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Just published.
'An oil stock that could double in value'
I doubt it! The realisation will set in with how cheap this share is. On current earnings and profit it should be a lot closer to £2. If TRIN increase production two, three or four fold then I’m sure you can do the maths as to the possibilities here. There will also be tips from some notorious oil and gas experts to come over the next few days and weeks which will cause the herd to arrive! Hold onto your golden tickets is my advice!
Looks like the share price will be moving side way until the next news?
Only boost to production and reserves from Jacobin will be welcome (especially as Trinity have forecast that a successful well will pay for itself, $4.5 million, in less than a year), but the real prize is what success means across Trinity’s licences.
Success at Jacobin proves the seismic analysis showing another eight deep wells in the Palo Seco area and many more in the newly acquired, previously un-drilled, Buenos Ayers licence. The presence of deep oil in BA alone may enable Trinity, in the words of James Menzies at the last presentation, to double, triple, quadruple reserves. Doubling, tripling, quadrupling reserves should increase the share prices by at least a similar magnitude. And that’s before taking into account that Trinity’s share price is considerably undervalued at present (on Friday it was trading on about four times 2023 earnings) and the boost that will come from successfully developing Galeota (which has proven reserves, but which isn’t yet in production as it’s offshore - update due next month, with potential drilling next year).
Just wondering what the price would be if production rate is good from this well.
PRTO and MODE doing well , MODE is about to break again .
Wow only 90 posts here since I last rebought just before Christmas 22/12/23 for 106p.
By last week they had fallen to 71.5p .
Good example of buying into the rise ,up 35% today at 100p.
10 months ago sold for 123p in Truss PM market .
For TRIN and PRTO (Worth a look too) this morning.....nice RNS....expect a strong afternoon for both....come on
Given todays update, the extremely low Mcap, the fact this company is EBITDA cash positive month after month with current production, fair value has to be somewhere between £3-£5 a share right now imo
News here today.
Have bought in, will add more later, game changing moment for Trinity!
It’s excellent news that Jacobin is commercial, but even better still is that it “validates the existence of a deeper turbidite play across Trinity's entire Palo Seco area, and the recently awarded Buenos Ayres block”. There are another eight deep well prospects in the Palo Seco area and many more in the un-drilled Buenos Ayres block.
Hopefully Trinity and shareholders will now reap the reward. And a big reward it should be: as James Menzies, one of the members of the Technical Committee that reviewed the detailed analysis that revealed the existence of these deep plays, said at the last presentation, “if this hypothesis works out we have the opportunity to double, triple, quadruple our reserves base just from this one [Buenos Ayres] block alone” (see https://youtube.com/watch?v=vpvDZW_NAE8&pp=ygUjdHJpbml0eSBleHBsb3JhdGlvbiBhbmQgcHJvZHVjdGlvbiA%3D at 33 minutes in).
Share pad as a 2 pound target share price here underated
Very nice
This morning's RNS looking more positive. :-)
Great News.
Onwards & Upwards.
Cheers
Daily trades have almost disappeared. It was only TRIN buying their own shares. Now it is almost no-one.
Well the market is assuming a non commercial drill. zero interest here
25th April 2016 RNS "Trinity is continuing to target an eventual run-rate closer to 3,000 bopd over the next 12 month".
10th July 2023 RNS "Production sales guidance for the full year 2023 remains unchanged at 2,800 bopd - 3,100 bopd".
While the financial health has improved, shareholders have lost interest and SP has halved.
Will they pay a dividend as planned? I wouldn't be surprised if they cancel, given their record.
Not impressive.
I think they mean at least one month before they can figure out whether it is a meaningful drill or n
I suspect they did not return the investment, but we may never know.
I am now wondering if the share price will bottom out before the well
At spudding, it was predicted to reach bottom by 19th June. I wonder how many months before we learn if it is a success or "below expectations". They were terribly coy about the infill wells drilled at the end of last year: I couldn't work out if they returned the investment or not.
Good point, well made.
If NC wishes to obtain approval to allot shares, he should start buying some so he can have some influence on the outcome of any decision.