Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 06/2/2018 07:05

Yes, this is needed and if it did not happen now it would happen later. Makes me happy I did not top slice TRIN and go into frothier stocks.

[mark10101] 05/2/2018 21:14

Ross, have you been following the DOW, down 1500pts at one stage in flash crash. Looks to have closed more than 1000pts down with futures still fluctuating by 100pts a minute....

[mark10101] 05/2/2018 14:28

Nice, very good if you we do make it, as WITJ says it will certainly hit new radars if we do.

[whiskeyinthejar] 05/2/2018 13:55

This is how I see the chart:



Jennings buying pushed us to 18p, but share price then fell back to support. However support level is rising, and price looks ready to take break resistance at 18p very soon.

[mawc] 05/2/2018 13:53

Malcy did feature Trinity on the Vox podcast. Nothing new but all positive.HTTPS://www.voxmarkets.co.uk/blogs/premier-african-minerals-prem-obtal-obt-malcy-rkh-pmo-trin-igas-dgoc/From about 23mins in

[mark10101] 05/2/2018 13:16

WITJ, if we get into Malcy's bucket list then it can only be good. I think we are in a new phase and switching from sell the rise to buy the dip. It will hopefully be the most enjoyable phase we have had since this time last year.

[whiskeyinthejar] 05/2/2018 12:51

It doesn't matter to me what Malcy motivations are, he just summaries company news, DYOR is the golden rule.

I'd have never noticed JOG without Malcy giving 6 months notice that a tiny company called JOG was gonna drill a multi hundred million barrel well. No brainer, it 10 bagged before the drill, no need to hold for the actual spudding.

I can't know for certain what effect Malcy had on JOG shares, but he introduced JOG to a lot of people. Whether people buy will depend on what people make of the company. But I think he does have a large effect on a smaller, less well known companies because he highlights their plans.

[mawc] 05/2/2018 10:40

Good to know - thanksI think Malcy normally does the Vox podcast on Mondays so the Bucket list might be announced then. Again I don't think it will have a huge effect but every little helps.

[mawc] 05/2/2018 10:33

There is an updated 3 page Whitman Howard report issued today. I haven't read it or know anything about it's content but it can only be good news based on this mornings release. It all helps to get the word out anyway.Anyone who has access to the report - it would be good to get an idea of what they are saying...

[fillipe] 05/2/2018 10:29

That little uptick didn't seem to last long....obviously mm's don't want to take on any more shrs with the best bid/ask showing of 16.55p v 17.85p, even if it is a bit dealable within.

f

[phowdo] 05/2/2018 10:10

"During the period, Trinity continued to build on the momentum achieved during the first three quarters by delivering yet further growth in profitable production and strengthening of the balance sheet."

They are clearly paying down debt at an accelerated rate, otherwise the balance sheet wouldn't strengthen (given the stated cash position).

[mawc] 05/2/2018 10:07

Well Malcy thinks it's good news...@Trinity_PLC Great update this morning with 11% increase in production and the most profitable barrels and highest ebitda that I know anywhere. Bucket list imminent and inclusion a certainty....

[mark10101] 05/2/2018 10:05

$2.90 WTI/Brent differential, been a very long while since we have had that.

[bountyhunter] 05/2/2018 10:04

"Strong Balance Sheet

-- Cash balance of US$11.7 million as at 31 December 2017
-- Liabilities outstanding to the Board of Inland Revenue ("BIR") and Ministry of Energy and Energy Industries ("MEEI") continue to reduce faster than anticipated by the ratified payment plan

Management is continuing to examine a range of options regarding the sale of the West coast assets. In the interim, the assets continue to generate positive cash flow.

The Company will announce a summary financial review of 2017 including unaudited numbers for the full year in early March "

[fsawatcher] 05/2/2018 09:41

why they so scared of printin the debt number?

No point in jus sayin cash balance

or net debt ($1.2m)

they dont like sayin the debt number coz they knows it aint pretty

cash pile droppin and not risen

that the FACTS

down $0.5m in last 3 month

[spellbrook] 05/2/2018 09:35

Trinity Exploration & Production boosts third-quarter production

[spellbrook] 05/2/2018 09:33

05/02/2018 7:00am
UK Regulatory (RNS & others)

Trinity (LSE:TRIN)
Intraday Stock Chart
Today : Monday 5 February 2018

Click Here for more Trinity Charts.
TIDMTRIN

RNS Number : 8500D

Trinity Exploration & Production

05 February 2018

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Trinity Exploration & Production plc

("Trinity" or "the Group" or "the Company")

Q4 2017 Operational Update

Increasing levels of profitable production

Trinity, the independent E&P company focused on Trinidad and Tobago, today provides an update on its operations for the three month period ended 31 December 2017.

During the period, Trinity continued to build on the momentum achieved during the first three quarters by delivering yet further growth in profitable production and strengthening of the balance sheet.

Q4 Operational Highlights

-- 11% quarter on quarter increase in Group average production volumes to 2,777 bopd for the three-month period (Q4) ended 31 December 2017 (Q3 2017: 2,506 bopd)

-- Increase in production was achieved due to the continued positive results on the low-cost high return work programme of recompletions ("RCPs"), workovers, reactivations and swabbing

-- A total of 20 RCPs (Q3: 12) and 25 workovers (Q3: 27) were completed during the period, with swabbing operations executed across all land assets

-- Having subcontracted a third rig to support the increased activity set there was a 19% increase in rig man-hours worked from 1,741 hours to 2,067 hours

-- During December 2017, production exceeded 3,000 bopd for over 14 days as a result of several wells flowing naturally post recompletion, underlining the quality of the RCP inventory

-- These wells have now returned to normal (planned) production rates
-- Whilst a sustained production rate above 3,000 bopd is not expected until later in 2018 it evidences the clear upward trajectory being delivered from the planned work programme

Strong Balance Sheet

-- Cash balance of US$11.7 million as at 31 December 2017
-- Liabilities outstanding to the Board of Inland Revenue ("BIR") and Ministry of Energy and Energy Industries ("MEEI") continue to reduce faster than anticipated by the ratified payment plan

Management is continuing to examine a range of options regarding the sale of the West coast assets. In the interim, the assets continue to generate positive cash flow.

The Company will announce a summary financial review of 2017 including unaudited numbers for the full year in early March. This will provide further detail on production, margins, operating breakeven, costs and profitability - highlighting the growing value of the Company's assets and continued strong financial performance in an environment of improving oil prices.

Outlook

Profitable production has continued since the year end with the Company commencing its 2018 work programme. As previously announced, this will include the initiation of new drilling operations during the current quarter, with a view to achieving its near term production target of 3,000 bopd during 2018 and achieving a more material step change in production in the medium term.

Bruce Dingwall, CBE, Executive Chairman of Trinity, commented:

"We are extremely pleased with the performance during the period and the ongoing progress across our portfolio of assets. We are focussed on further maximising profitability and cash flow while generating increasing returns for shareholders and look forward to further updating the market with unaudited numbers for 2017 in early March."

[fsawatcher] 05/2/2018 09:31

decom costs massive

cash flo just payin down debt nuffin more

you got nuther 4 quarters of this borin stuff

they aint goin anywhere until that cash pile start growin

an it aint growin

it fallin