Trinity Exploration & Pr... Share Discussion Threads

[esmerelda] 06/3/2018 07:32

Wow, there it is in print - confirmation that the CLNs (and Trinidad government debt) WILL be paid off this year. The final results in May will make for good detailed reading but in the meantime we can enjoy this.

[dunderheed] 06/3/2018 07:30

Yep certainly looks good. Best of luck all!

[ny boy] 06/3/2018 07:20

Huge drop in debt, virtually debt free! Great story going forward with higher oil prices, must be due a rerating soon, the share price is far too low imho

[mesquida] 06/3/2018 07:16

A very thorough statement brimful of all the details that posters here have asked about over the past few months. Cannot believe that anybody could be disappointed with this statement.

[deeppockets] 06/3/2018 07:11

Everything positive. Production growing, debt dropping and CLN disappears this year. Surely re-rating should start now.

[markth126] 06/3/2018 07:10

That reads well I believe

[l j] 06/3/2018 07:09

It's Here.....


Outlook

The current year has started positively with production in January rising to 2,811 bopd. The Company aims to at least maintain this level of production during 2018 and is targeting a range of 2,800 - 3,000 bopd for the current year. The Company is planning to implement a further 14 RCPs and 93 workovers/reactivations this year, to continue to invest in the Company's infrastructure and to resume onshore drilling with two new infill wells targeted for H1 2018. The Company is confident that this plan can be delivered under the current fiscal regime, and is refining the pipeline of other well locations for drilling later in the year (contingent on the oil price and clarity regarding the future fiscal regime). The Company's low consolidated operating breakeven (US$30.9/bbl) and the hedging programme which has been implemented in 2017 gives confidence that these growth and investment plans could be delivered even if the oil price declined dramatically to its 2015/16 lows and/or if the current SPT regime remains in place.

[whiskeyinthejar] 05/3/2018 16:21

MMs widen the spread to discourage buying. They want your shares.

[shrewdmole] 05/3/2018 15:46

Dunder

It doesn't it's being held with a wide spread so they are playing with it.

Same amounts dropped on both sides often.

Someone wants it at this level for a reason.

S

[dunderheed] 05/3/2018 13:45

Blimey keeps on dropping this.
Strange but hopefully will get redressed soon?

[glennborthwick] 05/3/2018 07:16

I'd imagine early March means news this week.

[whiskeyinthejar] 01/3/2018 16:32

Everything with oil companies seems to take longer than expected. Like Ithacas Stella project was delayed by two years. It's one of reasons I avoid loss making companies.

[bones] 01/3/2018 14:43

I wish BP T&T (or similar big player in T&T) would just jump in and take us out for 50p. That way I can cash in and no longer be frustrated as I watch other stocks I would like to increase positions in go up on a regular basis!Come on, TRIN board, get those final results and ops update out please :)

[chestnuts] 01/3/2018 09:49

If you look at the pattern trin as had since Octo 10th it looks very much like a flat any three and a triangle


hxxps://bullwaves.org/wp-content/uploads/2017/02/combination-correction.jpg

[mark10101] 01/3/2018 08:56

$62 WTI average for February, not too shabby.

[glennborthwick] 01/3/2018 08:28

would like to buy more ahead of statement but spread wide at the moment

[mark10101] 28/2/2018 19:41

SM, I agree and was not advocating complication, but with oil helping us nicely the management may finally feel they can look beyond the government debt and CLN. Plan for the future and continue dealing with the debt in the accelerated way as they are. I wonder if we will get the financials this week, hopefully will make good reading when they come.

[kaos3] 28/2/2018 19:33

2 wedges - last one almost finished

I like it boring and low to no risk and very profitable.

[shrewdmole] 28/2/2018 18:54

Mark

I like to keep it simple.

Let's just get the debt paid and cln paid then take stock of where the oil price is and if we are throwing off $1.5-2m per month bank the cash for a few months.

No rush for galeota ridge but id like to see a farm in with them paying the costs so we stick to zero risk money production on shore.

Very nice position to be in and with the tax loss racked up no corporation tax for a few years yet.

The market will click on soon.

Sm

[mark10101] 28/2/2018 18:43

WITJ, we have so many options, really looking forward to seeing how the management team plan to exploit them this year. 2018 should be transformatinal for TRIN.

[whiskeyinthejar] 28/2/2018 16:38

I remember Bruce talking about that deal in presentation. And the Galeota BPTT refinery is a stones throw away. I bet BPTT would like some lovely oil from Galeota. It sounds like an ice cream. Gelato.

Oil companies are sitting on a bit more cash now. So might see more M&A deals. The sector could do with a boost.

[spellbrook] 28/2/2018 15:35

Dated 2016..Close to Galeota , farmout, buy out, joint venture possibilities

[nafafa] 27/2/2018 13:49

Shucks, just missed the day's low but pretty happy with my re-stock at 15.65p