Trinity Exploration & Pr... Share Discussion Threads

[beetroot juice] 16/4/2018 11:53

Robin/Ross>> Im not ramping, but its obvious is it not?


In very simplistic terms. Revenues up, Debt down, Production up and more Wells being planned. Which means More production, more revenues, more profit and OHH No Corporation tax and Tax reforms a strong possibility for TRINIDAD as it trys to Help its Oil industry..

Any of that wrong?

[beetroot juice] 16/4/2018 11:47

Hey Ross, other poster is right your Robin of Loxley, i used to post on your BLINKX thread you got that wrong too. I bought at 20p sold all the way up to 160p.

You Whined incessently on there too about what if this? or what if that? Rather than just seeing it for what it is. Profitable, growing and hitting more radars.

Stop over thinking it. Simple

[beetroot juice] 16/4/2018 11:42

Great RNS and i see Ross AnnE cant decide if its good or Bad..

40p plus here next few months. Strong buy for sure.....

[fidra] 16/4/2018 11:42

I seam to recall about 200m losses to offset tax .

[shrewdmole] 16/4/2018 11:40

someones managing the price and has been for a while. same size blocks on bid and offer and the spread so wide......

[shrewdmole] 16/4/2018 11:32

you said taxes not spt.

[whiskeyinthejar] 16/4/2018 11:32

Sorry to disappoint you, but SPT is paid throughout the year so already included in Q1 figures. Drilling will be more expensive, but 4 wells won't break the bank. Especially as they aren't taking on a new rig to do it. Hopefully higher initial flow rates on the new wells will give us a boost too.

[spellbrook] 16/4/2018 11:21

Bruce and the team are so methodical and must be getting excited to know options at 35p will be achieved..imo

'The company continues to focus on carefully managed high margin profitable production,' chairman Bruce A. I. Dingwall said.

'Our proven low-cost production model continues to be highly cash generative, enabling the company to pay down debt faster than anticipated.

[shrewdmole] 16/4/2018 11:20

rossannan

you really don't do your dd!!!

trinity has millions of dollars worth of tax losses to use up so we are corporation tax free for years!!

s

[whiskeyinthejar] 16/4/2018 10:57

More BS from Ross.

Cash is up by $400k, debt down by $1.7m from year end. So $2.1m profit in Q1.

Net debt was $100k at year end. So as of March 31st, Trinity would have $2m left over after clearng debt. It's a complete red herring.

Average Q1 oil price was $62.90, stock levels are high, so we should do even better in remaining quarters.

[spellbrook] 16/4/2018 10:37

TRIN & Walbrook tweeting

Trinity E&P
‏

@Trinity_PLC
21m21 minutes ago
More
Trinity Exploration #TRIN $TRIN provides Q1 update. Cantor Fitzgerald says shares are worth 38p. Highlights higher level of base production, increasing cash balance, robust cashflow, commencement of drilling and low risk approach to value creation and long term upside

[wwick] 16/4/2018 10:05

In addition to the TGAL FDP I see "onshore reserves" are also being reviewed. This is a new direction with an emphasis on a "low risk approach to value growth". May is going to be interesting. When the revised reserves are published in May I will look for brokers (and others) to review their targets.

[spellbrook] 16/4/2018 09:37

Malcy will add a bit to his followers in todays Blog

[whiskeyinthejar] 16/4/2018 09:24

RNS says they are working on a FDP for TGAL. A FDP would move the 2c reserves to 2p (the FDP proves its commercial).

[uapatel] 16/4/2018 08:46

Thanks, good point based on the way Bruce has done RNS info. Previously.

Be great if the drills did have materially significant impact, but any reasonable increase on the reserves and bpd would be good news.

[mark10101] 16/4/2018 08:16

Uapatel I was just assuming they would include it in the May update. However I am not sure how high/low the well has to perform for it to be material market news, so could come earlier. Does anyone have an expected figure for flow rates per well?

[uapatel] 16/4/2018 07:59

Mark, are we not in Q2 2018 now? So technically we could get news on those drills any time soon. Happy to be corrected on this though.

Great RNS

Good luck all holders

[mark10101] 16/4/2018 07:53

So we have drilled two wells and it sounds like we get news of the production as early as May. Debt going down and cash balance going up at the same time as drilling two wells! It seems like that production is about to change rapidly going into qrt 2.

Also sounds like we may also get a nice boost to our reserves soon, that will be received well by the market.