Trinity Exploration & Pr... Share Discussion Threads

[avsome1968] 07/9/2020 07:24

Executive Team Enhanced for Future Growth

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, is today pleased to announce the appointment of Edouard Brain as Chief Financial Officer ("CFO") effective 14 September 2020. Jeremy Bridglalsingh, currently Managing Director and CFO, will relinquish his role as CFO at the same time and concentrate solely on his role as Managing Director of the Group.

Edouard has 18 years' experience in finance roles for both public and private oil and gas businesses, including most recently as the Latin America Regional CFO at Maurel & Prom, a French listed company with annual sales in excess of US$500 million. He has extensive Mergers & Acquisitions experience, most notably on transactions within Colombia, Argentina, Brazil, Venezuela and Peru alongside his long experience of managing a large finance team and audit processes as part of a public company. Prior to joining Maurel & Prom in 2006 he was the Latin America Regional Financial Controller and Internal Auditor for Perenco Group, one of the largest private oil and gas companies globally.

As CFO, Edouard will be a member of the Executive Team working to deliver on Trinity's strategic objectives.

Bruce Dingwall CBE, Executive Chairman of Trinity, commented:

"We are very pleased to welcome Edouard to our team, following a global search process he stood out as a proactive, extremely well qualified, capable and ambitious candidate. Edouard joins Trinity at a significant milestone where we are focused on delivering a step-change in the scale of our business and we look forward to his contribution to a strengthened leadership team on delivering on our growth aspirations. Edouard's appointment also allows Jeremy, in his role as Managing Director, to apply even greater focus to the overriding target of scaling the business and delivering shareholder value."

[nocents] 06/9/2020 14:58

Apologies for irrelevant tosh posted last night Too much blood in my alcohol.

[nocents] 05/9/2020 23:13

Russiawent bust( sorry )

[nocents] 05/9/2020 23:12

TT will survive no matter what. The prople will still be there and things will go on as they do unless there is a revolution! They just will have to borrow to balance the books ...or their credit rating will be notched down.They are the world’s biggest supplier of ammonia and gas is a big contributor to GDP. Oil will still give revenue too.
They will just find an alternative way to balance govt. expenditure with revenue.
Either way TT will continue. The people might find things tightening up as the govt. cuts back. But they will still be there living their lives.
The only thing to bring TT down would be revolution or invasion. TT will carry on regardless ...the govt. may just have to borrow to get by . This means a lower credit rating. Not a good thing.
But apart from prices going up And cutbacks in expenditure (education/rpads/health etc) TT will go on just the same. Rudia went bust in 2014. Deep recession. People had to put up with higher prices but life went on.( worse under Gorbachov when not enough food!)
But nothing much will change in TT. The govt certainly won’t go down and the people are unlikely to revolt unless no food to eat ( and if Venezuela is anything to go by not even then!) .
T amd T govt. will just borrow or raid funds as you say. Prices may go up. But TT will just gonon. It is a very very stable political country and it’ll just mosey on through with greater borrowing. Not much will change.
SPT is a minor affair to them.

[spellbrook] 05/9/2020 21:47

If the PNM don’t do anything then TT will not survive imo , it’s now or never or steal from Heritage fund

They only have oil to balance books imo

[nocents] 05/9/2020 20:43

Political critique.
Very welcome but tells us little except about both parties’ failure to stop griping and get on with what matters.
Important to cut and paste such things though as it reminds us of the budget. But also the unpalatable truth that in cash-strapped covid times this govt. ain’t gonna give anything away!!!

[spellbrook] 05/9/2020 16:53

If Finance Minister Colm Imbert and other ministers have been short on appearances following last week’s Parliament opening, most are mired in Budget planning among other tasks.

Budget prep is going on apace towards expected upcoming delivery date. But simultaneously, the Public Administration and Digital Transformation Ministry is coordinating the alignment of several reshaped and new ministries – from Community Development and Culture to Youth Development.

The People’s National Movement’s second term Budget will be a significant departure from its first in the 2015 term and its General Election manifesto theme “The Way Forward”, will likely have to do double duty for this Budget.

