Trinity Exploration & Pr... Share Discussion Threads

[ffp] 25/10/2019 17:16

Good evening good folk.
A question from a simpleton lurker. Yes I am invested probably 5 years now.

Should they or have they considered going up to the full market?

[nocents] 25/10/2019 17:12

OT. Thanx. Hmm. Rather ambitious. Trin are very secretive. Could be all manner of things going on behind scenes. As long as BD does not prostrate himself in front of the govt. ( or partner Heritage) as they will just chew him up and spit him out...loyal national or not.
S/p does not in any way reflect the remarkable cost-cutting and techno ambitious work going into Trin.
Budget or not....to Malcy and to me 9.5p does seem ludicrous really.
It was 16p in Jan with WTI at $50!!

[spellbrook] 25/10/2019 16:49

• Supervisory Control and Data Acquisition (“SCADA”) approach to production optimization
using Weatherford's ForeSite® Production Optimization Production 4.0 Technology has
been deployed on both progressive cavity and sucker rod pumps
• Ability to automatically optimise well performance remotely
• Increase production, reduce opex, better planning efficiency
• Decrease decline rates, increase reserves and add value
• Aim is to roll out over 30-50 wells in coming months

[otemple3] 25/10/2019 16:40

Nocents - 7.5k bopd is the mid term target from existing assets whereas 30k bopd seems to be the (new?) longer term targetFirst indication that they are willing to go for some significant M&A which is positive as there are deals to be done and we have the cash to pull them off

[mark10101] 25/10/2019 16:39

Thank PA, yes early days and a learning curve. Just could not see on the graph the 134bopd red actual production cross, lots in the 80’s though. Good news on the scada though.

[spellbrook] 25/10/2019 16:39

no further Haws this year, asked [e-mail] about this last week

[wwick] 25/10/2019 16:38

The inflow - performance relationship chart is the key, along with a slow start and learn approach. So from this slow start the HAW is double bopd of vertical but only c 50% more capex. With increased pump pressure comes added bopd. My take is they find the inflexion point on the chart (315psi) and the rate of return diminishes beyond this, so rate of return is key.

[nocents] 25/10/2019 16:38

Can’t find 30k barrels but am on iphone. Only >7500 med. term from existing portfolio.
Where is the 84? I was told 134 last Thursday.They are however being very conservative which long term is sensible. Only new news I got was 30-50 new Scada implementations. I hope I’ve got that right.
At least 2 buyers liked it. Better than none.

[otemple3] 25/10/2019 16:37

Just reread the RNS and just says on target for 134bopd. I assumed that was broadly what the production was at that point but clearly not. They said in the sept meeting it would take 6-8 weeks to optimise, so should only have a couple of weeks to ramp it up....Anyone know if the remaining drills this year HAWs too?

[nocents] 25/10/2019 16:26

I’m confused. I was told that HAW at present producing 134 bopd. Still being reviewed. Ave veryical about 40-50 bopd.
And where does 30k barrels come from. 7,500 aimed for in 2 years if I remember right. Or is that the additional.
Yes I do get things wrong but am confused.
Slick presentation summary thoigh.

[otemple3] 25/10/2019 16:17

I was just about to ask the same - doesn't make sense to me unless this slide was out of date??

[pavey ark] 25/10/2019 16:17

Mark, the management did spell out in great detail that they were taking this first HAW very slowly and carefully and the actual readings are a very good fit on the projected results.
It is certainly performing very well if you judge it against the projected results.
They gave out the figure of 134 bpd because they were confident ,in light of the results so far, that the well would meet expectations.

[mark10101] 25/10/2019 16:06

Am I reading it right that the HAW is currently only 84bopd?

[wwick] 25/10/2019 16:04

ot, Clearly that is long term, lets not get ahead of ourselves. But it is good to be ambitious. 7,500 medium term.

[otemple3] 25/10/2019 15:59

Interesting, thanks wwick.First time I have seen the target of 30,000bopd - is this new or have I just missed it in the past...?

[wwick] 25/10/2019 15:44

SCADA "Aim is to roll out over 30-50 wells in coming months"
HAW "Production bopd 134 ahead of pre-drill prognosis"
From 23 Oct 2019..sounding good

[nocents] 23/10/2019 19:00

Yes. Sold out at 6.7p. A very very questionnable vompany. You can make a lot or lose a lot. A real gamble. They play the AIM game to a tee but it is wide-boy stuff. Very volatile. Based in Georgia and all horizontal wells . Good regime. But a magnified TXP...they big themselves up before proof. You could see it slump as quickly as soar.
One to play.
Wish Trin would be a bit more like them though!! Trin beat themselves up and whip themselves and wear a hair-shirt. They NEED to big themselves up deservedly but they refuse to. Hide on the shadowz. Hence sellers. Hence 10p.
Trin is immaculately run.
But not publicised.
Prostrate themselves to the BIR/MEEI. Govt. don’t seem to be reciprocating Brucie. Partnership with Heritage?? You wouldn’t think so by the budget. Trin has tge best management in the game . But prostrating yourself to your homeland and government at the expense of shareholders is self-savaging. The govt. is not trustworthy Bruce. They have proved it.
However...what you are doing re. production and technical efficiency and cost-reduction are pristine and beyond exemption.
Great time to buy if I could :-(

[oilinvestoral] 23/10/2019 17:49

One thing that has cheered me a little is that BLOE seem to be doing well. Nocents I think you mentioned you also held them ?

[oilinvestoral] 23/10/2019 17:47

Just leaving now. Not going to be able to attend unfortunately! If anyone can take notes and provide feedback on here it'll be appreciated!

[nocents] 23/10/2019 16:03

You are pretty good on the metric side af analysis.I support your logical and rational research. I just watched Bruce’s presentation again from 11 September. There’s not really many holes you can pick in the exceptional techno-efficiency/cost-cutting and financials in the company.
Interesting thing about tgis world is that things happen unexpectedly.
I remember Black Monday Black Wednesday/ERM/Asian/Tech crises/ 9-11/Iraq/etc All led to oil spikes.
So ye just canna tell........
Iranian drones probed that.
Hail potential impeachment ....( as if the Senate would shoot itself in foot).
Sitting on cash is good. My Bad on that one.
But the opportunities are often taken by the market before you can.
However...dear Prudence........

[oilinvestoral] 23/10/2019 14:57

Unfortunately that's the way AIM is at the moment. With so much uncertainty regarding Brexit, trade deal US China, political uncertainty around the globe , oil price concerns most people aren't putting money in for the long term. I have friends who are currently sitting on 60% cash having liquidated their investment at the start of summer. I've doubted my self a few times being invested here but I'll wait and see for now. At 10p it seems cheap based on all metrics I use .

[nocents] 23/10/2019 14:11

It would be good to know who is still holding.