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Whitman Howard impressed with Trinity Exploration #TRIN Q3 update stating: Given a strong balance sheet, strong oil prices, increasing production, consolidation opportunities and an undemanding valuation (upside of 103% to our PT), we reiterate our BUY recommendation.

As a long term holder it is fanatic to see TRIN retake 3000bopd with no debt and $18m in the bank. Well done TRIN team. Looking forward to future developments.

mhow, I am with you on that sentiment, a lot could happen between now and 2019 that make people more positive.

We have certainly hit an area where no one is prepared to sell. the market has tested this area and 15p, technically that is great for setting us up for the bigger move I am anticipating to start imminently. I may maintain optimism in the face of a depressed share price but I still feel with the evolving picture in T&T opportunities will present themselves in the coming months. And lets not forget WTI is still above $70, something the pessimists said would not be hit for many a year not so long ago.

TRIN have updated the website.

https://trinityexploration.com/

Small caps always seem to have a reasonable run after people get back and load up after the summer holidays. Then October is often a flop but November and December will be worth waiting for IMO. Just hoping this is one of those short sharp sell off that freshens the wider market up. Today definitely seemed the puke moment for TRIN, quite a few watchers grabbed their chances this morning.

Looks like Petrotrin are forging ahead which is good for T&T and hopefully us.

Https://newsday.co.tt/2018/10/08/petrotrin-business-meeting/

Thanks GO, I think the market had to digest that chart when it came out and explains some of the toys being thrown out. September production is looking good and from then on the 6 well programme should add, so a decent end to the year looks on the cards.

We have cash in the bank and the possibility of some very enticing options going forward, on top of the numerous projects within the current portfolio. Bruce has eluded to it in the last couple of RNS's and recent presentation.

Agreed CRL, our friend UT appears regularly at times like this, just need patience as normal. The story is developing here and we have options.

Yes the presentation was great to see, Bruce's local knowledge and technical knowledge will bare fruits shortly. TRIN can turn on a dime, we are nearing the point where even the placing holders are unlikely to sell.

Tends to happen when big trades are being worked. Some very chunky ones been going through recently.

It expires the end of this year so 2019 we will be clear of hedging.

Laffer Curve, T&T would have done well to observe this years go. TRIN a company making revenue of $120m/anumn in 2014 nearly went bust. Admittedly a chunk of that failure was poor management but the tax obligations were a huge part. As a result we have fallen from 3800bopd to 2400bopd. A large loss in royalties and SPT tax, or whatever future form it takes.

I am not overly confident as one who took the government communications at face value with a promise for tax reform by 1st qrt 2017, then end of 2017. The time is right, the logic is right but it is a political decision and that is where we have fallen fowl before.

Outstanding, what a base to build from. Bring on the next few months

"the Board would additionally like to take this opportunity to thank existing shareholders and other stakeholders for their support and welcome new shareholders as we move forward debt free and strongly positioned to take advantage of future opportunities in the changing environment in Trinidad & Tobago"

Https://newsday.co.tt/2018/09/22/budget-day-is-october-1/

"Former UNC energy minister Kevin Ramnarine expected the budget debate will be anchored in the energy sector and specifically Petrotrin."

I get the feeling the next few weeks are going to be interesting. If we get reform it will open the door to deploy the capital we have accumulated in our war chest. I am amazed how quiet things are here given the potential in the coming weeks.

https://newsday.co.tt/2018/09/11/energy-chamber-recommends-adjustments-to-the-supplemental-petroleum-tax/

I feel workover has much to offer having industry experience. I think we should all bury the hatchet regarding MM. Workover made a very good point when he arrived and that is he is completely turned off by such talk. For every one of us posting here there are 20-30 more people watching and observing and not contributing. Many will be new investors checking out TRIN. I am hoping with more shares and hopefully more holders the MM will be able to work their book less obviously and we can focus on the fundamentals.

So we as forum contributors should see what we post as an advert for the company and its holders, we want people to join the TRIN story that really looks primed to run. We don’t want to go all rampy but I do think we all should be conscious of our writing (I fall into that camp!) so we can encourage new holders who could add to the TRIN story and debate.

TRIN looking great ATM with the chart about to takeoff, let’s make the most of it and all push in the same direction.

They are not evil they are just working their book, and yes that is normal market dynamics, just the problem with TRIN is the volume is low and we get to see normal market dynamics play over days and weeks. I am really not sure why you can’t grasp this......

Spellbrook I hope you are not suggesting the last two days share price action was anything other than normal market supply and demand.....

Great to see, thanks for posting.

The ask price is all over the place atm, are the discouraging buyers?