Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 18/6/2019 14:45

2 more investors evenings before July update


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.

[marvelman] 17/6/2019 09:28

Added on Friday last. In my opinion lower oil prices will help TRIN's cause.

[mark10101] 17/6/2019 09:25

Spellbrook, it is no coincident that T&T operators have not drilled a single well so far this year. The government is creating a pent up supply of wells, when they finally reform the growth in production can be trumpeted for the next election. TRIN is so well positioned for this next move it is no surprise stealth accumulation has been going on the last few months.

[mark10101] 17/6/2019 09:22

Double bottom in the chart, directors buying, Haw’s, major T&T restructuring, ZERO debt and cash pile! Meanwhile some people chase rainbows and excitement elsewhere, TRIN will surprise many in the coming months IMHO.

[spellbrook] 17/6/2019 07:35

After the amnesty if oil remains low they will need spt changes , what they are missing is more drilling , more employmennt, them more Trinidad $$$$$

[marvelman] 17/6/2019 06:19

"He said low oil prices af­fect the sup­ple­men­tary pe­tro­le­um tax and roy­al­ties that are col­lect­ed".....good, and lack of investment caused by that crippling tax will soon hurt their comfy lifestyles even more.

[spellbrook] 17/6/2019 06:05

SPT tax needs to change , maybe with elections up soon we just may see it

[nocents] 15/6/2019 11:04

Interesting . Today’s market has morphed somewhat. Long term good sometimes. Bad sometimes. Short term can make you rich or you can lose the lot. Caveat emptor and see the market for how it is. There is no golden rule. Trin is stable and a secure investment. Today’s market is very unforgiving and impetuous...especially AIM. Not based on true value. I don’t believe in ramping...Jadestone/Bloe or anything else. Even Trin.
So if that is why it is mentioned then that is not acceptable. But if not then there is value in what MT has shared. One has the choice whether to trust/ believe it or not. Long term not always good. Neither is short term. Case by case. I wish I had done what MT did.With even more invested. But I didn’t. Too trusting.
Now it’s just wait and see

[spellbrook] 14/6/2019 10:25

Trinidad Oil Sector report out today from @finnCap highlighting the strength of investment opportunities in the region - says @Trinity_PLC #TRIN's onshore portfolio offers low-cost, low-risk and predictable exploitation opportunities, generating strong cash flow for reinvestment

[archie61] 14/6/2019 10:24

MT,well done for turning your losses around, I believe in long term holding rather than trading and chasing rainbows.
This will come good.

[mount teide] 14/6/2019 09:12

Archie, as posted at the time(how many of Advfn do that?), I bought a 6 £figure holding in TRIN at an average of 15.5p and then added to that in the low twenties last spring - sold 75% immediately following the 40% dilution at circa 16p and put that into Jadestone at 35p. Took the other 25% out in Jan 2019 - as I said I would if TRIN had failed to perform by then - and used that to add to large positions in Jadestone and TXP.

The Jadestone position is now worth 26p in TRIN share price terms and the TXP position 23p, while TRIN is down 28% at 11.5p.

With TRIN's production growth guidance of 0%-10%(ZERO to 300 bopd) in 2019, the market is clearly asking where is the upside over the next 12 months going to come from to turn that position around?

The smart money might suggest that considering the production development programme of JSE and the "low risk" ultra high impact exploration programme of TXP that differential is very likely to blow out even further over the next 12 months.

Particularly since Jadestone has got 50% of its Montara Field production hedged at $72.50/bbl PLUS a $4+/bbl low sulphur and SE Asian regional premium, while Montara's OPEX is now below $20/bbl and likely to fall materially further from the one month light well intervention programme currently underway - which is expected to add a further 3,200bopd(+32%) - compared to OPEX of between $40-$50/bbl when they acquired the incredibly poorly managed field last Autumn at a net price that some 6 months later is equivalent to barely 4 months current cash-flow.

So, I have a lot to thank the TRIN management's 40% dilution and decision to reward the CEO for delivering it with a totally unjustified 45% pay rise and decision to take a large chunk of stock at the diluted price along with his friends!

[archie61] 14/6/2019 08:35

MT,glad to see you’re not bitter after buying at 25p just before the fund raise.
Some might have held a grudge! Well done.

[spellbrook] 14/6/2019 07:46

We each have our own opinions , let’s move on

For some 10% increase is good , for some no

For me steady as she goes , we wait and see

[mount teide] 14/6/2019 00:08

mark - TRIN is 60% DOWN since giving their Institutional shareholders the nod they would be diluting everyone by 40% at a 40% discount to the share price high to "ACCELERATE GROWTH"! Oh, and two pay off the huge £35m of debt the management run up that was 'restructured' at huge shareholder cost after the management were humiliatingly forced into bankruptcy protection.

How is that accelerated growth working out? - 2019 production growth guidance is 0% - 10%!.

Between October 2017 and December 2018 production growth averaged 23.1% - so the 2019 production growth guidance which includes the use of HAWS technology is going to deliver a massive slowdown NOT an acceleration of production growth! Hmmmm.

Perhaps this is the real reason for the appalling share price performance over the last year!

[spellbrook] 13/6/2019 16:36

MT

remember it well


Nice volume again

[mount teide] 13/6/2019 14:57

SB - it needs to blow its top by 175% just to get back to where it was before the tropical paradise based management hit us with a 40% dilution and voted for the CEO to have a 45% salary increase!

[spellbrook] 13/6/2019 14:20

pressure building

[spellbrook] 13/6/2019 07:35

interesting volumes and 3 recent director share purchases

Investors event in June

Update in July

[spellbrook] 12/6/2019 21:03

Nearly no SPT

[mark10101] 12/6/2019 13:45

It is not driving the price lower and this last few months it seems there is a large appetite picking up the selling from the disenchanted. 1m of sells today with no down pressure on price....

[spellbrook] 12/6/2019 13:28

Maybe bruce or jeremy just bought 300k

[mark10101] 12/6/2019 12:11

Very interesting trades going through today, would be nice if we get a holding notification soon, it does look like we have someone building a position matching up with the disenchanted selling.

[mark10101] 11/6/2019 11:57

Yes, nice to see the directors buying atm, it does seem to be creating a bottom ready for a swing up.

[spellbrook] 11/6/2019 11:10

CONGRATULATIONS every little helps

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, announces that Nick Clayton, senior independent non-executive director, purchased 100,000 shares in the Company at a price of 11.615p per share.

Following this transaction, Mr Clayton is interested in 100,000 Ordinary shares in the Company representing 0.026% per cent of the issued share capital (voting rights), of the Company as per the following table: