Trinity Exploration & Pr... Share Discussion Threads

[aimmafia] 17/1/2017 22:51

18 years life at 2500 bopd?

[mark10101] 17/1/2017 22:27

Trinity is an independent oil and gas exploration and production company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. 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. The Company operates all of its nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2015 was 20.9 MMbbls (excluding the Guapo-1 license which was disposed of in April 2016). Group 2C contingent resources are estimated to be 19.8 MMbbls. The Group's overall 2P plus 2C volumes are therefore 40.7 MMbbls. Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.

[aimmafia] 17/1/2017 22:15

Yes for how long? What are the oil reserves?

[mark10101] 17/1/2017 22:05

TRIN has declined from 3600 when I invested in 2014 down to current level due to little investment. Now we are allowed to invest in the assets I would hope 3000 is the lower end of the target.

[aimmafia] 17/1/2017 21:57

No one seems to be able to to me how much life is left in the field

[mark10101] 17/1/2017 21:55

SQZ is certainly an interesting share but it is a one trick pony with offshore assets only. TRIN has more than half its production coming from onshore assets which they intend to maximise. This has a much lower breakeven than the offshore (TRIN has a lower breakeven then SQZ for our offshore also) makes us less vulnerable with our set up if we get oil declines. Not to say if I had any spare funds I would not be tempted with SQZ also have just refreshed my research on them.

[aimmafia] 17/1/2017 21:50

Can anyone please tell me the life expectancy of the oil field. How long can trin maintain 2500 - 3000 bopd. Thanks. Mafia

[maverick247] 17/1/2017 20:54

Why would this be 24m mcap when sqz producing more and 20m in bank?

[comedy] 17/1/2017 14:29

glenbo ive been in it years ago..traded it a bit last year...they did consolidate...and did i think 7 bag last year then fell back..but i think henderson have loans notes or something where they keep converting to shares they've sold...and i personally wont get in now as ive got my focus here and a list of about 5 to 6 stocks..low shares in issue/directors mean business/co. going somewhere...

problem with ast is theyve spent is it 10 years almost???we only have 1 life...so i wont get in...probably could move 50% to 100%??? but why risk going in to a muppet show???when we have guys who have brought us through tunnel..and actually put millions of their hard earned in and we have production...gl

[theblackbaron] 17/1/2017 14:06

Trinty looks to me 25p spot on when May opps come out with 3,000bopd

[glenbo1] 17/1/2017 12:05

ComedyWhat is your take on AST?Seems like a lot of potential there too.

[jungmana] 17/1/2017 11:08

I see 24p short term ( 1 to 2 months). Just need to make most of the opportunity presented now.

[jungmana] 17/1/2017 10:55

Thats what I have been banging on since last week. The likes of MATD £77m, RRL £35m , LGO £14m etc etc. Makes a mockery of us at £25m market cap now. A fairer value compared to any of the oilers listed would give us at least 24p (£75m market cap)

[glenbo1] 17/1/2017 09:59

Exactly Comedy.This is undervalued and also as I have said before the fundamentals are good plus the debt is sorted and directors buying shares too.Who knows what the mcap can achieve but with further drilling well over £100mIn my opinion.

[comedy] 17/1/2017 09:39

looks like maybe overhang gone???..and the buy order got limit price at 10pp???possible...i had to bite bullet yesterday and this morning to pay higher as had to balance didnt want to miss boat for sake of trying to buy in cheaper by 1p or 0.5p>>>>looks like others are realising same situation..doesnt look like sub 7p is going to happen...made mistake on matd to try to get sub 3.5p...and today its at 23p??:)

and im using matd share price as an indiactor where ours should be...as we have 2600 bopd per day...they have zilch!!!

[comedy] 17/1/2017 09:22

lol as im typing you can see the mm's at work..they need stock..and they dont want pi's to work out about to miss boat...hence slowly winding it up...see next friday will we be at 12p+???

[glenbo1] 17/1/2017 08:55

I agree.IRG are also a big punt but if they acquire a farm out partner that will rise and could 10 bag.What's your views on TRIN short and medium term?

[comedy] 17/1/2017 08:51

glenbo i intended to buy matd back on drfit back(aim to get 500k in shares)...and each time it just seemed to move higher...before i knew it 5p..then 8p...lol and now 20p...

this is being slowly wound up to get out last week buyers and pi's.. expect we will get some churn at 8p/9p..and some will have equalitis syndrome kicking in( ie i just want my money back)...i'm expecting by next friday 12p...and then it will satrt to move as the big boys start to hoover up the shares...i think 2017/2018 might go in to 2019...is going to be time to make life changing money in right oil stocks like 2006..when tullow took out hardman their jv partnet to take all the oil they had found.

o/t pvy has kicked off, missed it..but logp has 20% of asset...think pvr will take out logp to gain 100% of asset.

[glenbo1] 17/1/2017 08:33

Morning comedy.Good assessment and I too bailed on MATD but It looks like TRIN now have a stable business with good fundamentals.

[comedy] 17/1/2017 08:28

if id sat on my matd from last year..10 bagger in 3 months???

[comedy] 17/1/2017 08:27

well guys i dont think we are going to get our 6.5p or sub 7p again...i got some more last week at 6.9p but ddint load up thinking we may get some lower...but now need to think trying to save a penny(old maxim penny wise pound foolish?)...taken another 50k now..got shy of 250k. if others come in then will buy more..to me we are having a tug of war at moment..where big boys are wanting orders filled...and placees are wanting a set price...but dont think much left for placees to sell...so the limit orders for buying getting reset everyday to make small pi's cash in..before it starts to motor through 10p to 15p?? catch up later..thsi is now going to be watching paint dry until...one guy breaks ranks and bids higher to get his order filled??