Trinity Exploration & Pr... Share Discussion Threads

[woodpeckers] 01/2/2017 10:39

Thanks mark, that's really useful.

[ileeman] 01/2/2017 10:38

Bought a couple 100k.

Most of placing looks sticky and any overhang there was looks to be cleared. Should quite easily move to 15p+ based on their production/profits imo.

[woodpeckers] 01/2/2017 10:21

Thanks someuwin.

[someuwin] 01/2/2017 10:16

ISDX code is TRIN.GB

[woodpeckers] 01/2/2017 10:09

Cheers guys, so how do I get that up on my monitor? I tried entering ISDXTRIN and NEXTRIN but that's not working.

[jungmana] 01/2/2017 10:02

Is now known as NEX exchange

[woodpeckers] 01/2/2017 09:59

Can anyone help, there is another 'market' that buys and sells sometimes get put through (i think when they are on the outer edges of the shown buy/sell prices)and I'm trying to remember what letters I have to put in to the monitor at the side of TRIN to see this. Have done it before on other shares but not for a while.I'd like to see what it shows for TRIN.

[purple11] 01/2/2017 09:50

clear 10 and id expect 15 to come quite quickly gl

[zengas] 01/2/2017 09:50

Considering little if any capital at all was even spent maintaining production levels over the past 7-8 months of the restructuring, production hasn't fallen that much to todays 2400 bopd.

The greatest thing it has done is reduce breakeven to $18/b onshore and $29.50 offshore while prices are now $50+/b. This wasn't the case 12 months ago as it streamlined operations.

The fact is it is producing over 3 times as much with greater reserves, income and net backs than companies at £60m+ and doing on a pro-rata, par with companies at £120m+ near identical reserves and who were also slack during the past 12 months on production, costs, pricing and investment.

(L2 by the way you could sell stock for 8.6p at 9.30 pre auction so I think stock could be tight)

[the big fella] 01/2/2017 09:31

Just reading through the thread. Some excellent posts last night which puts the valuation here into perspective.

[jungmana] 01/2/2017 09:29

Coiled spring here. Far cheaper than any peers on aim. I expect 20p in 2/3 months. Onwards and upwards with new TRIN.

[mark10101] 01/2/2017 09:24

I agree I think 25p will be later in the year when the workovers and the new drilling has proven effective and a plan for next year is clearer. However I am hoping for a rise when Trinidad announce the new tax regime.

[sleveen] 01/2/2017 09:19

Anyone know when the drilling and workovers are due to start?

Oil production slowly declining whilst we wait.

TRIN need to prove themselves over the next 12 mths to get to the MC anticipated.

IMHO

[purple11] 01/2/2017 09:07

taken a few gl

[woodpeckers] 01/2/2017 09:05

Seems they have been trying to scare people into selling but looks like it backfired. I couldn't resist a top up after reading Zengas' great post from last night.

[mark10101] 01/2/2017 08:59

Wow they really don't want people buying in yet, amazing manipulation of the price to put us on the top fallers board yet all have been buys at 8.4p. This really could be a damn that cracks. It may be less about placing seellers and more about MM books that has caused this recent price action.

[mark10101] 31/1/2017 21:55

We are $15 for onshore which is where our focus will be with oil in this range, like you say significantly undervalued and amazing we are still in the range we are in.

[zengas] 31/1/2017 21:38

I know Amer have got their opex down to $15/b but that's not their overall breakeven as there's royalties, taxes etc.

Andes are servicing considerable net debt which is actually more than Trins m/cap and at the last results were loss making.

PPC have struggled with a low 700 bopd production base and they hope to be up to 1400 bopd by end of the summer if all goes well. They raised new money 8 weeks ago at close to it's current £60m+ valuation and they need to meet the new targets to be able to be profitable as the production base is too low yet.

For Trin to have a production base of 2400 bopd and figures set out in my post '3273', it could also have major run room come next year once it also taps it's 2C discovery base. Like for like on Amerisur would be a circa 102p price target. If oil stays in this range, then it will be interesting to see what it can do or add with the cash being thrown off which could be the upside surprise as it seeks to create value.

[mark10101] 31/1/2017 20:55

zengas, great list of comparisons, it would be interesting to know breakeven costs for each of the above. After the cost savings carried out here few companies can match our $30 combined onshore and offshore.

[jungmana] 31/1/2017 20:51

Great post Zengas. That's the way I see it too. Since suspension was lifted am surprised we still under 10p but has given me the opportunity to double my holding.I have been calling for 20p+ since December and will be there hopefully soon.Onwards and upwards

[aimmafia] 31/1/2017 20:44

Excellent post. Trin will work its way up very slowly but steady, until the minimum of 25p over the next few months.Trin is only where it is because of pre suspension issues. Now the restructuring has taken place this should be treated as a new entity and MMS will let this go to the correct place when they are good and ready.25p should be a bare minimum target in my eyes and probable by early April (maybe sooner if the herd arrive) a few 10% - 20% days is what's needed to really get this moving.See you all in the AM