Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 15/8/2017 08:46

Think you will do better n TRIN in the coming months, perhaps spread the TRIN word on the AAOG board?

[timw3] 15/8/2017 08:13

Heads up Seller cleared at AAOG... $800m spud in 4 weeks!!

AAOG without doubt in play now seller out with that 1m sell printed after hours.

Fincapp valuations:

Mengo hit 750bopd - £70m MCAP - £1
Djeno hit 10k bopd - £750m MCAP - £10

So £11 potential vs 28p share price

Current market cap is only £10m once cash is stripped out.

£10m cap vs $1billion potential...

No brainer at these levels.

60p+ target at least prior to spud in 4 weeks

[mark10101] 15/8/2017 08:11

Hopefully clear today a better start today than most.

[shrewdmole] 15/8/2017 06:47

I added a few late yesterday as the buying pressure seemed to increase.

There's a block on the offer but once that's gone we could see another run here.

As for valuation, on any metric it's considerably undervalued.

Once the overhang has cleared it will rise to its true level.

S

[mark10101] 14/8/2017 20:01

I think he is right, with our plans and stronger oil TRIN would not be over valued at 50p imho. We need time and a few more things to align but I can see it within the next 12-18 months.

[croasdalelfc] 14/8/2017 19:30

Malcys - says Trin is not expensive at triple the price

[uapatel] 14/8/2017 18:28

Thanks for the link, Kepner and wwick.

Was nice to hear him restate that this is a business and they have skin the game. So running a tight profitable ship going forward is verymuch the order of the day.

[mark10101] 14/8/2017 18:16

An up day on Monday.... Maybe a good omen.

[mark10101] 14/8/2017 13:50

Thanks Kepner

[kepner] 14/8/2017 13:04

Starts after approx 14mins

[mark10101] 14/8/2017 12:24

A Malcy tweet

"Malcolm Graham-Wood @mgrahamwood
Just done my Monday Voxmarkets Podcast on JOG, TRIN and RRL. Hear that Bruce Dingwall is next on....."

[jungmana] 14/8/2017 11:29

He covers not here covers edit

[jungmana] 14/8/2017 11:28

About 2 years back I listened to malcy and he made clear that he does not take any payment for the stocks here covers. These are just his own investment choices and folks should research as always.

[odvod] 14/8/2017 11:21

clear downtrend channel still persisting

[kepner] 14/8/2017 10:43

Posted om LSE :

Bruce on v o x podcast today according to Malcy on twitter just now

Malcy also covering Trin in podcast

[spellbrook] 13/8/2017 10:34

Time to sit tight costs are cut, cash in the bank, work with what we have and see where WTI heads....


Trinity Exploration & Production PLC (LON:TRIN) announced on Friday that it has agreed to sell a block of producing assets in Trinidad to its neighbour Range Resources PLC (LON:RRL).

The assets are offshore the west coast of the island and will release capital to invest in the company’s operations on the other side of Trinidad, Trinity said.


Range is paying US$4.55mln for the assets, which are in the Brighton Marine/Point Ligoure-Guapo Bay licence areas.

Earlier in the week, Range had also unveiled a move in a new direction, with the acquisition of an interest in oil and gas assets in Indonesia announced on Tuesday.

In a deal worth US$3.2mln, paid out of existing cash resources, the company said it is acquiring an initial 23% stake in the Perlak field which is said to have a long history of oil production - with some 60mln barrels produced to date – albeit it is presently offline.

Meanwhile, on Wednesday, Trinity had told its investors that it has seen a step-change in its financial performance in the first half, delivered during a period of transition.

In an operational update ahead of interim results, due on September 25, the company said that it continued the upward trajectory in production into the second half.

Overall, for the six months to June 30, Trinity said net production averaged 2,397 barrels of oil per day, compared to 2,659 bopd in same period of last year, while realised prices were reported at US$46.4 per barrel up from US$32.8 in the previous year.

[mark10101] 12/8/2017 14:46

I hope so, like most theories I am hoping that one is way off the mark. One other is raising more money at 10.5p level as the seller seems comfortable at anything over that level. There is no reason I can think of for them to raise money, but the unnatural fall in the share price could be explained by that?

[mark10101] 12/8/2017 12:23

Ross my fear is we are being set up (suppressed share price) for a low offer in the 20's as you say TRIN will be a beautifully packaged preseant at that price. £60m MCAP generating $15-20m profit with $217m tax loss pool. Plus all the potential upside growth in the coming years. I would take TRIN private if I had the funds not the sort of share that should be languishing on AIM.