Trinity Exploration & Pr... Share Discussion Threads

[ny boy] 03/10/2017 16:37

Strong close, the action starts once we break earlier year highs. GL

[mark10101] 03/10/2017 16:37

The graph is a thing of beauty.

[squiresquire] 03/10/2017 16:36

This is great news, no wonder Angus Winther, Non-Executive Director and Menzies have been gobbling up the shares in the last week or so. Knocking on for a million.

[ny boy] 03/10/2017 16:36

Arab3. You're feeding plenty off my tips, I've seen you loitering lol

[woodpeckers] 03/10/2017 16:35

Nice finish! :-)

[lw425] 03/10/2017 16:29

20P+ by Friday would not surprise me now.

About time TRIN is correctly valued.

[mo2550] 03/10/2017 16:29

Bid 15.51:-)

[astorcourt] 03/10/2017 16:28

auction started 5 mins early

[mark10101] 03/10/2017 16:16

Shrewdmole, yes seems to have quickened up their pace of buying now.

[ny boy] 03/10/2017 16:13

Ironleg, take this to your own thread!

We're only interested in TRIN here

[lw425] 03/10/2017 16:12

Last chance to build meaningful positions sub 18p before the market catches on and it rerates to 25p - 35p range

[shrewdmole] 03/10/2017 16:09

Mark

It has.

We have some serious buying going on in the background 100k and 200k constantly on the bid.

They seem in a hurry now which is the difference.

S

[pineapple1] 03/10/2017 16:08

We,re catching UKOG up now m/cap wise......lol

[spellbrook] 03/10/2017 16:08

potentially a very BIG bonus to add to the growing story...

[mark10101] 03/10/2017 16:00

A well thought through tax review is better than a rushed one. With GAS included and being what the Majors (Shell, BP, BHP) are targeting in T&T they can take the pressure of oil and also perhaps even incentivise companies like TRIN to grow oil production to such an extent that oil revenues would not drop either. Could be a win win approach, always the best :-)

Seems the market has not seen the significant of this RNS yet.

[mark10101] 03/10/2017 15:53

Spot on Wingspan, It was a real incentive for me holding all the way through the recent slump, that this news and other was on the way. like you say a well thought through tax reform is better than a rushed one.

[wingspan] 03/10/2017 15:42

Mark, this is a really interesting piece of news...

I think that the likelihood of an SPT overhaul just jumped from 20% to 90%...

Politically, just overhauling the Oil side lower (while gas is not taxed at all) would have met with dismay given T&T fiscal situation (and was therefore less likely to happen).

The fact that Nat Gas currently has no SPT means that applying an SPT there while reducing burden on Oil is a fairer system for all participants in the T&T energy scene while also of HUGE benefit to T&T given its status as a Nat Gas producer...

For us with interest in Oil, it ameliorates a political backlash and the likelihood of it happening goes up!

Great news!!

[trotterstrading] 03/10/2017 15:39

Fantastic, a long time coming but will be worth the wait!

[ny boy] 03/10/2017 15:34

Brilliant, dip buying in full force onwards to break to fresh highs

[lw425] 03/10/2017 15:28

Indeed and the additional two rigs to be deployed is a good indicator of where production and profits are heading.

TRIN is the cheapest profitable oiler on the London Stock Exhange.

Should be mid 20's now...... today.

[mark10101] 03/10/2017 15:19

I think the governments delay has held the company back from moving as fast forward as they planned and was one of the reasons for the doldrums over the summer. With clarity the company are clearly primed to pounce on the opportunities the new reigime presents. Nice to see the company release a statement to raise awareness of the implication of these changes.

[lw425] 03/10/2017 15:18

TRIN must be really confident to make a statement via RNS.