Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 08/10/2019 07:03

Every little helps

[otemple3] 07/10/2019 23:18

Not been the most exciting, a 5% increase in exploration tax credits is hardly moving the dial, yet they think this will drive increased investment..... I think they may need to be more adventurous than that!!!

[nocents] 07/10/2019 22:47

I can see we’ve all been glued to the budget then. Please free me from the shackles of being the eternal last post. Albatross.

[mark10101] 07/10/2019 22:44

From Jan 2020 25% of capital expenditure will be allowed to be offset against SPT up from 20% currently.

[nocents] 06/10/2019 15:51

Feelgood. Feelgood for Imbert perhaps.
If he does not address SPT at all then Heritage will struggle to “increase production”. Onshore and offshore.
Piffle that he is not playing to the election.
$55-60 is optimistic too.
At $52 companies will not be able to increase production at all. Why would they want to..rven BP/Shell/BHP. Why bother? Imbert will be full of hot air and bluster.
Trin is helped by 25% hedging sub $55. Great sense.
But if SPT is not mentioned then he will be shooting Heritage and his own GDP in the foot. Needs to be voted out. I hope people don’t fall for “ feelgood” unless it has substance. Imbert is not an honest man.
Trin have done well to be cash generative no matter what he does not do re. SPT and in spite of Trump’s paper suppression of WTI.
How wonderful if the Senate ( very unlikely) did vote hime out. And same for Imbert.
Hail a resilient Trin.
Rant over.

[spellbrook] 06/10/2019 14:16

Budget tomorrow


Feel-good Budget coming

Colm Imbert

Trinidad and To­ba­go should ex­pect a feel-good Bud­get when Fi­nance Min­is­ter Colm presents his fifth fis­cal pack­age on Mon­day.

Sources with in­ti­mate knowl­edge of the Bud­get told the Sun­day Guardian that Im­bert’s 2020 Bud­get will be larg­er than 2019 as he in­creas­es ex­pen­di­ture in the Pub­lic Sec­tor In­vest­ment Pro­gramme (PSIP) and sev­er­al con­struc­tion projects, while at the same time pay­ing some of the bills he has been ow­ing to the busi­ness com­mu­ni­ty and con­trac­tors.

Among the con­struc­tion projects that will ei­ther get start­ed or ac­cel­er­at­ed are the Cen­tral Block at the Port-of-Spain Gen­er­al Hos­pi­tal, the four ma­jor high­ways un­der con­struc­tion, ad­di­tion­al hous­ing con­struc­tion, a mas­sive road paving ex­er­cise, more re­sources for the po­lice ser­vice and de­liv­ery of the To­ba­go ves­sels.

The THA is al­so ex­pect­ed to get an in­crease in its al­lo­ca­;tion in keep­ing with the reg­u­lar for­mu­la but with added ex­pen­di­ture to as­sist the sis­ter isle to meet its in­fra­struc­ture and tourism needs.

The Sun­day Guardian has been told that the min­is­ter will not raise tax­es nor will he be in­creas­ing the price of fu­el, ar­gu­ing that the cit­i­zens have al­ready made sig­nif­i­cant sac­ri­fices and there is no need for any more oner­ous mea­sures at this time.

But even so, the Min­is­ter of Fi­nance is not ex­pect­ed to com­mit the Gov­ern­ment to any sig­nif­i­cant in­creas­es in re­cur­rent ex­pen­di­ture, be­cause he does not feel at this stage this is sus­tain­able. An in­sid­er at the Min­istry of Fi­nance de­scribed the up­com­ing Bud­get as "fis­cal­ly dis­ci­plined."

The in­sid­er said that while the Gov­ern­ment was not go­ing to "give away the shop, the peo­ple will be pleas­ant­ly sur­prised" by Mon­day's Bud­get pre­sen­ta­tion.

The source said that the Bud­get was not in­flu­enced by the fact that there is a gen­er­al elec­tion next year be­cause the mon­ey is sim­ply not avail­able for the usu­al elec­tion spree.

The Sun­day Guardian was told that the Bud­get is like­ly to be based on a nat­ur­al gas price of US $275 per mmb­tu and an crude oil price of be­tween US$55 and US $60, with the Min­is­ter of Fi­nance pre­fer­ring the US$60 be­cause of the high­er prices be­ing paid in the in­ter­na­tion­al mar­ket for heav­ier crude due to the skew­ing of the glob­al mar­ket by light shale oil and the col­lapse of Venezuela’s oil sec­tor.

Sources said the Gov­ern­ment's rev­enue con­tin­ues to be con­strained be­cause of rel­a­tive­ly low oil and gas prices, low pro­duc­tion and a stag­nant non-en­er­gy sec­tor. How­ev­er, the sale of Cli­co and British Amer­i­can is ex­pect­ed to add at least $3 bil­lion (TT) to the Gov­ern­ment's rev­enue and that mon­ey is to be paid in US dol­lars.

There will be ad­di­tion­al mon­ey from At­lantic LNG’s new arrange­ments and from div­i­dend and tax­es from Her­itage Pe­tro­le­um.

