Trinity Exploration & Pr... Share Discussion Threads

[uapatel] 14/8/2017 18:28

Thanks for the link, Kepner and wwick.

Was nice to hear him restate that this is a business and they have skin the game. So running a tight profitable ship going forward is verymuch the order of the day.

[mark10101] 14/8/2017 18:16

An up day on Monday.... Maybe a good omen.

[mark10101] 14/8/2017 13:50

Thanks Kepner

[kepner] 14/8/2017 13:04

Starts after approx 14mins

[mark10101] 14/8/2017 12:24

A Malcy tweet

"Malcolm Graham-Wood @mgrahamwood
Just done my Monday Voxmarkets Podcast on JOG, TRIN and RRL. Hear that Bruce Dingwall is next on....."

[jungmana] 14/8/2017 11:29

He covers not here covers edit

[jungmana] 14/8/2017 11:28

About 2 years back I listened to malcy and he made clear that he does not take any payment for the stocks here covers. These are just his own investment choices and folks should research as always.

[odvod] 14/8/2017 11:21

clear downtrend channel still persisting

[kepner] 14/8/2017 10:43

Posted om LSE :

Bruce on v o x podcast today according to Malcy on twitter just now

Malcy also covering Trin in podcast

[spellbrook] 13/8/2017 10:34

Time to sit tight costs are cut, cash in the bank, work with what we have and see where WTI heads....


Trinity Exploration & Production PLC (LON:TRIN) announced on Friday that it has agreed to sell a block of producing assets in Trinidad to its neighbour Range Resources PLC (LON:RRL).

The assets are offshore the west coast of the island and will release capital to invest in the company’s operations on the other side of Trinidad, Trinity said.


Range is paying US$4.55mln for the assets, which are in the Brighton Marine/Point Ligoure-Guapo Bay licence areas.

Earlier in the week, Range had also unveiled a move in a new direction, with the acquisition of an interest in oil and gas assets in Indonesia announced on Tuesday.

In a deal worth US$3.2mln, paid out of existing cash resources, the company said it is acquiring an initial 23% stake in the Perlak field which is said to have a long history of oil production - with some 60mln barrels produced to date – albeit it is presently offline.

Meanwhile, on Wednesday, Trinity had told its investors that it has seen a step-change in its financial performance in the first half, delivered during a period of transition.

In an operational update ahead of interim results, due on September 25, the company said that it continued the upward trajectory in production into the second half.

Overall, for the six months to June 30, Trinity said net production averaged 2,397 barrels of oil per day, compared to 2,659 bopd in same period of last year, while realised prices were reported at US$46.4 per barrel up from US$32.8 in the previous year.

[mark10101] 12/8/2017 14:46

I hope so, like most theories I am hoping that one is way off the mark. One other is raising more money at 10.5p level as the seller seems comfortable at anything over that level. There is no reason I can think of for them to raise money, but the unnatural fall in the share price could be explained by that?

[mark10101] 12/8/2017 12:23

Ross my fear is we are being set up (suppressed share price) for a low offer in the 20's as you say TRIN will be a beautifully packaged preseant at that price. £60m MCAP generating $15-20m profit with $217m tax loss pool. Plus all the potential upside growth in the coming years. I would take TRIN private if I had the funds not the sort of share that should be languishing on AIM.

[sleveen] 11/8/2017 17:43

Probably need the interims before the share price moves higher. IMV.

[kaos3] 11/8/2017 17:30

there are few good oilers very cheap. (trin,sdx,hur...)

sentiment must change. all above have cash, 2 production. still waiting. gold is a signal for oil (sometimes). and gold is doing ok. they tend to correlate

[esmerelda] 11/8/2017 17:09

I agree with both of you, WITJ and AM. My watch list is a sea of red so I guess there are other things, like nukes, affecting sentiment today.

[aimmafia] 11/8/2017 16:31

I am beyond words that this didn't send the price up at least 10%