Trinity Exploration & Pr... Share Discussion Threads

[odvod] 20/1/2017 12:06

I did a mistake(added yesterday). If the market is not motoring now it will not till the next news imvho.Otherwise it would at least accumulate at present levels.

[aimmafia] 20/1/2017 12:04

When will the market wake up and see just how undervalued the market it is......

[astorcourt] 19/1/2017 10:24

You know its a dog share, nowt will change that

[aimmafia] 19/1/2017 09:35

Give it time. It is strange there isn't more interest.... but this share will come good.

[odvod] 19/1/2017 09:31

buyers filled? momentum lost? strange

[showme01] 19/1/2017 09:18

Great Q&A article. Thanks for posting Mark. I've posted it on LSE too.

[aimmafia] 18/1/2017 11:39

Once the flippers are done this could motor extremely quickly

[shafaq] 18/1/2017 11:22

Topped up 100k.Not long till shackles come off and in to double figures.Hold 300k now.

[aimmafia] 18/1/2017 08:32

I've taken my first position here.Once the flippers are cleared we will be on our way

[glenbo1] 18/1/2017 07:52

Well a very honest and informative Q&A session.They will only release news when it is positive.Looks all positive from here.Looks very good indeed.Thank you to whoever arranged the interview.

[griff2711] 18/1/2017 07:37

Thanks Mark. Seems like lessons have been learnt and the strategy is now slow steady growth built on future cash inflows. Sensible

[jungmana] 18/1/2017 07:18

Thanks for link mark. Very good piece there

[mark10101] 18/1/2017 07:00

Some Q&As answered by TRIN. Need to scroll down to red answers

[mark10101] 17/1/2017 23:05

Previous managment team failed to deliver this and was why I invested and lost so much. This time round I may get surprised to the upside.

"Trinity plc's current production (on a 'post-Merger' basis) is approximately 3,965 bbl/d (net) (100 per cent. oil) and an active development drilling campaign is expected to grow this to 5,000 bbl/d (net) by the end of 2013. Trinity plc's assets have further development potential to deliver production beyond 10,000 bbl/d (net) in the medium term, excluding any exploration upside"

[mark10101] 17/1/2017 22:56

Who knows

significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth.

[aimmafia] 17/1/2017 22:51

18 years life at 2500 bopd?

[mark10101] 17/1/2017 22:27

Trinity is an independent oil and gas exploration and production company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth. The Company operates all of its nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2015 was 20.9 MMbbls (excluding the Guapo-1 license which was disposed of in April 2016). Group 2C contingent resources are estimated to be 19.8 MMbbls. The Group's overall 2P plus 2C volumes are therefore 40.7 MMbbls. Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.

[aimmafia] 17/1/2017 22:15

Yes for how long? What are the oil reserves?

[mark10101] 17/1/2017 22:05

TRIN has declined from 3600 when I invested in 2014 down to current level due to little investment. Now we are allowed to invest in the assets I would hope 3000 is the lower end of the target.

[aimmafia] 17/1/2017 21:57

No one seems to be able to to me how much life is left in the field

[mark10101] 17/1/2017 21:55

SQZ is certainly an interesting share but it is a one trick pony with offshore assets only. TRIN has more than half its production coming from onshore assets which they intend to maximise. This has a much lower breakeven than the offshore (TRIN has a lower breakeven then SQZ for our offshore also) makes us less vulnerable with our set up if we get oil declines. Not to say if I had any spare funds I would not be tempted with SQZ also have just refreshed my research on them.

[aimmafia] 17/1/2017 21:50

Can anyone please tell me the life expectancy of the oil field. How long can trin maintain 2500 - 3000 bopd. Thanks. Mafia