Trinity Exploration & Pr... Share Discussion Threads

[che7win] 28/12/2017 08:39

Phowdo, It's madness, people selling this at 14p, but it creates opportunities for us to pick up bargains.

[phowdo] 28/12/2017 08:34

Just smallcap oiler volatility.
Eg. someone was dumping TXP the other day at 10p, its now 13p.

[che7win] 28/12/2017 08:30

Ross, As a LTH it means nothing to me, but I'm curious who dumped that amount at the same time, aren't you?

[phowdo] 28/12/2017 08:17

seems a bit desperate - forced year-end seller?

[che7win] 28/12/2017 08:14

That's a lot of shares dumped at the same time.

[mark10101] 27/12/2017 19:26

Some positive hints, however may just be coming from the rise in oil price and gas booming. 2 working days to make an announcement this year, not looking likely...



Energy sector rebound to drive 2018 growth

While the non-energy sector is expected to struggle somewhat in the coming year – the IMF has forecast a 1.2% contraction in non-oil growth in 2018 – energy’s contribution to the economy is set to rebound strongly; the sector is predicted to grow by 7.7% on the back of higher prices and increased production.

[mark10101] 27/12/2017 08:03

Thanks WITJ

[whiskeyinthejar] 27/12/2017 08:01

Thanks. You're right thats probably easier.

[whiskeyinthejar] 27/12/2017 07:36

Malky gives Trinity some publicity again.
-replace aye with iii:



All he says is Trinity is on watchlist for 2018 as it should do well next year.

But bit of publicity for us.

[mark10101] 26/12/2017 18:33

That smacks of some lazy Christmas journalism trying to pin a reason for the rise on an easy to identify event. Like when we were falling and it was Shale, inventory or rig-count regardless of technical or any other reasons. WTI is up $1.5 and Brent only $0.5.

I think oil is on a trajectory that will be satisfied by technical reason until $63, throw in a US cold snap and a few more outages and it will only speed up the process. However looks to me WTI is reacting to to the latest models which show harsh condition even to the whole of Florida in the new year!



A good site for follwing live oil prices, could take out $60 this evening.

[mark10101] 26/12/2017 16:40

Looks keen to do it today.

[mark10101] 26/12/2017 15:44

We should see $60 taken out before new year. Big cold spell in US will focus traders minds to the upside. Suspect there will be a bit of turbulence at $63 but all looking good for 2018.

[spellbrook] 26/12/2017 15:37

Oil surging...

[mark10101] 26/12/2017 10:09

Shows how broken their taxation system is, but hey let’s not do anything about it and undermine the ability of companies to plan and expand production on which they can pay a fair portion of tax.....

[uapatel] 23/12/2017 09:30

Well would have been nice if we had the Government sort things out, but there you have it. Trin still making money, maybe even sort out those Loan Notes early if we end up waiting a bit for the SPT/drilling action.

Merry Christmas to all and a great NY

[ffp] 22/12/2017 21:40

So we should actually say "A prosperous Near Year"

Happy Yule tide all...

[mark10101] 22/12/2017 21:30

Yes Merry Xmas everyone, the seeds are there for a fantastic 2018 for TRIN let’s hope it all comes together.

[whiskeyinthejar] 21/12/2017 23:09

Yep, alternatively, plans could be brought forward. Imbert says he understands the fiscal regime needs to change to encourage not just development, but oil exploration.

You'll remember this :

"However, at oil prices below US$50/bbl we do not pay SPT and we welcome the recent indications by the Trinidadian Energy Minister that the price under which SPT becomes zero percent may be raised to as high as US$80/bbl".



So in 2015,Trinity mulled that the price under which SPT becomes zero percent may be raised as high as US$80/bbl. Wouldn't that be nice.

Anyway, we had different CEO and government then. Just need to wait see.

[mark10101] 21/12/2017 22:17

WITJ, spot on and how I see it. We could even drill 0 wells next year if T&T government don’t do as promised and it is more profitable (maybe not exciting or a great catalyst for the share price) to continue with the work overs, we have plenty to go at. I would prefer to save the $3m and pay down the convertible loan.

However if we get continued growth in oil price and we do get sensible reform of the oil tax then we could pay off each new well in 3 months at 300bopd additional production per well and oil in the $60’s so why would we only want to drill 3 wells?