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Trinity Exploration & Production Plc (TRIN)
Trinity Exploration & Production Plc (TRIN) Share Price

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Trinity Exploration & Production Plc	LSE:TRIN	London	Ordinary Share	GB00BN7CJ686	ORD USD0.01

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	0.00	0.0%	79.00	27,707	08:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
78.00		80.00	79.00	79.00	79.00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil And Gas Field Expl Svcs	66.26	7.73	19.90	396.98	30.54

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
14:08:19	O	3,252	78.10	GBX

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Bp (BP.), Harbour Energy (HBR), Curzon Energy (CZN), Echo Energy (ECHO)

Trinity Exploration & Pr... (TRIN) Latest News

Trinity Exploration & Pr... News

Date	Time	Source	Headline
02/6/2023	14:50	UKREG	Trinity Exploration & Production Transaction in Own Shares
02/6/2023	14:45	UKREG	Trinity Exploration & Production Notice of AGM and Publication of Annual..
01/6/2023	10:31	ALNC	Trinity Exploration says maiden dividend on horizon as profit dips
01/6/2023	07:00	UKREG	Trinity Exploration & Production Full Year Results to 31 December 2022
31/5/2023	16:20	UKREG	Trinity Exploration & Production Total Voting Rights
26/5/2023	11:45	UKREG	Trinity Exploration & Production Transaction in Own Shares
25/5/2023	07:00	UKREG	Trinity Exploration & Production Notice of Results
19/5/2023	10:54	UKREG	Trinity Exploration & Production Transaction in Own Shares
16/5/2023	21:10	ALNC	TRADING UPDATES: Trinity Exploration spuds well; Equipmake inks deal
16/5/2023	07:00	UKREG	Trinity Exploration & Production Drilling Update - Trinity spuds Jacobin..

More Trinity Exploration & Pr... News

Trinity Exploration & Pr... Investors Trinity Exploration & Pr... Takeover Rumours

Trinity Exploration & Pr... (TRIN) Discussions and Chat

Trinity Exploration & Pr... Forums and Chat

Date	Time	Title	Posts
04/6/2023	22:16	Trinity: OIL PRODUCER 2020	5,706
02/6/2023	16:32	Trinity Exploration - bickering thread 2020	2,424
08/3/2021	16:06	Trinity Going to 1p	3
10/12/2020	21:46	Trinity Exploration & Production 2018	8,953
02/4/2019	16:49	Trinity Exploration & Production PLC	6,470

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Trinity Exploration & Pr... (TRIN) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
13:08:20	78.10	3,252	2,539.81	O
11:48:36	78.98	15,000	11,847.00	O
09:09:11	79.00	126	99.54	O
07:26:04	80.00	3,000	2,400.00	O
07:23:08	79.00	6,329	4,999.91	O

