Trinity Exploration & Pr... Share Discussion Threads

[nocents] 27/9/2019 16:38

OT. Good 4 u
Russia..I asked re. HAW bopd at meeting. Too early to speculate. It is high angle at 46 degrees and not horizontal. It accessed much mor oilsand. It was successful and promosing. Trin are ultra conservative. They will rease initial flow soon. But this flow will flictuate . They have software to manage this. Rest assured that it will be optimised. Horizontal wells are the ultimate aim. Step by step. Trin will IMO stay in Trinidad and optimise this technology across all wells if successful. However you lokk at it 10.75p is worth less than its total assets and is a “monopoly̶1; game price. News will flow like oil.
Different model to RRE but has learned all the lessons relevant to Trinidad.
The seller is the fund of which I speak. They have no care of price and time it almost malevolently.
So be it. It’ll go on until it stops.

[otemple3] 27/9/2019 15:47

The large sales came through as per usual! Managed to grab the wife 45k at 10.995

[russiaguru] 27/9/2019 14:16

okay lets take an average of 175bopd, that would probably result in around a 6-8% increase EBITDA after SPT & PT6.

Hard to find the number of HAW's for 2020 but lets save 5 and by the end of next year TRIN should be looking at a 40% (assume some decline in existing prd) increase in profits on an annualized basis from onshore drilling alone.

Oil price is likely to be very volatile in an election year.

PTAL another interesting company to keep tabs on, approaching 10kbopd by end of year.

[otemple3] 27/9/2019 13:59

I am hoping for 200 - 225bopd but they have said rates should improve as they do more so maybe a bit optimistic.

[mark10101] 27/9/2019 13:49

Wow, that would be nice, I think 150bopd by the time of reporting would be excellent.

[russiaguru] 27/9/2019 13:47

nocents, whats your expectation regarding HAW, 500bpd?

[mark10101] 27/9/2019 13:47

Good on you Nocents, the clumsy seller has presented a nice opportunity. To think a couple of million poorly executed shares can knock 20% off TRINs MCAP.

[nocents] 27/9/2019 13:13

Amazing how volatile sentiment is on Trin. Up..down. I still see October as being interesting and positive especially after press.
Oilinvestor. You weren’t alone. I robbed Peter to pay Paul and bought £5k at 11.07. Fools rush in but I looked before I leapt.

[oilinvestoral] 27/9/2019 13:12

Mark A half way house is doing what cerp have done and spreading our assets & projects across South America. That might be a way of reducing geographical and SPT risk

[nocents] 27/9/2019 13:10

I would like them to invest the capital in my bank account please. 4 times a year to keep investors.

[mark10101] 27/9/2019 12:57

Oil, I think it is fairly unlikely, however with the T&T business being very solid and cash accretive we keep that stable part of the business but deploy the cash raised last year on the UK markets to a jurisdiction that is encouraging investment.

All the T&T government need to do in the October budget is increase the 20% capital expenditure allowed against SPT to a more supportive level. Then T&T would be the right place to deploy our hard won capital. But if the T&T government continue to ignore this critical amendment then I see no harm with the cash we have to let the T&T business tick along generating cash and invest the capital we have elsewhere.

[oilinvestoral] 27/9/2019 12:37

Russia JSE is another interesting one. I noticed they've just set out their dividend policy this morning ( being paid to wait is the way to go it seems)

[oilinvestoral] 27/9/2019 12:34

Can not see TRIN turning into a North Sea player. They are Trinidadian based and Trinidadian owned. I would like to see them consolidate a fragmented oil market in T&T

[nocents] 27/9/2019 11:40

Mark. This was put to him2 weeks ago. Rather evasive response. But his pay packet allows tgis does it not? Not exactly a young hungry aspiring businessman with a drive to be rich. There already isn’t he.

[mark10101] 27/9/2019 11:33

Russia, if SPT is not reformed in some form I for one would be very keen for TRIN to deploy our cash reserves into the North Sea and capitalise on Bruce's experience in the area and justify his new shinny new pay packet.

[russiaguru] 27/9/2019 11:06

thanks for all the information, especially nocents.

I hold JSE, RRE and for my sins a little I3E and SDX (brought recently)

RRE is an excellent hold and I expect a $1bn marketcap over the next 18-24 months as they go on the acquisition trail again and production increases.

I've been looking at TRIN in detail and to me and the potential does look compelling but its capped due to SPT. If SPT is likely to be tuned then this will rocket but otherwise it will remain suppressed (unloved in aim speak) with the occasional spike.

Buying now is a low-risk gamble on the HAW flowrate.

[oilinvestoral] 27/9/2019 10:59

I own both TRIN and RRE! I hold both for diversification and risk reduction. But if your question is simply why you should choose trin instead of RRE. The simple answer in my humble opinion is : "you shouldn't"! RRE is leagues better than TRIN. The market cap is covered by cash and they pay you to Wait!! They have exceeded expectations and their acquisition strategy is second to none. TRIN will also do well imo but not the same quality

[oilinvestoral] 27/9/2019 10:55

I'm responsible for 95% of today's trading volume lol! Nobody else wants to top up at 11? Just me ?

[otemple3] 26/9/2019 21:19

Hi MarvelmanThought RRE was at more like 90-95% after the recent share price action as opposed to trins c.40% but either way I think the point is valid that they are very different models as RRE have to keep doing deals whereas Trin can just keep exploiting existing assets (with better returns should HAW give the results we are expecting). A deal on top with the cash is just a bonus (assuming they do a good one!)Totally agree that based on past share price performance you would have to say RRE management have done a brilliant job and I wish I had bought them when I looked at them at £6ish. May be the wrong decision again but I am more comfortable with the low risk model here, but each to their own.

[nocents] 26/9/2019 19:36

OMG
I accidentally wrote Gove.
Aaargh !!
( meant give btw)