Trinity Exploration & Pr... Share Discussion Threads

[nocents] 14/3/2019 13:15

The govt. are fully aware of the need to reform SPT. They are just unbelievably apathetic and stubborn to let go . They need to feel pressure pressure pressure. It’s worse than Brexit. If Theresa gets rejected at least she’s trying. T and T happy to stay silent. Keep on with the pressure Heritage et al.

[mark10101] 14/3/2019 12:20

Maybe the government will start to listen, shame they are not proactive but they have to reform to unleash T&T potential. SPT would have been the main topic at yesterdays Energy Chamber conference, several article have come out about it today.

[spellbrook] 14/3/2019 12:18

Heritage will need it and push for it imo
Especially if they are going to make profits down the line

Changes coming I feel

[mark10101] 14/3/2019 12:08

Good to see Heritage backing the pressure to amend SPT.

[slicethepie] 14/3/2019 11:56

I suppose Trin would only RNS if they didn't get the funds as per jan statement "The management of both Petrotrin and Heritage have been in close contact with the Trinity management team and have provided the requisite comfort that all revenues will be received in full during 2019."

[nocents] 14/3/2019 09:32

Shame people didn’t buy yesterday. Was perfect time and I got it right for a change. Still cheap. Roll up punters.....or you’ll miss the steamer...

[spellbrook] 14/3/2019 09:01

Added 25k hard to get volume

[spellbrook] 14/3/2019 08:39

250k buys this am a bit of blue

[spellbrook] 13/3/2019 15:15

Oil Prices Spike As EIA Confirms Inventory Draw

The Energy Information Administration reported a crude oil inventory


decline of 3.9 million barrels


for the week to March 8

[nocents] 13/3/2019 14:31

$58 breached

[nocents] 13/3/2019 14:12

WTI $57.9
Opec+ reaffirmation.
API big draw.
Venezuela.
Only so long oil can be suppressed.
US pumping full pelt.
IMO great buying opportunity for undervalued ( failing PR !) oil stocks.
13p
Gift

[nocents] 13/3/2019 10:28

WTI responding.$58 not far off. EIA later should confirm large unexpected draw.

[spellbrook] 12/3/2019 15:55

Venezuelan Oil Sector Takes A Beating As Blackout Persists


The blackout also aggravated the already dramatic situation with the country’s oil industry, with Argus Media reporting on Sunday Venezuela’s largest oil export terminal and crude oil processing complex in Jose were both shut down. Also, three heavy crude upgraders that PDVSA operates together with its joint venture partners were suspended, according to local sources, as well as several petrochemical plants.

[spellbrook] 12/3/2019 09:48

Saudi Arabia to Extend Deep Oil Output Cuts Into April




Saudi Arabia plans to produce well below 10 million barrels a day in April, a similar pace to March, when it cut output by 500,000 barrels a day from February, the same official said, asking not to be named discussing internal deliberations. Last year, Riyadh agreed with OPEC and its partners, including Russia, to cap production at 10.31 million barrels a day.

With Venezuela output falling further due to U.S. sanctions and power blackouts, oil refiners put in requests -- or nominations in industry jargon -- for Saudi crude of more than 7.6 million barrels a day for April, the person said. However, the kingdom will supply overseas customers with less than 7 million barrels a day, 635,000 barrels less than refiners asked for, they said.

Brent oil futures rose as much as 1.3 percent to $66.60 a barrel in London trading.

The second consecutive month of deep production cuts shows the world’s largest oil exporter is determined to re-balance the market more quickly even though events in Venezuela have left some refiners short of crude. The crisis has worsened a deficit of so-called heavy-sour crude that many refiners use to make diesel.


Saudi Arabia plans to produce well below 10 million barrels a day in April, a similar pace to March, when it cut output by 500,000 barrels a day from February, the same official said, asking not to be named discussing internal deliberations. Last year, Riyadh agreed with OPEC and its partners, including Russia, to cap production at 10.31 million barrels a day.

