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TRIN Trinity Exploration & Production Plc

44.50
2.00 (4.71%)
25 Jun 2024 - Closed
Delayed by 15 minutes
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
  2.00 4.71% 44.50 44.00 45.00 44.50 42.50 42.50 89,010 11:16:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trinity Exploration & Pr... Share Discussion Threads

Showing 11876 to 11895 of 30225 messages
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DateSubjectAuthorDiscuss
05/9/2018
09:08
Ross, I did try. But I think it does a disservice to the onshore in reality. With the new well program we will be thriving onshore and offshore is where the real solid valuations come in for TRIN.
mark10101
05/9/2018
09:02
i feel that Trin will be more forth coming with updates and operations as the next stages of this Growth story unfolds
spellbrook
05/9/2018
08:12
The work on the Development Plan is well underway and the Company will update the market as and when appropriate.
spellbrook
05/9/2018
07:44
Interesting, seems to me that onshore is to survive offshore is to thrive.
mark10101
05/9/2018
07:38
Great breakeven under $25

The Field is profitable with operating costs of US$18.9/bbl and an operating break-even of US$24.9/bbl (2017) and the Company remains excited by development opportunities

spellbrook
05/9/2018
07:35
Team TRIn:letting us know more and more


Trinity Exploration & Production plc

("Trinity" or "the Group" or "the Company")

Barrel Number 30 million produced at Trintes Field

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, is delighted to announce that Barrel number 30 million has recently been produced from its Trintes Field offshore the East Coast of Trinidad ("Trintes" or the "Field").

Trintes is currently producing over 1,000 bopd through artificial lift including ESP (electrical submersible pumps) and PCP (progressive cavity pumps) technology. Trinity is a leader in using these artificial lift technologies offshore Trinidad and Tobago. The Field is profitable with operating costs of US$18.9/bbl and an operating break-even of US$24.9/bbl (2017) and the Company remains excited by development opportunities.

Prolific Basin with Strong Producing History

Trintes came into production in 1971 and is located on the south west end of the Galeota Anticline offshore the East Coast of Trinidad. The Field, which contains four platforms, is 12 km from our shore base in 80' of water. The Field, and indeed whole of the Galeota Anticline, is comprised of high quality vertically stacked sandstone reservoirs that contain good quality 26 API oil.

The definition of the Galeota Anticline from a geological structural standpoint and its relationship to previous wells, including the successful TGAL-1 exploration well drilled by Trinity in 2013, has only recently been understood through the re-processing, re-interpretation and re-integration of that data set into our new subsurface model. That model defines a STOIIP for the entire Guialeota Anticline of 700 mmstb of which the Trintes Field occupies 200 mmstb of that total.
I
Significant Potential for Future Development

Having operated the Field for the last five years, the Company's understanding of the reservoir, its distribution, production behaviour and potential drilling challenges will be invaluable in its planning process to take the remaining 2P reserves and 2C resource base forward across the Galeota Anticline.

To that end the Company is working on a phased and innovative approach to further development which may involve, in the first phase, a low cost minimal facilities platform, a lightweight drilling solution and the possibility of electrical power from the shore (currently offshore diesel generator sets). This approach is aimed to drive down capex and opex and therefore increase returns to the Company whilst minimising risk. The work on the Development Plan is well underway and the Company will update the market as and when appropriate.

spellbrook
04/9/2018
17:49
Since Brent averaged $95 for 7 years between 2008 and 2015 and $82 for the last decade it was almost inevitable that the POO would return to its long term average range once the Saudi's had drained the market of the excess supply built up by 2015.

The complete dearth of capital expenditure since, other than by the US Shale Oil industry should comfortably support a price range of $75-$95 over the medium term - with the price risk probably skewed to the upside should the supply situation in Iran, Venezuela and Libya continue to deteriorate.

mount teide
04/9/2018
17:24
Oil Could Jump To $95 This Winter

According to Kilduff, founding partner of the investment company and a seasons energy trader, "The global market is tight and it's getting tighter, and the big strangle around the market right now is what's in the process of happening with Iran and the Iran sanctions. These Iranian barrels that we're going to lose, it's really going to hurt. It's really going to make a difference and tip the scale in my view to an upside surprise.

spellbrook
04/9/2018
17:20
Simon Thompson at Investors Chronicle , has certainly done his homework and found Trinity Exploration & Production at the most appropiate time (all about the timing sometimes). $20,000,000 in the bank, NO DEBT, on shore drilling started and interims in approx 20 days time...

His followers must be delighted and he has certainly created 2 interesting days of volume.

spellbrook
04/9/2018
17:01
TRIN is a nice coiled spring, looks like each period of stagnation is getting shorter between the rises.
mark10101
04/9/2018
16:41
nice finish 18.9p up 8%
astorcourt
04/9/2018
16:25
Who would sell into the news we have coming and with the chart looking as it does?
mark10101
04/9/2018
15:41
looks like they needed a few more sellers
spellbrook
04/9/2018
15:31
POP..........

GALEOTA

spellbrook
04/9/2018
14:59
Strength still building. We should never have been sub 20p anyway, that is the base we really want to build on.
mark10101
04/9/2018
13:23
I mean i'm out from this forum, not shareholding
diseasex
04/9/2018
13:14
OK guys - money likes silence. Let it grow peacefully. I'm out until results.
diseasex
04/9/2018
11:57
oil $71.20
spellbrook
04/9/2018
11:28
Yes looks like the 18p area is causing a bit of resistance atm, looking good for a move higher soon though. When it goes 20p should be good. Because we were there only a few months ago resistances won’t be like last time we broke through them.
mark10101
04/9/2018
11:15
need to breakthrough this 18-18.50p range for the next leg up
spellbrook
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