Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 18/3/2019 10:33

Whose hoping to attend ?????


I want to attend the TRIN Investor Briefing and would like venue details



I do not want to attend the TRIN Investor Briefing



Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, will announce results for the full-year ended 31 December 2018 on Tuesday 02 April 2019 and will be hosting an investor presentation the City at 16.30 on the day.



Bruce Dingwall Executive Chairman of the Company and Chief Financial Officer Jeremy Bridglalsingh will present financial and operational results for the year ended 31 December 2018, as well as an overview of the Company and its plans for the future.



The event is open to all investors and will be held from 16.30 for a 16.45 start at a venue in the City.

[spellbrook] 18/3/2019 07:07

Trinity, the independent E&P company focused on Trinidad and Tobago, will announce full year results for the year ended 31(st) December 2018 on Tuesday, 2(nd) April 2019.

Investor Presentation

The Company will be hosting a presentation for investors in London on the evening of Tuesday, 2(nd) April 2019. Bruce Dingwall, Executive Chairman of the Company, and Jeremy Bridglalsingh, Chief Financial Officer, will present operational and financial results for the year ended 31 December 2018, as well as an overview of the Company and its plans for the future.

The event is open to all investors and will be held from 16.30 for a 16.45 start at a venue in the City of London. To register for the event please email [e-mail] or call the Walbrook PR team, below.

In addition, Bruce Dingwall will be presenting to a diverse audience from the energy industry and its supporting service companies, at the Scottish Oil Club on Thursday 11 April 2019 as part of an increased presentation schedule planned for 2019.

[spellbrook] 15/3/2019 15:28

IEA Warns Of Looming Oil Market Deficit



Production outages and Iran and Venezuela will tip the global oil market into a shortage during the second quarter, the International Energy Agency said in the new edition of its monthly Oil Market Report.

This will happen against the background of steadily rising demand despite a slowdown during the last quarter of 2018, the agency said, adding that it had kept its 2019 global demand forecast unchanged from the last OMR at 1.4 million bpd.

The IEA said Venezuela’s oil production had stabilized around 1.2 million bpd before the massive power outage that hit the country earlier this week, noting this is the same amount as the one OPEC and its partners agreed to take off global markets in December in a bid to prop up prices.

While it did not say it expected Venezuelan’s oil production to grind to a halt, further decline is more or less a certainty. However, any serious market disruption should be limited because OPEC members—excluding U.S. sanctioned Ian and Venezuela—are sitting on some 2.8 million bpd in spare capacity. This, with two-thirds of it in Saudi Arabia, could be quickly brought back online to cover any shortages, especially of heavy crude. OPEC has cut mostly its heavy crude oil output.

[mark10101] 15/3/2019 13:39

Some interesting discussions on the TXP board, it always seemed strange that the other T&T oilers were not reporting the same issue as TRIN regarding a late payment from Petrotrin. It turns out that TXP had experienced the same issues(!...) However as it stands now it is down to a pretty benign situation where TXP owe Petrotrin what Petrotrin owe them. In the same way it seemed strange only TRIN had been affected, we should be able to infer TRIN are in a similar position now having gone past SPT threshold payment in mid Jan. We shall see.

Another excellent bit of news from TXP recent operational update is that they are receiving higher than WTI for their oil. We knew Paria Trading was achieving several $s above WTI for the tanker sales so great to see the discount we receive is very reasonable. Last year at $58 we would probably have been receiving less than $55 so last year we were operating under a stealth tax subsidising Petrotrin, 2019 starting to look a little brighter.

[spellbrook] 14/3/2019 20:15

Was 2018 the peak for production

[spellbrook] 14/3/2019 15:41

Us aims to bring Iran oil below 1mil bopd

[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