View all Trinity Exploration & Pr... trades in real-time

Trinity Exploration & Pr... (TRIN) Top Chat Posts

Top Posts
Posted at 13/5/2023 10:47 by aqc888 I think dividends will be the only thing to get the share price moving upwards. The current share buyback at such low values is a good decision before commencing dividends. It would seem the AIM market only reacts to the production of hard cash. Looking at the share price of Jersey Oil and Gas following good news is not a good sign for Trinity - should good news arrive in the coming months. AIM seems to have no regard for ‘potential good news’ ‘definite good news in a year or two’ etc. Only hard cash right now seems to mean anything. Read Full Thread Follow Reply
Posted at 02/5/2023 17:29 by arlington chetwynd talbott nocents - the TRIN share price is not being suppressed. You need to challenge your own assumption that TRIN is significantly undervalued. Have a look at TRIN v WTI - that seems to explain the trajectory today. Or have a look at TRIN v WTI for the last three months or any other time period. It is a very worthwhile/instructive exercise. Read Full Thread Follow Reply
Posted at 02/5/2023 13:11 by ab76 The latest buyback and re-commitment to a dividend was announced at 4.29pm on Friday, so today’s the first day on which it might affect the share price. If they’re going to buy back $1 million worth of shares before the end of June, they’ll need to make larger purchases than last time round and may be that will further help the share price. Still nothing on Twitter about Jacobin spudding. It was about this time last year that Trinity first announced the plans to drill deeper wells. The full details of what they said are in the May 2022 presentation, which is available on the InvestorMeetCompany website. In summary, the 3D analysis that they’ve spent years acquiring and considering has enabled them to better understand the formation, but they acknowledged that the Deeper Mid-Lower Cruse (ie, where the deep wells will be drilling to) is “lightly drilled and poorly understood”. Jacobin is a test well and whilst the hope is that it will find plenty of oil, its purpose is to better understand the formation and guide the rest of the drilling programme. Trinidad still has plenty of oil to find (they haven’t been looking deep because they were happy producing and heavily taxing the shallower stuff) and with a nine well programme Trinity’s probably going to find plenty of it (they’re drilling in their most prolific region), and Jacobin should be viewed in this context - it’s not a make or break drill. Read Full Thread Follow Reply
Posted at 28/4/2023 00:24 by ab76 I own about 2.6% of Trinity nafafa, which is fairly small when compared with the holdings of directors, recently retired directors, recently deceased directors and the handful of large shareholders who all together own about 50% of the company. I like investing in companies where the directors have shareholdings (although it’s not always a good thing - it can keep them in their comfortable position and ensure they get paid whilst shareholders lose out), but I don’t expect every director to have a substantial holding and understand why they might not want to own shares: they’re paid to do a job and it wouldn’t be a salary if they had to invest it. In any event, as far as Trinity is concerned I’m happy that there’s a group who own about 50%. I can’t say for sure when I’ll sell my shares. I’ve owned most of them for approaching 3.5 years and the current amount for about 1.5 years, have been in significant loss and in significant profit. If Trinity find lots of oil in the Hummingbird prospects I’m hopeful it’ll be reflected in the share price. If they don’t, they’ll have wasted a lot of our money and the opportunity to develop their other assets with it. I don’t think there’s much downside though at these prices. I can’t say for sure whether Hummingbird will be successful, but it seems to me there’s a good chance (a lot of work has gone into this exploration) and I’m happy to take that risk especially given the limited downside - in a year’s time Trinity will still be producing at least somewhere in the region of 3,000 BOPD and generating cash. With success it’ll be much more. Read Full Thread Follow Reply
Posted at 15/4/2023 09:46 by aqc888 I’m quite surprised by how these aim oilers are treated by the market. Jersey oil and gas the other week had their dream of years come true, with a farm out with a major North Sea player. The share price spiked to 350p with talk of it reaching 600p. Then a week later it’s 230p, which is the average price over the past year. My point being is that even with a positive result at the end of this month, regarding Trinity’s drilling, I’m not convinced the share price will react as positively as we hope. Read Full Thread Follow Reply
Posted at 12/4/2023 07:39 by ashkv Get rid of the CEO Asap..useless clown Https://www.londonstockexchange.com/news-article/TRIN/fire-on-trintes-bravo-platform/15911897 12 April 2023 Trinity Exploration & Production plc ("Trinity" or "the Group" or "the Company") Fire on Trintes Bravo platform Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, can confirm that at approximately 21:15 local time on Monday 10 April a generator-related fire occurred on Trinity's Bravo Platform in the Trintes Field, offshore east coast Trinidad. Production from the Bravo platform was halted, the fire was then successfully and quickly extinguished and the platform subsequently evacuated. As a precautionary measure, production from the other Trintes platforms, Delta and Alpha, was also shut down. Four operators were onboard Trintes Bravo at the time of the incident with two sustaining minor burns and all four impacted due to smoke inhalation. All four operators received medical treatment for minor injuries and continue to be monitored. No hydrocarbons were released into the environment as a result of this incident. On Tuesday, 11 April, a multi-disciplinary team was mobilised to the Bravo platform to comprehensively assess the exact cause and extent of damage arising from the incident and the remediation required to return the facility to service. The damage is limited to a generator with the platform structure and other platform electricals and equipment in good order. The Company estimates replacement of the generator and associated repairs on the Bravo platform will be completed within three to four days and will initiate production restart in a phased manner once approval is received from the Ministry of Energy and Energy Industries. Alpha and Delta crews also conducted precautionary checks ahead of restarting oil production which commenced late evening on Tuesday 11 April 2023, with all previously producing wells coming back online overnight. As is normally the case with any shut down and restart, well flow rates will be optimised over the coming days to attain pre-shut-in production levels. We would like to take this opportunity to thank the Team working on this incident for their diligence, which facilitated a quick and resilient response. Oil production from the Bravo platform accounts for approximately 350 bopd. Total Trintes field production is approximately 1,010 bopd. Further updates will be provided when appropriate. Read Full Thread Follow Reply
