Q2 2020 Operational Update16 Jul 2020 08:24
All looks impressive, but still no mention of a divi even with all the cash held.
· Cash balance of US$ 19.7 million (unaudited) as at 30 June 2020 (31 December 2019: US$13.8 million, audited). Trinity's production model delivers free cash generation across a broad range of oil prices. This is underpinned by the Company's drive to reduce costs and maintain industry leading operating break-even levels. Furthermore, the Company's financial strength compared to many of its peers, where break-evens are higher and finances are potentially more constrained, means that it is well placed to take advantage of commercial opportunities as and when they arise.
I wonder when they will implement this strategy, could be a game changer.