Trinity Exploration & Pr... Share Discussion Threads

[jungmana] 22/10/2015 16:19

This time last year trin was about 70p. The only change since then was oil price taking a hammering causing fear of default on just $13m debt.Now things looking up. 20-30p would be fair price

[tidy 2] 22/10/2015 16:01

If we have a sell off in to close I'll be looking for more

[mdw1] 22/10/2015 15:54

If this holds above 10p very positive and bodes well for the next few days; bid or no bid this needs to rerate big time.

[tidy 2] 22/10/2015 15:12

LSE Don't want to fuel any ramping, but there are some interesting correlations between this announcement on the website and yesterdays first RNS. Bajan talk of an asset that would benefit from infil and EOR. Yesterday's RNS talks of the exact same thing....hmmm I wonder!

[tidy 2] 22/10/2015 15:11

Direct from Bajan website is this; Bajan Hydrocarbons is evaluating the acquisition of mature producing assets, lying in near shore waters offshore Trinidad, with a combined OOIP in excess of 500MMbbls and high netback barrels. The assets have been producing for a number of years and the current Operator considers that with a combination of infill drilling, workovers and EOR programmes (steam flood and CO2 injection) the reservoirs should be able to deliver additional production, substantially extending field life. To assist with its entry into Trinidad & Tobago, Bajan Hydrocarbons has signed an agreement with a local technical partner that has considerable experience of operating low-cost drilling & production and of implementing EOR schemes, in particular CO2 injection programmes.

[tidy 2] 22/10/2015 15:03

They need stock to rerate it but they are struggling to get the Qtys they must need.

[sigora] 22/10/2015 15:01

odd trading pattern all day flurry of at/bot buys for a minute or so then nothing been in auction often today very weird

[mdw1] 22/10/2015 14:58

Topped up as well and not showing; games being played here!

[sigora] 22/10/2015 14:55

not much selling on here at all should continue rise into close

[tidy 2] 22/10/2015 14:54

Bought 4 times. Not easy.

[letmepass] 22/10/2015 14:52

Topped up again but not showing

[tidy 2] 22/10/2015 14:46

Expecting fair value here. 24p would be well too cheap surely.

[hope67] 22/10/2015 14:43

bit delayed

[sigora] 22/10/2015 14:40

still the bot buying taking this up not much retail buying unless on isdx

[tidy 2] 22/10/2015 14:40

A nice round 8 bags from here please

[tidy 2] 22/10/2015 14:39

This should be around 80p. 24p will be knocked back surely.

[alexp6] 22/10/2015 14:38

hence quite excited - some experienced mgmt there in oil and finance.

[jungmana] 22/10/2015 14:36

Alex - there could be truth to this rumour. When you look at trinidad which company really fits bajans statement quoted there?Trin off course

[sigora] 22/10/2015 14:33

back in auction again

[jungmana] 22/10/2015 14:31

24p ( market cap of £22m) will be a steal of trin imo :-)

[alexp6] 22/10/2015 14:30

Tidy 2 that is actually quite exciting especially after reading their website.

Direct from their website is this;
Bajan Hydrocarbons is evaluating the acquisition of mature producing assets, lying in near shore waters offshore Trinidad, with a combined OOIP in excess of 500MMbbls and high netback barrels. The assets have been producing for a number of years and the current Operator considers that with a combination of infill drilling, workovers and EOR programmes (steam flood and CO2 injection) the reservoirs should be able to deliver additional production, substantially extending field life.

To assist with its entry into Trinidad & Tobago, Bajan Hydrocarbons has signed an agreement with a local technical partner that has considerable experience of operating low-cost drilling & production and of implementing EOR schemes, in particular CO2 injection programmes.