Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTrinity Share News (TRIN)

Share Price Information for Trinity (TRIN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 42.50
Bid: 42.00
Ask: 43.00
Change: 0.00 (0.00%)
Spread: 1.00 (2.381%)
Open: 42.50
High: 42.50
Low: 42.50
Prev. Close: 42.50
TRIN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Trinity Exploration declares dividend as swings to profit

Thu, 28th Sep 2023 14:29

Trinity Exploration & Production PLC - an independent exploration and production company focused on Trinidad & Tobago - Interim pretax profit in the first half of 2023 is USD1.1 million, swung from a loss of USD322,000 a year prior. Revenue falls to USD33.8 million from USD48.5 million. However, operating expenses decrease to USD23.4 million from USD35.7 million. Average realised oil price falls 28% to USD65.2 per barrel from USD90.1 a year ago. Average net sales fall to 2,861 barrels of oil per day from 2,974 bopd. Meanwhile, overdraft facility grows 60% to USD8.0 million as at August 25 following upsized credit facility with FirstCaribbean International Bank (Trinidad & Tobago) Ltd, from USD5.0 million before the upsized facility. Company declares inaugural interim dividend of 0.5 pence per share. Looking ahead, Chief Executive Officer Jeremy Bridglalsingh expects further progress and a "very busy and exciting time for Trinity."

Current stock price: 83.50 pence, down 1.8% on Thursday

12-month change: down 31%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
17 Jul 2014 07:35

UK MORNING BRIEFING: ITV Shares Jump As Liberty Buys BSkyB Stake

Read more
21 May 2014 12:35

Trinity Exploration Says B-9X Well To Be In Production Within Weeks

LONDON (Alliance News) - Trinity Exploration & Production PLC Wednesday estimated that it will take four to six weeks to bring the B-9X well into production, with an expected initial production rate in the range of 200 to 300 barrels of oil per day, in what would be its first drilled, naturally f

Read more
30 Apr 2014 14:25

Trinity Exploration & Production Swings To Profit In 2013

LONDON (Alliance News) - Trinity Exploration & Production PLC Wednesday said it swung to a pretax profit in 2013 on the back of an exceptional profit gain during the period, as well as an increase in revenues. The oil and gas exploration and production company with operations in Trinidad an

Read more
11 Apr 2014 09:20

Trinity Exploration & Production Average 3,978 Barrels In First-Quarter

LONDON (Alliance News) - Trinity Exploration & Production PLC Friday said its net production averaged 3,978 barrels of oil equivalent per day in the first-quarter, driven by its onshore production, as it continues to focus on completing the B-9X infill well at the Trintes field. In a statem

Read more
11 Apr 2014 08:17

Trinity Exploration production rates slip in first quarter

Trinidad and Tobago-focused oil group Trinity said that average production rates declined slightly in its first quarter. Net production averaged 3,978 barrels of oil equivalent per day (boepd) in the first three months of the year, down from the 4,210 boepd rate registered in the fourth quarter. I

Read more
11 Mar 2014 09:03

Tuesday broker round-up UPDATE

Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to

Read more
20 Feb 2014 09:59

Trinity Announces Positive Fourth Quarter Production Rates

LONDON (Alliance News) - Trinity Exploration & Production PLC Thursday announced its fourth quarter production rates and production outlook for 2014. The oil and gas exploration and production company with operations in Trinidad and Tobago said its net production for the three months ending

Read more
7 Feb 2014 12:50

UK MIDDAY BRIEFING: Markets Up For A Third Day, US Jobs Data Eyed

LONDON (Alliance News) - London's equity markets are up for a third consecutive day Friday as stocks around the world continue to take back some of the losses seen in the preceding five days, but this afternoon's US non-farm payrolls data will decide whether the gains are maintained.

Read more

7 Feb 2014 11:02

UK WINNERS & LOSERS: AstraZeneca Recovers but Shire Slides

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday. ------- FTSE 100 - WINNERS Tate & Lyle, up 2.2%. The speciality food and bulk ingredients manufacturer has jumped after JPMorgan Cazenove upgraded its r

Read more
7 Feb 2014 08:20

UK MORNING BRIEFING: Shares Gain; AstraZeneca Is Conviction Buy

LONDON (Alliance News) - UK shares have opened higher Friday, as the market looks ahead positively to the US non-farm payrolls report later in the day.

After its results on Thursday, AstraZeneca has been named a Conviction Buy by Liberum. Meanwhile, JPMorgan has lif

Read more
7 Feb 2014 07:55

Trinity Fails To Find Commercial Levels Of Oil, Gas At El Dorado Well

LONDON (Alliance News) - Trinity Exploration & Production PLC Friday said its El Dorado well offshore Trinidad has failed to find commercial levels of net oil and gas. The oil and gas exploration and production company with operations in Trinidad and Tobago said the well was drilled to a to

Read more
7 Feb 2014 07:40

Trinity abandons El Dorado well

Oil and gas explorer Trinity will plug and abandon its El Dorado exploration well offshore the west coast of Trinidad. The well failed to encounter significant oil and gas after being drilled to a total depth of 6,174 feet measured depth. In aggregate of approximately 13 feet of net oil sands and

Read more
30 Dec 2013 09:55

Trinity Exploration Acquires 100% Of Trinites Field; Set To Start Drilling

Read more
10 Dec 2013 09:43

Tuesday broker round-up UPDATE

Amlin: Westhouse Securities moves target price from 470p to 480p and reiterates an add rating. Antofagasta: Credit Suisse reduces target price from 900p to 750p, while upgrading to neutral. UBS cuts target price from 845p to 765p retaining its neutral rating. Ashley House: WH Ireland moves target

Read more
31 Oct 2013 14:21

Trinity Exploration Begin Drilling Operations In Trinidad

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.