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I did say that may happen, graph looking very possitive now.

Looks to me the last bit of fiddling, may even be the day we switch with a stronger afternoon. The delay in SPT reform announcement has been a gift for whoever the buyer is.

CRL, It has looked nailed on for the SPT to be paid this QRT for quite a while, although we should still make £3.5M, however without SPT it would obviously be better. It has been the drag on the share price since 20p. Having said that 15p still appears to be where somone has a buy request in. They are obviously hopeing this is the perfect buying op before the news comes in on Tax reform. I am happy to hold through this as the right package of measure would lead to a substantial rerate of TRIN. If TT get this right it will encourage a lot of interest in the area, anyone sad that we did not sell the West Coast asset may get a pleasant surprise to the valuations of assets that we hold in 6 months time.

Ah, I get it now, he was meaning 6 more weeks until SPT kicks in.... we have about 10 regular posters on here max and I would say all understand the implications of the SPT which is why we havbeen debating since th budget when and if it gets reformed...... I still believe the balance will tip in favour of reforms as they need to increase production. The incentives on how they do that is of more into to me. Also in 6 weeks time oil will be in the $70’s reversing all the recent act of SPT.

Please post a link to help us. I use google dailey to search on SPT and T&T oil tax and finding little guidance, the T&T Energy departments website is not giving any guidance either. So please post a link or give us some pointers.

Better than 2017...

Every week that passes it looks to me T&T oil production will decline. Of the three AIM listed T&T oilers all have 2018 pencilled in for new wells, although they will not count their chickens too early it appears they all believe 2018 will be more favourable for drilling wells than 2018. 65 wells were drilled in last report, mostly Petrotrin. Table 2D Http://www.energy.gov.tt/wp-content/uploads/2017/11/Consolidated-Monthly-Bulletins-January-October-2017.pdf Compared to 95 wells being drilled when oil hit $30 in 2015 by a much more varried company mix. Http://www.energy.gov.tt/wp-content/uploads/2016/02/Dec-2015-Consolidated-Bulletins.pdf It suggests to me many oil producers are waiting for this new fiscal reigime so the sooner they announce it the better.

Yes looks like that to me also. Would be nice to see more director buys given we are in a period where they are allowed to buy. Next year should be a bit busier with announcements so a sensible time to load up.

Sorry I meant last month for CERP raising 4m from equity.

So we close down over 3% on £18k worth of trades wiping £1.2m off our MCAP of £41.7 meanwhile CERP officially closed above us at £42m having had yet another dilutative round of fund raising last week.

CERP now £41.5 million surpassing our MCAP, crazy old world......

Well CERP having a good day, £40m MCAP, compared to Trin at £41m at today’s actual price. Funny old world.

No one has made any assertions about SPT other than taking the T&T budget at its word. Post something if you have come across anything in your research and help people here, but since you chose to post here you are yet to share anything that might help us.

I am an optimist but it does look like SPT reform is looking slim this side of Christmas. The 1st December was a good day to announce something. Maybe Jan 1st. The trouble is I think the governments delay is majorly impacting drilling activity, it really is in their interest to get things rolling.

I wondered what the recent jump in Brent was about which is dragging WTI with it. Here is the reason why, not an insignificant event. Can see Brent well into the 70’s in the coming weeks and WTI nicely into the 60’s. I think they were heading there anyway but this is something to crystallise the traders minds. https://oilprice.com/Energy/Oil-Prices/Brent-Spikes-As-This-Major-Pipeline-Breaks-Down.html

Yes does still look like we are in a zone where somone is accumulating, ie the 15p level we have been at for a few weeks. Maybe more director buys to be announced this week.

We have a directors buy, who can blame him at 14.9p.

Possibly somone is working a buy again, we do seem to be hovering around 15p. Moves like today designed to shake a few out, not many takers though.

GO, surely even if there is some delay in the implementation of the new reigime it is better to launch the content ASAP. I read something recently that indicated to me there is peralysis in T&T with new well drilling. My view is companies like TRIN are waiting to know the lie of the land before they commit to drilling capital intensive new wells. I suspect TRIN were given guidance that there would be announcement on the new reigime by the end of 2017 which is why we commence drilling in the new year. Given that new drilling is virtually only being done by Petrotrin the quicker the government announces the changes the quicker they can start growing oil production in the country.

Feels very much like the 11p region recently and we all know what happened after that. There is an eliment or waiting for the new tax reigime, not many weeks left of the year so maybe even this week. Amazed nothing has come out of last Friday�s meeting.