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TRIN Trinity Exploration & Production Plc

46.50
0.50 (1.09%)
29 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trinity Exploration & Production Plc LSE:TRIN London Ordinary Share GB00BN7CJ686 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 1.09% 46.50 45.00 47.00 46.00 46.00 46.00 25,458 16:35:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trinity Exploration & Pr... Share Discussion Threads

Showing 30126 to 30148 of 30150 messages
Chat Pages: 1206  1205  1204  1203  1202  1201  1200  1199  1198  1197  1196  1195  Older
DateSubjectAuthorDiscuss
29/5/2024
17:38
Has Trinity got any Cretaceous targets at depth?
davidblack
29/5/2024
17:38
Has Trinity got any Cretaceous targets at depth?
davidblack
29/5/2024
16:16
Because the takeover price isn’t 61p. The takeover price is whatever 1.5 Touchstone shares are worth when the takeover completes. At the moment they are worth 50.25p.
andrewbyles
29/5/2024
15:37
Why is it 46p if the takeover price in a few months is 61p?
aqc888
29/5/2024
15:22
I have happily voted for takeover, knowing what TXP brings to the table and upside TRIN assets have.It's a win win.
che7win
29/5/2024
12:38
There is no reason why the takeover should not take place. There is no alternative pressure on shareholders to reject it. Quite the contrary in fact.
nocents
29/5/2024
12:21
There must be considerable doubt this merger will take place if the share price is so much lower than the takeover price?
aqc888
29/5/2024
00:53
The shallow water licensing round has just concluded with bids received for 4 of the 13 licences on offer (not an outstanding success, but not a failure either) - see and

Interestingly, “the Block Modified U(c) Block, which is located close to the Teak, Samaan, Poui field, …[received] the most interest with three bids made.” Galeota is also located close to the Teak, Samaana and Poui field (albeit on the other side) - see the map at

andrewbyles
28/5/2024
13:12
100%
But Trin management have messed up a treat since the death of Bruce D. and they are not going to admit to it. They have been an absolute mess of incompetent decisions. They do not deserve their nice payoff.
Scandalous.
Caveat emptor re.Touchstone, but could they be more incompetent? Possibly but it’d take some doing.
I just can’t believe how much has been spent on salaries and admin. And production drops.
We see the share prices drop in tandem now. I await Jacobin Forest/Cruse bopd and Cascadura results. Not with any exppectations.Trin have done nothing but flop in every promise they have given. And get a comfy payoff.
Shameful

nocents
28/5/2024
09:53
Andrew your post 7620 is a good reminder as we do have short memories sometime.
lexus880
24/5/2024
22:38
Apologies only occur where guilt/fault is admitted.
Not gonna happen with Trin.
Mustn’t forget….itR17;s our fault.
Nothing to do with two dry conventional wells. abandoned horizontal well+ special drill bit, wasted $10m+ on ridiculous deep drill, buyback at £1 +, hedging , etc etc.
Nope. Not me guvnor…it was him.
I have been in Trin 10 years + and saw it all fall to pieces when Bruce died and Tracey left. I never would have thought they would have bumbled so profusely.
They really truly should feel ashamed and apologize to shareholders but it won’t happen.
I have also been a fool. Investing in AIM and losing it all. But at least I admit my stupidity.

nocents
24/5/2024
22:26
Nocents, the existence of substantial shareholders in Trinity made no difference. They did not see the writing on the wall or even if they did failed to make any material impact.
nafafa
24/5/2024
18:55
The full set of documents are available here:


Trinity’s spent £2.6 million on the takeover, nearly a million more than Touchstone.

It looks as though the two executive directors get 12 months’ notice pay and the non-executives three months.

The Touchstone valuation looks very encouraging.

