Trinity Exploration & Pr... Share Discussion Threads

[ffp] 15/1/2019 18:53

wwick, excellent thank you. Thinking, I suppose I could have googled it and not have looked like a numpty. But once a numpty on things you do not understand always a numpty. Now if you asked about farming, then I am your man!!!! Thanks again.

[ffp] 15/1/2019 17:42

A question from a numpty please:

Can someone explain these terms please:

recompletions, workovers reativations and swabbing.

TA

[spellbrook] 15/1/2019 16:39

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Bruce Dingwall Trinity Exploration #TRIN Executive Chairman: We are in an extremely strong position entering 2019 with increasing levels of profitable production, healthy cash balance, no debt, strong cash flow generation and a portfolio operating break-even of below US$30/bbl.

[mark10101] 15/1/2019 15:24

WTI having a good day, things coming together nicely for TRIN.

[mark10101] 15/1/2019 15:22

Interesting WWICK, it has that feel to me. The 11.5p washout from a technical point of view clears the way for the bounce you have drawn in. The time frame looks good to me also.

[seagreen] 15/1/2019 11:20

(Technical point those share options on LTIP 3rd January surely should have been announced after the operational results were released surely a closed period .... referee!)

[nocents] 15/1/2019 10:54

OT. Exactly! Bopd seems to be particularly high atm. Not reflected in Q4 as a whole. Q1 2019 should be cracking.
A few sellers which is good.Profit taking. Brings price down to make it cheaper to buy. Awaiting Malcy and Investors Chronicle. The only way is up from here re. S/p as production is remarkable after first ever RCP offshore and growing onshore drilling. I reiterate Cenkos with BUY as we are only just above Placing price. Get rid of a few more sellers and tgis should set us up for proper rerate.

[nocents] 15/1/2019 10:53

OT. Exactly! Bopd seems to be particularly high atm. Not reflected in Q4 as a whole. Q1 2019 should be cracking.
A few sellers which is good.Profit taking. Brings price down to make it cheaper to buy. Awaiting Malcy and Investors Chronicle. The only way is up from here re. S/p as production is remarkable after first ever RCP offshore and growing onshore drilling. I reiterate Cenkos with BUY as we are only just above Placing price. Get rid of a few more sellers and tgis should set us up for proper rerate.

[otemple3] 15/1/2019 09:41

Today's statement is what Trinity are all about. Excellent growth rates (ahead of where I was expecting certainly) coupled with sound financial discipline. It is what I feel sets us apart from our competitors and why I continue to have an abnormally large percentage of my portfolio here!That cash balance (still £13m) will continue to drive growth going forward and also opens up opportunities to accelerate growth through acquisitions / other opportunities from petrotrin.Can't wait for the next update as that implied run rate points to some cracking production figures.

[spellbrook] 15/1/2019 09:16

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@Trinity_PLC
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Cenkos impressed with Trinity Exploration #TRIN Q4 Update stating "Given the Company’s strong balance sheet, increasing production and an undemanding valuation (upside of 128%) we reiterate our BUY recommendation."

[nocents] 15/1/2019 09:15

Seriously undervalued right now. Low risk/ high potential. Good time to buy before media latch on.

[mark10101] 15/1/2019 08:47

Chart looking as good as the results.

[sleveen] 15/1/2019 08:45

Decent results.

[wwick] 15/1/2019 08:32

TRIN better be charging interest on that aged debt!

[spellbrook] 15/1/2019 08:10

Wwick let’s hope Whitman don’t raise target price (lol)

[wwick] 15/1/2019 08:03

Am not expecting fireworks ;-)

[wwick] 15/1/2019 07:59

I suspect Cenkos have the answer to my question given their statement "Exiting the year far in excess of its target 3,000bopd"

[drmaccers] 15/1/2019 07:58

Pretty class considering cash balance, profit and Mcap

[astorcourt] 15/1/2019 07:56

And also worth considering the bad weather conditions

[mdw1] 15/1/2019 07:53

Excellent update

[wwick] 15/1/2019 07:51

From Q2 "which has averaged 3,045 bopd to date from the beginning of October". From Q4 "average production volumes to 3,205 bopd for Q4" . So if the quarter commenced at 3,045 bopd and averaged 3,205 bopd, what could the current production rate look like?