Trinity Exploration & Pr... Share Discussion Threads

[aimmafia] 15/9/2017 15:06

I'm just confused at the amount of sells over the last few months..... you would of thought everyone would of run dry by now....

[oilandgas1] 15/9/2017 14:52

Highly unlikely that we will get a placing this year!

Added today at bargain price ( if the next few weeks go as I hope/ expect - should. E around 14-15p 😄)

[mark10101] 15/9/2017 14:33

I can not think of a logical reason for a placing as we don't need it and Bruce talked about conservative growth exploiting our excellent assets. But the market seems fixated with this 10p area, if it was just legacy selling I don't see why they would be so focused on this specific range. Also as has been said and demonstrated many times raising the price in TRIN massively increases volume which would allow them to clear.

[bones] 15/9/2017 14:21

To me it seems that there is an overhang of one or more legacy holders from the pre-suspension days. Without demand in volume, the MMs have no need to jack the price up. Let the old ones out at a low price and wait for a catalyst to get people buying.

I think the company still suffers from its recent history in the eyes of outsiders who have not looked at the re-financing that was good for TRIN. All they see is a company that nearly went under.

[che7win] 15/9/2017 14:14

They had $11.5m cash end of H1 plus another $4.5m coming for the West coast operations and you think they may want to do a share placing?

[mark10101] 15/9/2017 14:06

It is all I can think of as nothing else makes sense given TRINS progress and higher oil. This should be in the 15p range ready to launch off next weeks update. Today may be the last flush before they move things up next week, however it does seem around the 10p mark has significance.

[aimmafia] 15/9/2017 13:59

Possible placing?

[che7win] 15/9/2017 13:42

The 40k is mine, looking forward to the presentation, they must have something to say.Selling west cost operations will cut the break even price, higher margins, higher production, higher oil price...

[bones] 15/9/2017 13:34

Seems clear that, for a few weeks/months, there has been a regular unloader of 200k/300k blocks. TRIN needs a catalyst to get airborne!

[che7win] 15/9/2017 13:30

Oil goes one way, Trin share price the opposite?

[che7win] 15/9/2017 13:28

Nice to see the company reacting to record recent oil prices.

[muddy_40] 15/9/2017 12:21

Thanks Marvelman,

So opex is $32 so they are making good profit with POO at the moment..

[marvelman] 15/9/2017 12:13

Muddy

From the last update in August:-

[squiresquire] 15/9/2017 12:11

Run up coming next week i hope to results, they should be very good.

[muddy_40] 15/9/2017 12:06

What is the lifting costs here per bbls? Trin seem to have high production but low M/C

[marvelman] 15/9/2017 11:28

The disparity between Columbus's market cap (20 million) and TRIN (28 million) is becoming farcical. Perception it appears is a more valuable set of numbers than is reality....

[mark10101] 14/9/2017 15:33

Oil on the rampage and TRIN is earning more and more money by the day and yet here we are at the magic 10-11p range....

[mark10101] 13/9/2017 15:15

There is a fixation with 10.5p here. It is could be manipulation for a buy or we could be raising money at 10p. I doubt it would be one of the original 5p backers selling up I don't see why they would be so fixated at this particular level, they should have been selling on the way up to 18p and back down again.

[bones] 13/9/2017 14:37

Perhaps one of those giants on the east coast may spot some more cheap assets out there? :)

[spellbrook] 13/9/2017 09:21

Non TRIN news..but investment in Trinidad





IT’s a billion-dollar vote of confidence in Trinidad and Tobago’s energy future.
Royal Dutch Shell—Europe’s biggest energy company—is betting big on liquefied natural gas and offshore exploration and production here over the next three to four years.
It’s a series of investments so big, it will easily translate into billions of dollars expended to boost local and global gas demands, explains Derek Hudson, vice president of Shell Trinidad and Tobago.
Globally, Shell has made clear its outlook and plans for the next few decades, most recently to investors in London and New York.
Trinidad and Tobago, Hudson tells Express Business, is “extremely important” for the integrated natural gas strategy of the global Shell corporation.
“This is manifested in the year that I have been back here (Hudson returned to T&T in June 2016 following his assignment in Tanzania), by the company spending almost US$300 million for the gas resources of Centrica on the north coast, and also Chevron’s interests on the east coast. That is a reflection of how serious Shell is about Trinidad.”
Shell spent US$30 million on Centrica’s 17 per cent stake in the NCMA-1 block and 80 and 90 per cent, respectively in NCMA-4 and Block 22.
Shell’s acquisition of Chevron cost the Anglo-Dutch oil and gas giant US$250 million for blocks 6, 5a and E.

[spellbrook] 13/9/2017 08:48

All will be revealed,nice to know that they will both be on hand....


Trinity, the independent E&P company focused on Trinidad and Tobago announces that it will be hosting an investor presentation in London on Monday 25 September 2017.

Bruce Dingwall, Executive Chairman and Jeremy Bridglalsingh, Chief Financial Officer of the Company will present the operational and financial results for the half year ended 30 June 2017, as well as an overview of the Company and its plans for the future

[shrewdmole] 12/9/2017 11:45

Neither have I mate!!
Not sure how long they can delay them?

[mark10101] 12/9/2017 08:02

There was a big uncrossing trade at the end of the day, maybe Shrewdmoles purchases caught them out.