Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 05/10/2020 21:39

AIM, that is exactly what they promised in their manifesto, for once they have done what they promised.

just listened to it myself. My understanding is TRIN has it’s assets split between different holding entities, so there is a chance TRIN can manage production to meet the 2000 bopd requirements.

I discovered this when I asked about the implication of petroleum Production levy that kicks in on companies producing over 3500bopd, this was a concern to me as we were approaching that figure and I was not keen to get clobbered by another 4% tax, but I was explained the above when I wrote to the company.

[mustbefunny] 05/10/2020 21:33

Leopards - spots

[aimmafia] 05/10/2020 21:25

It doesn't benefit anything? Or am I missing the point

[wwick] 05/10/2020 21:23

2000 bopd onshore is the definition of a small producer benefiting from SPT improvements.

[aimmafia] 05/10/2020 21:23

50 dollars to 75 dollars for 2 years up to 2000 barrels per day? What a waste of time if this is it

[aimmafia] 05/10/2020 20:22

Still no mention of SPT yet. I'm listening carefully.

[aimmafia] 05/10/2020 19:59

And the mms paid top money for those shares

[aimmafia] 05/10/2020 19:59

Looks like a sell to me....

[spellbrook] 05/10/2020 19:55

1,000,000 thrown in at the end as well as some other biggies

[wwick] 05/10/2020 17:52

I am not suggesting it will change anything but you may choose to politely comment on proceedings here

[archie61] 05/10/2020 16:42

Fingers crossed m8! Not long now.

[astorcourt] 05/10/2020 16:15

AimMafia, please expand on that.

[aimmafia] 05/10/2020 16:11

I've heard some very very good news from a very reliable source, champagne to the ready if it's true. Good luck all for tonight.

[pavey ark] 05/10/2020 09:27

I'm afraid that a simple implementation of their manifesto figures for no SPT below $75 over the next two years would simply not be enough.

Fortunately for TRIN shareholders there would be a buying opportunity as the share price would fall and the company cash pile could be used to buy up distressed onshore assets...hunker down and make a nice living on 5 to 7K BPD.

The problem for T&T is that their oil industry (certainly onshore and near shore) would continue to decline.

I don't know the specifics of these things but I imagine that the government could enter into specific deals regarding enhanced tax breaks for certain projects like Jubilee/Soldado or TGAL but some indication of this willingness would have to be announced in the budget.

Like almost every government in the world they are strapped for cash but SPT isn't going to help this year or probably next so they should be able to see the bigger picture here.

If I had a wish list it would be SPT set at half the current rate and applicable at $60 then the full current rate at $70 .....It is their oil and everyone would benefit at these rates.

I would also like to see generous tax breaks to get the big expensive projects up and running but tax these at a higher rate if the oil price rises above a certain level....again share the risk...share the gain.

[aimmafia] 05/10/2020 07:53

Hoping for some decent buying today.... a few may well position themselves for the SPT reform that's very much needed....

[mark10101] 03/10/2020 11:48

Let’s hope next week is a turning point for the oil industry and for T&T.

[aimmafia] 03/10/2020 10:30

This is pretty big news

[pavey ark] 03/10/2020 09:26

The most interesting thing for me is that this plant can probably take current and ALL FUTURE oil production from TRIN's east coast operations.
The east coast oil isn't heavy oil but it will be heavy enough to blend with the ultra light condensate coming in from the gas fields.
If you want a joined up T&T oil industry then TGAL must go ahead.....under the correct terms.

[mark10101] 03/10/2020 08:22

Interesting WWICK, BP have commissioned a plant capable of processing more oil than the whole island currently produces ATM...

[spellbrook] 02/10/2020 21:29

I’m all in

It’s going to happen this time imo

TT needs $$$$$$

If they don’t get that black gold old out the ground there is no way they can even start to balance that deficit

[aimmafia] 02/10/2020 20:46

It's crunch time for pretty much the whole of the oil sector in T&T - surely they will do the right thing