Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 03/1/2018 12:32

The seeds have been sown for much higher oil than $80. $80 is certainly possible as the US summer driving season kicks in and if OPEC hold firm, which they should do with their big IPO coming.

[shrewdmole] 03/1/2018 12:25

I can’t buy any decent volume?

[spellbrook] 03/1/2018 12:18

OIL could hit $80 by end of year.

[spellbrook] 03/1/2018 10:38

still being played

[che7win] 03/1/2018 09:39

Creeping up by stealth...

[pineapple1] 02/1/2018 07:40

Good post MT.......

The honours list is a sham. The traitorous Nick Clegg getting an award puts it further down the U bend They may as well give Jimmy Saville back his OBE as to me thats about the value of this so called recognition of achievments.
imho

[grannyboy] 31/12/2017 18:33

Mount Teide a good post(5197)..and a man after my own heartfelt beliefs..

And I might interject my own thoughts on this years honours list..which included that despicable individual nick Clegg, and the shallowness that emanates from whoever make these choices, and makes a mockery of an honours system that should be there for those who truly deserve them.

[mark10101] 31/12/2017 17:48

Thanks MT, a depressing but interesting post.

[mount teide] 31/12/2017 17:36

FFP - the administration running T&T are amateurs compared to the EU!

The EU - Europe's largest self serving tax haven? You be the judge!

As the European people well know the Michelin star restaurant fattened con artists in Brussels love spending other people's money and hate paying for anything out of their own pockets.

And one thing they apparently dislike (for public consumption only) more than anything else is Tax Haven's - which is a bit rich considering they have set up and operate a tax haven, which they all personally benefit from that would bring a blush to the cheeks of a New York Crime Boss!

The hypocrisy of Brussels apparatchiks knows no bounds.

Hugely arrogant and self serving Commissioners 'earn' (most would use that word in its loosest possible sense) £50,000 more than the British Prime Minister, pay tax at a negligible rate and rule over a Brussels army of civil servants that pay half the UK tax rate on a staggering average salary of £78,500. Incredibly, at least 1,000 EU officials earn more than our PM and 5 times more than the PM's of nearly 20 EU Nations!

It is hypocrisy of the highest order to attack the morality of those who use tax havens but fail to recognise that they personally benefit from an effective tax haven in Brussels – set up especially for them and their unelected, unaccountable and hugely overpaid and over-pensioned colleagues, to live lifestyles that 99.9999% of the Europeans that are forced to pay for it, can only dream about.

No wonder none of them ever willingly give up their jobs! And the huge tax free benefits don't stop there. How about NO VAT on a new luxury car or household goods - yes the Eurocrats all benefit from these 'small' perks of office, along with a fantastic free family health care package ( think 5 star BUPA encrusted with diamonds and rubies!).

And for the King of the EU tax dodgers look no further than hip flask Juncker. He turned Luxembourg into the EU version of Mossack Fonsecka on steroids. Juncker's scandalous and unconscionable financial scams explain why the ratio of foreign investment to GDP in Luxembourg is the highest in the world at a stratospheric 4,700% (compared to the UK, at a paltry 50%). Cameron was like a chicken with no head trying to prevent Junker's 'election' to his current post which like most of Cameron's EU crusades ended in abject failure.

What's worse is that a majority of individuals working in the private sector in Belgium pay an income tax of 45-50%, while the Brussel's Eurocrat Mafia leadership and 30,000 strong army of self serving foot soldiers 'working' for the European institutes within the EU capital pay a tiny fraction of the amount.

Eurocrats decided they should not have to pay any council tax - neither in Brussels, where they stay, nor abroad, where they have their domicile - absolutely nowhere do Eurocrats pay for the infrastructure and services they use.

On top of this, they pay a tiny pittance in tax for the hugely expensive private European Schools their children attend free of charge. Even when retired, Eurocrats keep on enjoying their ultra-low income tax, no matter where they live in the EU or Switzerland.

The whole miserable experiment is a corrupt, high cost, undemocratic failure - for all but the hugely well remunerated, unelected tax haven specialists and their armies of extremely well heeled administrative staff.

Moral of the story - if you're a Brussels Bureaucrat, move heaven and earth to keep the gold plated gravy train rolling and your nose firmly ensconced in the tax haven trough - EU personal tax haven specialists, err sorry EU bureaucrats - don't you just love them!

Scandalously, the shameless liberal left establishment still want to 'protect' the UK's membership of this high cost protection racket, that makes Sepp Blatter's FIFA Mafia Crime Family look a paragon of virtue by comparison. Thankfully the ever savvy British people decided otherwise last June, once they were given the opportunity(thanks Nigel) for the first time in 44 long years to have a say in the matter - the rest as they say is history.

