Trinity Exploration & Pr... Share Discussion Threads

[whiskeyinthejar] 22/9/2017 12:23

There's nothing wrong with borrowing to invest.

Trinity say just one infill well at Trinites will produce 300 bopd. At $50 thats $5.5m in revenue per year. Most of that would be profit as our costs are mostly fixed and already covered.

Trinity have identified 20 in fill drilling targets at Trinites. So when they get around to it, potentially thats 20 x 300= 6000 bopd. Or $110m per year in revenue.

Im not sure how much drilling they will do next year, but the more they drill, the more they can afford to drill.

However the drilling is cheap and the wells hold their production. Low decline rates. Low risk as it's all 3D mapped. They say they can drill these targets from existing platforms.

Trinity bonus requires them to get the share price to 35p and the BOD own 25% of the company so our interests are aligned. Perhaps theyll farm out TGAL to raise funds.

It's all here. Particularly page 20.

[uapatel] 22/9/2017 11:35

I suppose it's all going to come down whether the board have any integrity or prefer clever financial adjusting to enhance their own position to the detriment of other shareholders. Don't think the share price would be worth much if that happened, but they only have a limited amount of shares themselves.

[marvelman] 22/9/2017 11:02

Mark (you know more than most on this company)....would it be acceptable for that 10% package to be financed via a placing....and therefore dilution anyway to their existing holding which may effectively cost them more?

[nametrade] 22/9/2017 11:01

There's not a lot of volume here at the moment.

[marvelman] 22/9/2017 10:58

Good point mark...its a balancing act for them I suppose

[mark10101] 22/9/2017 10:55

10% of the recently announced managment renumination is based on paying the CLN off within the next 2 years.

[marvelman] 22/9/2017 10:52

It should be remembered that the bod and families have a big stake in these cln's and I don't believe it would not be in their interests to be paid off with just interest added if they could convert in 15 months time and obtain cheap shares and a bigger stake in the company.....any alternative views on that?

[marvelman] 22/9/2017 10:41

15 months still to go before that is even necessary and thats 15 months worth of positive cash flow plus the West Coast asset sale plus the cash they already have in the bank...surely that is more than enough

[phowdo] 22/9/2017 10:35

Do they have option to pay off partial number of CLNs or is it all or none?

[phowdo] 22/9/2017 10:24

Worth noting SDX did a placement after a consolidation around 45p. They're now up over 20%.

[che7win] 22/9/2017 09:56

LW, How much cash does Trin have currently and is it growing?How much cash will they have in November after the divestment?What do you think they would need the cash for above the cash levels they currently have?I'm genuinely interested in your thoughts.

[lw425] 22/9/2017 09:40

Regarding the presentation and results. Does anyone know for sure they are Not planning a placement??

Just asking as obviously it's easy to get caught on AIM in this regard.

[mark10101] 21/9/2017 19:32

President Energy has just bought 1200 bopd with 5m 2P for $28m in Argentina. Not a bad acquisition by the looks of it but puts our valuation into perspective.

[mark10101] 21/9/2017 14:41

Can we stay at this level much longer, utterly bonkers.

[nametrade] 21/9/2017 14:15

Some trades not showing.
nt

[mark10101] 21/9/2017 10:36

Got a sense things will get more interesting into the afternoon, descending wedge on the graph looks very encouraging for the next few weeks if the Monday meeting delivers.

[squiresquire] 21/9/2017 10:26

I really think the market needs to be re assured, after the very good Operating report last time, that the headway TRIN is making is consistent, Malcy coudnt be more bullish on TRIN saying its a steal at this price. In his last VOX interview it was also pointed out that TRIN was consolidating nicely at this 10.5-11.5 level, just wait for Monday when the production figures will have the story beyond any doubt. Then it is away, Malcy reckons at 11p its worth some 3 times more at least!!

[the big fella] 21/9/2017 07:53

A little frustrating but play the long game and hopefully we will reap the rewards

[talkman2] 21/9/2017 07:51

Strange this is not moving . Very low market cap given the current production. Surely a re-rate will happen soon .

[shrewdmole] 21/9/2017 07:50

I can't believe there isn't more buying before Monday's update.

If I had spare funds I'd be loading up at this level.

[mark10101] 20/9/2017 16:45

WTI broken out by the looks of it. Let's hope for a bit of tail wind from WTI going forward.

[marvelman] 19/9/2017 15:45

I never thought they could come back from the mess they were in Squire and it would be churlish to blame the bod for so much that was not in their direct control. For the bod to have convinced knowledgeable entities that the best option would be to lend them more was certainly a testament to the bod and a confirmation of their tenacity when dealing with what looked like a pointless fight for survival. I am sure I am not alone in feeling frustrated by the bottoming of the share price due to what seems to be a seller with a never ending supply of stock. But yes, the 25th will surely set the market straight...regards.