Trinity Exploration & Pr... Share Discussion Threads

[wwick] 13/11/2017 08:21

Whitman Howard are saying "We don’t make any changes to our FY 2017 production forecast of 2.55kbopd at this point, although we note our 2018 production forecast of 2.776kbopd is beginning to look conservative. "

[wwick] 13/11/2017 08:16

- Always nice to see a company deliver 'as planned'. #TRIN make a plan and deliver it. 👍

[woodpeckers] 13/11/2017 08:09

Excellent update. Can't ask for more, they are doing exactly what's needed. The extra 2,754 bopd in October bodes well for the close of year target of 3,000 bopd so very happy.
They may be plodding along quietly but the market will at some point notice and the share price will suddenly catch up.

[mark10101] 13/11/2017 07:57

Bones, yes while we own it it willl be included in our totals but when it is stripped out it will pull us back for a bit.

[mark10101] 13/11/2017 07:50

Yes, no pump and dump here. Production growth as promised, debt repayment as promised and cash build as hoped for at the same time as all the above. However we know there are quite a few things that could happen that will create a bit a excitement here.

[bones] 13/11/2017 07:49

Mark, won't we get a good chunk of the West Coast quarter production as completion might not be until near end of quarter (if done on time?)

[spellbrook] 13/11/2017 07:35

No jam tomorrow, it’s hapening, slowly but surely, in TRIN we trust

Good luck trinners

[mark10101] 13/11/2017 07:24

Good to see below. It is where I was hoping we would be by this stage. Hopefully 3000bopd by December but will need to strip out West Coast which keep us flat for the QRT but should able to build cash balance to somwhere around $17m.

“Further profitable production growth achieved since the quarter end, with an average production rate of 2,754 bopd recorded in October 2017”

[kaos3] 13/11/2017 07:24

I like it. Boring and profitable. No 15 p I guess. I do not like the hedge ( as I think POO Will be higher) but beinng prudent and full of cash and with no downside risk did not kill anyone yet.

a very good BOD management

also promising nothing. which is a great refreshment on AIM

[uapatel] 13/11/2017 07:21

Great progress and quality management. Onwards and hopefully upwards on the share price pleased to see the hedging is also raised to cover recent higher prices and lock in stability for the drilling programme next year. Looks very good going forward.

A happy shareholder.

[wingspan] 13/11/2017 07:20

Fund raise would be a great thing...wipe out BIR, wipe out CLN overhang, upgrade assets across the board to 2P with a financial model to exploitation, fast track production growth & stronger hand in partnering with 3rd party to do it: all with a smaller amount of dilution than the CLN becoming equity. Here is to that happening! OR...can the Board / exec see a path to doing all of the above without any dilution...try barking up the right tree

[mo2550] 13/11/2017 07:16

JH missing millions lol

[spellbrook] 13/11/2017 07:16

Cash In the bank should grow and grow, could become a takeover target ?

[whiskeyinthejar] 13/11/2017 07:15

Production up (2,754 bopd in October), cash balance up and debt down as they make government payments. All good I think.

[spellbrook] 13/11/2017 07:13

You just know the next quarter update is going to be even better

Well done TRIn, love a company keeping costs and downside to a minimum

West coast sale to come in soon

[john henry] 13/11/2017 07:11

12.3 dollars mo2550 may need to raise some funds LOL

[spellbrook] 13/11/2017 07:09

Solid bod

2nd rns shows they are on the ball and hedging to make sure they continue with little downside

An aim oiler making money

[mo2550] 13/11/2017 07:08

"As a Board, we have continued to maintain financial discipline on our capital spend and operating costs during the period. Our focus on the low hanging fruit, through our recompletion, reactivation, swabbing and workover programme has resulted in a 7.4% quarter-on-quarter increase in production and we anticipate further growth in production and profitability during the remainder of the year."Cash balance $12.3 - 30th Sept

[mark10101] 11/11/2017 18:34

Will be interesting to see if anything takes TRINS fancy, it is one of the bonus possible news I am hoping for for TRIN.

[mount teide] 11/11/2017 11:11

SM - 'just feel there has been stock available hence the share price taking a breather.'

Would agree with that view from actual buying experience - was able to build up a decent position here last week of close to 500k and, bought it all in 60k to 80k chunks at just above the mid price; on-line attempts to buy in a larger size routinely saw the price pushed up close to the full offer price.

[shrewdmole] 11/11/2017 07:56

Guys apologies if I've put the cat amongst the pigeons.

My comment was purely based on the obvious line of stock wins have been offering the last few days.

Good chunky buys going through consistently at slightly above mid and way below published offer. This increased a bit later on Friday so the overhang maybe almost gone.

Like I said no conspiracy theory and I'm a large holder here, just feel there has been stock available hence the share price taking a breather.

Sm

[bones] 10/11/2017 21:12

Never mind sellers, the good thing is we know we had a recent buyer of at least 4% (11.8M shares) of the entire company:Joseph Piers Jennings

[ffp] 10/11/2017 20:49

The logic is sound as yes looking at things that way.

[ffp] 10/11/2017 20:46

Thank you kind sir.