Trinity Exploration & Pr... Share Discussion Threads

[nocents] 10/5/2019 21:32

Hey Tim. I’m 46% down. Godzilla amount !! Deeply painful. All relative eh? Sorry you losing though .
I think we all are.
Mark is right about the share awards. 2 years ago and a reasonable incentive at 6%. Better than CLN dilution.
LW you are on the wrong board. Afren. Or Ami are right for you.
And if you don’t own any shares why not do something else with your time? Are you here for altruistic reasons?(!?)To save us all??? Thank you.......

[mark10101] 10/5/2019 12:35

LAW you know these options were impacted by the placing, originally it was for 9% of the outstanding shares, now about 6%. Why would 6% dilution that has been known about for two years have any impact on the price now.

You also know (I am pretty sure) that 70% of those awards (to achieve the maximum they mention) is based on reaching 35p share price. If 35p is achieved by next June they can claim them earlier. I would say there is a fair incentive to get TRIN to 35p over the next 12 months. Pretty decent return if it is achieved.

[marvelman] 10/5/2019 12:28

What would these intelligent holders do without your much more intelligent and decisive input LW :-


LW425 - 02 May 2019 - 12:18:36 - 1144 of 1197
over 100p+ in net cash.yessssssssssssssssss

LW425 - 02 May 2019 - 12:23:18 - 1147 of 1197
This is heading back to 60p+

LW425 - 02 May 2019 - 12:49:02 - 1151 of 1197
Second thoughts I don't like the part about exclusion so I'll admit I'm not sure where we go from here

LW425
10 May '19 - 12:18 - 3767 of 3767
0 0 0
Nil Cost Options.

This is heading for 8p.

Sorry but that's just how it is.

[lw425] 10/5/2019 12:18

Nil Cost Options.

This is heading for 8p.

Sorry but that's just how it is.

i.m.o.

[spellbrook] 08/5/2019 16:44

Trinity E&P
‏

@Trinity_PLC
31m31 minutes ago
More
@Trinity_PLC #TRIN management are presenting in London, Manchester and Birmingham in the coming months to discuss strategy and potential. Great opp for investors to hear the story …

[spellbrook] 08/5/2019 07:35

Time is a healer

[mount teide] 08/5/2019 07:14

The Management have finally got the message!


RNS - Investor Presentations

Trinity, the independent E&P company focused on Trinidad and Tobago, announces that the Company will be presenting at the Mello Investor Event on Thursday 16 May 2019. The event will be at the Clayton Hotel Chiswick, 626 Chiswick High Road, Chiswick, London, W4 5RY. Executive Chairman Bruce Dingwall will be presenting to delegates at 09.15.


Regional Presentations

The Company will also be presenting at ShareSoc's regional events in Birmingham and Manchester. The Birmingham event takes place at Clayton Hotel Birmingham, Albert Street, Birmingham, B5 5JE and commences at 18.00 on Tuesday 25 June. The Manchester event will be the week later on Tuesday 02 July, commencing at 18.00 at the DoubleTree by Hilton Hotel, One Piccadilly Place, 1 Auburn Street, Manchester M1 3DG.

[spellbrook] 02/5/2019 10:36

HAW could increase Trinity BOPD substantially

One type of directional drilling, horizontal drilling, is used to drastically increase production. Here, a horizontal well is drilled across an oil and gas formation, increasing production by as much as 20 times more than that of its vertical counterpar

[mark10101] 02/5/2019 09:33

This is the key thing with sentiment as Cew7win stated yesterday. TRIN is debt free, with a solid cash balance that spent $12m investing in the infrastructure (some things had been put off for years) and production. Last year was a stabilising year and as Bruce said TRIN started to breath, perhaps we all expected too much too soon, I am fully guilty of that.

I don’t think the market grasps the 8-10% stealth tax we had last year subsidising Petrotrin through our oil sales. We start 2019 on a fantastic base with a much more positive outlook than in 2018 yet we are half the share price. Could it be sentiment has got so low that people are jumping just as TRIN is about to blossom? Is it not the best time to compare to peers and review position when sentiment is riding high in one and so very low on another.