Posted at 12/4/2023 07:23 by ashkv Get rid of the CEO Asap... useless clown.... Https://www.londonstockexchange.com/news-article/TRIN/fire-on-trintes-bravo-platform/15911897 12 April 2023 Trinity Exploration & Production plc ("Trinity" or "the Group" or "the Company") Fire on Trintes Bravo platform Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, can confirm that at approximately 21:15 local time on Monday 10 April a generator-related fire occurred on Trinity's Bravo Platform in the Trintes Field, offshore east coast Trinidad. Production from the Bravo platform was halted, the fire was then successfully and quickly extinguished and the platform subsequently evacuated. As a precautionary measure, production from the other Trintes platforms, Delta and Alpha, was also shut down. Four operators were onboard Trintes Bravo at the time of the incident with two sustaining minor burns and all four impacted due to smoke inhalation. All four operators received medical treatment for minor injuries and continue to be monitored. No hydrocarbons were released into the environment as a result of this incident. On Tuesday, 11 April, a multi-disciplinary team was mobilised to the Bravo platform to comprehensively assess the exact cause and extent of damage arising from the incident and the remediation required to return the facility to service. The damage is limited to a generator with the platform structure and other platform electricals and equipment in good order. The Company estimates replacement of the generator and associated repairs on the Bravo platform will be completed within three to four days and will initiate production restart in a phased manner once approval is received from the Ministry of Energy and Energy Industries. Alpha and Delta crews also conducted precautionary checks ahead of restarting oil production which commenced late evening on Tuesday 11 April 2023, with all previously producing wells coming back online overnight. As is normally the case with any shut down and restart, well flow rates will be optimised over the coming days to attain pre-shut-in production levels. We would like to take this opportunity to thank the Team working on this incident for their diligence, which facilitated a quick and resilient response. Oil production from the Bravo platform accounts for approximately 350 bopd. Total Trintes field production is approximately 1,010 bopd. Further updates will be provided when appropriate. Read Full Thread Follow Reply
Posted at 22/3/2023 09:43 by arlington chetwynd talbott nocents - is it a highly sensible post or is Ab76 basically an apologist for a sub-optimal BoD? He is adept at telling you what you want to hear, but bear in mind that he has been doing that since the TRIN share price was at twice the level it is now. Ask yourself, seriously, is it objective analysis or is Ab76 just talking his book? Read Full Thread Follow Reply
Posted at 21/3/2023 01:01 by ab76 When a share price disappoints it’s common to blame the company concerned’s directors/senior management, but I’m still confident that Trinity’s are up to the job. Following Bruce Dingwall’s untimely death in August 2021 there was a rearrangement in the management and direction of the company. Jeremy Bridglalsingh, who became Chief Executive in 2021, is an accountant who has done a very good job at reducing costs and maintaining them a lower level, but he’s not an oil man (as Bruce Dingwall was). Fortunately, there’s a strong team in place to address that. In January 2022 the Technical Committee was established. There’s a fair bit about it in the Annual Report (see hTTps://trinityexploration.com/wp-content/uploads/2022/06/Trinity_2021_AR.pdf ) and some extracts follow (the numbers in brackets are references to pages in the report): “The Technical Committee comprises two board members and three high-quality independent experts and has helped management refine and prioritise its existing opportunity set to focus on risk-mitigated prospects capable of being delivered with the Company's existing financial and operational resources to increase scale and optimise returns. It has set ambitious but deliverable growth targets, and the resumption of onshore drilling during the second half of this year is the first part of this scaling up process. (P6) “The Technical Committee includes world class domain specialists; a geologist, geophysicist, petroleum engineer and drilling engineer, with over one hundred and fifty years of combined local, regional and international experience. (P22) “The Technical Committee currently comprises two Non-executive directors; James Menzies (Chair)(P58) and Derek Hudson (P59), and three other independent experts Allison Dupigny-Auguste (hTTps://tt.linkedin.com/in/allison-dupigny-auguste-485342200 ); Alistair Sharp (hTTps://uk.linkedin.com/in/alastair-sharp-860a4112 ); and, Andrew Carmichael, who bring complementary and relevant expertise to the Committee’s deliberations. The Technical Committee is expected to meet at least four times a year (and on an ad hoc basis as required). (P57)” Since that committee was created, it seems at the direction of Nick Clayton (the non-executive Chairman), there’s been a clear change in strategy. Whereas before the strategy was to accumulate as many assets as possible and then work out how to develop them, there’s now a focused strategy of doubling production from the existing onshore assets by the end of 2024, developing Galeota, making very targeted bids for new complimentary licences, and possibly looking for complimentary acquisitions, whilst at the same time returning capital to shareholders (a process that has already started with up to $2 million committed to share buybacks). The current drilling programme is, disappointingly, four or five months behind schedule, but that’s hardly disastrous, especially for the oil industry where things often take longer than hoped. Moreover, a bit of a delay doesn’t suggest that the very experienced Technical Committee isn’t up to the job of guiding the company’s drilling activities and it would be very premature to write them off at this stage especially given that we’re just a couple of days away from mobilisation of the rig on Jacobin and perhaps a month or so away from the results of the first deep well. Obviously if things go badly over the coming months than there’s going to be criticism and questions, and perhaps fairly so (it’ll all depend upon the circumstances at the time), but at the moment they haven’t yet been given time to prove their, what seems to me a good, strategy and are entitled to it. The share price will sort itself out if the drilling campaign goes well. Read Full Thread Follow Reply
Posted at 09/3/2023 13:01 by nocents It is almost as if Trin wants the share price low. One 3000 sell at 91p? And why a 3000 purchase every day now? And radio silence. Not permitted to email the company or IR ( CFO J.K.) , and all comms. rerouted through Vigo, which I consider just plain rude, especially to very long term investors( 8 years here). Trin are not doing investor relations nor the share price any favours. Oil is at the perfect price, no onshore SPT if it stays here, new fiscals, no hedging, drills due……230;…………………..91p. Could you make it up? (I have no funds to buy). I think we need to call for an investormeet after the next results in April. I feel very disconnected from the company from the first time in 8 years by being shut down and rerouted through a 3rd Party. Not the right thing to do to promote trust. I would support Ab’s call for an EGM if Trin does not turn the promised corner in 2023 ( step change? Cenkos don’t see a step change and I cannot get Trin to answwr this). Read Full Thread Follow Reply

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