Trans-Asia : Ready for take off ?

Trans-Asia Energy Development Corp. on the Rise :
Trans-Asia is the largest oil comp-exploration and production company by market capitalization in the Philippines. The stock rose last Tuesday to P2.62/share bringing it's three day rise to 30 centavos or 12.9%. ( http://investing.businessweek.com )

Trans-Asia Oil and Energy Development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Will Trans-Asia continues its accent and eventually climb and pass the 2.72 barrier ?
The good news is Trans-Asia posted a nearly four fold first quarter net income, from P41.8M posted a year ago to P164.9M same quarter this year.  Apart from this, the company is aiming to double its power capacity to 400 MW in the next few years. (http://www.philstar.com/business/2013/04/24/934112/trans-asia-earnings-surge-almost-4-fold)
 Is this enough for TA take off ?