Member Info for crl123

as expected.

Same problem as WD onshore assets last February to Touchstone. Market will probably abuse the info. Materially it keeps 217 barrels extra a day at about $15 breakeven. They may find another buyer but have 12 mill in cash anyway. The onshore assets are dirt cheap and Trin is not distressed. Management team sharp. Prob see Trin punished but it doesn't need to be.

is 7% less SPT. Now approx. 11% onshore (2/3 of production)26% offshore (1/3 of production. ) No PPT.For years. Shame Trin is not reacting like Touchstone.Ought to.Is in a stronger position.Not making a loss!

A good approach re. shares and politics. Especially when they are connected. But factoring in the potential within a real framework is what keeps us here. And adds a few Xmas fairylights in the imagination. Expect not and you won't be disappointed. But dream not and you may live a half-life. ( comes from me and not a saying btw !)

down

As I understood it the ''no discount'' was a temporary blip due to Texas refineries being dwow for 2 weeks due to hurricane. I think it's business as usual now as far as I understood it. No discount is bonus if still ongoing. I personally would not be surprised to hear announcement 2nd/3rd week Dec. Bearing in mind that T and T govt. want to maximize tax revenue then it'll be very interesting how it'll encourage oil production...tiered profit taxes seem sensible. Politics is not always sensible though is it! I see it as hard to avoid announcement now..like you. They've put it in the budget. But even with SPT as it stands ..Trin should cope with profit and CLN payback. Hedging covers the backdrop side of things.By mid next year I feel we should know...and if SPT is revised in a constructive way we will find out sooner!

We may see $60. Big surprise to me. Every dollar over 54.4 is good for Trin if we don't factor in SPT change. But personally I can't see how the govt. can go back on SPT announcement this year (which leaves them 4 weeks).Only reason it was delayed early this year was triple bypass heart surgery on Finance Minister in January! It's been 2 months since results meeting in London. What's another 4 weeks to wait? Should be interesting. Devil will be in detail of course. Trin win win either way though. Profit assured.

Unbeatable. Did Pikes Peak in 4.0 convertible Mustang. 34 degrees at bottom. -4 at top. 1 1/2 hrs to drive. With my son. Magical eternal memory. Have a fantastic time ( p.s. yes..guns...spit !!!! ) No comment re. Trin. Frozen atm.

vs UK rain :-( Oh well... U done East to West by self or with group/ partner? Btw don't pay attn. to most of posters on Advfn. re.Trin. Own agendas.

Spend that gravy !! (I'm gonna do same as u on 2 wheels.) Hope In n Out does not refer to after-effects. Spend now... recoup later. Still hate u ( immature envy!)

I think it may have been mildly overlooked that the $4.6 mill from RRL is in itself 2/3 of the CLN repayment due beginning 2018.Almost a pre-buffer. Certainly it can be used to pay off govt. debt early ...which has the same ultimate effect of defanging the threat of CLN conversion. Just a passing thought. Early swelling cash reserves along with prudent hedging just in case oil does a wobbly. Trin never used to do this. It was always too gung-ho before present management.

Nice detailed post ( as usual).Unusually for me I am a little more bullish re. S/p next year but am always tugged by caveats of course. Capital raise is not to be considered for at least a year IMO....and may include farm-in . Merger always a possibility.Debt repayment urgent priority for 12 months of course. Bbls increase is way forward. Pivotal issue atm is SPT if it happens. Volatility likely which may suit some investors. You are fortunate in your very long-term holding capacity. It is the best way here certainly. Many will come and go in that time. Can't believe I've been in this for 4 years already though !! Phew. Man@ca......spend some of those sweated dollars in an unwise but very enjoyable way !!! I guess u past SLC and into Calif. now. Hate you.

Well said. BOD aware of all this stuff. They weee not expecting SPT announcement and wait with baited breath. Trin set to flourish either way. WH assessment very worth a read for all MTH and LTH. Great spreadsheet by GO. Put a lot of work into that.Recommended.

Have emailed

believe

Hmm. Well....they wpuld say that wouldn't they. They need the kudos. I prefer to belive them though tbh

I don't have an inbox showing under members.

Having met them. Talked in depth with them.Having seen how damned shrewd they are.....don't fall for sentiment nor hype. Acknowledge your risk tolerance and either compromise or just leave it all. I agree with Confounded. Share drop? Sure. Rise? Sure. But don't fall for spin or negativity( nor false positivity ). Even Warren Buffet lost a fortune on Tesco. Hitler invaded Russia. Theresa May called an election. Cameron called a referendum. And ...ummm......share posters get things wrong too. A lot. No knee jerks

overlapped with Confoinded. We sing from the same hymn-book. I agree wholeheartedly. Man@ca... watch the presentation link !!! Confounded has posted a very wise post too.

One of primary rules in investing is not to knee-jerk on chat-advice. Share-tips for instance. I know how nervous youvare tgat you could lose it . No more nervous than me. We have both been through this and I suspect it has taken more of a toll on me even if you are nervous. This share price will not necessarily drop. Nor rise. It may do either. Or stagnate. We may get news re. SPT in Dec. Or not. We will get Q4 update early Feb ( week2). We will have an idea where oil is by then. 2 brokers have this at above 30p. I've never thought that likely within a year as you know. I do not share any pessimism. I feel the company knows the score. Share prices go up. They go down. Often on sentiment in AIM. Scroll back a day or two and watch Bruce Dingwalls presentation by the link provided by a poster. It is very useful. I have always said that if ur nervous then sell enough to calm your nerves. I am glad u followed encouragement to buy at 3p 18 months ago. Or you would be stuffed. But to sell on a whim is not good unless you have a better home for your money. You can sell a portion ..sure. Or all of it You can do wtf you like. But....nothing....I repeat ..nothing has changed from 2 weeks ago when this was 19.5p. Oil is over SPT .... but it has to average it for 3 months to be charged and an overhaul is promised even if we don't know for sure. No-one can ever ever know where this s/p will go. But we can know the competence of the company responsible. GO seems to be implying a dip over next few months. Maybe. Maybe not. He is very clued in indeed but he is holding on himself...and remember what he said about the plant. Noone can tell a shareprice...you should know that by now. Only opinions. And people change them. I see this here. You decide . Don't let someone else do it for you. Even if u decide to sell £10k. You decide yourself as noone should fill you with either pessimism nor optimism. "Just drive".................. Still rather be there