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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Trinity Exploration & Production Plc | LSE:TRIN | London | Ordinary Share | GB00BN7CJ686 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 46.00 | 45.00 | 47.00 | 46.00 | 46.00 | 46.00 | 100 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
16/4/2018 09:37 | Malcy will add a bit to his followers in todays Blog | spellbrook | |
16/4/2018 09:24 | RNS says they are working on a FDP for TGAL. A FDP would move the 2c reserves to 2p (the FDP proves its commercial). | whiskeyinthejar | |
16/4/2018 08:46 | Thanks, good point based on the way Bruce has done RNS info. Previously. Be great if the drills did have materially significant impact, but any reasonable increase on the reserves and bpd would be good news. | uapatel | |
16/4/2018 08:16 | Uapatel I was just assuming they would include it in the May update. However I am not sure how high/low the well has to perform for it to be material market news, so could come earlier. Does anyone have an expected figure for flow rates per well? | mark10101 | |
16/4/2018 07:59 | Mark, are we not in Q2 2018 now? So technically we could get news on those drills any time soon. Happy to be corrected on this though. Great RNS Good luck all holders | uapatel | |
16/4/2018 07:53 | So we have drilled two wells and it sounds like we get news of the production as early as May. Debt going down and cash balance going up at the same time as drilling two wells! It seems like that production is about to change rapidly going into qrt 2. Also sounds like we may also get a nice boost to our reserves soon, that will be received well by the market. | mark10101 | |
16/4/2018 07:42 | The planned reduction in RCPs undertaken was due to a switching of technical resources to drilling and to the deployment of the Company’s primary workover rig to the completion of the two new development wells, which should contribute to higher production levels from Q2 2018 onwards | spellbrook | |
16/4/2018 07:42 | whats not to like. increased activity, increased reserves due for audited accounts in may, $1.7m debt reduction and still increased cash at bank marginally. I wasn't expecting this as I thought they would put something out early may with the audited accounts. moving some of those 2c to 2p reserves should help add value. s | shrewdmole | |
16/4/2018 07:37 | Update (late RNS due to LSE I guess):Summary:Q1 Operational Highlights-- Group average production volumes maintained at 2,721 bopd for the three-month period (Q1) ended 31 March 2018 (Q4 2017: 2,777 bopd). Production was largely flat due to a planned reduction in recompletions ("RCPs") over the period (Q4 2017: 20 vs Q1 2018: 4)-- The planned reduction in RCPs undertaken was due to a switching of technical resources to drilling and to the deployment of the Company's primary workover rig to the completion of the two new development wells, which should contribute to higher production levels from Q2 2018 onwards-- The Q1 average production rate was further muted due to reduced sales volumes at the end of March, which coincided with the Easter weekend. As a result, April has benefitted from a higher than usual opening stock position-- TGAL Field Development Plan ("FDP") work continued during the period, focusing on a phased, risk mitigated, low cost FDPStrong Balance Sheet-- Cash balance of US$12.2 million (unaudited) as at 31 March 2018 (31 December 2017: US$11.8 million)-- Liabilities continue to reduce ahead of schedule with quarterly repayments to the Board of Inland Revenue ("BIR") and Ministry of Energy and Energy Industries ("MEEI")-- Outstanding balances payable to the BIR and MEEI of US$4.2 million (unaudited) as at 31 March 2018 (31 December 2017: US$5.9 million)-- This represents total repayments of US$3.6 million ahead of the amount envisaged under the ratified repayment plan | bones | |
16/4/2018 00:15 | Ross, my post pointed out we can easily pay off CLN by October if we just use new profit coming in this year. If we sell the WC asset and it transacts quickly then we will be free of debt/CLN by the summer/4 months. I am not sure which I prefer, keep the WC assets and still be clear of the CLN by autumn or sell it and have a swelling cash balance by the end of the year. Using numbers (rather than vague fearful statements) can you post the scenario where this gets tight? I just can not see it with oil where it is and our profitability. | mark10101 | |
16/4/2018 00:03 | I remember Robin of Loxley. He created a lot of threads. Current cash buffer will exceed all debt plus what we spent last year on capex. Even if it didn't, it's still no reason to allow CLNs to convert. There's other ways of raising money. | whiskeyinthejar | |
15/4/2018 23:47 | o/t PANR sorry what was that valuation at the end of the interview £3 to £8! PANR are currently at 19p... wow! | ssrover | |
15/4/2018 22:23 | No, you're not being a little harsh with Ross, he's behaving in a way that should arouse concern to those who listen to his opinion on any share he claims to hold. He is, of course, wrong to raise this as an issue and you are right in what you say WITJ. The Board have said they are targeting the closure of the CLNs before year end and have the cash in bank to do that today, regardless of whether the West Coast assets are sold. Intersting, his style of posting reminds me of a poster from long ago, Robin of Loxley I think the name was. | esmerelda | |
15/4/2018 22:10 | I thought you were a farm manager? No matter, Im just tired this dilution nonsense, clumsy attempt to change subject.I think I'll leave ADVFN and go open a bottle of wine. | whiskeyinthejar | |
15/4/2018 22:01 | I don't know,. Busy time of year for you on the farm I guess? | whiskeyinthejar | |
15/4/2018 21:42 | OK, now is Ross a male or female here? WITJ, good post... | ffp | |
15/4/2018 20:10 | FFP happy for my posts to be diluted, just not TRIN! | mark10101 | |
15/4/2018 20:00 | Mark, post something original and stop copying ih_669936 :-) | wwick | |
15/4/2018 19:41 | Not sure what happened there as my post 51 came up with a funny user name.... | mark10101 | |
15/4/2018 19:40 | Ross, have a look at the numbers in the header to cheer yourself up. We averaged $62 WTI Jan, $62 Feb and $63 March. That is $3.6M profit net of all taxes, operational cost, G&A and the hedges since the last reported numbers for end Dec. That means using our $11.8M cash for the new wells/workovers we can use recent profits to pay down our debt, we should have got it down to $2.3m by end of March. We are 2 weeks into this month (with higher oil) so effectively 1 month from today we could have cleared all our government debt from profit generated since the beginning of the year. Again using our substantial cash balance for the new drills/workover program, new profit could clear the CLN by October providing oil stays around what it has been so far this year. So a 3 Month buffer, throw in the West Coast asset sale which could happen this year I personaly am confident we will clear the debt and the CLN. | mark10101 |
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