Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 03/10/2017 20:51

LAW I think 60p is achievable by this time next year, it would still not put TRIN into worrying over valuation territory. We need a few things to go our way to get there with oil staying sensible.

[lw425] 03/10/2017 20:30

TRIN is going to be massive.

Compare with CERP (LGO previously)

In Q2 2017 CERP produced average 327 bopd with target of achieving sales volumes of around 550 bopd by the end of 2017. Market cap 31m.


TRIN produces over 2600 bopd, soon to be 3000 bopd as stated in last weeks results. Market cap only 45m at 16p

So TRIN should be worth 6 times more than CERP say 180m.

Over 60p a share.

Even if you halved that target it's over 30p.

This is why analysts have short term conservative valuations of 38p.

[mark10101] 03/10/2017 20:05

Squire, yes just another jewel in TRINS burgeoning crown.

[shrewdmole] 03/10/2017 19:53

Big fella

If you've got it you don't shout about it....

I don't care what anyone's holding is tbh as long as my holding is doing well.

There is so much more to come here, behind the scenes is a bunfight for stock as the serious players try and get a decent holding.

Tomorrow will open down as the MM aren't on the bid but the private bids will pop up gradually and mr 200k will be there.

S

[squiresquire] 03/10/2017 19:43

Mark

Chers for that m8, 205 million is a lot of dosh and will really help to bring on the divi as i think this company will want to at least pay out a special at some point.

[wwick] 03/10/2017 18:55

WOW #TRIN. GROWING PRODUCTION. SIGNIFICANT INVENTORY (AND GROWING). LOW RISKS. LOW PRODUCTION COSTS. ON THE BALL MANAGEMENT WHO LOOK AFTER THE PENNIES. SCRUTINIZED EXPENDITURE. TARGETED VALUE ADDING RECRUITMENT. U N D E R V A L U E D ! ! F A I R V A L U E c. 35p (VALUE WILL GROW WITH PRODUCTION AND PROVEN RESERVES) ;-)

[swampydrill] 03/10/2017 18:46

Thats right, my mistake as i'm in there as well lol

[jemjem] 03/10/2017 18:18

Plaguing the eme board. :-((

[swampydrill] 03/10/2017 17:49

Where is Harrison lol

[spellbrook] 03/10/2017 17:45

You just know the November update is going to be GREAT...


Bruce Dingwall, Trinity chief executive

"On the face of it this announcement looks like good news and we continue to work hard on building on the strong first half and look forward to updating the market further in due course."

[markth126] 03/10/2017 17:42

Bought at 13p actually as I said. Good luck to you also

[spellbrook] 03/10/2017 17:24

We are an aim company with a great BOD, Cash in the bank, assets and making $$$$ daily

not often seen on aim, its happening and its TRIN

GLA

[lw425] 03/10/2017 17:22

Breakout to 25p+ looks on the cards now and why not. Still miles behind the broker valuation of 38p

[the big fella] 03/10/2017 17:19

I see the I've got a bigger holding than you willy waving brigade have turned up all having bought at 10p

[markth126] 03/10/2017 17:15

350,000 , bought at 13p, some turbulent times but still holding from 10p.Should be interesting tomorrow

[mark10101] 03/10/2017 17:09

squire from the recent update

“As at 30th June 2017, the Group has unrecognised income tax losses of USD 205.1 million which have no expiry date.”

[squiresquire] 03/10/2017 17:05

We only have 282 million shares, so when volume picks up this is going to fly.

[arab3] 03/10/2017 16:52

NY BOY

no one could feed off the amount of your tips you give!
buying up everything on the dips after your first loss
and on the other hand , there is going to be a market crash.
Which is it to be ?

[squiresquire] 03/10/2017 16:52

This is one for the divi crowd, we also have a huge tax alllowance as i remember against future profits, is it 250 million, anyone know or was i mistaken?

[spellbrook] 03/10/2017 16:49

Proactive...

Trinity Exploration & Production welcomes “good news” Trinidad tax plans
Share
15:41 03 Oct 2017
"On the face of it this announcement looks like good news," Bruce Dingwall said.
oil and gas operations
Tax changes could boost the bottom line economics and the company's valuation
Trinity Exploration & Production PLC (LON:TRIN) has highlighted that its business may be boosted by new tax proposals in Trinidad.

The company, in a stock market statement, highlighted passages from Monday’s budget statement which specifically discusses changes to the regime.


“We have started a review of the energy tax regime in order to simplify and rationalise the terms of both Production licences and Production Sharing contracts. The main objectives of this reform are to encourage investment in the energy sector and raise the Government's revenue-take,” the government said.

It noted that the government seeks to make supplemental petroleum taxes responsive to underlying profitability, rather than oil prices, and it intends to extend the supplemental tax to cover gas.

The plan is also to reconcile and simplify fiscal regimes for exploration and production sharing systems, and it wants to standardise royalty rates on crude oil, condensate and gas.

Bruce Dingwall, Trinity chief executive, said: "This could prove to be an extremely important change for the company in terms of bottom line economics and company valuation.

“The government is aligned with Trinity in seeking to increase oil production and once the terms of the changes to SPT are clear we will then be in a position to quantify what the effect on the company will be. “

"On the face of it this announcement looks like good news and we continue to work hard on building on the strong first half and look forward to updating the market further in due course."

[squiresquire] 03/10/2017 16:48

mark

Not only is the chart a thing of beauty, volume coming up nicely too, should increase from now.

[mo2550] 03/10/2017 16:43

203k holding :-)

[spellbrook] 03/10/2017 16:42

The LARGE BOWL on the 5 year chart just moved a notch...gla

[lw425] 03/10/2017 16:41

Bruce A. I. Dingwall CBE, Executive Chairman of Trinity, commented:

"This could prove to be an extremely important change for the Company in terms of bottom line economics and Company valuation.