Apart from the immediate COVID problem overhead, Imbert has to cope with a $15 billion “hole” caused by combined COVID-19 and crashing oil prices. That sets the stage for his package, along with public expectations following campaign promises - and little room to continue blaming the Persad-Bissessar People’s Partnership for its situation. The PNM’s been managing T&T for the last five years, boasted of doing a good job and got re-elected on that record (mostly).

Imbert’s April Budget review had, however, admitted fiscal 2020 will be exceptionally difficult even if the pandemic faded in the second half of 2020. COVID-19 hasn’t and that—plus associated costs—also factors into his Budget. It remains ahead if he’ll have to expand help from the Heritage and Stabilisation Fund and borrowings which he said in April would meet expanded fiscal deficit requirements over 2020/2021.

Yesterday, Government sources acknowledged the economy is “in a bad way.” They expect a slew of action to propel it, ranging from infrastructure/construction, housing development, digitisation and other avenues to increase employment and circulate funds. But the COVID climate will ultimately dictate directions.

The Budget may also be sub-themed with Tobago in mind considering Tobago House of Assembly polls are due early 2021. And by-elections are expected in PNM-held corporation seats in Arima, Point Fortin and Diego Martin and a UNC-held Moruga seat to replace corporation officials who are now MPs.

Focus will particularly be on how PNM handles Hindustan/St Mary’s formerly held by UNC Moruga MP Michelle Benjamin. Moruga, with PNM’s negative history over the term, is viewed as an area the party lost sometime back, more than UNC winning it on August 10. However, Hindustan/St Mary’s is regarded as a UNC safe seat.

The PNM doesn’t have to hunt far to understand why its votes dropped in the August 10 General Election: its tenure has been hard for various sectors.

The UNC, retooling to morph into the promised “strongest ever” Opposition will also be doing introspection on the reduction of its election votes. Internal issues and external COVID cloud apart, its votes fell in a scenario where the PNM was perceived to be unpopular, yet won, including the popular vote UNC often obtains.

Yesterday, UNC chairman Peter Kanhai said a team’s being formulated to review UNC’s election campaign. “You cannot go forward unless you look at what was done right or wrong,” he added.

The Opposition’s recent handling of the first bill in Parliament—the Public Health Ordinance—has also given Government the first in a long string of names the PNM will be hurling at the UNC over term. UNC’s handling has also indicated another aspect of its term operation.

The UNC couldn’t have refused support on the bill which was essential to pandemic control. But despite ability to comment on the legislation in Parliament—and supporting it there—UNC members’ subsequent complaint about the bill raised query why their views weren’t ventilated in Parliament to get the appropriate attention/explanation as needed. The party’s complaint raised UNC’s profile but lent to public confusion. Government’s subsequent clarification found opportunity to jam UNC also.

The UNC feint and PNM toss back will likely now be a term staple along with the Opposition’s clearly signalled intent to raise ground voices wherever needed. Whatever their respective plans, both sides should, however, understand how much their jobs as representatives now mean to a COVID-besieged public. Beyond party promotion.

[spellbrook] 05/9/2020 16:52

If Finance Minister Colm Imbert and other ministers have been short on appearances following last week’s Parliament opening, most are mired in Budget planning among other tasks.

Budget prep is going on apace towards expected upcoming delivery date. But simultaneously, the Public Administration and Digital Transformation Ministry is coordinating the alignment of several reshaped and new ministries – from Community Development and Culture to Youth Development.

The People’s National Movement’s second term Budget will be a significant departure from its first in the 2015 term and its General Election manifesto theme “The Way Forward”, will likely have to do double duty for this Budget.

Apart from the immediate COVID problem overhead, Imbert has to cope with a $15 billion “hole” caused by combined COVID-19 and crashing oil prices. That sets the stage for his package, along with public expectations following campaign promises - and little room to continue blaming the Persad-Bissessar People’s Partnership for its situation. The PNM’s been managing T&T for the last five years, boasted of doing a good job and got re-elected on that record (mostly).

