Member Info for PipeDragger

Time to buy again.

Nice video. Maybe drilling next year. Maybe offshore agreement next year. Maybe some other things sooner. Only real positive is they are not planning another fundraise at this time. Meanwhile the stock sell-off continues..... One day maybe it will come good. I am averaging down!

Weren't they going to make a drill/no-drill decision this autumn. I see nothing in recent RNS

Not sure what the plans are. Is there any decision on a new well or is it just company wind down?

Given the low volume available my guess is 80s and 90s is the new norm. It is just guesswork. Certainly I won't be the only one sweeping up if it goes into the 70s.

Swamping with reposts - thanks guys but the market doesn't read LSE for guidance. It would be nice if TRIN had a reason to be in the 200s but it ain't yet. One day it will.

At 140 it is below the 2018 placing price of 150. We all want it to be higher but market is currently judging it on the lack of action on either development or production. I am sure they will do something someday. Tomorrow eventually will come........

SP was above 250 in 2018. They then thrashed the price down with an unnecessary fund raise at 150p. Never broken 200 since. Production dribbles up - they claimed we should expect 3700 bopd by now with the new funds. Current production is just over 3000 bopd. Until plans actually move into investment or production grows then we just have to wait. A dividend (or even a share buyback) would help show some way of return.

The price froth seems to have come off. Still a good prospect and I am glad the 50/60s seem to be gone forever.

Seems a modest amount for a worthwhile incremental expansion. The management etc seem to be putting more skin on the game - always a good thing. Shouldn't have much hit on SP.

It's really odd. If news is market sensitive it must be released by RNS before it is given in any other form. So it isn't market sensitive .....but then they thought they had better release by RNS anyway just for the record? So we have a late in day release.

For once, IOG seems to have perfect timing. First gas due in a premium market. It's been a long wait.

Maybe next year will come the transformational news.

I think the rise is driven by the very small available liquid capital. It doesn't take a lot of spending to send it up or much selling to send it down. I am not complaining, just observing that there has been no fundamental value-changing news released recently. Receiving a scheduled payment isn't big news! Yes it would be great if it stays above 100p but it was in the 50s 2 week s ago.

If there was special news it would have to be released by RNS first before it was present at the conference on Monday. Maybe the recent excitement is a little ahead of the facts.

I am delighted with the SP spike but there is no news behind it (yet). Next RNS might take to the moon ... or back to the floor. Seen it all before with REDX. Good luck all

Price has been wild swings this week without actual news. Hard to buy or sell when the direction up down isn't obvious. My guess is it will come down a bit more then stabilise. Buying and selling will become normal again. I would guess, just guess, it will stabilise around 70p until next news.

Well that stability didn't last long! I suspect it will drift down a little but future remains good.

Another good RNS out yesterday and almost no volume in trades. Tightly held stock. All waiting,/hoping for big news in the months ahead.

SP seems to be fixed with a wide spread. Negligible volume. Waiting for news. (Could be a long wait!).