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Pin to quick picksTrinity Share News (TRIN)

Share Price Information for Trinity (TRIN)

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Share Price: 42.50
Bid: 42.00
Ask: 43.00
Change: 0.00 (0.00%)
Spread: 1.00 (2.381%)
Open: 42.50
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Low: 42.50
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IN BRIEF: Trinity Exploration shares down as annual sales miss target

Thu, 11th Jan 2024 11:38

Trinity Exploration & Production PLC - exploration and production company, focused on oil projects in Trinidad & Tobago - Says sales volumes for fourth quarter of 2023 averaged 2,736 barrels of oil per day, up 1.1% from 2,705 barrels in the third quarter. Full-year volumes averaged 2,790 bopd, down 6.2% from 2,975 bopd in 2022 and "marginally below" previous guidance of between 2,800 and 2,900 bopd. Quarterly onshore sales averaged 1,462 bopd, down 2.1% from 1,493. Average realisation of USD71.6 per barrel in the fourth quarter is down from USD75.4 the prior year. Pre-hedging earnings before interest, tax, depreciation and amortisation decreases to USD4.1 million from USD7.0 million.

Company also says flow rates at two Lower Cruse 1 zones, recently perforated at Jacobin-1 in Trinidad, were materially below expectations in early January. Says rates have progressively declined since "encouraging" initial results in mid-December. Trinity now plans to convert the well to pumped production.

Current stock price: 40.00 pence, down 10% on Thursday

12-month change: down 62%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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30 Apr 2014 14:25

Trinity Exploration & Production Swings To Profit In 2013

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11 Apr 2014 09:20

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

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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

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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

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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

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7 Feb 2014 12:50

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

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7 Feb 2014 11:02

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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

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7 Feb 2014 07:40

Trinity abandons El Dorado well

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