Trinity Exploration & Pr... Share Discussion Threads

[astorcourt] 26/9/2017 09:31

looking good. shrewdmole must be topping up.

[swampydrill] 25/9/2017 19:56

Maybe an attractive Farm Out offer for Galeota will come in from one of these interested parties, or maybe they want to build finances up and go it alone.

[astorcourt] 25/9/2017 19:37

Thanks mo2550. Very informative

[ffp] 25/9/2017 19:33

Supposedly as any AIM can be?

[mo2550] 25/9/2017 19:32

Post from LSE Today 19:26 Price: 12.13GabrielOak 123 postsI went...Bruce and Jeremy presented very well: Random Highlights beyond what you see on presentation: Onshore is part of a "Global Giant" asset. No office in UK: Trinidad office very nice and at 50 cents a sq foot/metre(?) was very cheap! TGAL converts to 2P from 2C with approval of economic plan by Board. Impact of tropical storm on page 8 made up for by build up in wells of oil that is flushed out as seen in spike. Page 8 is the exciting one as it is the data that does not lie. Rcps : 3 didn't work out of 13. 10 did! Page 10 keynote 2: TRIN is reporting what others do not... Page 12: well ahead of peer group. Page 13: H2 is way more busy than H1. Bruce not allowed to make forecast update. Inferred was a jump up in production. Page 15...rehired v good geologists/reservoirists. Page 16: Parenco owns all the sites around Galeota..paid 250 mln dollars for 12000 bopd. The team wants to pay BIR (6.7 mln dollars) back sooner than Sep 19...next year. They have been approached by parties (whether suitable or not unknown) to exploit galeota. Progression stated by Bruce was a hope of within 2-3 years 4-5000 bopd and after that up to 7000 bopd. Whitman Howard to release a note from a very impressive analyst in next 2 weeks.

[spellbrook] 25/9/2017 19:25

TRINITY IS NOT AN IDEA – IT IS A WELL ESTABLISHED PROFITABLE BUSINESS

[mark10101] 25/9/2017 19:17

Croas look like the short covering may finally be here. Really amazed we did no get to 14p today at least. On a positive note it does look like from a chart perspective we have broken the down trend.

I know somone who went to the presentation today so looking forward to catching up with them when they get back.

[whiskeyinthejar] 25/9/2017 19:04

It says 2019 for Trinites drilling. But they are going to do a lot of drilling onshore (at least 4 drills) so should add significant production next year anyway.

And they are gonna start RCP program offshore. Makes sense to me to be making the most of existing wells before drilling more.

[croasdalelfc] 25/9/2017 18:59

Oil at $52 ,, the highest since April :)

[swampydrill] 25/9/2017 18:10

All reads well, was there any indication when they would drill the Galeota Ridge prospect.

[wwick] 25/9/2017 17:47

Love that presentation! They have a clear plan and are applying their expertise to milk the assets. Very encouraging. Well done to the TRIN team, management and all.

[whiskeyinthejar] 25/9/2017 17:03

Presentation is up:

[husted] 25/9/2017 17:02

David Segal owns 12%.

[squiresquire] 25/9/2017 15:23

Very nice purchase by him. Nice t see.

[the big fella] 25/9/2017 14:55

Yes the guy owns a shed load yet still feels the need for another £50k worth. Excellent.

[mark10101] 25/9/2017 14:47

Very good sign given he is not short of them already owning 20m....

[bones] 25/9/2017 14:36

A wee top up for Angus!

[mark10101] 25/9/2017 14:33

Sounds good, all in all very good set of results, no surprise dilution and we knew the
LN’s were not an issue. Why we are still around this level is anyone’s guess as none of the fears have snuck out today.

[spellbrook] 25/9/2017 14:07

Malcolm Graham-Wood‏
@mgrahamwood

Just come out of meeting with Bruce and Jeremy and things are looking really good. My confidence is even higher that they will deliver
5:14 am - 25 Sep 2017

[squiresquire] 25/9/2017 12:22

Personally in think the market has been quite wrongfooted bu Dingwall as it was unsure if he had the ability to make the transformation he has made, all the best to him.!

[spellbrook] 25/9/2017 12:12

Oil pushing $51 ........

[shrewdmole] 25/9/2017 12:10

Ps sounds like that's for trading but I'm here for longer term just didn't want to miss the chart breakout.

[shrewdmole] 25/9/2017 12:09

Just added a couple of chunks via IG.
Shouldn't have as already overweight but that charts looking good and tonight could generate some good buying tomorrow.