Trinity Exploration & Pr... Share Discussion Threads

[croasdalelfc] 09/8/2017 07:42

Just a note on the maths:To achieve annual production of 2600 bopd would require extraction average of 2900 for the rest of the year.To achieve annual production of 2800 bopd would require extraction average of 3500 for the rest of the year.Surely the latter is out of reach. Realistically they will achieve closer to 2600 average but probably be on a run rate over 3000 come December

[che7win] 09/8/2017 07:42

Bound to go up 30% today?

[che7win] 09/8/2017 07:37

A reassuring update and bullish outlook.Market cap is now looking silly, the company directors are acting in a very prudent fashion.If this continues, in two years we will have more cash than current market cap.

[lw425] 09/8/2017 07:34

Well done guys. Increasing production now and going forward.

Exactly what I wanted to see.

Share price below 15p is insane.

Mark and all hope you enjoy today.

[mark10101] 09/8/2017 07:33

Yes that is where I have always felt we should be at this stage, with greater potential to come next year as the deeper wells are drilled. Good to hear an extra rig being deployed.

[showme01] 09/8/2017 07:30

7 multiple should have market cap nearer £70m or 23p per share.

[uapatel] 09/8/2017 07:23

So @ $13.5 for 2600 barrels per day that's $35K per day or $245K per week or $12.75Million per year (£9.8M). Not too shabby.

[showme01] 09/8/2017 07:23

That's over $12m per annum net on production. Market cap is peanuts in comparison.

[mark10101] 09/8/2017 07:21

Well they spelt out the $1m/ month netback we make ATM and that was with weak oil in the 2nd qrt. Production currently a little higher than I was thinking if we are around 2600bopd and with a full year 2600-2800bopd (making up for 1st half 2400bopd) shows we are on a strong upward trajectory for the reminder of the year. Looks like by December we should be producing over 3000bopd.

[jungmana] 09/8/2017 07:17

Mark - shut down in June brought production down a little. But is back up to 2600bopd now. Lots on in going rcp work. Target of 2800bopd by end of year and 3000bopd by next June.Net back of about $13.5/ barrel. That's good.

[showme01] 09/8/2017 07:15

As I was advised that operational update and unaudited figures coming out together. 25% increase in margin per barrel of oil is a grateful result compared to the previous half year. Expected 2600-2800 bopd for this year with reduced cost base. Stronger balance sheet. What a recovery!

[jungmana] 09/8/2017 07:11

Wakey wakey everyone. Good update there. All on track and just shows how undervalued trin is at £29m market cap today.15p first stop imo

[markth126] 09/8/2017 07:09

Hmm, not quite what we hoped then

[mark10101] 08/8/2017 20:14

Worth a read, does seem T&T are seeing some money sloshing around. Take a look at what BP is spending in the coming years.

[mark10101] 08/8/2017 19:33

Wish I had the funds ATM another chance at 10p is bonkers but that is the market for you. Looking at the chart 10p looks a pretty solid floor now. Downside risk upside reward can't be many other shares on the market ATM offering the same.

[bones] 08/8/2017 18:50

I get the feeling the worst is over so added a further 75k before the closing bell @ 10.5p. I hope so anyway.

[mark10101] 08/8/2017 18:40

Seagreen, quite possibly. The selling was clearly not done by someone with time to maximise exit price. It could not have been done any worse to deliver minimum sales income. Let's hope they are done and we can move forward.

[seagreen] 08/8/2017 17:40

Maybe someone swiming with out his trunks..I wondered if the person might have loaded up on PVR and TRIN on a spread bet account and got taken out lock stock and barell...when PVR hit water and then it started a tumbling

[mark10101] 08/8/2017 15:57

Who knows what it was, on a rational level a seller is the least likely given the massive valuation gap but sometimes people are just ordered to sell at any price and that is what they do. Let's just hope we can move on from this and start talking about the positive future we should have.

[lw425] 08/8/2017 15:19

They want over offer for only 50k now.....

Hope you guys get a decent rally.

[aimmafia] 08/8/2017 15:03

Well they haven't off loaded above 10p. Yet.....

[jungmana] 08/8/2017 15:03

Is our seller done? News next week I believe

[aimmafia] 08/8/2017 14:22

The A trade buying bot is back! This could rocket any time now

[mark10101] 08/8/2017 14:15

Looks like the sale is over? Maybe that 3 signified the end of manipulation?