Trinity Exploration & Pr... Share Discussion Threads

[squiresquire] 21/9/2017 10:26

I really think the market needs to be re assured, after the very good Operating report last time, that the headway TRIN is making is consistent, Malcy coudnt be more bullish on TRIN saying its a steal at this price. In his last VOX interview it was also pointed out that TRIN was consolidating nicely at this 10.5-11.5 level, just wait for Monday when the production figures will have the story beyond any doubt. Then it is away, Malcy reckons at 11p its worth some 3 times more at least!!

[the big fella] 21/9/2017 07:53

A little frustrating but play the long game and hopefully we will reap the rewards

[talkman2] 21/9/2017 07:51

Strange this is not moving . Very low market cap given the current production. Surely a re-rate will happen soon .

[shrewdmole] 21/9/2017 07:50

I can't believe there isn't more buying before Monday's update.

If I had spare funds I'd be loading up at this level.

[mark10101] 20/9/2017 16:45

WTI broken out by the looks of it. Let's hope for a bit of tail wind from WTI going forward.

[marvelman] 19/9/2017 15:45

I never thought they could come back from the mess they were in Squire and it would be churlish to blame the bod for so much that was not in their direct control. For the bod to have convinced knowledgeable entities that the best option would be to lend them more was certainly a testament to the bod and a confirmation of their tenacity when dealing with what looked like a pointless fight for survival. I am sure I am not alone in feeling frustrated by the bottoming of the share price due to what seems to be a seller with a never ending supply of stock. But yes, the 25th will surely set the market straight...regards.

[squiresquire] 19/9/2017 15:33

marvel

I think the RNS on Monday is going to let the market know what is gong on. To be fair TRIN has had a long haul back from three years ago, its done incredibly well and all strength to BOD for that. Malcy has for long been a supporter of the stock, just go through his comments, this RNS will be able to show figures far more definite due to the length of time now TRIN has been producing. It really has a decent maturity mounting up and daily figures, monthly take and re-generation work in its wells will all go to show the way its coming along, should be really good as the last RNS was very clear that the BOD were very happy with progress. Their close relationship with the Trini govt will also be evident as they are still dealing with them on licences etc.

[marvelman] 19/9/2017 14:38

Columbus market cap now £23 million versus TRIN market cap £30 million. Columbus, with "ambitions" to grow in South America produces 400 bopd versus TRIN producing 2,500 bopd. Both have CLN obligations with Columbus having recently "re-negotiated" theirs. It would seem that perception from investors and bold statements from the Columbus board have triumphed over reality....but for how long.

[uapatel] 18/9/2017 13:23

Ahh there it is..."while achieving a market value that is more reflective of our underlying assets."

Would be nice if they can do this soon than later. Hopefully the presentations planned are part of the plan.

[spellbrook] 18/9/2017 13:01

Hopefully the seller is finished and results and update on 25th we can build and move forward

"Trinity has a clear strategic focus going forward, which is to grow our reserves and production to maximise the cash flow from our core assets while achieving a market value that is more reflective of our underlying assets.

[squiresquire] 18/9/2017 09:25

Results on the 25th. This from last Operational outlook,

Outlook

The success of the RCP programme to date and the identification of more locations from a targeted screening effort has allowed Trinity to prioritise these lower cost/quicker payback opportunities. As a result, an additional rig has been contracted to execute an enlarged RCP programme. In parallel, workovers have been accelerated, swabbing increased and more re-activations will be undertaken.

The H2 2017 focus is on the delivery of production growth from the parallel activity sets described above and in the AGM statement dated 23 June 2017. These activities should enable production guidance (2,600 bopd - 2,800 bopd annual average for 2017) to be achieved from this lower cost yet higher economic activity set.

The new infill targets are drill ready with work continuing on expanding the drilling options technically as well as completing the supply chain and the regulatory approval process. H2 will also see continued focus on planned key infrastructure projects to support and sustain production growth. These combined activities provide scope to grow production from current levels to a target run-rate of approximately 3,000 bopd within 12 months.

Simultaneously, work continues on maturing development plans to deliver a further, more material, step-change in production in the medium term. This includes sub surface and engineering activities on the Trintes Field and the Galeota Ridge development including the TGAL area.

Given the combination of strong cash balances and operating cash generation the Board remains confident in the Company's ability to grow production levels whilst rapidly paying down remaining debts. Looking ahead beyond 2017 the Company will continue to grow production and development opportunities both onshore and offshore with the aim of achieving a further material step-change in production in the medium term.

Notice of Results

The Company intends to announce full interim period results for the six-month period ended 30 June 2017 on Monday 25 September 2017.

Bruce Dingwall, CBE, Executive Chairman of Trinity, commented:

"Trinity has a clear strategic focus going forward, which is to grow our reserves and production to maximise the cash flow from our core assets while achieving a market value that is more reflective of our underlying assets. This will be delivered through financial discipline, the efficient deployment of capital and by delivering on the potential of our diverse and deep portfolio of low-cost production and development assets.

"I must thank all our staff and stakeholders for their hard work and support through this period of significant operational preparation and activity.

"We look forward with confidence and will provide a further update alongside our interim results."

[bones] 16/9/2017 11:45

Wwick, fact is lumps of 100k to 300k are still exiting. Either these are legacies selling or recent traders/placees that have lost patience.Until we get a catalyst to move forward, these people can exit at a low price, and that is good. Get the fresh blood in to support the bull case.

[wwick] 15/9/2017 21:13

Roughly 30% of the stock is traded per month and so if long term holders were, as hypothesized, finding an exit they are long since gone.

[aimmafia] 15/9/2017 19:08

It's like more shares have been sold than are actually in circulation....

[squiresquire] 15/9/2017 17:11

Try the results on the 25th, that should do the job, there is no reason at all to suppose they have not got their targets. I honestly think that 90% of anyone looking at TRIN at the moment are put off by the Hurricanes, they just dont get Trinidad geographically. I got some today, it was seeming too cheap at below 10p.

[bones] 15/9/2017 15:50

I agree Aim. As I say, give the people a catalyst, an announcement of something specific and good, and the spring will uncoil?

[aimmafia] 15/9/2017 15:45

Bones I get that.... all I'm saying is how many sells can actually be left..... people will had to have run dry eventually.

[bones] 15/9/2017 15:39

We just need a catalyst. Maybe some info on Monday 25th presentation?

[kaos3] 15/9/2017 15:29

I thought it was a placing - but no. It would be done already. Price driven down to 10p and then - placing. But no. And there is also no need for one.

[bones] 15/9/2017 15:26

Mark and Aim, there is a lot of legacy in this baby! Some people just want out when there is no action especially after waiting in suspension for 6 months. This includes investment funds and institutions. I have seen several stocks where the funds are simply jettisoning their small caps as a hedge against possible market turbulence. This is not a reflection on the merits of each company.

[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.