Member Info for PipeDragger

Now the price guessing begins. Lisa Anson has done well with most challenges to date.

TRIN have many old wells in depleted fields. As they have been sucked out for generations, you can inject forever to little effect. Bruce Dingwall has said the same. Range Resources is a good example of how bad an idea it is. TRINs current production challenges are a bit more basic - e.g. keeping rigs in certificate...... or drilling some new holes in the ground.

Jon Moulton was one of the original startup investors at 85p. I am sure he wants to get back to that with at leàst 8 years of interest on top!

The Hartman report makes clear they need a lot more cash to keep going. So everyone brace for another dilution. On that note... Happy Christmas!

There must be something good to come eventually. I think their cash flow is now okay from licensing. Drug trials ongoing now. No news being shared with Investors at the moment so it is a bit of a guess. Let's hope the news flow restarts in 2020.

Good exploration result takes a while before it will be seen in actual production. The real value comes in cash flow later.

The master of over invest, over promise and under delivery is gone.

For what it is worth, I think the drop in SP is due to the current low production rate of 13k as compared to the prior to FOIL predicted 17k. Production equals cash flow. It should all come good next year when they open all the taps. Sooner the better for SP.

Maybe TRIN is getting a little of the glitter trail left by TXP today.

yes but the difference is Amerisur is for sale and it had a valuable pipeline.

Up and down each day. Yesterday opened at 161 then down to 151. Very little volume. MMs seem to find it a tricky stock to buy and sell. I think it should do well after Brexit.

OT, the fund raising was expressly to pay off debt and accelerate production growth at >10%. Hasn't happened - production actually collapsed for a while afterwards. The most recent RNS is one of many with disappointing results - the current excuse is that they hadn't kept their rigs certified! Maybe they will get to 3400 bopd soon but I have seen them so many times fail to meet their own targets so I won't be betting the house on it. Meanwhile they try to flannel us with talk of a SCADA - wow starting to use 20th century technology! I am holding in the hope that it will all come good before I retire. Production growth in itself does not equal share value unless there is a long term plan to sell the company or pay a dividend - neither are in prospect until some of the BoD decide to retire and want to get value out.

I was just going on the charts in the April 2018 presentation. Production is cash flow. I am a long term holder - just observing the obvious. GLA

Last year HUR forecast to be at 17,000 within 6 months. A long way from that target yet. It does dampen the price somewhat. Hopefully they will ramp up soon.

The positive is that our chances of another thrashing dilution are reduced while we remain at this SP level. Production growth is 0% in the 18 months since June 2018 fundraising (instead of >10% year on year). Lets hope the next quarter results have some improvement!

Hmm, not a great idea when investors try to express their thoughts on anchorages (why?). Suction piles are much stronger and more accurate to place than drag anchors. Suction piles pump out easily at end of project as well. Drag anchors are very exciting when they unexpectedly pull out - complete mayhem across the seabed ensues. The AM is well secured and isn't going anywhere no matter what the weather throws at it. Nice to see HUR sp move up a little, hopefully some good news ahead. GLA

TRIN has market cap of 34M and sitting on cash of 15M. It should be a no-brainer to buy if there was some way of gaining benefit. But there is no dividend. It isn't for sale. Its production growth is very modest. How can PIs get value out of this stock. The only consolation is that the management incentive plan will soon pay them zero as it is based on a target of 35p.

Not great. Meanwhile TXP are working hard to build a business. Just over the fence. TRIN continues to sleep on its patch and keep cash for what?

I wouldn't trust Peel Hunt view on anything....AIM is littered with crashed and burned stocks that they recommended!

Good final results. Everything seems up by a little. Solid business.