Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 10/11/2017 10:27

If oil stays where we are and our costs remain the same at 3000bopd we make $2m/month, justifies a MCAP over 4 times higher than here. Certinaly makes the prospects of paying back the outstanding debt early highly probable.

[mark10101] 10/11/2017 10:24

Totally agree, and into the 30’s with advancement into the 3000bopd range.

[shrewdmole] 10/11/2017 10:21

Mark

It's crazy really but I'm sure we will see a holdings Rns soon that will explain the recent action.

This should be 25-28p easily on current production.

S

[mark10101] 10/11/2017 09:47

Less than a month ago we were highly profitable at $50 WTI, this week alone with oil $7 higher has made us an extra $125k.... few companies on AIM at this valuation can make that claim.

[sleveen] 10/11/2017 09:15

SM

8.10am 76k now posted.

[mount teide] 10/11/2017 09:13

Shrew - early bird gets the worm - paid 18.09p for another 75K

[mo2550] 10/11/2017 09:11

Remarkable manipulated recovery :-)

[astorcourt] 10/11/2017 09:06

I will try a 55,555 top up to see if it shows up.

[mark10101] 10/11/2017 09:04

Interesting still painting the picture that we are down but rising nicely in reality.

[shrewdmole] 10/11/2017 08:58

No mate they were larger size than that.

[deeppockets] 10/11/2017 08:58

Have they said when the next update will be other than in November?

[astorcourt] 10/11/2017 08:58

there they are shrewdmole, showing as sells.

[mo2550] 10/11/2017 08:57

bid up - enticing ... good news soon ...

[shrewdmole] 10/11/2017 08:50

Not reporting all trades.

I've taken 2 decent chunks this morning around 17.8p and neither showing.

Also people keep saying we are profitable at sub $50 oil when in fact our break even is way way lower than that.

Must be a ruling some serious cash everyday at present.

[mark10101] 10/11/2017 08:16

Ooh games still up. 2p spread, UT at 8:15am, hopefully news soon.

[trotterstrading] 09/11/2017 22:39

The next update is going to be absolutely stellar!

[mark10101] 09/11/2017 20:33

Yes everything aligning nicely, I think we will be happy with TRINS position come Christmas.

[whiskeyinthejar] 09/11/2017 17:12

Mark, I think we should be well into the roaring 20s soon.

[mark10101] 09/11/2017 16:35

Thanks WITJ, the good thing is that is H1, oil should deliver us a higher average in H2 however given the Jun trough things get a lot more interesting next year if oil continues as it is.

[lw425] 09/11/2017 15:25

But impressed enough to buy some shares??

[whiskeyinthejar] 09/11/2017 15:17

Trinity E&P‏ @Trinity_PLC 52m52 minutes ago
Trinity Exploration highlights strong margins compared to other sectors #TRIN $TRIN



Trinity E&P‏ @Trinity_PLC 5h5 hours ago
Well received Trinity Exploration presentation at ShareSoc last night – audience impressed with strong margins and profitability #TRIN $TRIN @ShareSocUK

[mark10101] 09/11/2017 15:05

Maybe the ralley in WTI is not done yet.

[sleveen] 09/11/2017 10:17

TRIN & TXP ?


Bought TRIN yesterday.

[mount teide] 09/11/2017 10:15

Current market caps:-

Columbus (output 500 bopd).....£43 million
Trinity (output 2500 bopd).....£49 million
Touchstone (output 1,500 bopd).£15 million

Guess which two are cash flow positive below $50 oil?

[alibx11] 09/11/2017 08:49

I have it on my calender for 1200 hrs release so must have seen that somewhere.