Trinity Exploration & Pr... Share Discussion Threads

[shrewdmole] 20/7/2017 12:39

200k soaked up easily!!

[shrewdmole] 20/7/2017 12:34

Ross

Spot on. Value will come out here.

I'm likin the nice steady progress in share price rather than another spike that gets sold into.

It's strengthen massively behind the scenes so expect delayed buy later.

S

[aimmafia] 20/7/2017 12:09

I know.... but we need to break 15p to make real progress. Let's see how we go.

[aimmafia] 20/7/2017 10:57

Next update by end of this month for q2

[aimmafia] 20/7/2017 10:32

Looking sweet here. 15p by next Friday imo

[swampydrill] 20/7/2017 10:17

That 140k was not a sell

[swampydrill] 20/7/2017 09:16

Just bought a few more to get a nice even number, no issues waiting for this one.

[shrewdmole] 20/7/2017 09:01

I've been playing with some numbers.

Mark was right the investor presentation states average production costs of $29 a barrel albeit that's heavily swayed by minor production on one field. The onshore is down to $16.5 a barrel.

We're partially hedged at $40.

So assume a minimum of $10 a barrel profit.

We're around 2,500 bopd now and that should steadily rise over the coming months as the swabbing and infill drilling and rcp's are completed.
So could be 3,000 realistically.

Now whether you run valuation on:-
Enterprise value
Profits pe ratio
2p and potential uplift as 2c moves over

This is way undervalued.

I'm a buyer at these levels but I think we need patience as the next update and next interims will be the catalyst for the rerate.

Zengas and big fella have posted above more detailed valuations and fair value now seems to give about 100% upside then there's the galeota ridge and further drilling that could be a step change.

Until then they are producing from proven fields at low cost and making money every day.

Sm

[shrewdmole] 20/7/2017 08:33

Still think there's a buyer mopping up. Spreads widened which is usual to deter buyers.

Looks like sellers dried up now too.

Just need to spread the word a bit as there can't be many better balue and lower risk producers.

S

[mark10101] 20/7/2017 08:16

Price paid rising, let's hope we can put the last few months behind us.

[trotterstrading] 20/7/2017 08:10

When is next update due folks?

[aimmafia] 19/7/2017 21:31

Trin going to motor on next update

[mark10101] 19/7/2017 15:49

Yes bid rising, oil rising the stake builder looks to have run out of time.

[shrewdmole] 19/7/2017 15:36

Big fella

Hear what your saying about volume but I don't think we are seeing the full picture.

There's far less stock available on the rsp than yesterday.

I was quoted 11.83p for 250k yesterday.
Today it's 12.3p
And 12.5p for 500k.

Spread opened they are desperate to put off buyers so I still think someone's very carefully trying to build a stake.

Time will tell but certainly looks like we've got rid of a lot of the weak holders or those in from lower levels.

S

[mark10101] 19/7/2017 12:55

Yes they are just very odd, never had so many on any other share.

[mark10101] 19/7/2017 12:42

Highest none AT paid for a while despite the bizarre PME we have seen again.

[the big fella] 19/7/2017 10:46

I bit of volume yesterday, but nothing like what we need to sustain a re rating.

[mark10101] 19/7/2017 10:42

Oil showing a solid move above the 50 day moving average. Also hopefully the numbers today will be the catalyst higher.

[aimmafia] 18/7/2017 18:04

500k buy in. Boom

[mark10101] 18/7/2017 17:12

We may see a few more at that level as my 11.5p looks on the money for the midprice this deal was being done at. They obviously needed to take it lower to flush a few out.