Trinity Exploration & Pr... Share Discussion Threads

[kaos3] 06/3/2018 08:51

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[mark10101] 06/3/2018 08:50

We need higher volume and as we have seen 100k sale yet again is enough to nip this move in the bud. Crazy people are so clumsy with their trades, either stupid or deliberate.....

However having said that I have a feeling today will play out differently to normal, with strength building in the day as those results are very very rare on AIM. No one has come up with a better oiler than TRIN yet, I may get shot down but happy to see another stock name posted in the interest of comparison.

[l j] 06/3/2018 08:34

I too disagree with your interpretation, Ross and question the likelihood of a placing given their clear intention regarding the CLN, Bones.

Perhaps this sentence from the Outlook paragraph has some bearing....

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.

Which appears to suggest that they think it unlikely that oil will revisit the '15/16 lows and that SPT WILL be changed....

[kaos3] 06/3/2018 08:24

mark - you forgot to mention - at this value (share price) imho.
under your criteria you are right I think - but there are close to shares which could be regarded cheaper, with better momentum.

but whatever - TRIN is supereb investment and I ADORE MANAGEMENT - they are braveenough to be boring and dull. Which they are not for sure. They are able and DISCIPLINED.

they still exist

[return_of_the_apeman] 06/3/2018 08:23

With increased oil price, could this generate more cash than its current mcap of £44m this year?

[bones] 06/3/2018 08:21

Exploring various options to pay off the CLN's suggests or implies to me two things:1. Paying it off in 2018 is priority;2. A placing or fund raise could be one option in the absence of a sale of the West Coast assets or farm-in of other assets.We will I suspect continue to play poker with the traders in this stock until the answer becomes clearer.

[chestnuts] 06/3/2018 08:21

mark

SQZ aim oiler

[mark10101] 06/3/2018 08:18

Kaos, it is a condition that the government debt has to be paid off before we pay down the CLN

Ross, nothing is certain in life and we need continued oil strength, but the intention is clear which was not spelt out to the market before. Meanwhile we should have made another $2.5m in profit since the end of the financial year.

[uapatel] 06/3/2018 08:16

rossannan,

The CLN is still a chunk of monies and as phowdo has just said being conservative is prudent, especially as its hard to predict where the oil price will be in a given month and impacts on income.

Still way things are going, does appear for the moment we will clear the CLN this year.

[mark10101] 06/3/2018 08:13

What a great set of results. Good clear communication regarding intention to pay off CLN’s. Solid projection for production this year and lots of options left for the management and government to deliver a jump in share holder value.

TRIN is well on the way to become a very special AIM oil share. I have posted this before but if anyone can post an AIM oiler with better assets, in a stable geographic location, solid production and that has higher EBITA then please post.

[marvelman] 06/3/2018 08:12

I don't agree with your interpretation Ross but the share price is in the hands of the traders for now anyway..lets see how lucky they are this time

[croasdalelfc] 06/3/2018 08:09

Have they also accounted for the hedge collar going forward?

[phowdo] 06/3/2018 08:08

They were nearly wiped out 18 months ago.
Hence being conservative in everything they do since...

[spellbrook] 06/3/2018 08:06

Rcp and workovers is their bread and butter before deciding on any drilling, it’s what they do best

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.

[kaos3] 06/3/2018 08:02

I find 2 interesting points - why paying government in advance? and - no offshore concessions plans whatsoever.

both is fine but ....

[marvelman] 06/3/2018 07:51

Yes indeed Kaos,that is the paragraph that answers ALL the questions and what a turnaround. Worth the wait for sure.

[uapatel] 06/3/2018 07:47

Great reading and very pleased with the debt reduction. Hopefully we might now see some upward momentum.

[spellbrook] 06/3/2018 07:43

Great work Bruce and the team.....

TRIn is just like Ronseal "Does exactly what it says on the tin”

[kaos3] 06/3/2018 07:40

"The Company's net debt position was significantly reduced to $0.1million (2016: $38.0 million). The net debt position includes the amounts owing to the BIR and MEEI, the face value (including accrued interest) of the Company's convertible loan note ("CLN") of US$7.0 million and other current assets and current liabilities"

they can pay CLNs whenever they want - am I correct?

[shrewdmole] 06/3/2018 07:35

Esmeralda

That's the key statement for me that cln M debt will be gone this year.

I also like the statement that even at drastically lower prices and no spt reform they can make it work.

They've left nothing for the doubters to question and a great detailed statement.

S

[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