Trinity Exploration & Pr... Share Discussion Threads

[princebuster2] 30/9/2020 10:05

His deramping is working tho!

[p5tvr] 30/9/2020 09:48

AimMafia and avsome1968..How's your week going here? not so great,...mid 9p!!! looking more like mid 8p soon.

[mr40] 29/9/2020 19:17

Trinity Exploration & Production plc is an independent oil and gas company focused solely on Trinidad & Tobago. The Company operates a portfolio of producing and development assets both onshore, and offshore in the shallow waters West and East Coasts of Trinidad.

Operating break even costs (revenues less royalties, opex, and G&A )were US$ 22.6 bbl versus Q1 2020 of US$ 26.7 bbl. As a result the company is well on its way to its’ target of operating breakeven of US$20.5 bbl for FY2020 (inclusive of hedging income)

H1 2020 Average Production Volumes were 3282 bopd versus H1 2019 3008 bopd and the company sat on a cash balance of US$19.7 mln as at 30th June 2020.

So management are running it well, driving up production and driving down costs whilst generating cash ,not many like that in the oil sector at the moment !

Why do I love it so much you might ask ? Well for the reasons above, but also because the huge opportunities available to the company in Trinidad, a politically stable environment that is governed under English law

The incumbent state vehicle is saddled with US$ 850mln debt which severely limits its ability to develop assets within its portfolio, a skill that Trinity has bundles of experience in, as it has already automated 45 of its wells. Using the data collected from those wells Trinity can examine all the producing assets available to it, and extrapolate the returns to it as a group. It also has cash and continues to generate cash to spend on acquisitions or joint ventures.

Now that is all a bit simple ,I know ,but if you want the numbers speak to Cenkos who are the brokers , They have a target price of 31 p

[avsome1968] 29/9/2020 17:38

Have you sold out today AIM you've turned negative lol.


agree. I’m sure will be back mid 9s in the next few days

[pavey ark] 29/9/2020 17:37

AM you can hardly "agree" after your grapevine comment.

Anyway it was obvious nonsense and I was simply reacting to comments made.

I hadn't even noticed the oil price fall but as before if things get tough and you hold an oil share then TRIN is the one to hold.

Lots and lots will be happening in the next 3-4 months but I suspect that the sellers today would be hard pushed to name any of these key points.

However sometimes ignorance is bliss and gut buying and selling sometimes works out but it doesn't produce good results in the long run......each to his own though.

[aimmafia] 29/9/2020 17:03

I agree. I'm sure will be back mid 9s in the next few days

[mark10101] 29/9/2020 17:01

AIM, don’t link a moderate sized PI holder wetting themselves this afternoon on oil dipping below $40 with spurious rumours... Just someone selling very clumsily imho.

[pavey ark] 29/9/2020 16:35

It would be a massive surprise.
They may not do the correct thing with SPT but it is in their election manifesto and can't simply be ignored especially as the opposition made a big thing of it in their manifesto.

Anyone selling or buying on spurious looking claims online should perhaps consider giving up this line of work.

[mustbefunny] 29/9/2020 16:20

Wouldn't be much of a surprise though given past record

[pavey ark] 29/9/2020 16:17

People say, "Believe half of what you see
Son, and none of what you hear"....
.....from?....yes you guessed correctly...."I heard it through the grapevine"

[spellbrook] 29/9/2020 16:01

ha ha , what grape vine

[aimmafia] 29/9/2020 15:59

I hope that's not true

[aimmafia] 29/9/2020 15:59

I've heard through the grape vine SPT is not in budget....

[pavey ark] 29/9/2020 09:27

It is the H1 results and the only items mentioned in the "outlook" were already material in H1.
As I started to read down the report it didn't look for a T&T mention and would have been very surprised to see one.

Cairn will put out some sort of a statement eventually but as they have obvious ties with TRIN I suspect they are not going to say anything until the budget announcement.

Cairn aren't the only show in town when it comes to developing the assets in T&T but the fact that a "local" company like TRIN can become a large player in these developments must be a major factor in any politician's decision making.....even with the current incumbents.


avsome1968, thanks for that

[p5tvr] 29/9/2020 08:54

avsome1968 ?????....It doesn't mention T&T.

[avsome1968] 29/9/2020 07:38

Morning all news on Cairn H1

CAIRN ENERGY PLC ("Cairn" or "Company" or "Group")

Half-Year Report Announcement

Simon Thomson, Chief Executive, Cairn Energy PLC said:

"We have successfully managed the business through a challenging external environment, always ensuring that the safety of our people is paramount.

We took early action with significant reductions and deferrals to the capital programme. Alongside the sale of interests in both Norway and Senegal, we have realigned the portfolio and demonstrated Cairn's continued commitment to shareholder returns.

With a strong net cash position and limited capital commitments, Cairn is well-positioned to deliver further value for shareholders."

H1 2020 Summary

Ø The impact of COVID-19 has been managed safely across the business

Ø Net oil production averaged 22,400 bopd, at top end of full year guidance

Ø Oil and gas sales revenue US$172m, average realised oil price US$40.21/bbl plus US$7.91/bbl hedging

gains; average production cost US$16.3/boe

Ø Net cash inflow from oil and gas production US$132m

Ø Capital expenditure: cash outflow US$121m excluding Norway and Senegal, of which US$30m relates to activity undertaken in 2019

Ø Group cash at 30 June 2020 US$84m; no drawn debt

Ø Impairment charge of US$240m, with US$207m against Senegal assets and US$33m against UK producing assets, included in loss for period of US$324m

2020 Outlook

Ø Full year oil production guidance: 21,000 - 23,000 bopd net; targeting average production cost US$18/boe

Ø Full year forecast capital expenditure US$135m; Exploration & Appraisal US$95m, Development & Production US$40m (excluding Senegal)

Ø Proposed sale of Senegal interests and planned special dividend of US$250m

Ø Arbitration Tribunal expects to issue ruling on India tax case after the end of summer 2020

[mark10101] 28/9/2020 12:46

Rarely ever seen that AM, does seem there is demand out there, golden cross working its magic.

[aimmafia] 28/9/2020 12:21

I can sell 375k in one go. MMS would love that

[mark10101] 28/9/2020 10:21

The golden cross will be attracting attention amongst the technical traders, tie it in with fundamentals and news, hopefully a good few weeks coming up.

[aimmafia] 28/9/2020 09:53

More and more new investors showing there face now. It is good to see.

[avsome1968] 28/9/2020 09:33

steady steady, be great if we can finish the day double digits.

[spellbrook] 28/9/2020 09:18

added 20k, double digits soon

[aimmafia] 28/9/2020 09:03

Blue.... another 300k of buys will really push this on this morning

[aimmafia] 28/9/2020 07:42

Good morning all, lets have a great week here. Lots to look forward too.