Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 25/4/2017 08:06

I missed it was qrt payments so ignore my comment above about clearing debt towards end of year, that is even better as spreads it out.

Flying start with 16.5p being paid already.

[pineapple1] 25/4/2017 08:05

Well to me it reads as a company who 's equity price should be trading at about 30p, based on current known facts but i,m often wrong.
imho

[760il] 25/4/2017 08:03

Could be debt free in 2.5 years

[760il] 25/4/2017 08:02

Beautiful

my 20p could come sooner than expected

[760il] 25/4/2017 08:02

Beautiful

my 20p could come sooner than expected

[jungmana] 25/4/2017 07:48

Our liabilities is $14m of which $13.5m is to government. To be paid in 10 quarterly instalments. that's a good settlement.

[mark10101] 25/4/2017 07:38

Yes I think that is achievable Jungmana, given this first qrt with oil $10 higher and debt reduced we should be doing very nicely. Once we get the government paid off and the in fills are commencing the market should be looking forward to a completely different company.

[jungmana] 25/4/2017 07:29

Good results there. Stable production of just over 2500bopd and huge cut in production and g&a costs.Cash balance at end of February $13m.I maintain my target of 35p for 2017 end

[trotterstrading] 25/4/2017 07:27

Strong and steady. Cheap as chips at this level

[mark10101] 25/4/2017 07:21

Pretty tidy results given they were for 2016 where oil averaged $40. The first qrt results would be where we get a better picture of future potential.

Production holding up and 2 workovers done already with another 4 in the next 6 weeks, so all on schedule. 12 in total for this year so more than the 4 mentioned before and they think that can get us to 3000 bond on its own before we commence more interesting drills. Would be good if we could do the workovers and infills concurrently but I guess that would be influenced by oil price and cash available. It does seem they want to progress cautiously with the hedge and drills and avoid the previous mistakes.

[john henry] 25/4/2017 07:18

An excellent read.

[aimmafia] 24/4/2017 21:08

Some decent buys coming in for sure. Nice 130k at the end..... long strong for another 5-10% tomorrow

[mark10101] 24/4/2017 19:13

Those big trades were intersting today. Possibly some big buys from new blood. I have been following these guys and although their latest update does not show us in their top 10 I would no be surprised if they are building a position ( I have no evididence they are but have been in undervalued oilers and they have spotted the same opportunity)

[flagon] 24/4/2017 17:06

Largest volume since the recent high on March 6th ... that marked a turning point.

[760il] 24/4/2017 17:04

Hoping for a stampede to 20p+

[aimmafia] 24/4/2017 16:30

Strong finish to day

[aimmafia] 24/4/2017 15:47

Not sure if that's a sell or a buy... bid was 14p at the time and then bid popped up.... I think a buy

[760il] 24/4/2017 15:46

Hoping to see a pop to 20p on update :)

[the big fella] 24/4/2017 15:11

I am not sure about that, as there is clearly some recycling of stock going on, but if we are over 15p bid I would be happy.

[aimmafia] 24/4/2017 12:02

14.5p to sell. I reckon 17-18p by Friday

[the big fella] 24/4/2017 11:59

Some decent sized buys this morning and price edging up. Good to see.

[aimmafia] 24/4/2017 11:57

15p paid. Brest out in the cards

[aimmafia] 24/4/2017 10:29

Crazy cheap at these levels