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Oil rising nicely and WTI/Brent spread the smallest for a long while.

If we can close in the 18�s it will set us up nicely for tomorrow. Still looks like pressure is building nicely.

Maybe just maybe we are finally going to take 20p for good. It did not look like it would offer us so much resistance but it has. WTI is up, small build for the time of year but big draw on the product side. All looking good and should hopefully be very supportive of TRIN going forward.

If you have an interest in the oil price, this is well worth a read. Follow through to the source paper. I have have read their last 4 QRT�s and they have been right so far. It is why I am so bullish on oil. Some of the figures are staggering, the oil market and certainly oil companies are a long way from catching up with our present situation. https://seekingalpha.com/article/4140599-best-bullish-oil-thesis-will-read

I would have had some if it had stayed at 15.85 for long. Just can�t believe we are at this price still with all that is going on in the oil market. I genuingly believe TRIN at 15p with the information now available is a risk/reward anomaly that happens very very rarely. Yes we could be chasing graphene (or in reality graphite shavings...) but here we have a genuingly profitable company soon to be debt free at the start of the biggest oil bull run in history.....

Interesting start, becoming so blatant now. MM are keen for sellers still. I was hoping the offer would drop into the 15�s again today but UT at 16.5p shows they want to stifle buyers. Not that 16.5p is not a gift, just if they were playing fair having dragged us to the level they should let some go at this level....

Excellent, only $3.90 WTI/Brent differential. With the US exporting in reasonable quantities now it makes sense the differential closes but has taken a while.

Esmeralda, I would take that as an approach also. I wonder if they could even set up an escrow account set to pay off the CLN on the final week, that would give the market certainty that it was guaranteed. I know some would argue better to use the capital to drill and if oil carries on to $70 later in the year hard to argue with that as at $30 breakeven that will swell the profit. Like you I agree there is sense in making a separate announcement if they were to pay off the government debt off soon.

IHBS, I personally would rather debt repayment atm due to the lack of guidance from T&T government regarding tax reforms. There is a view these reforms will aim to encourage T&T�s producers to increase oil production to fill the gap the refinery needs and reduce imported oil (crazy T&T need to import oil...). I think this will Impact the programs we do. With oil at $66 we could pay off all debt and have $8m in the bank to drill, possibly by the end of this qrt. Also my belief is paying down all debt and making TRIN balance sheet bullet proof would deliver a very substantial rerate delivering greater share holder value than adding 300bopd. We then have the rest of the year to ramp up production.

$1m....

In 2016 net debt was $34m and at this year�s half year results it was $1. We are currently net debt possitive and are overpaying debt. The hope is we clear all debt and the convertible loan notes that were issued in the restructuring as early this year as possible. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=TRIN&ArticleCode=6uwqktsj&ArticleHeadline=Halfyear_Report

Let's hope it is a sign as before that the last flush is here. They often rush the last bit.

We sometimes get that when they are clearing the last of a deal! Then boom for no obvious reason.

Thanks LJ, it did seem a bit of a tenuous one, TRIN looks primed for the next leg, let�s hope we conquer 20p for good.

I wonder if Whitman Howard are going to revise their research not with oil at $65. Oil was around $50 with the view of lower for longer still being the mantra. https://www.researchpool.com/provider/whitman-howard/trinity-exploration-production-trin-ln-buy-tp-33p-initiation-resu

Hi Weissy, I am not sure if there is such a thing but I guess it was a small and fairly soft gap, we have traded at this level several times over the recent months so not like a chunky gap up on a rerate or drop. It is amazing how gaps like to be filled but maybe this was just not significant enough. Just got a sense this morning the buying pressure was going to set us on the way. Let�s hope it continues tomorrow, I am seeing on more and more boards amazement at MCAP relative to current profits, the penny is dropping for some.

Some good buy some coming in now. WTI $70 is not far off.

Only joking. Looking strong this afternoon.

I feel a bit like that, I thought CRL was Mr TRIN :-). I have eyes for no one else at these valuations.

Great value, was hoping wissey�s gap would come into play but decided I would rather get some as when we move I think it will be fast like the other times.