Trinity Exploration & Pr... Share Discussion Threads

[whiskeyinthejar] 04/5/2018 12:19

Maybe the oil price will prompt Bruce to further increase the onshore work program plans, perhaps take on another rig.

[bountyhunter] 04/5/2018 11:58

I'll vouch for that :)
VPC was a star

[mount teide] 04/5/2018 11:57

Bruce is running Trinity in very much the same way he ran Venture Production - where he had a long and highly successful history of underpromising and over-achieving for shareholders, preferring to let the results do his talking.

[moneytree1] 04/5/2018 11:23

mon plaisir.

[mark10101] 04/5/2018 11:17

Cheers MT1, as if we needed any more help today. Your efforts are appreciated though.

[moneytree1] 04/5/2018 11:12

we could be witnessing a Blow off Top here.

[astorcourt] 04/5/2018 10:43

Galeota will be on the menu soon. 4 wells at 900 bpd, trin producing 7k bpd.
P/E of 10, give market cap of 250m.

Lots of headroom on a 18 month scale. market looks ahead, re-rate still ongoing.

don't ignore the bowl on the chart.

[mark10101] 04/5/2018 09:58

Ross, have you seen the result? Not,sure how you can state we have already rise to meet them otherwise....

I would also be happy for the result to form a solid base here, however the optimist in me believes this share price strength is telling us somthing different.

[mark10101] 04/5/2018 08:13

Expect MM to drop this morning to prepare for later today and the potential interest going into the weekend. With no results today they can’t be far away.

[spellbrook] 03/5/2018 19:59

Iran Sanctions Could Throw Oil Markets Into Chaos
By Kent Moors - May 03, 2018, 11:00 AM CDT

[spellbrook] 03/5/2018 19:20

Oil Prices Waver as Iran Decision Looms
Date : 03/05/2018 @ 18:11

Oil prices wavered between gains and losses Thursday, with uncertainty over the future of the Iran nuclear deal helping to put a floor in the market.

U.S. crude futures recently traded down 8 cents, or 0.12%, to $67.85 a barrel on the New York Mercantile Exchange. Brent, the global benchmark traded up 2 cents at $73.38 a barrel on ICE Futures Europe.

Prices tumbled early Thursday but have climbed back to near unchanged. Prices have been trading back and forth in a range lately as investors digest data on supply and demand and keep an eye on various geopolitical issues that could disrupt oil supplies. The U.S. Federal Reserve on Wednesday left interest rates unchanged and noted positive economic data, helping to lift oil prices. But data released by the U.S. Energy Information Administration reported higher stockpiles of oil and signs of weaker gasoline demand.

"This down action we've seen is more corrective in nature. We're not necessarily done moving higher," said Ric Navy, senior vice president for energy futures at R. J. O'Brien & Associates.

Investors awaited clarity on U.S. President Donald Trump's position on the 2015 international nuclear deal, which eased sanctions against Iran in return for curbs on its nuclear program. The president is due to decide by May 12, and a withdrawal risks sanctions being reinstated.

"The main sanctions that impact the oil market are U.S. restrictions on foreign banks that carry out transactions with Iran's central bank and exemptions only being granted if importers significantly reduce imports of Iranian crude," said Edward Bell, analyst at Dubai-based Emirates NBD Bank.

In the past, sanctions have reduced Iran's oil exports by around 1 million barrels a day.

Oil prices have rallied around $5 a barrel higher over the past month, buoyed by continued output cuts by members of the Organization of the Petroleum Exporting Countries, along with growing geopolitical tensions.

In contrast with the trend of falling stocks, crude inventories in the U.S. rose unexpectedly sharply in the week ended April 27, with a 6.2 million barrel build, according to data published by the Energy Information Administration on Wednesday. Analysts were unruffled by the rise, however, saying stock builds remained below historical averages.

"Even with this build, U.S. crude stocks have risen by less than 11.5 million barrels so far this year, compared with the five year average build of 58 million barrels," said consultancy Energy Aspects in a note.

Commerzbank also noted that as the inventory build was mostly on the West Coast, where oil infrastructure isn't well connected to other regions, it wasn't representative of the U.S. supply situation.

Gasoline futures fell 0.15% to $2.0766 a gallon. Diesel futures fell 0.41% to $2.1129 a gallon.

[ffp] 03/5/2018 17:42

Now 102% up, which is nice...

[shrewdmole] 03/5/2018 17:39

Way more to come.

That 300k dropped on the bid was our buyer starting to run out of time.

Results with increase in 2p reserves and 2 new wells on line will trigger new broker upgrades.

S

[spellbrook] 03/5/2018 17:09

doubled their money


Trade Date Action Notifier Price Currency Amount Holding
25-Sep-17 Buy Trade Notifier Information for Trinity Exploration & Production Angus Winther 12.25 GBX 408,163 23065178
24-Aug-17 Buy Trade Notifier Information for Trinity Exploration & Production James Menzies 11 GBX 250,000 500000
14-Aug-17 Buy Trade Notifier Information for Trinity Exploration & Production James Menzies 11 GBX 250,000 250000

[bones] 03/5/2018 15:03

plus a 300,000 bid on L2 at 26p

[mark10101] 03/5/2018 14:44

There we go, bid offer above 26p now.

[mark10101] 03/5/2018 14:23

Thanks MT1 that should be the boost we need, looks primed to make a strike higher despite the fiddling the MM have done with the UT.

[moneytree1] 03/5/2018 14:01

Barclays reckon oils gonna sell off in H2.

But then apparently this goes up if oil goes down and up if oil goes up.

Not sure if this is a spike or not.

To be spiked or not to be spiked.

That is the question.