The arrogant hugely embittered European left knew they were increasingly incapable of winning elections across Europe, so decades ago pushed the unconscionable development of the EU as a federalist organisation run by unelected commissioners, in order to maintain their grip on power at the expense of mere Nation state democracy. It was achieved without the consultation of over 500 million European people, most of whom are now politically helpless and impotent following this odious and shameless bureaucrat coup d'etat!

[ffp] 31/12/2017 15:34

Say it as you see it Mount, please do not hold back...LOL!

[mount teide] 31/12/2017 15:31

Great to hear that T&T has got at least one straight talking politician.

Rowley's administration is about as self serving, secretive and undemocratic as the Michelin Star restaurant fattened EU con artists in Brussels and only marginally less corrupt!

[mark10101] 31/12/2017 15:07

About the general administration but pretty much sums it up after their second missed self imposed deadline of the year....



“Finance Minister Colm Imbert, AG Faris Al-Rawi, and Foreign and Caricom Affairs Minister Dennis Moses should hold their heads in collective shame,” Charles said. “This lethargy, lack of political will, sheer laziness, shamelessness, ineptitude, and massive incompetence have disturbingly come to characterise this Keith Rowley administration with no discernible plan to take us forward.”

[mark10101] 29/12/2017 18:44

Still missing the bigger picture as there are much more bullish things to be talking about, but surprises out of the US will come and they will likely get the most attention first.

[che7win] 29/12/2017 18:07

hTtps://www.forbes.com/sites/jimcollins/2017/12/29/oil-is-the-new-nasdaq-for-2018/#654e8a9660ae

[marvelman] 29/12/2017 11:59

Never be quick enough for the big lads who really know the way to make money. Twas always such and I accept that I must pick up their crumbs when they have stuffed themselves til their pockets are full enough. Shorters as before is my guess as no holding RNS has ever been seem for many a month and certainly nothing to justify the last drop as being a significant holder unloading. I hold on the basis that this is a sound company undervalued and that some of its true value will surface in the share price at some point in time. Credit to those that sold in the 18's and did not hang around for the current phase of manipulation. Those sells always not far being a tempting (but temporary) increase on the bid show ar rerun of the last play although this time I do not believe we will see the capitulation that they managed to create previous.

[che7win] 29/12/2017 11:20

250,000 available to buy at 14.86p if you're quick.

[che7win] 29/12/2017 10:58

Just about all buys here this morning including the 60k delayed trade just showing.Hopefully we get back to a more sensible price soon.

[che7win] 29/12/2017 10:53

Mark, Yes, there are many issues with fracking, the water consumption is another one.Competition for water between oil and gas production and agriculture is fierce. Drilling a single well can require 3 million to 6 million gallons of water, and thousands of wells are fracked each year. A 2015 Duke University study found that energy companies used nearly 250 billion gallons of water for fracking wells in the U.S. between 2005 and 2014.Water use for fracking is consumptive, meaning the water cannot be reused for any other purpose. Oil and gas drilling operations remove water that otherwise would be available for municipal water supplies and agriculture.Drought and water scarcity are putting more stress on farmers operating in already depleted watersheds. And the impacts of climate change will continue to cause water shortages for the foreseeable future.

[mark10101] 29/12/2017 10:47

Yes, I read an interesting article on fracking and how increasing initial productIon IP looked great but in reality delivered less oil over the lifetime of the wells. I was in CAZA in 2014, great outfit and management and over a year they went from 800bopd to 1600bopd IP in late 2014 from new wells. Got me quite excited but the oil price collapse called time anyway. There is also growing evidence that infill wells do not do nearly as well as the first wells.

Throw in the fact that in 2017 the oil industry discover new reserves equivalent to 11% of what we consumed in 2017. The worst replacement since the 1940’s. Being deep in oilers at these heavily discounted values with limited downside risk and such large upsides is a position I am happy to take.

[sleveen] 29/12/2017 10:38

Dipped a toe in with 15k buy just now.

[che7win] 29/12/2017 10:35

The thing that I find fascinating is that fracking has not made money, even now costs are something like 120% of what revenue frackers receive.

Fine when interest rates were at lows and Wall Street happy to look at growth of production and ignore return on capital.

But oil costs (sand, oil rig services) are rising again, they are on a treadmill and producing in sweet spots to keep production at a standstill.

I just don't think they are viable at these prices, which is why the bigger frackers are curtailing production and focussing for the first time in return on capital employed.

Interesting times.

[mark10101] 29/12/2017 10:31

Yes I know, my hope and reality may not align but I am at the mercy of the banking system. I doubt we will get SPT news before mid January so hopefully the window will stay open a little longer.