Trinity Exploration & Pr... Share Discussion Threads

[lady jennifer] 15/3/2018 09:49

Greetings Ladies & Gentlemen

[l j] 15/3/2018 09:47

O/T

Just a courtesy call to let you know that I am "changing my name" to pick up my old premium account again.

Traditionally I am known as Lady Jennifer - hence the LJ short form.

Not standing on formality I am happy for any (polite) version of my "name" to be used with the exception of "Jen", "Jenni" or "Jenny" etc.

[whiskeyinthejar] 15/3/2018 09:47

I'll try to listen to all of it today Mark. But I'm actually in dentist waiting room just now. All I can hear just now is the purr of his black and decker.;)


But what I hope is that this is their little PR exercise on energy just before they announce energy policy. Just like the last one they had on the economy was a prelude to the budget.

I always hope though, I never expect.

[mark10101] 15/3/2018 08:45

WITJ it is 5 hrs if you listen to both, let us know if pick up on anything interesting outside of the moaning I listened to. No news articles about or RNS this morning so guessing not much. Although TRIN is looking perkier today. Maybe it was just a big sell they were clearing.

[whiskeyinthejar] 15/3/2018 08:44

To be fair, the government always make the point that oil is an expensive business and oil companies deserve to make a good profit as well as the state having a right charge oil companies "rent". Seems reasonable imho.

The problem I see is that there's always talk, reviews and reports, but when it comes to any plans I struggle to work out where they are going.

The property tax is a shambles. There was a waiver on property tax up to 2015. So that was just allowed to lapse, but nothing was put in place to say what comes next. That's why Trinity said in RNS they've put an accrual for property taxes for 2016 and 2017 of US$1.4 million on the balance sheet. Trinity say " this accrual may be reversed in H1 2018 if the bill currently before parliament waiving the property tax obligation for 2016 and 2017 is passed. "

So we have to wait see what goes through parliament now to establish what Trinitys property tax liability was last year and year before!

It seems to me, that the reason they get years behind where they should be is because of bureaucracy and windbag politics.

[mark10101] 15/3/2018 07:52

So lots of winging and moaning about lack of tax collection yet we still have no news Laying out their new regime.

[whiskeyinthejar] 15/3/2018 07:13

"Spotlight On Energy: Our Oil. Our Gas. Our Future "
- Part 1

- Part 2


Am listening now. Seems a bit long winded.

[mark10101] 14/3/2018 09:35

Perenco are a nearby good looking possible partner. So many possitive cards the TRIN management can play, none have been used yet, I consider the current 15p level a very good base to build on.

[spellbrook] 14/3/2018 09:20

Could we do a joint deal with Petrotin if they sort them selves out/ someone else buys Petrotins galeota share / we buy the petrotins share/ someone else operating close by such as RPL buys Petrotins Share...So many ifs and buts and maybes


Galeota - The Big Beast In The East

Unsurprisingly, given the scale and potential complexity of exploiting its major offshore east coast asset, the company has nothing to say at this stage. But it does no harm to remind ourselves of the potential prize. The company estimates that the Galeota Ridge licence, in which it has a 65% operating interest with the remainder owned by Petrotrin, holds some 700 million barrels of oil. However one views it, it's difficult to see how this asset can be exploited without a strategic partner or a great deal of money.

[nafafa] 14/3/2018 06:53

Looking at recent trade patterns I rather think a good proportion are mms trading shares between themselves. I have sold on the 2p rises and bought back more on the drop, so now have my biggest ever holding. I am sure others are doing the same as me. Despite mm activity daily trade volumes remain extremely low that doesn’t leave enough stock available for any investor to build a position.

[shrewdmole] 13/3/2018 23:24

We don't need spt it's just a huge added bonuse

[mark10101] 13/3/2018 23:11

Ross, me neither now, it was promised this time last year and there has been quite a few opportunities since!

[otemple3] 13/3/2018 22:49

Fingers crossed....

[mark10101] 13/3/2018 21:57

Interesting, as good a time as any to anounce reforms.

[spellbrook] 13/3/2018 21:47

The Ministry of Energy and Energy Industries will be hosting 'Spotlight on Energy: Our Oil, Our Gas, Our Future' at the Port of Spain Regency Ballroom, Hyatt Regency on Wednesday 14"' March,2018.

The broadcast of the event commences at 9:00 am and will end at 2:30 pm.

Spotlight on Energy will be a forum for open and frank discussions on the Energy Industry in Trinidad and Tobago and its current and future impact on our lives. This event will be broadcasted live on CTV, TV6, CNC3,i95.5 fm and Talk city 91.1fm.

Presentations will be made by the Prime Minister Dr. the Honourable Keith Rowley, Senator the Honourable Franklin Khan, Minister of Energy and Energy Industries, Selwyn Lashley, Permanent Secretary, Ministry of Energy and Energy Industries, Vishnu Dhanpaul -Permanent Secretary, Ministry of Finance, Anthony Pauland representatives of Poten and Partners.

The presentations will be followed by a dynamic panel discussion on comprising Minister Khan, a representative of Poten and Partners - the International consultancy firm that prepared the Natural Gas Master Plan, energy experts Gregory McGuire and Anthony Paul, Chairman Local Content Committee.

This feature will highlight the prospects for the energy sector and the significant role it will continue to play in the economy.

[beetroot juice] 13/3/2018 19:07

Some chunky buys went through today...Volume was better, more tomorrow...

[shrewdmole] 13/3/2018 19:05

That's totally just my opinion btw guys and not meant to be a ramp in any way.

Why drop or match lumps on each side of the book unless you want to control the price?

Too long in the tooth for this but too much embedded value for this not to rerate.

Question is when not if.

[shrewdmole] 13/3/2018 18:59

Something definitely afoot.

Pe way too low.

Those splintered trades both sides of the book we've seen before just before the last rise.

Someone's loading up in a big way IMHO.

S

[beetroot juice] 13/3/2018 18:31

Picked a few more up myself. Looking like TRIN are set to Take off this week. All the great News recently means many are begining to dip their toes back in. Momentum should build nicely from here....

[shrewdmole] 13/3/2018 18:04

Managed to get a few more today eventually

[spellbrook] 13/3/2018 15:16

Trinity tweeting, maybe Malcy had a peek at the TRIN set up


Trinity E&P
‏

@Trinity_PLC
40m40 minutes ago
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@VOXmarkets - Listen to @mgrahamwood - fresh back from a trip to Trinidad discuss Trinity Exploration #TRIN $TRIN highlighting strong prospects and significant growth opportunity hxxp://www.malcysblog.com/2018/03/vox-markets-podcast-malcy-on-president-energy-echo-energy-range-resources-trinity-exploration-and-production-frontera-resources-sdx-energy-and-pantheon-resources/ …

[beetroot juice] 13/3/2018 12:55

Buyers moving in here now. TRIN is about to Blast Off. Too much good news and been in the dlodrums too long. Soon as this gets let of the Leash. Buyers will be Piling in...Time to buy is NOW

[beetroot juice] 13/3/2018 12:17

Looking great TRIN looking set to Breakout. Volume is cranking up nicely....Bottoms in:)