Trinity Exploration & Pr... Share Discussion Threads

[wwick] 17/10/2019 08:03

How much more than a traditional well has the HAW delivered?

[wwick] 17/10/2019 07:56

What was the exit Q4 production in 2018?

[wwick] 17/10/2019 07:41

- Average production was a little lower than my estimate by 84 bopd.
- HAW performance as expected which is great.
- SCADA saw material production increases, also great, can we roll out to 200 wells
- The explanation on cash is in line with what I stated yesterday, however, they have delivered more wells, so more capex with the benefit to come in Q4
- Exit Q4 production c. 3,400 bopd

[laptop15] 17/10/2019 07:34

Looks positive to me....blue day:)) hoodl luck all

[laptop15] 17/10/2019 07:33

https://twitter.com/laptop1515/status/1184717502896660481?s=19

[deeppockets] 17/10/2019 07:20

SCADA looking like it makes big difference, year end 3400 is very positive.

[fsawatcher] 17/10/2019 07:18

oh deaery me

produktion q3 same as q4 last year

progress in last 9 months?????? zero

cash pile droppin too

this company aint makin money and aint makin progress

it like i said

it jus workin for trinny tobagels

shareholda equity wrth zero coz yous never gonna see any cash growfth

[otemple3] 16/10/2019 23:37

I am expecting 3100 but secretly hoping for >3200 (oops, let the cat out if the bag...). I think cash may be flat or slightly down due to payment/ reciept timings, which I hope they very clearly explain. Would like to see clarity on the scada trials and possibly a HAW update although I still think this is earlier than Bruce anticipated. Might be better if these are in a separate RNS so it doesn't get overlooked. Most of all I hope for a comprehensive statement, with a confident bullish tone, showing the good things the business is doing. Actually, scrub that, most of all I hope this is the start of a significant re-rate of the shares!

[wwick] 16/10/2019 22:17

GO, gazing into my crystal balls, one is saying 2900, the other 3100. Cash may be flat because we have 100% of the drill costs in the quarter but associated production for only part of the quarter. Also oil $ has not been favourable relative to other quarters but opex improvements and the WTI premium realised may cushion some of this. Also, perhaps that 99,999 buyer has an aversion to zeros.

[nocents] 16/10/2019 21:23

MM. u still holding??

[nocents] 16/10/2019 21:21

cash ( not cadh) . Sorry

[nocents] 16/10/2019 21:21

And what will they do with the cadh balance? Read Micael’s suggestions October analysis. What’s the point of dead cash unless purpose? Our Placing money indeed.
‘Nuff said.

[gabrieloak] 16/10/2019 20:09

Its good to see the 100k seller (unless its the buyer) scaling back a bit with those two 99,999 trades today...

Tomorrow morning feels likely for the quarterly update...guesses for Q3 BOPD production?

I am hoping >3150 which will imply a strong result from the recent drilling campaign (30% up on last quarter...these big %age discrepancies need to work in both directions) and a strategy that is working well...cash balance is going to be interesting also...$18 mln or more?

Answers on a postcard...

[otemple3] 16/10/2019 19:34

Will need a 300% increase though to break even

[otemple3] 16/10/2019 19:33

Not quite, that's a 70% loss 25/35*100He is down about 30% on the ones purchased in the placing

[nocents] 16/10/2019 19:32

Btw don’t forget that many of these shares were not purchased but given. To be fair BD purchased in the Placing at 15p but I bet he didn’t expect 9.7p. It dropped to 9.2p today for 15 mins.

[nocents] 16/10/2019 19:29

Oili . Yes I meant 300% loss. Average if I remember correctly is 35p. If that is the truth which we were told. That is just under a 300% loss if we are at 9.7p to sell.
But if you’re that rich does it matter apart from emotionally??

[sleveen] 16/10/2019 17:31

Batheater, aren't they something out of Harry Potter?

[nocents] 16/10/2019 17:08

Not been sleeping too well on and off last 5-6 yrs :-/
In truth.

[nocents] 16/10/2019 17:06

Wwick. I value your posts.

[nocents] 16/10/2019 17:04

Oilinvestor.
I feel so too.
There is no-one making a profit.
But if you had boight Bloe 2 days ago you would be foing very nicely...and that really is a dodgy outfit.You could just as easily have lost the lot as made anything. Still could.
Trin have got issues in that they don’t value common shareholders enough. Regardless of 26% BOD holding. Those holders are all rich already. So it is a red herring. There is some trith in some of the things thatFSAwatcher has said.
But without HAW credibility and ongoing free cash generation what the foddl dee dee are they going to say in their 4 upcoming presentations???
We may be and have been cannon fodder but there is a time that comes when the negation of shareholders becomes destructive to the company itself.
Sooner they realize this the better.
If they ever do.
But debt-free/ risked NAV of 38p/$26 b/e ongoing cost reduction and even eventually horizontal wells. Well...we may be deeply and amorally neglected but there are positives within.
Like Oil investor who has researched thoroughly ..I won’t throw baby out with batheater.

[wwick] 16/10/2019 16:45

Adjusted EBITDA after SPT & PT progress look it up, sleep easy :-)