Trinity Exploration & Pr... Share Discussion Threads

[melody9999] 10/5/2018 08:39

Well I'm holding tight. We had 1 day recently when the share price fell by this amount only to rise the next day and then go higher.

[mark10101] 10/5/2018 08:34

Interesting response from the MM and sellers, only 200k traded, looks to me they are hoping for shares from traders expecting more from these very solid, but as Ross states, largely uneventful results in terms of Big Bang (although I do like the increase in the onshore reserves given it is the linchpin to our finically stability).

Maybe other news to come today.

[darola] 10/5/2018 08:33

Usual AIM sell on news, hopefully get a strong bounce.

[wwick] 10/5/2018 08:25

Those people who say "hardly unexpected" with hindsight 😕

[wwick] 10/5/2018 08:18

Trinity released its FY17 results this morning. Most of the key financials had already been announced in its March trading statement, and 2018 guidance remains unchanged. However, we increase our RENAV from 33p to 35p to reflect strong onshore reserves growth. We remain with our BUY recommendation given the potential for certain overhangs to be removed in 2018 and more confidence around cash flow given strong oil prices YTD.

[wwick] 10/5/2018 08:04

increase in Onshore 2P reserves by 45% to 5.78 mmstb (2016: 3.98 mmstb). That's magic!

[spellbrook] 10/5/2018 07:37

Mark, we’re approaching $72 can we see the numbers to $80

[shrewdmole] 10/5/2018 07:37

I believe they are in London this month?

[uapatel] 10/5/2018 07:36

Well, all looking very promising indeed.

Glad to see clear statements on debt clearance and especially the CLN redemption.
Nice upgrade in the reserves to boot.

WTI @ 71.7USD hopefully we will see further re-rating in the share price

Good luck all holders

[astorcourt] 10/5/2018 07:32

A few city presentations will go down well.

[spellbrook] 10/5/2018 07:31

The Company continues to explore various options to strengthen its balance sheet further during 2018, with the intention of i) repaying the remaining amounts due to the BIR and MEEI; ii) redemption of the CLNs, and iii) accelerating the possibility of further Onshore drilling

[mark10101] 10/5/2018 07:28

I like this statement.

“Trinity's aim is to position itself as the leading independent producer in T&T and on the Alternative Investment Market ("AIM"). To achieve this, our strategy is simple; to retain the integrity of the core producing proved and probable ("2P") reserves base, to continue to grow production safely and efficiently to deliver profitable returns and to prudently convert our significant contingent ("2C") resources to 2P reserves and future inventory.”

[astorcourt] 10/5/2018 07:26

Trinites and galetoa progressing well.

[mark10101] 10/5/2018 07:25

SM good summary, great to see reserves increaseing while we have drawn what we have.

[bountyhunter] 10/5/2018 07:24

yes 2018 is looking very positive building on the strong base achieved in 2017...

The Board of Directors ("Board") remains confident that the growth in high margin production and continued focus on strengthening the balance sheet will deliver excellent returns for shareholders in 2018 and beyond

[shrewdmole] 10/5/2018 07:19

Details in the notes at the end.

They say they are looking to clear cln.
They say with the 2 new wells they are aiming for 2018 average of 2800-3000 bopd. That's good as q1 was 2770 ish and we are almost half way through the year so those wells must be flowing well.
Onshore 2p increased 45% despite producing nearly 0.5m barrels.

Love the way this is being run and still so many catalysts for upside.

S

[wwick] 10/5/2018 07:18

Looks at Average realised oil price1 (USD/bbl) 48.6 and think about what that will be for 2018!!!!

[deeppockets] 10/5/2018 07:12

All on track. Plenty of cash to pay off debt now and making $1m per month

[bountyhunter] 10/5/2018 07:12

a very encouraging set of results including a healthy cash balance at year end and repayment of debt

[spellbrook] 10/5/2018 06:58

Oil Climbs Further Amid Mideast Flare-Upgrades

By Biman Mukherji

--Oil futures climbed to fresh 3 1/2-year highs in Asian trading Thursday following military action in Syria and the Arabian peninsula involving Iran or forces backed by the country.

--June light, sweet crude on the New York Mercantile Exchange was recently up 0.8% at $71.73 a barrel in the Globex trading session. July Brent rose 0.7% to $77.78.

--Israel's military carried out strikes against Iranian targets in Syria after it said Iranian forces based there fired rockets at its soldiers in the Golan Heights. Separately, Iran-backed Houthi rebels in Yemen fired a barrage of missiles into Saudi Arabia on Wednesday.

--Worries about Iran, including its nuclear deal with major world powers, have been key to oil's recent rally to late-2014 levels.