Member Info for PipeDragger

Surely a joint venture or a massive loan to finance TGAL? They would struggle to raise a loan in the present market. The expectation they will attempt another share funding stunt is certainly one of the factors (not the biggest) in the collapse of the share price just now. The other factor is their otherwise very modest plans to grow production by 10% per year. If that translates into share value then wow it will be over 15p next year and I will be at breakeven in 2 years -woohoo!

Albi1. What I share for certain is that the team that are doing the work now are the best. Some of them are former working colleagues. HUR are well funded and it will all get resolved with no-one taking chances.

To the DP and Weather experts we now have Rope experts. ha ha ha ........ (sorry guys but you really have no idea). Just chill, they will get it sorted.

To the armchair DP and Weather experts we now have Rope experts. ha ha ha ........ (sorry guys but you really have no idea). Just chill, they will get it sorted.

The management seem relaxed at the high debt and inability to grow production to fill the facilities. They don't have confidence that the next couple of wells will add to production. Hmmm. So what is their long term plan - how will they ever fill GTU3.

The tidal current can be severe (been there many times). It can be flat calm yet with a ripping current. Check the moon phases. It will all hook up eventually. One project I knew had to wait 3 months before installation but that was unusual.

The shenanigans in Westminster aren't helping! TXP is otherwise doing okay!

At last ..... and looks like it is here to stay.

Confounded. Jan 2015 it was 21p. Yes maybe to see this year again would be nice. (oh the poverty of ambition we now have). My average is 17p

I have been on ships that have stayed out near Lancaster in big weather. Sometimes we used to hide behind Foula - which is halfway - when it was bad. When it was really bad we would go to Shetland - but there isn't any really good places to hole up a big tub unless you have a fully prepared anchorage with all the chains already in place. If the AM is running from weather then it is quite a long way to somewhere where it can be held with just a few tugs. Maybe that is why it has gone so far. The AM only has a mini-DP system suitable for a hook up in fair weather.

Will it happen in the final quarter update. Not long to find out. Usually an incentive scheme like they announced today means they expect the SP is going to improve soon. I sure hope so.

Q3 operational update 2014
45,000 boepd rising to 100,000 by 2016
GTU3 to be completed by 2016

Q3 operational update 2016
44,000 boepd rising to 100,000 by 2019
GTU3 to be completed in 2017

Q3 operational update 2018
31,776 boepd - (no guidance for 2019 production - NOG speak for another decline)
GTU3 to be completed in 2019

It is rather ominous that they expect to fill GTU3 in "next 3-5 years". Over promising and under delivering seems to be the company rule. Nothing on GTU3 seems to get to completion and production declines. What is not acceptable is consistent porky pies every year. Will they ever be able to improve production or is it just in natural terminal decline - it is hard for PIs to assess from unreliable company reports.

doh, suspenders is a joke. I think the CEO left so he wasn't forced to buy his share options - ha ha ha. (another joke).
Okay then: being serious - yes the company is fast running out of cash due to lack of hydrocarbon production success (not funny)

as correctly predicted by manos, I think. Now suspended in Australian stock exchange

Are the reason for the price collapse. IMHO Wasn't the facility supposed to be ready 2 years ago and production at 50k. The latest update doesn't give much hope of anything getting much better in the next year. At least they seem to be paying the bills.

CRL. I wish TRIN was worth selling. Right now it isn't - just a straight loss after a year of holding. The price now reflects the underwhelming performance of the last quarter coupled with poor hangover sentiment from the fundraise and low ambition of 10% pa. That 3k figure is just 2 weeks of October - I hope it holds. You are welcome to express your opinions about market manipulation - it was getting tiresome after months. I will be looking back in January to see if the next quarter is delivering sustained growth.

The daily responses from CRL. Give it break.. The share price follows the fundamentals. Trinity haven't had a great quarter but at least they have got better production in the last fortnight. I wish it was better, I really wish it was.

It is good they are claiming 3000 now but the production issues of the previous few months are hardly champagne cork stuff. Long term hold.

There must be something in the background. Maybe production issues or they have been careless with discussing funding of TGAL. Not generally good across AIM today but must be something extra going on at TRIN. Proverbial long term hold. bah humbug

paid!