Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 23/11/2017 08:35

AT at 15p, looks like MM fishing for stop losses to me as those that bought in the 19’s May have set that for safety.

[mark10101] 23/11/2017 08:15

Looks like you did well Ross.

[mark10101] 23/11/2017 08:10

I think there will be quite a few who see 15.3p as a rare chance. 10 peoples traded so far...

[mark10101] 23/11/2017 07:53

JemJem, exactly I remember on balance being pleased about the sale, but at time of the news we were in the 12p range and it did nothing for the share price, in fact we fell further, which was a frustration. As normal with TRIN I am sure the market will initially take more interest in it not going through... Not a reason to sell and as some say the market responds is hard to call with TRIN as it was when it was anounced.

With oil at $58 they will be nicely profitable now and we don’t take a hit on production at the end of the year so not a disaster, but as some point out after the presentation I suspect some will wellcome a lower entry point.

[blueshoes7] 23/11/2017 07:43

Very positive.

[mdw1] 23/11/2017 07:43

The asset will be sold for more with oil @ 58 dollars and rising; positive for Trin.

[blueshoes7] 23/11/2017 07:39

sleveen a matter of opinion and how you view it. You say not, i say it is. Who is correct?

Assett still there, production still there, oil price rising, asset price rising, regulators do not, not like the asset being transferred/SOLD.

They did not like the potential buyers. Big difference.

[phowdo] 23/11/2017 07:38

The RNS makes clear there were other parties bidding for the asset.
Will they still be interested now PoO is 20% higher?

[sleveen] 23/11/2017 07:34

Blueshoes7...today's announcement isn't particularly good, to say the least...but it's not disasterous.

[sleveen] 23/11/2017 07:29

Spot on with TRIN's RNS today, though I thought the deal wouldn't go thru' because of RRL being sh*t.

sleveen
4 Nov '17 - 11:41 - 402 of 499 0 0 Edit
Which makes me wonder if TRIN will receive the $4m from RRL by December


marvelman
4 Nov '17 - 11:56 - 403 of 499 1 0
"Under the terms of the Transaction, Range has agreed to deposit the full consideration of US$4.55 million into escrow to be released on completion"....only delay might be T & T bureaucracy if that was what you meant Sleveen.


Turns out it's because RRL are sh*t and the T&T bureaucracy know it.

"...The regulators were unable to gain sufficient comfort on the transfer of ownership and operatorship, and therefore have not approved the assignment. Without regulatory approvals the sale of the West Coast Assets to Range will not complete, and the deposit of US$4.55 million, currently held in escrow, is expected to be released to Range under the terms of the SPA and related escrow agreement...

[phowdo] 23/11/2017 07:27

Sale was announced on Aug 11th and the shareprice hardly moved, in fact it went down a bit afterwards.

[jemjem] 23/11/2017 07:26

WTI was $48 on the date the sale was announced. Today it is $58. I would think the value of the asset has increased and Range will be more upset by this news.Imo

[blueshoes7] 23/11/2017 07:25

I can't see it as negative. Sale will go forward with another party, till then production kept and 3000 bopd not far away.

Nothing lost, indeed an accumulating in value asset kept. oil prices rising = asset prices rising, for future distribution. Till then keep the asset and sell its production. We will see at close what the Market thinks.

[kaos3] 23/11/2017 07:22

B7 - intimately I even agree but

you are telling me - sale announced market happy - share price up
sale cancelled - market happy - share price up

and that is why I consider myself stupid for the past several years as I can not understand mr Market who is right - allways

[fsawatcher] 23/11/2017 07:21

i fink a placin now very much on cards

that $4.5m woz gonna help drill a big well in 2018

they want to drill the big target resources

they got the bread and butters sandwich sorted but fatten that up to a 3k doorstopper

but the filling a bit weak , all bread and bit of egg and cress inside

placin give them some meat to put in sandwich and make shareholder happy when drillin the biggin's

i fink 13p placin look bout rite

[onedayrodders] 23/11/2017 07:21

deluded ... there is no way on earth that news will be deemed as "good" today

[blueshoes7] 23/11/2017 07:17

Kaos the reverse i suspect will be the case. Ie 20p plus..

[blueshoes7] 23/11/2017 07:16

Good news...Keep the production and sell to a more reliable buyer in the near future. 3000 BOP on its way. Nice update.

[kaos3] 23/11/2017 07:15

stating no real reason is not good. I am eating my hat 15 p Will come it looks

[jungmana] 23/11/2017 07:14

Range are not fit to operate the west coast assets. The regulators not happy with them.