Trinity Exploration & Pr... Share Discussion Threads

[che7win] 25/10/2017 08:01

Whiskey, I own both companies, I agree there shouldn't be competition on which is best, they each have their own good and bad points.

[spellbrook] 25/10/2017 07:31

As we await the November update, shall we all try and predict the bopd....I go for 2850

[whiskeyinthejar] 24/10/2017 23:42

No need to apologise of course!

I think it's also a mistake to just compare booked 2P reserves. You can start with that, but all these screening tools fail. eg I understand TGAL only waits approval of an economic plan by the Trinity Board to convert it from 2C to 2P. Suddenly Trin would double it's 2P.

But I don't think Trin and Txp should be a competing for shareholder interest. Both should get interest at the conference next week. In fact, Trinity should be trying to bring in value investors who wouldn't normally invest in oil.

Anyway, more big draws predicted by api again tonight. Oil stocks seems to be on a downward trend. Roll on November.

[whiskeyinthejar] 24/10/2017 19:23

One key difference with Trinity is that Trinity is growing production without the need to drill. Production is rising and it's targetting 3000 bopd this year with no drilling.

Look at TXP production. The orange bit is recompletions. Production from newly drilled wells is dark green. Without drilling, their production now would be lower than at the beginning of the year.



Drilling development wells is low risk. Because you know the oil is there. It's not like exploration where you maybe have a 1 in 10 chance of finding oil. But its a big cost when you're loss making and you can't do it when it's wet.

[deeppockets] 24/10/2017 19:10

Just passing on the views of someone who knows more than I do.

[wingspan] 24/10/2017 18:07

Then why bother with a management incentive plan...

[wwick] 24/10/2017 17:53

Hilarious Deeppockets. 1 utter tosh. 2 veiled cross-ramp.

[deeppockets] 24/10/2017 17:47

Spoke to a friend who lives in Trinidad and knows the sector. They prefer TXP to Trin, although agrees both are good prospects, but 1 reason is that Trin management have no great incentive to make money for shareholders as they have made their monety already (Venture selling to Centrica) whereas TXP management are heavily invested, mostly at much higher than current price, so need it to succeed for their personal wealth creation.

[uapatel] 24/10/2017 16:41

Great to see that UT finish. Hope that is the holding/consolidation phase coming to an end and we can rise in the weeks to come.

[squiresquire] 24/10/2017 16:36

I believe so too, i think this may have been the last pullback before rising further, maybe one more, but the November update is looming and pretty closely too, in it we will hear about the production rates. Given the sheer volume of workload they have been getting through the numbers may well be closing in on the 3000 barrel target for daily production. If so its going to shift. Reading the last update its easy to see they were improving their production and work rates at a truly impressive rate, so good luck to us all!

[mark10101] 24/10/2017 16:36

Certainly with that 19.5 UT finish.

[che7win] 24/10/2017 16:29

mark,
the chart looks eager to rise IMHO.

[mark10101] 24/10/2017 16:27

Does not look like selling pressure although I know somone personally who has sold out completely. Bound to be others taking profits but I think there is somone happy to take them as otherwise we would be back at 15p. I am yet to sell a single share, so much news to come.

This is from TRINS entry to next weeks oil and gas conference, not what many oil companies can say.




“What do you see as the key risks and challenges your company facing at the moment and how are you overcoming these?

The oil price remains the main factor as far as profitability but Company has established itself as a low cost operator and as such will still be economic at prices below $30/bbl.”

[marvelman] 24/10/2017 15:42

Agree Mark...sell orders by the look of it...but a lot better managed than those that got us down to 8p ..sorry I mean 10p

[mark10101] 24/10/2017 12:06

Looks to be to me and it seems as if some orders are being worked through atm. It is the end of the week they start our promotional conferences so some positions likely being taken.

[uapatel] 24/10/2017 11:49

Well, is that the gap closed then?

[mark10101] 23/10/2017 09:29

Someone mentioned a small gap to fill on the chart around 18.5, looks possible today but like most of these technicals once satisfied a strong reversal should come and that may be what we need to get into the 20’s. With the chart looking as strong as it is it looks itching to make progress.

[mark10101] 21/10/2017 10:06

They are taking good PR advice and can see the tail end of the year being quite exciting for TRIN so long as the wider market does not collapse or oil take another plunge.....

[spellbrook] 21/10/2017 09:49

Im hoping for an increase to 2850 bopd in the November update

Bruce A. I. Dingwall CBE, Executive Chairman of Trinity, commented:

“This could prove to be an extremely important change for the Company in terms of bottom line economics and Company valuation. The Government is aligned with Trinity in seeking to increase oil production and once the terms of the changes to SPT are clear we will then be in a position to quantify what the effect on the Company will be.

“On the face of it this announcement looks like good news and we continue to work hard on building on the strong first half and look forward to updating the market further in due course.”

[woodpeckers] 21/10/2017 08:21

Lol! Is my maths wrong? WTI at 52 - 7 =45....Brent at 57.5 - 12 = 45.5

[woodpeckers] 21/10/2017 08:18

Which on price 'translation' is the same as Brent - 12%, so it sounds as though they are getting the same deal.

[che7win] 21/10/2017 08:18

Thanks Mark,
Which means they get less than their competitor in that case