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Hefty 6.9m draw. 2 weeks above $60 with that will doing good things for TRINS plans. Let�s hope the TRIN government does their bit over the weekend/early next week.

API reported another large draw (I predict the EIA report will report a massive draw tomorrow). The American Petroleum Institute (API) reported a large draw of 5.121 million barrels of United States crude oil inventories for the week ending January 12 T&T energy conference starts next week. There are no guarantees there will be an announcement but it is certainly as good a time as any to give an update to the industry. http://www.ttenergyconference.org/

In a piece on UNAC back in February he mentioned the first Alconbury plot sale went through as �71,000 despite having a mixed appraised value of �24,000. Does anyone know if there is an up to date value of the cost per plot at Alconbury now?

Look at the volume, as you always point small AT to drop the price. Last forey imo. They will only get volume higher as they move higher.

The only way they can get volume back is to hit the 20�s, the chart is still in an uptrend. With the Energy conference early next week interest should build into the weekend.

Yes it seems the MM have reached the same muddled point they did before the recent rise from 15p although it has happened much quicker. Rise it a little no sellers drop it a little no sellers. Maybe time for the next level, see if anyone wants to offload at 20p.

Tax reform could come next week during the Energy conference that the energy minister attends.

GO did say near to no discount since the hurricane. So certainly lighten the SPT load while still with us.

TXP use Brent as a benchmark at hefty discount I think of 8-12%. A good deal when we get hit at 6% on an already 10% lower WTI, but l would think pretty similar now that we are not paying much of a discount on WTI.

Hi CRL, there does see a little resistance around 18p, hopefully tomorrow onwards and upwards, as you say oil helping. The weather is going to be very cold as traders head to their NY offices tomorrow and Wednesday so should help with sentiment. Looks like the weather easing on Sunday but beyond that still quite a lot of cold around which will support consumption. Weissy yes, we were calling a rise into the 20�s last rise, I don�t think I have ever seen a share break new ground like TRIN did and not make a significant higher high. Like oil with it ignoring the $63 possible resistance technically there is little to stop it motoring on to the $70 and 80�s and it�s current price action suggests that all is on track. For TRIN some will need it spelling out in the update but I get the feeling there are plenty of new buyers around atm so hopefully this time we will see a move to a more sensible level.

Yes they know when to nip things in the bud although Friday some of it may have been you (understand your reason). Current rise should take us well into the 20�s, I think by this week. My hope is for another big draw tomorrow/Wednesday to get oil into the high 60�s possibly $70. Maybe some consolidation for a while for both after that. Feels like there is strength in the rise atm and with the valuation gap so wide see no reason not to plough on.

Looked like we were heading for 20p today, selling always seems to come when we just start getting strength and when the decent rises would then come. A good rise for a Monday though.

GO, I share that view entirely. We don�t need to drill our way out of trouble, with oil rising as it is our current production is rerating in value every week. Enough to take the share price much higher than it is now just by waiting and delivering a solid balance sheet, which I think is achievable in this half.

I share you views that with the accelerated debt repayment we are net possitive debt atm. If I was to guess we should be positive by around $2m. What do you think?

GO very interesting. Just my rough calculation and please challenge, but If you take 6% on an average of $55 oil for the last 4 months it is a bonus of just over $3 per barrel we produce. At 2750 bopd the bonus we have had from this over 4 months is approx $1m. Very handy addition to the debt repayment!

Hi CRL, yes 2 years relative the years before is worth the wait. I think stocks like TRIN once fully through the healing process will garner a higher premium due to the safety it provides (who knows may even provide a dividend!). The IHT AIM policy has been around for a few years but with AIM in a bull market I think it is drawing more attention.

CRL, I think with the February update, if the management have continued there overpayment, the finish line will be in sight and the debt will less of a focus. Being debt free and highly profitable really is rare for any business on aim. As you say multiples come to mind like you mention. Accountants and financial advisors are just starting to push AIM for inheritance management and if anyone does go down this route there can be few companies on AIM or the stock market with TRINS financial metrics (they had a nice chart showing TRINs profitability relative to other industries) so would make an ideal candidate. So anyone with a 2 year time frame could be looking at a very solid and desirable company. I hold for that day and my speculation about the short term price is just to pass the time.

This is only my opinion and I am more bullish than CRL (publicaly at least). I think we will get close to 30p on this run, maybe 29p. On ADVFN I said 25p (when we were at 15p in December and we had the 8p brigade back) within two months. I am comfortable with that. What I do think, as we have seen this time, (until we get closer to fair value), the peaks and trough will be tighter togther. Until we get a more stable and solid TRIN, then if oil remains firm and TRIN continue to manage things well we will start on a steady incline of 10p a qrt. I personally think �1+ is sensible within 2 years. I posted somthing this week where the average P/E for Oil and gas comapnaies in the US is 25PE. GO analysis has us around 2.5-3 PE at the end of the year. Our possible share price is many multiples from here if things go our way in a relative short space of time.

Yes, I think the shares liberated this afternoon were gratefully taken. $70 oil possibly next week if we have reached the exponential run. It will stop at some point but I just get the felling with $63 giving no resistance the market is aiming much higher. I think 25p beckons soon, would be good to get there in preparestion for the news that should start flowing from the government and the company in the next few weeks. We said it last year and we have held throughout, 2018 is where the fun starts. Anyone prepared to hold into 2020 will be handsomely rewarded imho.

Good progress today but looks like somone was tempted to sell when we hit 18p. Prospects looking good for Monday so would hopefully move on to challenge 20p.