Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 01/2/2017 15:55

10p being paid, for once I go out and come back to a share still going up. If we can break through 10p we should be well on the way to a more sensible target.

[1he calculator] 01/2/2017 14:23

Good quality posters, some people seriously knowing their stuffs here.

I too joined the battle to 25p

[sja123] 01/2/2017 14:14

Bought in here today....ZENGAS research and posts show compelling investment opportunity at these low levels....company restructured....debt minimal....directors holding lots and buying more....oil price now appears stable and cost of recovery here extremely competitive....looks like a good short and mid term investment...

lots to like imo...

[zengas] 01/2/2017 14:00

We have over 17 potential development well locations for Tgal (65% interest).

Regardless of our P2, if we were just drilling this now you could imagine the effect this discovery would have on the share price instead of the current valuation based on just the 20.7 mmbo P2 and not counting the 19.8 mmbo 2C.

31st October Spud.
9th December 2013 Oil discovery (barely 6 weeks to drill 6,000 feet well).

9th December 2013

"TGAL-1 well encountered a total of 547 feet net oil sands containing high quality 28-30 degree API oil.

The well intersected five oil bearing reservoir packages including 76 ft of net oil sand in the G-sand, 104 ft of net oil sand in the H-sand, 162 ft of net oil sand in the M-sand, 118 ft of net oil sand in the N-sand and 87 ft of net oil sand in the O-sand."

16th November 2015
Management estimates STOIIP on Trinity's TGAL-1 discovery at a best technical estimate of 186 MMbbls.

They are only using a conservative recovery factor of 12%.

In due course I expect our P2 to double to 40 mmbo from the current discovered 2C awaiting development.

Just prior to the downturn the company was targeting over 5,000 bopd. Now the company is leaner, restructured, profitable and an opportunity to pick up on the previous delayed production targets.

[crossed eyes gropper] 01/2/2017 13:36

I could not resist I groped a few.

[aimmafia] 01/2/2017 13:34

Totally agree. 12p by Friday on the cArds

[purple11] 01/2/2017 13:30

hopefully this will now move quite promptly now 10 is being broken gl

[aimmafia] 01/2/2017 13:24

Target price 25p for me easily

[1he calculator] 01/2/2017 13:19

Thanks mate.

Will do some research about this baby. Much appreciated.

[aimmafia] 01/2/2017 13:15

Because we are making 2 million dollars a month profit and market cap is only 25 million

[1he calculator] 01/2/2017 13:08

why is this going up?

Is this a dead cat bounce

just checked the shares. 900p in 2012?

[woodpeckers] 01/2/2017 12:52

Gone from the percentage losers board to number 11 on the top gainers board!

[someuwin] 01/2/2017 12:41

So far so good.

Should be a lot more to come here.

[aimmafia] 01/2/2017 11:48

Good luck to them.... I can't blame them lol. Over hang completely gone...

[loveandmoney1] 01/2/2017 11:42

someone smashing in 2x100k @9.50. and why not

[mark10101] 01/2/2017 10:53

Just need WTI to kick in this afternoon and could see us through 10p.

[mark10101] 01/2/2017 10:48

I do use it quite a bit as the normal reported price like this morning can be very misleading. Just checked and we are on the move again :-).

[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