Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 06/11/2018 10:37

Not that they mean anything or have done anything. Zzzzzzzz

Trinity Exploration #TRIN: Cenkos says BUY. "Given the phased, low cost solution for the development of the TGAL area and de-risking as a result of the submission of the first phase field development plan, we have updated and increased our RENAV from 37p/share to 42p/share."

[mark10101] 06/11/2018 08:12

Very good point Wwick, backs up my last post regarding it being the type of project that may stimulate a bid. We may or may not be the ones to drill it but yesterday was a very important step to deliver value for shareholders. With T&T’s drive for production our timing could be perfect.

[wwick] 06/11/2018 07:48

A little context from the first phase FDP. 14.5mmbbls targeted equates to 2% of Galeota and will produce for approximately 7 years. Peak production will be c. 6000bopd. This is the first FDP and I expect more will quickly follow so that the targeted production moves from 2% of Galeota to 4%...8%...(12000bopd...24000bopd).

[nocents] 05/11/2018 17:55

But I’m with Mark. Been here for Eternity. Gonna hang onto my Precious. Been through tunnel already enough times. Another one but don’t owe nobody nothing!! And gonna dig for more black stuff next year. Life is tough. But can wait. And wait.

[nocents] 05/11/2018 17:51

PB. This is AIM. Even if it wasn’t ..the market does not like to be rational. There’s them holdingbthe joysticks downtown who play and control and makes their fortunes. Market is a big version of PPI/Libor/Endowments/Gold/Eurobor/...it’s all toyed with as suits them. Conspiracy theorist? Guess I gotta be.

[mark10101] 05/11/2018 14:25

Our time will come.

Given the time frame of the TGAL FDP I see it a bit like getting planning permission, the company has done a lot of work on it and should it gain approval it will enhance the asset considerably. How we move forward from there is open for debate, but with the plan approved, $200m of PPT shielding (2/3 for offshore) 3000+ bpd onshore production and $18m in the bank I would not be surprised if TRIN is being followed closely at this price.

As WWICK posted Whitman Howard have upped their price target to 36p on today's news, the fact the market does not get it today matters little given how long many of us have been here.

[nocents] 05/11/2018 14:18

Have to let the market do what the market dors. Always.

[spellbrook] 05/11/2018 13:57

Usual zzzzzz

I still believe

Trin are so much stronger

We just sit and wait for 17p and the re rate imo

[lexus880] 05/11/2018 13:55

I see investors are really excited about this news???

[mark10101] 05/11/2018 12:18

It certainly has a similar look to the periods before other big moves, just need a little spark in the coming weeks and hopefully the summer will be well and truly put behind us.

[wwick] 05/11/2018 12:14

Chart looks like a coiled spring to me. I see Whitman raised their target on today's news from 34p to 36p.

[spellbrook] 05/11/2018 11:17

We seem to have a fair few rollover shares of late..

[mark10101] 05/11/2018 10:27

Malcy's Latest




Trinity Exploration & Production

Good news from Trinity this morning as they announce that it has submitted the first phase of its FDP for the TGAL Area located on the Galeota block offshore the East coast of Trinidad to the MEEI. This is the first phase of the potentially wider step-out development across the Galeota anticline thought to contain c700mmbbls.

The development will involve a low cost 10 well conductor supported platform and associated infrastructure. The importance of this should not be underestimated, it shows that TRIN has been working hard to bring Galeota in and is now fully up to speed with getting it under way. The development of these assets could support the medium term onshore and offshore production target of over 7,500 bopd. FID is planned for H1 2020 at which stage resources would be reclassified as 2P reserves, potentially resulting in a 40% uplift to current 2P reserves of 23.2 mmbbls. Accordingly investors really should see this as a ‘major milestone’ as expressed by CEO Bruce Dingwall in the RNS today and look forward to FID in good time.

[mark10101] 05/11/2018 08:01

Yes good to see progress there. It is quite possible with a detailed plan and government paper work done it interests other parties and TRIN will never be the one to deliver it, but it is clearly a very important part of T&T’s rejuvenation.

[wwick] 05/11/2018 07:59

Final Investment Decision ("FID") is being targeted for H1 2020, at which time resources would be reclassified as 2P reserves, potentially resulting in an over 40% uplift to Trinity's current 2P reserves of 23.2 mmbbls.

[wwick] 05/11/2018 07:55

Pleased to see the Field Development Plan taking shape and formal submission to the Govt. "The development of these assets would underpin our medium-term onshore and offshore production target of over 7,500 bopd."

[imjustdandy] 04/11/2018 00:56

This has hit the bottom. Back to 22p

[spellbrook] 02/11/2018 11:55

We might well see some mergers / buyouts / farmouts in the future

[nafafa] 02/11/2018 10:59

All rather frustrating, the share price is stuck. I just wonder whether there is a lack of optimism about long term 3 year plus outlook for oil prices in which case a growth strategy may not prove profitable. Perhaps going for an affordable £5-10 million annual dividend now and modest growth would be a more prudent approach. If the long term oil prices drops, which it may well do as environmentally sustainable alternatives prevail, we may end up with a business producing 8000 barrels but not capable of delivering a return.

[mark10101] 01/11/2018 22:13

Well well worth registering to read.

[nocents] 01/11/2018 20:37

Interesting times. Wish I could make sense of it!!!!