Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 03/5/2018 09:18

Hi GO, I have added a piece on the management incentives into the header information so people can refer to it. Given it was such an unambitious scheme (where is production volume targets?) I am personally pleased they can’t be vested for at least 2 more years.

[spellbrook] 02/5/2018 21:34

Looking forward to new broker targets after results and updates

[mark10101] 02/5/2018 20:49

SB, 9p and just over 2 years. Could well be £1 when they get a chance to exercise them.

[spellbrook] 02/5/2018 20:20

Another great day , plenty of buying and selling, results and updates not long now , bod only 9p from those 35p options

[mark10101] 02/5/2018 11:35

Some chunky trades being processed. Another good volume day and only half way through.

[mark10101] 02/5/2018 10:31

Chart is now pretty much blue sky, I thought 24p would be a minor resistance as it is where we reached in 2015 on the dead at bounce in oil back to $60 then.

Let’s hope we get news to support the momentum.

[spellbrook] 02/5/2018 10:07

very strong and should be clear to 30`s

[mark10101] 02/5/2018 09:29

Relentless strength here.

[bones] 01/5/2018 21:57

Hopefully 3,000 will be surpassed once the fresh drills are added to the mix.

[glennborthwick] 01/5/2018 21:48

so if they can execute properly in the next 18 months and with a fair wind of oil we can see 3000 barrels at 70$ and a PE of 10 because the debt is paid back we could be looking at 50p a share on that basis.

Quite a way to go in my opinion

[mark10101] 01/5/2018 21:41

freeTRIN and WTI (blue) stock charts from uk.advfn.com

[spellbrook] 01/5/2018 21:09

Regarding possible takeover target generating cash and have over $200,000,000 tax losses.


Win win win..

[spellbrook] 01/5/2018 20:52

Mark I’ve been harping on about 5he 5 year chart it could play out all the way back to £1 if oil gushes and Galeota comes into 0lay imo

[spellbrook] 01/5/2018 20:50

Bruce is tt he knows this is pay back time and will take TRIn cautiously to it’s ultimate end imo..

[glennborthwick] 01/5/2018 20:43

just had a quick look at cerp. Looks like market cap of 33 mill for not much compared to Trin. Looking good here , in at average price of 16p and ive rode Zoo from 10p to a pound so hopefully we can head towards a pound over the next 3 years.

[mark10101] 01/5/2018 20:33

I have updated the 5 year chart to include WTI. I am not sure if it updates automatically but will keep an eye on it.

[spellbrook] 01/5/2018 20:29

TRIn and Bruce and team is all you need to know

Bruce has already had a buyout company

One more and he could be ready to retire in tt with whatever TRIn he wants

[glennborthwick] 01/5/2018 19:36

are there any other trinidad and tobago plays other than this and txp

[mark10101] 01/5/2018 19:33

Darola, looks interesting but still having $60m debt is probably the reason for caution regarding share price. Most the production is in Egypt as well, which for me would be a negative. Reserves nowhere near where I think TRIN will be in a few years times. Don’t get me wrong I think this is a fantastic time to be bottom feeding for oilers, few investment opportunities present themselves like we have with oil in a lifetime ihmo.

[darola] 01/5/2018 19:01

If you think this is cheap take a look at TSX.TGL. £80m market cap and producing 15k bopd. Similar to TRIN it nearly went under when oil price was low and has since restructured. But the TSX punters have given up on it, so they have just announced they are going to dual list on AIM. Current share price is $2.40 and it seems to climb daily at the moment. Recent broker forecasts are north of $3 and a recent Seeking Alpha article forecast $4.50. But even then it's looks cheap when you consider free cash looks like it could be circa $200m a year at current Oil price. A recent presentation is on you tube for anybody interested. Looks a real gem.

[mark10101] 01/5/2018 18:39

Yes a premium of 30p taking us to 55p may do it, even then I think it would be a good deal for the buyers. As added to the header today we have tax losse that would gift the buyer pretty much our current MCAP when used. As a bigger acquiring company with higher profits that would be very attractive and could be realised pretty quickly.