Trinity Exploration & Pr... Share Discussion Threads

[l j] 24/1/2018 08:10

Sorry - IG charts are a bit rubbish.
I really must sort out my old blue username(!!)

[phowdo] 24/1/2018 07:17

No gap on my chart. That chart above clearly has several days ranges wrong.
Probably having the problem many data providers had where only AT trades were being included.

[langland] 23/1/2018 23:12

Gaps aren't arrived from closes but from the day's range. 2 Jan range 14.50 to 14.85. 3 Jan range 14.90 to 15.90. Since Trin is quoted in increments of 05, there is no gap.
QED.

[mark10101] 23/1/2018 22:47

Gap or no gap I hope the market makers maintain their generosity.

[l j] 23/1/2018 22:33

You'll get no argument from me Langland - Just answering a comment from Mark......

mark1010123 Jan '18 - 20:33 - 5529 of 5530
Absolutely, hopefully more games with price tomorrow. Someone on LSE says 14.5p gap to close, I could not find it myself but we are nicely poised to test it tomorrow.

[langland] 23/1/2018 22:25

There is no gap. It's a figment of someones's imagination.

[l j] 23/1/2018 22:00

Hope this works - it's been a few years......

14.5p Gap as mentioned by Weissy on LSE

I can't remember how to post an html image so here's the url.....

www.mediafire.com/view/he3c3khxzbdrc65/Trinity_Gap_%40_14.5p_2_to_3_Jan_2018.JPG

[mark10101] 23/1/2018 21:45

API reported a build of 4.7m, normal for this time of year and so far oil has held onto most of today’s gains.

[mark10101] 23/1/2018 20:33

Absolutely, hopefully more games with price tomorrow. Someone on LSE says 14.5p gap to close, I could not find it myself but we are nicely poised to test it tomorrow. I will be waiting as I think the current price is even better value than when I grabbed some at 7p this time last year and the last purchase I made. With oil where it is we should be at 25P plus already. I was always told the Market is forward looking..... With oil above $70 I think a forward looking market would need us at 50p.

[oilandgas1] 23/1/2018 19:51

Even before end of Q1 within 8 weeks , since debt was 9.7m in jun17, assuming some paid down , cash v debt will be in the range of (12.5m as at sep17) 20m+ v <9.6m with FCF every month piling up 😎, this will rerate! (Towards 30p)

[oilandgas1] 23/1/2018 19:41

At 2754bopd and Break even = 18$ onshore & 30$pb offshore

WTI at 64$ then TRIN brings in revenue of $5,376,000 every month!

But profit of $3.3m pcm before tax

Production: onshore (1480bopd) & offshore (1274bopd)

[mark10101] 23/1/2018 16:08

Brent looks to be breaking out to a new high.

[sleveen] 23/1/2018 16:06

Bought 35k shares, 20 mins ago, a bargain at this price.

[mark10101] 23/1/2018 15:52

The value is here, I am watching closely as I will be buying for the first time since we relisted a year ago, represents even better value than at 7p at this level.

[marvelman] 23/1/2018 15:49

Wish this seller would realise that...very frustrating.

[mark10101] 23/1/2018 15:47

Oil looking strong, hopefully with supportive data this week we push on up to $68. Every $ rise from home brings in an exrtra $1m per year in revenue.

[mark10101] 23/1/2018 14:56

Absolutely, with management being significant share holders removing any ambiguity sets us up for a great 2018 which they will enjoy as well. Once debt is paid down we could do relatively low impact drilling at the rate of 2 a month from profit, bringing on 2-300bopd extra a month, nice.

[mark10101] 23/1/2018 11:58

Oil still around $64.

At 2800bopd TRIN brings in revenue of $5,376,000 every month! With $30 break even and 22% SPT puts us around $1,885,000 profit per month.

Please check these numbers but it looks like oil is giving us a real chance to close down all debt very promptly, let’s hope spring brings us good news re progress.

[shrewdmole] 22/1/2018 16:50

I believe today's bounce is due to lw closing his short!

No really it's being played with to suit whoever is accumulating, try a few splintered buys and the offer capitulates....

[mark10101] 22/1/2018 16:26

Oil above $64 again. TRIN spiking, I wonder if there is news from the conference?

[whiskeyinthejar] 22/1/2018 14:57

Yeah the Saudis always said that it was never about defeating shale. I doubt many Americans believed them, but they said the market will decide the price; what they want to do is take out the troughs and gluts so that the oil price is stable.

But if oil price is to be stable in long term, it needs to be relatively high to encourage investment in new supply. We tend to think of production as supply, but inventory is supply too.