Her­itage is al­so go­ing to play an im­por­tant role in the Gov­ern­ment’s plans with at­tempts to in­crease pro­duc­tion, with the con­comi­tant ef­fect of more land rigs and more em­ploy­ment in the oil belt.

The Min­is­ter of Fi­nance al­so has loans to draw down on which will al­low for a more ex­pan­sion­ary ap­proach in this year’s Bud­get.

[nocents] 04/10/2019 08:47

Hence Trin’s approach.
Expect nothing and generate cash under all and every condition. SPT ....expect it. WTI at any price...even $50.01. The worst price? Still generate cash.
$26 ave. b/e quite a feat.
Trin did a wil cat project once. Eldorado 2014. Lost $12m on dry well. Worth noting. Look at Bloe . 15p to 4.5p on false hype.

[marvelman] 04/10/2019 08:38

But thats the point unfortunately Mark...the T & T government and their short sighted fat cat governments quite happy to be milking the cow dry...frustrating indeed.

[mark10101] 04/10/2019 08:34

MM the CERP situation looks a fair amount of hype for just a 20m STOIIP, we have 700m STOIIP in Galeota if only the government would unlock the reignite allowing it to be exploited. Even TGAL NE has 94.7 mmbbls STOIIP which is not talked about much.

The frustrating thing is TRIN has a fantastic portfolio but it can’t be unlocked until reform.

[marvelman] 04/10/2019 08:27

....having said that, exploration wild cat projects are not for me

[marvelman] 04/10/2019 08:26

It seems that the likes of CERP have had enough of waiting and are looking elsewhere other than T & T...I wish TRIN would do the same

[spellbrook] 04/10/2019 08:24

Sometimes surprises come when you least expect it

[mark10101] 04/10/2019 08:12

Judging by all T&T producers share prices the budget looks to have little to offer T&T producers, Oct 2017 this same government announced in that budget that discussion were advanced in producing a framework to promote T&T production growth, we are still waiting.

[spellbrook] 04/10/2019 07:59

Results
Roadshows
Haw update

[cpap man] 04/10/2019 07:45

KAV



SP Angel . Morning View .


Kavango Resources (KAV LN) 2.0p, Mkt Cap £3.1m – Kavango selects new targets for 1,000m drill campaign

Kavango Resources has signed a contract mobilising a number of drill rigs to test targets in Botswana.

The drill program is for three vertical holes covering 1,000m on the Kalahari Suture Zone ‘KSZ’

The team plan to intersect conductor targets at depths of between 200m and 400m.

To save time and cost, the holes will be pre-collared to approximately 150m with reverse circulation drilling followed by diamond core drilling for better information on the geology below this point.

Management are hoping to find mineralisation in a 10km x 6km magnetic anomaly, which is interpreted as a potential magma chamber.

The other two targets relate to significant linear magnetic and conductive structures.
Water will be trucked in from a local town.

Conclusion: Botswana hides many interesting mineral discoveries under a significant depth of Kalahari desert sand.

Kavango hopes the use of modern remote sensing techniques will help it pinpoint mineralisation in anomalies of significant scale under the sand.

While drilling these targets feels a bit like wildcatting in the oil industry investors can rest assured that target generation is supported by a thorough analysis of the latest data.

[mark10101] 03/10/2019 16:31

Just goes to show, the hedging kicking it nicely for TRIN atm when only a week ago I could not see us needing it after such a massive attack on Saudi Infrastructure. It shows the power of the paper markets, one day though the physical traders will not actually be able to buy at the prices currently advertised in the futures market. Interesting times ahead for sure.

[nocents] 03/10/2019 15:28

WTI nearing threshold.
Prob bounce at $50-50.5
Interesting volatility.

[nocents] 02/10/2019 15:53

Govt is making little from SPT at 53 dollars now. No offshore drilling. They are strangling themselves. Just one iota of common sense would change SPT in the budget on Monday. They are genuinely likely to be voted out if the opposition makes clear that their anti big-business bluster is killing the economy . Their last 2 budgets were emotional coddwollup and like something Adolf would have prepared 80 yeats ago.

[marvelman] 02/10/2019 14:42

...but that does not apply to the rest of my oil stocks :-))

[spellbrook] 02/10/2019 14:36

PR still going

Trinity E&P
@Trinity_PLC
·
12m
@Trinity_PLC
#TRIN fourth well in the 2019 onshore drilling campaign underway

[nocents] 02/10/2019 14:15

Prince
Why don’t you sell on a spike?
Then it’s all over and done with.
If not then youvare actually in effect holding out for a higher price.

[princebuster2] 02/10/2019 13:52

Go Trin! Go Trin! Why not go for 9p!! Here what will happen this month..HAW results will come and Q3..sp will rise to 13p..the usual comments will come that ‘weve seen the back of 12p now’, ‘15p is round the corner’, ‘the rerate is on’..anyone who bought at 10.5 will sell, the fund will drop another few 100 thousands and a week later we’ll be back to 10.8...rinse and repeat.