Trinity Exploration & Pr... Share Discussion Threads

[whiskeyinthejar] 10/5/2018 12:38

Bruce said last year in a presentation that he'd had plenty of approaches from companies looking to get involved as a farm out offshore partner. A FDP with even lower project costings and break even, should make it even more attractive.

I think the start of onshore drilling was postponed because the weather was particularly wet last year. Drilling is difficult when ground is water logged. Anyway, good news that they are looking to accelerate onshore drilling this year.

[bones] 10/5/2018 11:16

SPT reform actually happening would be a belter.

GO, any thoughts on what form the financing might take, viz:

“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.”

(Obviously, selling West Coast would help but it sounds a slow process and no guarantee of it happening in 2018)

[mark10101] 10/5/2018 10:59

Fantastic post, seems there is not much any of us can add to that!

[fidra] 10/5/2018 10:11

At the 9c earnings a share( 7p undiluted) a share earnings we are really only on 4.1 times earnings and getting better for this year .looks a good deal here for shareholders .

[spellbrook] 10/5/2018 10:07

Trinity E&P
‏

@Trinity_PLC
16m16 minutes ago
More
#TRIN $TRIN results: Cantors says management rescued company with astute negotiation of new credit agreements and a settlement with tax authorities. TRIN is well positioned to benefit from higher oil prices as it seeks to grow the production base and develop the offshore assets

[spellbrook] 10/5/2018 10:05

Trinity operating earnings surge 77%

[bones] 10/5/2018 09:44

Reserved = reserves (auto typo)

[bones] 10/5/2018 09:43

GO agreed. The elastic band holding us back right now is attached to the debts (BIR/CLN). Once it is clear that those will be gone by January 2019, that band will be released and the share price potentially will catapult, all else being equal.There is a mention again of looking at certain financing this year. Could this be reserved lending? I cannot imagine the board would want to tap equity again but then if the price is favourable and the purpose clear to shareholders, who knows?Looking good whatever IMO.

[marvelman] 10/5/2018 09:33

Well you certainly can’t read the markets moneytree

[spellbrook] 10/5/2018 09:33

You just know the next results are going to be even better.

[mark10101] 10/5/2018 09:32

Yes looking strong again, 26.1-27p, like you have always said Ross results underpinning the current share price is what should interest us the most and I believe they do in spades.

[moneytree1] 10/5/2018 08:54

did I read the word spike?

[mark10101] 10/5/2018 08:52

I can see why traders expecting a rocket from the results may be selling out but as a long term holder TRIN is steady and solid. Oil alone ($71.5) is enough to sustain TRINS share growth. However we do know there are a number of catalyst that could come at any time.

I prefer a drop out of the blocks on result as spike rarely last past 8:30, likewise a fall flushing out short term traders can be replaced as the day progresses building strength.

[deeppockets] 10/5/2018 08:43

Definitely still holding. All on track with the normal growth but news from Galeota could be catalyst for next major push.

[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.