With Venezuela output falling further due to U.S. sanctions and power blackouts, oil refiners put in requests -- or nominations in industry jargon -- for Saudi crude of more than 7.6 million barrels a day for April, the person said. However, the kingdom will supply overseas customers with less than 7 million barrels a day, 635,000 barrels less than refiners asked for, they said.

Brent oil futures rose as much as 1.3 percent to $66.60 a barrel in London trading.

The second consecutive month of deep production cuts shows the world’s largest oil exporter is determined to re-balance the market more quickly even though events in Venezuela have left some refiners short of crude. The crisis has worsened a deficit of so-called heavy-sour crude that many refiners use to make diesel.

[spellbrook] 12/3/2019 09:43

WTI pushing north...................

Expecting next update first week of April

[spellbrook] 11/3/2019 17:15

OPEC+ Production Cuts To Stay In Place Until June

[mount teide] 09/3/2019 14:26

With regard to the T&T London listed oilers: Relative to their North Sea peers the T&T oilers clearly have a good story to tell - however, as a consequence of having executive/management teams based in a tropical paradise 5,000 miles away from London, its far more important, than say for a London/UK headquartered company, that the CEO's regularly come over and wear down plenty of shoe leather in the City meeting/updating/presenting to the II and sophisticated retail investment community.

Otherwise, out of sight out of mind syndrome can very easily drive events and negatively impact investment interest.

[nocents] 09/3/2019 13:11

Trin need to put on a spangly tu-tu and glitzy high-heeled shoes together with a flamboyant feathered hat and dance around the room saying “ Look at me !! I’m valuable!!”
Instead they are sitting in the shadows with a hoodie draped over their head.
The value is common to both scenarios.
The outcome is not.

[nocents] 08/3/2019 17:40

MT. I salute your empathy. You are correct re. your last statement. My frustration with Trin is immense considering what I have personally been through for 5 yrs and now sitting on a sell price below 13p.
I will not get involved in plusses/minuses of which stocks are best. I have lost enough in my time to know that I am often wrong.
My greatest frustrations are T and T’s utter ignorance and narcissism re. sPT.....and secondly the absence of public engagement by Trin.
Unlike my scaly fellow poster I do feel it is a top notch company ...but a very rigid one which refuses to accept the short-term and often irrational way the market works. Those 2 things.
I rang Walbrook yesterday urging PR...which of course is their job.
I don’t blame you for better returns elsewhere. I’m staying here. Been through too much. But trust me....oil is at 55/56 and b/e below 30 . No debt. Cash in bank. WTF are we below 13p??

[mount teide] 08/3/2019 16:47

'Brent crude now at USD67, a dog-poo stock like Premier Oil is up 6% and TRIN, a company without any debt, is hovering below 13 pence per share.'

What do you make of the fact that many long term TRIN shareholders and regular previous posters have disappeared and are now Premier Oil shareholders/ posting daily on that thread?

For the record, i sold the last 25% of my original holding during the past few weeks, re-investing the proceeds in JSE( the other 75% that went there is already 60% to the better in relative terms). I got out close to b/e overall - a disappointing performance considering the holding was over £6figures in profit last summer.

I sincerely hope the enigma that is TRIN does come good for those that continue to hold, as many have shown remarkable patience and loyalty considering what they've endured over the last 3-5 years.

[plentymorefish] 08/3/2019 16:21

top notch company?

[nocents] 08/3/2019 16:16

Trin not at Oil and Gas investor eve 12th March. Also not speaking at Weds oil and gas devt day in T and T. Wasted opportunities for a top notch company to show itself.

[nocents] 07/3/2019 17:40

Spoke with Walbrook. Expressed how it is this end. Encouraged more and any public affirmation of Trin. A few things in pipeline. Media. I did not ask for false rns’s...just for effort to be made to let people know about the company!!!