Trinity Exploration & Pr... Share Discussion Threads

[diseasex] 05/9/2018 13:12

I think the traders are playing the 33p recommendation now. Until something changes we will be probably hovering below that. But if we can maintain compounding growth then well sky is the limit , who knows?

[mark10101] 05/9/2018 13:07

Astrocourt, flip it another way, with current oil price and company position why delay it until 2020. Interesting times

[spellbrook] 05/9/2018 13:06

The work on the Development Plan is well underway and the Company will update the market as and when appropriate.

Bruce A. I. Dingwall CBE, Executive Chairman of Trinity,

[spellbrook] 05/9/2018 12:57

Galeota farmout could still happen, sooner than we first thought

[astorcourt] 05/9/2018 12:57

The current focus is 12 onshore drills, but this rns alludes to offshore potential.
Why rns this at all unless there is activity planned sooner than 2020?

[deeppockets] 05/9/2018 12:56

What would ridiculous be? 50p?

[marvelman] 05/9/2018 12:55

It does feel there is something significant brewing. A very punchy statement this a.m. oozing a little smugness which gives me confidence that they have confidence

[mark10101] 05/9/2018 12:51

"The Galeota licence and the Trintes Field are of significant scale and importance to the Company and to Trinidad and Tobago"

[diseasex] 05/9/2018 12:49

I’m going to hold till valuation gets ridiculous :)

[deeppockets] 05/9/2018 12:42

Rise back to 25p+ would be nice for a start!

[spellbrook] 05/9/2018 12:35

Trinity Exploration & Production hails Trinidad production milestone
05 September 2018, 08:32Source - SMW
Trinity Exploration & Production said barrel number 30 million had recently been produced from its Trintes field offshore Trinidad.

Trintes was currently producing over 1,000 barrels of oil per day through artificial lift, including electrical submersible pumps and progressive cavity pumps technology.

The field was profitable, the company said, with operating costs of $18.90/bbl and an operating break-even of $24.90/bbl.

'The quality of this asset and our wider offshore portfolio provides us with significant medium to long-term growth opportunities in addition to our proven onshore strategy,' executive chairman Bruce A. I. Dingwall said.


At 8:32am: (LON:TRIN) Trinity Exploration Production share price was -0.45p at 18.45p

[spellbrook] 05/9/2018 12:34

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.

Bruce A. I. Dingwall CBE, Executive Chairman of Trinity, commented:

“We are delighted that this milestone has been reached. The Galeota licence and the Trintes Field are of significant scale and importance to the Company and to Trinidad and Tobago. The quality of this asset and our wider offshore portfolio provides us with significant medium to long-term growth opportunities in addition to our proven onshore strategy. We very much look forward to updating the market with further developments.”

[mark10101] 05/9/2018 11:55

Nice retest of 20p, traders will be liking the look of the current chart.

[marvelman] 05/9/2018 11:51

...getting less so DX...but still some way to go

[diseasex] 05/9/2018 11:07

what is this cheap company? why is it so undervalued? :)

[mark10101] 05/9/2018 11:02

Was looking it was keen to pass 20p, should be a pretty insignificant resistance this time.

[mark10101] 05/9/2018 10:37

Volume looking good, maybe an 11am assault on 20p, then where is the next resistance..

[mark10101] 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.

[spellbrook] 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.