Trinity Exploration & Pr... Share Discussion Threads

[alexp6] 29/1/2016 09:40

well def not me this time. Top heavy as it is.

[keya5000] 29/1/2016 09:34

Alex, all down to me, usually get the timing perfect.



Lol.....



I wish.

[nick rubens] 29/1/2016 08:19

Delays rarely turn out to be 'prior arranged deal going through' scenarios. Takes some gutso to hold ahead of the RNS.

[jungmana] 29/1/2016 08:09

Guesses about the deal and more guesses each day. Better to just wait for company to rns about the deal rather than speculate each day.

[alexp6] 29/1/2016 08:00

Rossannan - Onshore is still profitable at this level so may not be curtains.

[keya5000] 28/1/2016 17:11

L & G daily dump 250k.

Thanks Alex for the info.

[nick rubens] 28/1/2016 16:26

What if the deal doesn't conclude? Is it a debt for equity or just curtains?

[alexp6] 28/1/2016 10:35

The link will give a breakdown of what the remaining assets when the sale completes - add Tabaquite block to that (although production is negligible)since LGO sale fell through.
TRIN should have enough cash to see it through the next 12 months but does have a large tax liability although the gvnmt are making noises about supporting the energy sector, so I think there will be some leeway there.

Taken from Op update in Nov:
Financial Update
Cash balance at end of September of US$ 10.4 million, trade and other receivables of US$14.5 million, taxation recoverable of US$0.5 million, inventories of US$6.6 million, debt of US$13.0 million, trade and other payables of US$28.3 million and taxation payable of US$24.1 million (all financials are unaudited)

TRIN does have approx $150m tax loss to use against future profits as and when WTI goes up and/or TGAL is bought on line.
TGAL is key/finding an investor, again T&T gvnmt is making noises and wants investment to up production as a nation. Petrotrin are under orders to ramp up and they have a stake in those licences.

Should be an interesting few months.

[keya5000] 28/1/2016 10:10

Alex you seem a decent chap and up to speed with events here

When the sale goes through what will be left in terms of assets and net cash position.

[ffp] 28/1/2016 08:53

Oooops, thank you

[alexp6] 28/1/2016 05:12

ffp Touchstone are buying the onshore not the offshore!

[ffp] 27/1/2016 20:27

You would like to think so, but the time it is taking makes me think otherwise.

[keya5000] 27/1/2016 18:58

Ffp a contractual obligation perhaps.

[ffp] 27/1/2016 18:32

Well there is a story on it's own. Simple as I see it, why would you be wanting to buy the off shore regardless of the 2.3 mill deposit... Oh dear...

[alexp6] 27/1/2016 17:30

about $8-12 for onshore.$40-45 offshore. Combined $25-$26ish across all acerage using past figures, overheads have come down in the last 6/7 months though.
Should be due an update shortly?

[lazarus2010] 27/1/2016 16:32

anybody have any idea on past news releases what Trin's breakeven price is for onshore production?

[alexp6] 27/1/2016 11:16

Just for interest

TOuchstone - attended
Denovo Energy - attended

Trinity didn't attend, why wouldn't you attend this annual T&T energy conference as the supposedly largest independent in T&T?!?!

[alexp6] 26/1/2016 15:36

It would appear L&G want out. Only another 9,337,000 shares to clear then.

[mark10101] 25/1/2016 10:58

AlexP6 it seems to be what the share price is telling us. I did always say it was the most likely explanation for the share price weakness beyond the obvious oil issues. The destruction in share price value has been so brutal it looked deliberate.

[alexp6] 25/1/2016 10:40

The fact they and have poached the ADIL PM that did the FDP for TRIN would suggest they are after the Centrica deal that fell through, but that FDP was based around using Tgal/Trientes rigs and pipelines.
Touchstone goes through, a play for TRIN? Monty knows all the NED's/big investors, a cheap take out of the remaining stock and you have half the project completed at next to nothing.

[alexp6] 25/1/2016 10:26

Familiar faces

[bckttsim] 25/1/2016 10:23

News this week on sale ?