Imbert’s April Budget review had, however, admitted fiscal 2020 will be exceptionally difficult even if the pandemic faded in the second half of 2020. COVID-19 hasn’t and that—plus associated costs—also factors into his Budget. It remains ahead if he’ll have to expand help from the Heritage and Stabilisation Fund and borrowings which he said in April would meet expanded fiscal deficit requirements over 2020/2021.

Yesterday, Government sources acknowledged the economy is “in a bad way.” They expect a slew of action to propel it, ranging from infrastructure/construction, housing development, digitisation and other avenues to increase employment and circulate funds. But the COVID climate will ultimately dictate directions.

The Budget may also be sub-themed with Tobago in mind considering Tobago House of Assembly polls are due early 2021. And by-elections are expected in PNM-held corporation seats in Arima, Point Fortin and Diego Martin and a UNC-held Moruga seat to replace corporation officials who are now MPs.

Focus will particularly be on how PNM handles Hindustan/St Mary’s formerly held by UNC Moruga MP Michelle Benjamin. Moruga, with PNM’s negative history over the term, is viewed as an area the party lost sometime back, more than UNC winning it on August 10. However, Hindustan/St Mary’s is regarded as a UNC safe seat.

The PNM doesn’t have to hunt far to understand why its votes dropped in the August 10 General Election: its tenure has been hard for various sectors.

The UNC, retooling to morph into the promised “strongest ever” Opposition will also be doing introspection on the reduction of its election votes. Internal issues and external COVID cloud apart, its votes fell in a scenario where the PNM was perceived to be unpopular, yet won, including the popular vote UNC often obtains.

Yesterday, UNC chairman Peter Kanhai said a team’s being formulated to review UNC’s election campaign. “You cannot go forward unless you look at what was done right or wrong,” he added.

The Opposition’s recent handling of the first bill in Parliament—the Public Health Ordinance—has also given Government the first in a long string of names the PNM will be hurling at the UNC over term. UNC’s handling has also indicated another aspect of its term operation.

The UNC couldn’t have refused support on the bill which was essential to pandemic control. But despite ability to comment on the legislation in Parliament—and supporting it there—UNC members’ subsequent complaint about the bill raised query why their views weren’t ventilated in Parliament to get the appropriate attention/explanation as needed. The party’s complaint raised UNC’s profile but lent to public confusion. Government’s subsequent clarification found opportunity to jam UNC also.

The UNC feint and PNM toss back will likely now be a term staple along with the Opposition’s clearly signalled intent to raise ground voices wherever needed. Whatever their respective plans, both sides should, however, understand how much their jobs as representatives now mean to a COVID-besieged public. Beyond party promotion.

[spellbrook] 05/9/2020 16:36

Get those questions in to Investors meet

10 days until analyst meeting and update

[nocents] 05/9/2020 11:22

And there are sycophantic more .

[archie61] 05/9/2020 11:02

Whether it’s the Covid effect or not, we’re really becoming a nation full of snowflakes! Sticks n stones and all that, people need to get a grip.
God help us if we ever need to go to war again.

[oilinvestoral] 05/9/2020 10:03

What a horrible comment by AimMafia!

[aimmafia] 05/9/2020 08:59

Well why is he so negative? Why is he insistent on attacking the whole board with slanderous attacks. Why is he so insistent on dampening the morale of the whole chat board.His attitude is doing nothing for the share price. If he hates the company so much then leave or dont comment at all.

[spellbrook] 04/9/2020 21:13

Everyone enters a share at different prices

[aimmafia] 04/9/2020 20:28

I'm trying spellbrook. But all I get is people crying into their beer.

[spellbrook] 04/9/2020 20:21

This share needs some new enthusiasm

[nocents] 04/9/2020 19:22

No Marvelman.
Not just your observation.
Truth spoken.
Although it won’t make any difference as he feeds off it. And I have given up on the other sycophantic thread. Some really decent people but Trollsville United have possession.
No. Not just your observation at all.
Good to let people know though.Important in life.
Well done for posting and saying it how it is.The time will come soon enough when he’ll go again.
I don’t like being personal at all and prefer to talk about Trin but sometimes it’s necessary.
Wait for the inevitable immature retort.....here it comes.....