Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 11/10/2017 17:25

Yes good close, higher than I was expecting and looks better technically. Could well resume the uptrend tomorrow.

[che7win] 11/10/2017 16:01

Deserves to get into the mid-20's short term, nice to see intraday recovery.

[mark10101] 11/10/2017 12:15

Yes quite happy for the pull back and pause, if it closes where we are now I will be happy at 17.5p. Then take out 20p for good.

[whiskeyinthejar] 11/10/2017 11:50

Another leg up maybe then. Afternoons often look better. Especially after a pub lunch.

[shrewdmole] 11/10/2017 11:38

Big fella

I added in 3 decent chunks earlier and still not showing!

S

[phowdo] 11/10/2017 11:03

16.5p is a 38.2% fib retrace level of the recent move up

[the big fella] 11/10/2017 10:59

Possibly 15p ish but I am sure those more adept at these things than I can offer a more informed opinion.

[deeppockets] 11/10/2017 10:53

Where would the charts suggest we retrace to - not surprising after such a short sharp increase?

[the big fella] 11/10/2017 10:43

Interesting post. Looks like we will retrace a bit before moving north again.

[shrewdmole] 11/10/2017 10:42

No fool then!

Guys the MM aren't showing everything there's a lot of delayed buys to show up later.

[mark10101] 11/10/2017 09:30

With Oil strengthening let’s hope we can all make a bit of money back whereever we put it.

Good to see TRIN holding ground today, wonder if Joseph will be adding to his pile today.

[sleveen] 11/10/2017 09:23

Mark me too.

Oil crashing to around CD$20 didn't help to say the least.

[jungmana] 11/10/2017 08:58

I also lost on EDG but lost lots more on British companies on aim over last 8 years

[mark10101] 11/10/2017 08:40

Yes it just taught me a lesson about Canadian companies and their view of raising money on the LSE.

[mark10101] 11/10/2017 08:28

Sleeveen the last time I joined you in one of your Canadian adventures I lost a fortune, I think I will be sticking to TRIN this time......

[wwick] 11/10/2017 06:56

TRIN chat please. I am so pleased TRIN are not raising funds via share issue or bank loans. I am also very pleased the BOD have significant skin in the game and more of the stock is taken out of circulation by the likes of Jennings, he has clearly caught a ball that fell from impatient hands.

[jungmana] 11/10/2017 06:34

TBG - right now I only hold two oilers; trin and txp. I had a punt at CERP at 2.7p and sold at 6.5 and 7.3p. The money all went into txp.I have always believed in trin and been holding since first purchase at 90p before the huge crash. Sold half my holding yesterday as posted and on a free ride now.

[jungmana] 11/10/2017 06:16

Witj- I only highlighted TXP ones but had to reply to other posters . Anyway each to his/her choice. If you want to discuss txp then come join us on the bb. End of topic.

[the big fella] 11/10/2017 05:58

I have looked at both recently and came to a similar conclusion. For me TRIN is the stand out play in the sector.
I would add that TXP would seem a better bet than CERP. Either TRIN is way undervalued CERP way overvalued or a bit of both.

[whiskeyinthejar] 11/10/2017 00:06

Mark, nothing wrong with Canada but listing in Canada is a large added expense for a small company.

Jung-Ill keep responding on TXP if you keep ramping it here. Fourth time today by you.

I took the figures directly from the TXP company report. Link above. Page 4:

" The Company invested $5,460,000 in the second quarter of 2017 on exploration and development expenditures, of which $4,726,000 related to drilling and well recompletions. As a result,second quarter 2017 production increased to 1,334 barrels per day, representing an increase of 4% from the first quarter of 2017 and 1% from the second quarter of 2016. "

-Q2 is 4% up on Q1 2017
-Q2 production is 1% up on Q2 2016.
-They spent C$5.5m in Q2 on getting production up. Capex is depleting cash.

Page 3 says TXP made a loss of C$3.4m in H1.

Q1 loss was $1.55m
Q2 loss was $1.8m

Holding TRIN isnt an excuse for pumping other shares here.

[jungmana] 10/10/2017 23:32

Txp should exit 2017 with 2000bopd production easily. At £10 market cap and cash reserves of $9.9m as of 30th June (which is building up) I see no worries for $15m loan which is to be paid back in 2021 ( the interest payment starts in 2019).I hold both trin and txp

[che7win] 10/10/2017 23:26

I own both companies, but with vastly more in TRIN.
Both are doing well and will benefit from tax reform.

The growth figures for TSP this year is as follows (courtesy of MT Teide):

2017 Production Growth:

Q1/2017 - 1,280 b/d +3.0% on Q4/2016
Q2/2017 - 1,335 b/d +7.5%
July 17 - 1,344 b/d +8.3%
Aug 17 - 1,591 b/d +28.2%

Year end 2000 bopd is possible if they drill four more wells, let's leave it there and sorry O/T.