Trinity Exploration & Pr... Share Discussion Threads

[otemple3] 01/11/2019 14:48

I do think the big seller has gone, not had one of their trademark sells all week which is unheard of. Anyone wanting to buy any volume will struggle now so hopefully will start to recover from here

[nocents] 01/11/2019 14:36

Exactly. Curious
75,000 shares

[oilinvestoral] 01/11/2019 14:14

Not a glitch ! Found out the reason why! Someone just paid 10.5p to purchase 75,000 shares! SMH

[otemple3] 01/11/2019 13:55

Not really sure but can still buy at less than 10p so assume it is a system glitch, but am hoping it is a precursor so a re-rate...

[nocents] 31/10/2019 20:29

Destructive immature behaviour adds nothing to a chat-board or the world in general.
Why come out from under the bridge unless you have something of assistance to say? What a totally wasted and conceited interjection.
You need to go do something a bit more mature with your life or exercise some adult self-restraint. (i.e. grow up?)
Sigh.
Have to share this planet don’t we.

[nocents] 31/10/2019 20:28

Destructive immature behaviour adds nothing to a chat-board or the world in general.
Why come out from under the bridge unless you have something of assistance to say? What a totally wasted and conceited interjection.
You need to go do something a bit more mature with your life or exercise some adult self-restraint. (i.e. grow up?)
Sigh.
Have to share this planet don’t we.

[bloooarra] 31/10/2019 20:03

Oh bloody hell nocents, change the friggin' record will ya?

[nocents] 31/10/2019 19:13

Ridiculous and unnecessary price drop. Miniscule sales and large buy. Crooked market. They want our shares cheap.
Hedging negates budget changes below $56 and mitigates SPT. Nothing has changed.
It can only be the well-worn tactic of wearing shareholders out into selling. No logic behind dropping the sell price .

[sharesoc] 31/10/2019 19:08

Trinity Exploration present at our next Manchester seminar on the 19th November which may be of interest to potential investors and current shareholders. More details and registration here:

[nocents] 29/10/2019 22:58

Lol.Who knows? Intent and even a soupçon of malice in their timing and intensity.
Sooner all sellers depart the better.

[otemple3] 29/10/2019 22:12

I notice Mr 100k has been absent this week - has the big seller finally finished???

[oilinvestoral] 28/10/2019 18:23

Totally agree with your assessment of 2018! I did a similar analysis and including all capex breakeven (post capex) was exactly what you arrived at 60/bbl! Capex will actually increase slightly going forward as we will be drilling more HAWs at 1.5 x standard vertical wells but they will bring in more cash and have a quicker pay back period. I agree with Nocents I wouldn't worry about pre-2015 as things were very different back then. I think a 3 year period should give a decent picture.

[oilinvestoral] 28/10/2019 18:20

Thank Nocents! Boards are meant to be supportive (to answer each other's questions) and to discuss both pros and cons not just ramp fests!

[nocents] 28/10/2019 18:18

Mm . Don’t bother looking before 2015. It was a wholly different company run on different principles and really lax.

[marvelman] 28/10/2019 17:42

Pavey Ark...I have to confess to becoming less and less interested in these presentations and focus more on facts as stated in the accounts. The 2018 accounts show operating cash flow of $12.1 million and capex of $12.5 million...this based on $59.8 average oil price achieved. Although I do assume that the capex for 2018 was somewhat higher than normal (catch up and new drills) I am not certain as to the projected capex levels going forward as I could not see that in the presentation. If one was to be absolute in interpreting the break even therefore on that year end presention then the break even was in fact nearer to $60 when capex was taken into consideration....as I say, only for that year and understanding that capex is not fully charged off in its year of purchases. There is surely also a justification in argueing that there is a fine line in defining which portion of the capex is investment and which portion is simply recurring maintenance expenditure which then begs the question what is the real number for break even operating expenditure. There are so many variables that, as I said previously, the cash flow statement must be viewed over a proper cycle of years showing the capex being properly serviced by revenues. It would be interesting to see the result of that excercise if it were be done for the past 10 year cycle although I have not got the energy or the will to do so.Your input is appreciated.

[oilinvestoral] 28/10/2019 17:07

Post freely *

[oilinvestoral] 28/10/2019 17:07

Absolutely no cents ! We should continue to port freely our opinions whether others agree or disagree ! What I don't like is cliques and someone urging others to ignore me or discredit my opinion! Unacceptable and I won't stand for it!

[nocents] 28/10/2019 16:43

Spellbrook. I knew this already but it adds a little dark levity !!
Oil price is essentially a US manipulated paper commodity. Like sub-prime bundles sold on and on into an alienated untraceable mess up to 2008 until they crashed.
Opec+ will have to be decisive or they will lose credibility again. US only looks after the US. Even Russia want higher . And Russia unquestionnably only look after self.
Yet the paper merchants will probably win short-term although the mid-term and long-term trend is still upwards. TA analysis etc.
And macro/geo/supply-demand longer term. Trouble is that we never know what is actually true re. either supply or demand. The two most important variables relating to all our discussions.
FWIW I have been present at or watched many times all the presentations. And I do fully agree with PA’s last comment re drilling.

[spellbrook] 28/10/2019 16:26

iran’s fiscal breakeven oil price—the one at which the country would be able to balance its budget—is US$194.60 a barrel for 2020

Saudi Arabia, the world’s top oil exporter and OPEC’s largest producer, would need oil prices at US$86.50 this year and US$83.60 next year in order to balance its budget

[pavey ark] 28/10/2019 16:04

Marevelman, reasonable comment.I don't know how closely you or indeed others have followed the recent presentations by the company but the graph (s) showing the projected profitability at various oil prices were based on a five year time span.The graph showed that the company expected to grow its CASH by a factor of between 3 to 4 times over the five year period.Unless they had an oil rig fairy putting the rigs in place and paying the staff it is safe to assume that this graph also included capex.The management in all the recent interviews stressed the importance of profit and increasing the cash they have and even went further to say that unless you MAKE money then the business is not worth having.Yet they are willing to drill at 50.5 dollars if necessary.They would not drill if they did not make money and the five year graph should go some way to answering your concerns regarding timescale.

[nocents] 28/10/2019 16:03

I would however ( begore that stage arrives) like to invite PA ( in between the beers) to continue posting. I enjoy his posts and take value from them. Boards lose core values if they become cliquey. Often happens.
Disagreeing and sometimes arguing is ok. I’ve been attacked many times.
Let us not shy away from debate about an “ interesting” company ( euphemism) and disagree as often as it happens. Respectfully if poss.but occasionally not at times. I’ve prob. done it myself.
Mm good to hear.Oili good to hear. PA -if you don’t mind me saying-please keep posting freely ....if only for my education.
Ultimately who gives a t..s what someone writes. It’s our own responsibility to agree/disagree or find out. It’s just a chat board.

[nocents] 28/10/2019 15:53

10 yrs. i’ll be pushing up daisies by then.Or be a jibbering wreck in Bedlam ( East London Victorian mental lock-up).

[oilinvestoral] 28/10/2019 15:02

Absolutely marvel man you have eloquently communicated what I have been trying ( but clearly failing) to convey!