RE: Incoming Trinidad update.22 Mar 2026 07:10
Great stuff Keith. Ignorami made me laugh. Sounds like some ancient Japanese order committed to reductive absurdity !!. TT has gone from a bit of a mess , to a distraction from Moroccan focus , to a money spigot which will deliver many millions in short order . I’d hoped that in time it might be worth £10mish as prepack but here we are. Trump and the Mullahs will probably be singing from the same hymn sheet regarding getting oil moving but that will take time and may be derailed by events. So in TT we have a stand alone business filling the coffers, able to grow at pace with the inflowing profits and with a premium valuation due to local interest and a secure geography. If it was all we had going forward it would justify multiples of current MC in months ahead. Available cash allows Moroccan options, secured borrowing if massive expansion desired and if Ireland decides to look again at our offerings they will see a different PRED. Quite some achievement from PG to date 👍