Trinity Exploration & Pr... Share Discussion Threads

[grannyboy] 20/1/2018 15:37

Mark10101, you seem determined to get the numbers to your $43(5493)figure which you state, and you also admit to not knowing..Let's not forget the next set of drilling(10 wells) are 40% lower then previous drills!!.

[esmerelda] 20/1/2018 15:21

I thought cash flow was dependant on profit per barrel multiplied by the number of barrels? We know TRIN's production levels are currently much greater than those of TXP and CERP and that makes it more free cash generative than either of them.

[mark10101] 20/1/2018 15:17

Yes I think when you add G&A which is in TRINS figures it takes into the early $40’s

[grannyboy] 20/1/2018 15:14

I believe TXP capex is around $35, which includes royalties and is on a sliding scale, so the more bbls the less capex costs.

[mark10101] 20/1/2018 13:39

I think TXP is $43 but Rossannan is best placed to cover TXP and CERP.

[wwick] 20/1/2018 13:13

Hi, for comparison purposes does anyone have opex figures per barrel for the likes of CERP, AMER, TXP & PPT. I know for TRIN it is c$30/bbl (or was, this falls with production scaling). I looked on the December CERP update, total opex is given but there is no total production figure. The reason I ask is because cash is king and if one producer's costs are $10/bbl lower than others (with no dept), guess who will have the cash to sustainable grow? Thanks in advance

[wwick] 20/1/2018 12:01

Hi Mark. For any doubters, the achieved price you reference (GO) was from the horses mouth in the Nov Sharesoc presentation.

[mark10101] 20/1/2018 11:12

LAW you have said this on every dip. TRIN is still volatile which is why I like it, when the company discloses its latest position in Feb/March it opens the door to a very substantial rise. On LSE GO tells us that their is little or no discount being applied to WTI, normally 6-8%. Since we last heard from the company in October that gift equates to a bonus $1m into the coffers.

Each month that passes with oil above $60 we are making a profit of approx $1.8m (based on 2850bopd). I would hope by early summer we will have over $10m in the bank and government and CLN cleared.

[lw425] 20/1/2018 09:44

trin lost out on several million dollars when the ministry failed to gain sufficient comfort from a perfectly legitimate minor disposal.

what worries me is that one assumes that money was needed to develop the business and as such I sincerely hope we don't get a surprise fund raising/placement alongside the next update??? The sudden fall from 18.5p suggest someone knows something.

i don't mind telling you I'm more than a little concerned here.

GO!

[marvelman] 19/1/2018 15:33

Can't blame you TT. There are quite a few "Independent Traders" toying with this share between the ranges although I had hoped they would leave the 18p sell button alone this time....perhaps one day we may make some real money here but not necessarily will we be millionaires. Regards.

[trotterstrading] 19/1/2018 15:18

Back in after selling around the 19p spike. I've been waiting patiently for re-entry, thought the opportunity had passed me by to be honest. To good to pass up at this level. TRIN are making bucket loads of cash, results will be an eye opener for sure

[lw425] 19/1/2018 14:44

the way the share price has dived on heavy selling and not responding to a few buys make me highly suspicious

someone knows something

i.m.o

[marvelman] 19/1/2018 14:36

Yes indeed. Prepared, as we have to be, to put up with the short term shenanigans of the traders and to pick up a few crumbs they leave behind as I was able to do today.

[whiskeyinthejar] 19/1/2018 14:24

Trinity already have the cash to pay off all debt.

There was negligible NET debt at last audited financial update and Bruce stated in last presentation that Trinity has "low levels of debt, that will unwind to a positive number by the end of this year (2017)" .

Some institutions and PIs screen for low or debt free companies, so we should soon be getting flagged up with increasing numbers of investors.

[phowdo] 19/1/2018 14:16

LW425 is a great contra-indicator

He was short HUR recently at 24p with a target of 13p.
I went long and am up over 50%


LW425 - 25 Nov 2017 - 20:09:46 - 27559 of 28354 Hurricane Energy PLC - HUR
So we had a spike to an unsustainable market cap for a company with no revenues and no production. that spike was supported by institutions taking part in the placements which helped to perpetuate the bubble market cap, inflated further by PI'S.

what will happen now is that the share price will drift down with the cash burn. there is no reason for any sane person thinking logically to buy and hold now

so say at first production if they do maybe 13000 barrels to maybe 19000 barrels, a share price of 13p, 250m cap with the bond debt on top to be factored in is more than fair

you still don't know if it will flow at commercial rates at proper EWT of say 3 months

so the risks are off the scale.

this is going long term down

funds should dump now

as should pi's

i.m.o.

[marvelman] 19/1/2018 14:09

Yes LW and here you come again. No comment from you when we hit 18p though.

[lw425] 19/1/2018 14:04

wow looks at all those sells

all very well saying loan notes will be paid off by year end if all goes well but what if all does not go well?

7p here we come

GO!

[mark10101] 19/1/2018 13:50

Well they were holding up the offer but not now, last shake before news over the weekend, mostly the AT being used to move bid down.

[markth126] 19/1/2018 13:37

Something up?

[phowdo] 19/1/2018 12:55

Hoping for a few more punters to sell the dip.
I've got a limit in to buy what I sold the other day.

[mark10101] 19/1/2018 12:50

Funny how it always works but the gap just closed that was made last Friday. You never think it will but it always seems to. Now the question is who wants to sit this weekend out.

[phowdo] 19/1/2018 11:33

Tax per mile travelled. More for built-up areas & peak-times.
Not that hard to implement.

[pineapple1] 19/1/2018 11:15

I want to know how the govt intend to replace the £27B lost thru fuel excise duty disappearing .
Some say tax electricity. Are they not currently looking to cap electricity prices as peeps bleat like sheep about the cost. I doubt an old doris living in a rundown flat who brews her tea and makes a slice of toast each morning is going to be pleased at having to pay extra for electric car vanity...
imho