to be from approximately 6,390 to 6,620 feet, which is the aforementioned interpreted high fault-block with abundant, open natural-fractures and various faults. This interval is comprised largely of porcelanous claystone. There were significant shows of oil and gas and free oil in this interval during drilling operations.â 4) âThe operator is working with third-party independent experts on the design of the acid program, and is currently awaiting results of tests of chemical reactions of oil from the President Field with various acids to optimize the acid treatments (e.g., reduce sludging and emulsions, inhibit corrosion, etc.).â TPET is positioning itself for increased growth as they further accomplish their plans. 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. 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