Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 13/9/2018 08:40

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 Galeota Anticline of 700 mmstb of which the Trintes Field occupies 200 mmstb of that total.

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.

[dunderheed] 13/9/2018 08:34

Yes although I just can't help thinking something big is going on in the background?
What about those cheap development platforms (in the interim) referred somewhere (but cant remember exactly where!) Am on phone and in meeting!

[mark10101] 13/9/2018 08:29

I dont mind if we pause around the 22-24p level. I think the newsflow from October to spring next year could really change the share price picture.

[spellbrook] 13/9/2018 08:14

Should make new highs this time around...

[spellbrook] 13/9/2018 07:37

I repeat

you have £100,000 sitting in your bank account


What do you do ?

Buy 500,000 TRIN @ 20p ?

Im sure this is more than just a whim ?

More to come imo ??

[cookie dough] 12/9/2018 21:31

Thanks SB. Glowing appraisal indeed from ST.

[spellbrook] 12/9/2018 20:15

Eco had a farm in , wait until it’s our turn with the beast GALEOTA

[spellbrook] 12/9/2018 20:01

Trinity Exploration #TRIN $TRIN named a top pick by Whitman Howard, highlighting re-rating opportunities: i) A revised FDP for East Galeota ii) Possible SPT reform iii) quarterly production updates iv) M&A and new licence awards v) sale of WC assets vi) reserves upgrades. 32p

Simon Thompson from @IChronicle says buy Trinity Exploration #TRIN $TRIN with the potential for operating profits to more than treble over the next two financial years setting a 28p price target

[gymratt] 12/9/2018 18:49

Nice 'bowl' taking shape -->27p imo.

[mark10101] 12/9/2018 17:24

Anyway let's hope Trinidad is invigorated with the right policies so all T&T companies flourish.

[dunderheed] 12/9/2018 16:58

I thinks it's cheggers who was 'on' here earlier today and I suggested if they wanted to discuss txp why not go on that thread?

[mark10101] 12/9/2018 16:46

Someone calling TRIN a dog on TXP thread... meanwhile TRIN motors on and TXP wobbles like TRIN prior to the placing. Dropping on a day when oil has risen so much is pretty ominous for those guys.

Great day for TRIN today, Thursdays are normally our best days, looking forward to it.

[diseasex] 12/9/2018 16:31

4 years of consecutive winnings for me =) little bit more like that and welcome 7 digits hehe . I must say had doubts about this one when 15.4 but stuck to my tactic and it paid off.

[spellbrook] 12/9/2018 16:26

oil pushing $71+ more TRIN $$$$$$$$$$$$

[spellbrook] 12/9/2018 15:30

you have £100,000 sitting in your bank account


What do you do ?

Buy 500,000 TRIN @ 20p ?

Im sure this is more than just a whim ?

More to come imo ??

[spellbrook] 12/9/2018 15:29

oil pushing further into $70+

[dunderheed] 12/9/2018 15:27

Ok good point cheggers, go and buy TXP and discuss over there then?

[che7win] 12/9/2018 15:24

TRIN higher risk with off shore oil compared to TXP IMHO.

[diseasex] 12/9/2018 14:08

yep my risk aversion doesnt allow me to buy TXP, though felt little risk is involved in trin. In the end we are growing value as we speak ....

[dunderheed] 12/9/2018 13:59

Yes but the TXP herd can come back as they probably made a little profit jumping on that train.
It'll be interesting to see if they (TXP) decide to do an unexpected placing in the nearish future?

[diseasex] 12/9/2018 13:47

anyone still remember that herd that jumped ship from trin at 16, when TXP was for 17-19

[spellbrook] 12/9/2018 12:32

added 50k @ 20.50p

Chart is looking ready

[marvelman] 12/9/2018 12:31

Prayer mat working..God is great

[diseasex] 12/9/2018 11:34

Are we breaking 20.50 today ? chart looks great. After 20 theres nothing until 26-28...