Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 16/9/2019 15:59

Nocents do not panic, this is heading to 20p with us in the $60 WTI range, $70 range and we will move on further, throw in a good results with the HAW and it will make the pain of this last year worth it.

[nocents] 16/9/2019 15:55

Mm’s just playing games right now. Range today was 12.4-13.2 to buy.
Now at a low when WTI is at highest.
They just eat the wrong mushrooms...numpties.

[nocents] 16/9/2019 15:46

Doh! Ridiculous

[spellbrook] 16/9/2019 15:46

Platts: Oil Could Test $80 After Attacks In Saudi Arabia

[nocents] 16/9/2019 15:45

Mm’s just wanna hold this down it seems. Ridiculous price given the cpmpany and corcumstaces. Makes a fool of the Mm’s themselves. Shows they work on a hamster wheel of quick-shift trades. No depth of analysis.
Trin is stupidly cheap given its metrics/ Haw release imminent and $60.5 WTI. To still be in twelves? Ridiculpus.

[tomps2] 16/9/2019 15:27

TRIN H1 results presentation by Jeremy Bridglalsingh, Managing Director & CFO talks through the latest results (half year ending 30th June 2019), released 10th September 2019.



This covers:

Why Trinidad? – 00:18
Who is Trinity? And management shareholdings – 02:49
Asset Summaries – 04:22
2019 Interim results & post period highlights – 05:56
Increasing margins & financial resilience – 11:10
Margin drivers – 12:01
Organic growth path: Reserves & Production – 14:59
Onshore: optimising base production – 16:54
Onshore: growing base production: doing it differently – 19:28
FCF generation – 22:26
Offshore: Further development of Galeota Anticline – 27:39
Modus operandi – 30:02
Summary – 30:39
Q&A: 30:56

[mark10101] 16/9/2019 14:10

CERP has a MCAP of £42m with 1/6th of our production and without our $22m in cash.....

[nocents] 16/9/2019 13:55

Interesting development. Probably planned by Iran already.
Pressure on oil will be steady.
Yes Oilinv. If they use Haw production towatds bopd output for Q3 then they will have to publicise it. Can’t see otherwise yes.

[oilinvestoral] 16/9/2019 13:21

Breaking News: Iran seized tanker. Oil price starting to pickup again!

[oilinvestoral] 16/9/2019 12:51

Surly as part of Q3 results they are legally bound to say During the quarter (July - September) production averaged XxxxDuring the quarter we have drilled 3 wells (one of which was the HAW well) which produced x , y and z I'd be surprised if they delayed beyond Q3 results. Given that by then they would've had nearly 7 weeks of production from it. By then it's either good or it's not

[spellbrook] 16/9/2019 12:42

oil just pushed $60

[spellbrook] 16/9/2019 12:30

another good volume day some arriving and some leaving

[nocents] 16/9/2019 12:21

to rise but that is not their first priority. Cash generation in all possible scenarips is their priority.

[otemple3] 16/9/2019 12:15

Bruce was very clear, he is not going to rush this as it is the first time they have done it and he wants to be 100% clear and transparent with the market. Nothing worse than coming to the market and misleading (as many oilers do). Totally agree with this approach as with solid data he will be able to outline broadly how significant this could be in the business transformation. The management team will also need to re-evaluate the drilling programme as they will no longer be planning on drilling 8 this year so will need to pick the best targets etc. Hopefully we'll have the verified results and the resultant plan by the end of October Exciting times!

[oilinvestoral] 16/9/2019 11:43

Thanks Nocents Surly they just release something by October at the very very latest! Q3 update ?

[spellbrook] 16/9/2019 11:18

Dividends, buybacks or more aggressive drilling are all being contemplated. The management own 24% of the stock.

[spellbrook] 16/9/2019 11:14

Trinity E&P
@Trinity_PLC
·
3m
@Trinity_PLC
#TRIN picked as one to watch following Oil Capital Conference last week

[spellbrook] 16/9/2019 10:51

Oil prices jump 10%; Opec says ‘no need to panic’ over Saudi Aramco situation — latest news

[nocents] 16/9/2019 10:44

BLOE....wide boys...disseminated early “ remarkable” test results on new well in Georgia. S/p doubled. Actual production turned out to be miserly and share price plummeted. The AIM game. Trin not gonna do that.

[nocents] 16/9/2019 10:39

Yes only recent investors short -term “profiteers221;. I would agree in the main.
Trin very cautious re. Release of accurate info. So HAW bopd production will be a little while. IMO 6-8 weeks min. Having asked that question at the briefing myself.

[oilinvestoral] 16/9/2019 10:32

I agree about MMs but I don't think there are too many "profiteers" here unless those who bought past few weeks... Word going around is that HAW update will be a few months away? Is that right ?

[nocents] 16/9/2019 10:15

Yes Mm. Short term profiteers are not really beneficial I agree.

[nocents] 16/9/2019 10:14

Mm’s reluctant as always to allow value to be relevtrd in price. They playrd a very bery cagey game this morning. Not allowing traders to buy or sell at different moments ...you couldn’t buy Trin from 8-8:15 ! Not because of volume either. AIM dealers are only interested in short-term profit .
At one stage they tried to get you to buy at 13.3 without success and wouldn’t allow selling.
Carefully managed.
It’s what we are up against.
Only volume or large orders give them no choice.
I did not expect fireworks today but was prevented from buying at 8:00 anyway.
Still feel HAW results are way foreard. Surprised not more buying as result of Mail article.
Trin remains chesp and will retate when Mm’s have no choice..when more big buyers step in on increasingly upbeat oil and cash generation.

[marvelman] 16/9/2019 10:00

Looks like recent small buyers are "happy" to see at their 5% profit....we need an ii to take a longer term view than just a week.