🚨Trade Alert 🚨 TPET

🚨Trade Alert 🚨 TPET͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ Things are quickly ramping up for this little-known NYSE energy company… Greetings Investors, This week Shell CEO [Wael Sawan]( made headlines for his comments on cutting back on oil production. The oil giant executive has said, “The reality is, the energy system of today continues to desperately need oil and gas. And before we are able to let go of that, we need to make sure that we have developed the energy systems of the future — and we are not yet, collectively, moving at the pace (required for) that to happen.” Sawan is right. While the world is on its way toward a cleaner future, oil and gas are still very important and will be for some time. Recently the [EIA]( forecast that global liquids fuels consumption will rise by 1.6 million barrels per day (b/d) in 2023 from an average of 99.4 million b/d last year. Oil and natural gas are major industries in the energy market and play an influential role in the global economy as the world's primary fuel source. This may be the perfect time to have Trio Petroleum Corp. (NYSE: TPET) added to your radar… This little-known NYSE energy stock has been on a rocket in the last couple of weeks, moving from under $1 to over $1.80 a share before slightly pulling back. Could this be the beginning of bigger things to come? It looks like the company is beginning to get noticed! [Investing.com]( currently has a “STRONG BUY” rating on the stock too! NYSE: TPET is an oil and gas exploration and development company that is focused on strategic, high-growth energy projects in California and has a large, approximately 9,267-acre asset called the “South Salinas Project Asset” where it owns an [85.75% working interest.]( The Presidents Field (HV-1 well) is a large oil and gas development project located in the company’s South Salinas Project in Monterey County, California. The company announced that the production test of the South Salinas Project HV-1 discovery well is set to commence the week of July 10, 2023, which is next week! This will include the perforation and acidization (for borehole acid-cleanup) of the well. Initial test results are expected to be available late the week of July 10, or the following week.Keep a close eye out for these results! NYSE: TPET CEO Frank Ingriselli stated: “The success of our drilling program at the HV-1 well has not only surpassed expectations but now pivots to beginning testing operations in the upcoming weeks. The testing operations will play a pivotal role in providing invaluable insights into the production potential of our discovery and the design of our full development plan which, as previously disclosed, has a discounted potential of approximately $2 billion in net cash flow. With the anticipated production from this asset, we are expecting to have cash flowing operations in the third quarter and potentially cash flow positive operations in the fourth quarter. We have diligently executed our ambitious development plan for our South Salinas project, demonstrating our commitment to Trio's exciting trajectory.” NYSE: TPET may be on its way to having cash-flowing operations very soon! The state of[California]( needs local oil and natural gas production to ensure reliability and affordability for consumers. California consumes 1.8 million barrels of oil a day to meet its energy needs. Many people have no idea that due to a lack of crude oil pipeline infrastructure, California is disconnected from the other lower-48 states and therefore is unable to secure additional domestic crude oil sources to support its energy needs. This makes NYSE: TPET and its projects even more important. Increased reliance on foreign oil threatens reliability, sustainability and affordability for California’s diverse communities. TPET may now be in its most pivotal era since operations began in the early 1980’s and things are moving along swimmingly with the South Salinas project. It was on May 16 that TPET announced in a press release that: 1) the HV-1 well confirmed that there is a major accumulation of oil and gas in the Presidents Field. 2) the HV-1 well is a two-mile step-out from the company’s HV-3A discovery well that found high-quality, mid-gravity oil at depths between 3,750 to 5,100 feet.3) 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.4) initial oil and gas production rates at the HV-1 well will be announced after final completion operations. TPET also revealed in June that the HV-1 well was successfully completed by cementing seven-inch casing from a depth of 6,626 feet to the ground surface. What’s next? The company 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. It was only last year that Ingriselli, the former President of Texaco International & current President of NYSE American listed Indonesia Energy Corporation, joined Trio as CEO. With a new leader at the reign, all wheels are in motion to put TPET on the map in the energy sector as it progresses this highly promising South Salinas project! [( Immediate Plans: Trio’s immediate plans are to commence drilling of its HV-1 confirmation well followed by drilling a second well named HV-2. Previous operations on this asset have successfully drilled two (2) production/discovery wells which the company now owns. The HV-1 well commenced drilling earlier this year and so far, the results have been exciting… In fact, the company was able to secure its drilling rig in the first-week post IPO and commenced drilling operations in its third-week post IPO! The South Salinas Project: The South Salinas Project's P10 (High) estimates of Original Oil In Place (OOIP) and Original Gas In Place (OGIP) under Trio's current leasehold are 2.12 billion barrels of oil (BBO) and 1.18 trillion cubic feet of gas (Tcf), respectively.¹ The project’s P2 Probable + P3 Possible recoverable oil and gas reserves under Trio’s current leasehold are an estimated 131 million barrels of oil plus 189 billion cubic feet of gas, or 163 million barrels of oil equivalent.¹ - RESERVES ATTRIBUTABLE TO TRIO PETROLEUM CORP., SOUTH SALINAS AREA, EFFECTIVE DATE NOVEMBER 1, 2021, KLS PETROLEUM CONSULTING LLC, KENNETH L. SCHUESSLER, P.E., MANAGING MEMBER The Union Avenue Field: The company has agreed to acquire up to 100% of the working interest in the Union Avenue Field in Bakersfield, California. Union Avenue has produced an approximate cumulative 2.3 million barrels of oil and 1.2 billion cubic feet of gas. Acquisition of Union Avenue could additionally help Trio to [become cash flow positive]( A Notable Region: The San Joaquin Basin has produced 8.6+ BBO while the LA Basin has produced 1.2+ BBO produced! ([SOURCE]( Below you can see the impressive discoveries made by some of the biggest oil companies and they did it around TPET’s project! SOURCES - [HTTPS://WWW.SHALEXP.COM/CALIFORNIA]( - [HTTPS://WWW.EIA.GOV/DNAV/PET/PET_CRD_PRES_DCU_RCAL_A.HTM]( - [HTTPS://WWW.AERAENERGY.COM/OPERATIONS/SAN-ARDO/]( - [HTTPS://WWW.EPA.GOV/SITES/PRODUCTION/FILES/2019-06/DOCUMENTS/MIDWAY_SUNSET_OIL_FIELD-KERN_SAN_LUIS_OBISPO-AE_ROD-2019-03-30.PDF]( - [HTTPS://CRC.COM/OUR-BUSINESS/WHERE-WE-OPERATE/SAN-JOAQUIN-BASIN/ELK-HILLS-FIELD]( - [HTTPS://WWW.EPA.GOV/SITES/PRODUCTION/FILES/2021-03/DOCUMENTS/EPA_LETTER-ROD-CALGEM-AQUIFER-EXEMPTION-TEMBLOR-FORMATION-COALINGA-JACALITOS-OIL-FIELDS-2021-03.PDF]( The Oil and Gas Space: There are quite a few reasons why the oil and gas arena could be worth paying some serious attention to right now… Tighter supply conditions could be on the horizon in global crude markets and with the 1 million bpd extra production cut from Saudi Arabia, it could tighten physical oil markets in July. Additionally, oil and gas drilling in the U.S. shale patch is slowing down. Rig counts have been falling for weeks, and the latest Dallas Fed Energy Survey also [showed]( that activity is weakening. Some believe this could lead to a supply shortage. What happens then? Prices are pushed higher! The California Market: [California’s Current Energy Market]( is America’s 6th top oil producing state and 8th overall oil and gas producer. But it’s also the [2nd largest energy consumer]( to Texas, and the country’s largest consumer of gasoline and jet fuel. As a result, California imports 70% of the oil it needs, with foreign sources supplying almost 60%, up from [15% just 20 years ago!]( TPET could be a revolutionary asset to helping the state reduce its dependency on imported oil. The South Salinas Project has the potential to positively impact California’s energy market by reducing dependency on imported foreign oil. This could mean less carbon emissions and more energy independence! In Summary… NYSE: TPET’s South Salinas project is in a world class region of MAJOR energy production and established industry infrastructure. Seneca Resources, ExxonMobil, Chevron… these are some of the giants taking advantage of this world class region. The company’s project is also surrounded by California’s prolific [world class oil]( producing basins and fields and is strategically located to multiple refinery options. It needs to be highlighted that NYSE: TPET is already in the drilling phase! THIS IS A CRITICAL TIME FOR ANY OIL AND GAS COMPANY! NYSE: TPET could be on its way to becoming an oil-producing machine and it was that long ago that the company make its debut on Wall Street at small-cap prices…. To reiterate, The South Salinas Project is surrounded by California’s prolific world class oil producing basins and fields… NYSE: TPET believes the project has the potential to be significant! Why else would Frank Ingriselli climb on board as CEO if he didn’t see the remarkable potential ahead? In recent weeks shares have been moving northward. Could this be the start of unstoppable growth ahead for this emerging energy player? One look at the market caps of ExxonMobil (XOM), Chevron (NYSE: CVX) and Seneca Resources (NYSE: NFG) will show you the astronomical blue-sky growth potential that NYSE: TPET may be sitting on! Copyright 2023 © SCDalerts.com is owned and operated by the owner of SCD Media LLC. Disclaimer and Privacy For more Information please contact info@smallcapsdaily.com This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. 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