Still no apology.

andrewbyles
24/5/2024
14:37
The fact we have an AGM,but no date for the vote is frankly abysmal. There is no point looking for sense where there is none to be found though. I dearly hope TXP are more savvy …you couldn’t get much less (!), but I will not expect TXP to be shareholder friendly or to bear us in mind. There are no large shareholders as in Trin which leaves us somewhat vulnerable.
But it did not stop the gormless decision-making by Trin I guess, did it.

nocents
24/5/2024
12:56
Yes, shame they did not embark on the idle well study before making what may well turn out to be baseless claims about decline in base production. These guys are so incompetent.I wonder whether we will find out what happens to the 1.5 million shares bought back and held in treasury. Surely they should form part of the deal, in which case they should be sold and the proceeds paid to shareholders. Will we get to know the scale of the no doubt generous exit packages management will have negotiated for themselves?
nafafa
24/5/2024
10:25
Same boat re.massive losses. Mine are irretrievable as I withdrew them and was defrauded elsewhere. Maybe one day get a tad back from the little I have left in Trin..£1.28 average. The management including chairman should be ashamed however by what they have done with a decent company since Bruce passed away.
I hope TXP show the rigour and purpose on Trin’s website which is just tosh.
When is the voting date for goodness sake??

nocents
24/5/2024
09:18
Since there are no takeover resolutions proposed for the AGM, I go back to suspecting that Trinity will hold a general meeting on short notice to vote them through.

It’s a small point, but I find it outrageous that even in this morning’s RNS, Trinity continues to publish its “Trinity's portfolio includes current production, significant near-term production growth opportunities from low-risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth” nonsense.

Still, the future is brighter. Touchstone has enormous potential of its own, has done a great job and is doing a great job developing new assets, and the takeover will result in significant cost savings that can be poured into greater investment. The “I think it’s all terrible but I’m waiting for the share price to go up” attitude makes no sense to me, but since I think it’s a good deal I do expect the share price to increase and I’m hopeful that my massive Trinity losses will be reversed.

andrewbyles
24/5/2024
09:03
TXP have moved production from 2000 boepd to 7500 currently and 14,500 by year end. I don't think that's a failure, it's a fantastic success.Dont blame TXP management for drill bit results, (last three this year are storming results), blame them for expectations not being communicated honestly if you have to.I don't think TRIN have performed, sounds like Jacobin wasn't set up for sucess, it's higher risk than was envisaged. The upside is there going forwards, otherwise I wouldn't be here. If you were to set emotion aside and actually look at results... Cascadura throwing off 20m dollars in little over 6 months from 1.5 working wells, then there is good upside to be had with patience. I know TRIN have the same upside if execution is managed better with the wall of cash available going forwards.
che7win
24/5/2024
08:47
Trinity for years has been blessed with stable low-cost production the financial returns of which have been squandered, when they should have been shared and so provided a healthy return to shareholders. What an absolute disgrace, shame on management. Shareholders themselves share a degree of responsibility, particularly those with large holdings, who have failed to recognise these management failings, take action and give direction. As a result those shareholders will now be losing big time. I guess it is easy to be seduced by the arguments of jam tomorrow, but tomorrow never comes. I do not believe our fortunes will be much better under TXP, where there seems to be the similar miss alignment between management and shareholder interest. You only need to look at their bulletin boards to recognise a fairly familiar story. As I have said previously, I will sell down what is left of my holding on any short term share price rises. A painful and expensive lesson learned. Shares acquired and held in treasury under the ill-conceived Trinity of buyback scheme should now be sold and the proceeds distributed back to shareholders. Fat chance of this featuring as an AGM motion.
nafafa
24/5/2024
08:26
TRIN management are as atrocious as TXP management at shareholder communication.

You would think they would have mentioned the voting date for the takeover, maybe they don't know…even worse

che7win
24/5/2024
08:05
AGM on Monday 24 June 2024 at 11.00 in London
sleepy
24/5/2024
07:58
Very Something must be going on in the back ground Are they awaiting TT approval first ?
sirmark
24/5/2024
07:43
No mention of takeover in AGM documents, strange?
che7win
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