TRIN has many possible options for generating positive sentiment, they could whip people into a frenzy about the potentially game changing HAW project, we could get excitement around Galeota, we could make a transformation acquisition, be partner of choice with Heritage. So in short TRIN have such a diverse array of options and such a strong position they do not need to hang TRINs hope on any one project. I want all T&T oilers to be successful but the recent vitriol (from people who do not own TRIN) on this thread to further their other investments is also telling. I bite my lip every time I read other forums, but as I don’t hold I do not post on those threads.

[mark10101] 01/5/2019 22:22

Sleveen, this is from the report which backs up the post I made earlier. It just shows how everyone is so keen to take the negative stance with TRIN. Well worth reading the very professional and insightful annual report posted above.

For each quarter that realised oil prices are higher than USD 50.01/bbl SPT is charged at a rate of 18% and 26% on net revenues (gross revenue – royalties – incentives) on Onshore and Offshore assets respectively. The headline SPT rates are, however, partially mitigated by investment tax credits of 20%.

With 3000bopd split 1200 offshore and 1800 onshore I calculate and average SPT of 21.2% and 17% once capital expenditure has been offset. Factor in the fact we have gone from an 8% discount to WTI to a premium of a few % with the new oil pricing we eat further into that figure compared to last year.

[mark10101] 01/5/2019 20:50

Well worth reading the annual report, the solid foundation is there, our time will come.

[che7win] 01/5/2019 14:10

Best not to compare TRIN to TXP, they are two separate companies with the market sentiment weighed differently.Offshore production is higher risk than onshore, but cash position is favourable here; you have to weigh the upside potential here and be patient as a holder.

[nocents] 01/5/2019 14:08

Still awaiting answer to my questions. MT you were bery willing to deride Trinity’s MD as being slack and below par whilst you were invested. Please inform who exactly you informed of your opinions at the time last year and what you said and asked them to do.
You went to a lot of trouble to tell us your story.
It shoukdn’t take much to expand on this.

[mark10101] 01/5/2019 12:06

Yes Nocents 22% average with 4.4% of that offsetable against capex. TXP did a "surprise" fund raise which the cheerleaders applauded.... ATM everyone seems to be looking at TRIN from the worse possible angle. There is a lot of options for TRIN, I still wait in the belief Bruce will deliver the share holder value we are all holding for.

[nocents] 01/5/2019 11:37

Ave. SPT of 22% is negated by $63 WTI. It’s like tax-free price of $50 . $ 30 breakeven.
Not painting rosy picture. Just telling truth.

[sleveen] 01/5/2019 11:12

Mark

Agree SPT will affect TXP too. However the offshore 33% SPT on 1000bopd is significant.

[nocents] 01/5/2019 10:47

MT. No answer to my questions?

[mark10101] 01/5/2019 10:34

It is a mill stone around all T&T oilers, so it begs the question why TXP holders are prepared to ignore it. They have the carrot of a gas well that has to be drilled to maintain the license, which will not bring money in until the end of the year. So for me that would make TXP a higher risk proposition, they face the same conditions we do but are stretching themselves more than TRIN.

We have been here before, lots of people come on here and say 8p is coming, maybe this time they will be right or maybe sentiment will shift when people realise it has got overly pessimistic, certainly with oil at $63.

[sleveen] 01/5/2019 09:53

The realisation by investors that the SPT is a mill stone dragging down cash flow is affecting TRIN sentiment.

I suspect further share price deflation to follow.

[mark10101] 01/5/2019 09:23

Well we are back into a period where the seller is so clumsy that it appears they want the price lower rather than just getting out of a position. Maybe shorting? MM as you point out few long term holders can be in profit here so I can’t see many selling. May is often a good month for AIM oilers, maybe our luck will turn soon, we have had to ride out similar periods on the price before.

[marvelman] 01/5/2019 08:59

For the few years (on and off) that I held this share there vhas always appeared to be a heavy seller...but never a holding RNS...at these levels surely anyone selling would be losing money.

[nocents] 30/4/2019 22:14

I was not on Advfn then.
Can you tell me how you communicated and exactly who to and what you said?
LW425...have you asled the company about these things or are you doing a year’s accounts in advance? The lack of information on expenditure was not really good enough to be honest. But cut us some slack please. You are reading a book before it is written and criticising the author. You do not know enough.
Goodnight all.