Trinity Exploration & Pr... Share Discussion Threads

[dunderheed] 25/8/2018 17:28

Have they not 'advertised' their intentions in prospectus plus the fact that they will update operations with the financials in September?

Maybe they're not answering e mails linked to imminent update anyway out-side of that time table?
Maybe they had eyes on acquisitions as well which they are also working on currently?
Whilst I realise it is a gap since the funding - I don't think their is any evidence yet they are being 'laid back' and I'm a pretty impatient fella actually!
Come September and update of they haven't achieved much then I'll be the first shouting and jumping up and down!

[oilandgas1] 25/8/2018 17:12

I agree .. you cannot use words like hitting the ground running and still nothing 2 months later .. debt free , oil price steady and share price under performing .. drill news is required..

[dunderheed] 25/8/2018 15:42

MT they're not going to share such information solely with you so what do you expect? Let's wait until September update and see operations progress then.

[mount teide] 25/8/2018 15:21

'The market makers want our shares, so they artificially drop the price to try and scare nervous, impatient or leveraged holders into selling.'

Nervous or leveraged holders:
The smart money might suggest that if the management created waterfall drop from 27p to 15p has not sent them immediately stampeding for the exit door nothing will!

Impatient:
Anyone finding themselves at the same share-price 18 months following a period when the POO has more than doubled could hardly be described as impatient! Disappointed would be more accurate!


Like i am, in not getting a reply to an email requesting the management get their finger out ref the drilling programme which received the cash to fund it over two months ago!

One month later we had this from management:

'Drilling contract signed for the initial six well campaign.
In its Q1 2018 Operational Update.....the preparation for infill drilling operations has been ongoing with Trinity's dedicated subsurface teams working up incremental locations for future drilling....this preparatory work has enabled Trinity to hit the ground running with an accelerated and fully funded drilling campaign commencing in H2 2018.'

Hit the ground running? We are now over a month since that 'update' and two months since they received the cash to fund it, and just 4 months from year end and, yet still to hear anything about when and where the drilling campaign will commence.

Fired off second email to the Company, including one to the Nomad asking if they're happy with the fact that the Business Address of Trinity's 'Company Secretary' is actually a three bedroom semi detached house on a run down residential housing estate in Reading? - because i am not!


AIMHO/DYOR

[spellbrook] 25/8/2018 13:02

At trins current price plus price of wti and cash in the bank we could be a takeover target

[husted] 24/8/2018 18:30

Double post.

[husted] 24/8/2018 18:30

Its mostly buys so tree shaking is going on here.

The market makers want our shares, so they artificially drop the price to try and scare nervous, impatient or leveraged holders into selling.

[diseasex] 24/8/2018 18:04

yeah but we are moving south..

[spellbrook] 24/8/2018 15:45

Nice to see oil starting to moving north again

[ny boy] 24/8/2018 12:15

Bought a few more earlier, Time we got back to 26/42p trading range!

Meanwhile (SOS)is very much in play, increasing volumes on the breakout, next ASOS many say, if so, should be a big mover, also (AOR)being bought on the pull back and (INFA) chart looking good on a breakout dyor as usual

[mark10101] 24/8/2018 10:12

DH, no worries, a good SPT reform will make a huge difference to TRIN and a major catalyst. It has been promised for years but with the implementation of the royalties on gas in December the fiscal landscape in looking conducive to it atm. Hopefully exciting times ahead for TRIN in the coming months.

[dunderheed] 24/8/2018 09:32

Yep mark looking good and thanks for the direction re suppl taxes.

[mark10101] 24/8/2018 09:21

Tight spread, I may have been a day early with my call, looking promising for a move up from here.

[spellbrook] 24/8/2018 09:18

Some early volume today ...soon be September update

[spellbrook] 24/8/2018 07:57

U.S. Oil Data Has Markets Confused

That meant that lots of crude oil was taken out of inventory and processed into refined products. It’s no surprise then that gasoline stocks rose, and the build was counter-seasonal, which pushed gasoline stocks above the five-year average. But analysts aren’t concerned that this is a bearish signal. “We expect the refinery maintenance season to begin soon, correcting product oversupply,” Standard Chartered wrote in a note.

[whiskeyinthejar] 23/8/2018 14:18

"In another evidence of reservoir depletion, the gas to oil ratio GOR jumped in the Permian by 20% in 1 month. Production from new wells instead is slumping. Beginning of September, these numbers should show off in official numbers, which implies a massive production slump."

[whiskeyinthejar] 23/8/2018 13:57

There's more shares around now so may see less volatility. But the familiar pattern is pull back, consolidate and then rise again. share price should just start trending up as indigestion of placing passes.

Inevitability, as an oil producer, Trinity is sensitive to oil price sentiment. Mostly buys today /yesterday, I assume partly on back of oil prices modest move up, after the news of the unexpectedly large storage draw on Wednesday night.

[diseasex] 23/8/2018 11:52

remmeber volatility increase is double edged sword. definitely breaking out of consolidation will be a big mvoe though, I'd just wish a trend than a spike..

[mark10101] 23/8/2018 11:39

Look back at TRINS trading history. If my recollection is correct we have fallen on the majorly of trading updates. Hopefully TRIN have finally got to the stage where they can positively surprise the market, so we could get an extra boost then. However again if my recollection is correct TRINs biggest moves have been post a period of tight trading like this and on no new news. The valuations gap is there and once upward momentum is achieved I can see this well into the 20's on no news.

[diseasex] 23/8/2018 11:31

nope, it won't happen until earnings or update..

[mark10101] 23/8/2018 07:49

I have a feeling today they will loose control of the order they are working atm. Yesterday was a tremor into the 17’s which they got back down. Any decent buying will be a lot harder.

[diseasex] 22/8/2018 16:07

I think these big guys are still selling..

[spellbrook] 22/8/2018 12:51

Oil Prices Rise After API Reports Large Crude Draw