Member Info for PipeDragger

It matters zip until there is flow data. They said they would start flow testing in September. It didn't happen but that is just the norm for the sleepy company that is TRIN. is it a 50 bopd or a 1000 bopd? TRIN aren't saying. Price is going down for that reason.

Simon Thompson of IC has been promoting TRIN for many, many years. Maybe one day it will all happen. One can only guess at what the current silence on Jacobin progress means. (I remember the wells drilled at the end of last year were quietly forgotten about but it will be harder to hide the deep well as it is so expensive).

It's fantastic news when flow rates are announced at 1000 bopd. It's great news if it is 300 bopd. It's a dud if it yet another 50 bopd. We don't know which it is because they haven't flow tested the discovery.

Yeashh, when will they ever learn not set targets they can't meet! September is almost over and they have not done the flow testing. On the positive side, the dividend is being paid next month.

Moving down slowly

I am not local in Trinidad so I can't nip round to eyeball what they are up to. Anyone know if they demobilised the drilling rig yet? Or even if they have brought in the workover rig yet? 6 weeks ago they were expecting to be in production this month so there should be changes to see on site by now.

Went into my local and tried the ice cream come. £3.49 for a small Mr Whippy by Hotel Chocolat.

Then crossed the street to McDonald's for a small McFlurry £1.49. Almost the same. Tried the coffee recently - not very special at Hotel Chocolat and rather small cup. McDonald's isn't special either but the prices are a world apart.

Yes, we all hope it will be great with Jacobin, like many previous schemes. However, we as shareholders have been losing value for years. The management don't share that pain - they always gain from each incentive scheme. I have been holding here for more than 6 years so I have seen it all before. Trinity just hasn't delivered. Maybe this year they will give us a little titbit of a dividend!

The new definition of success is TRIN being no worse than its peers. I preferred it when they were focussed on absolute shareholder return, growing production etc. Snouts in the trough all the way.

Wait a bit longer and you can buy the whole company for £2k!

Just what was needed. Now I can sell up and retire early. :-)

Bebeto "another well or two"

There have been years and years of dud wells. They have one reasonable well now. (just one).

It is impossible to completely lock down news coming from a physical site. All we know for sure is that it is behind schedule. (If it was good news coming there would likely be a decent pre-news surge). Wait and see.

As I noted before, nothing really counts until the well has been flowed and shut-in pressure checked.

7,500 psi at 10,000ft depth, I work that out at roughly 3,500 psi at surface. That is very strong indeed. Won't need any pump behind that. I look forward to the well test results.

Doesn't change the dreadful overall result. They now need a miracle

I agree with Rossannan. Wells have to be flow tested then shut-in to see if the pressure comes back. If it flows well and then the shut-in pressure stays super high then they have a great find. If the shut-in pressure doesn't come back then they have a little pocket. I think they know the geology well enough that it is highly likely to be a good find. Just have to wait another month or so for the flow data

This morning's RNS looking more positive. :-)

Daily trades have almost disappeared. It was only TRIN buying their own shares. Now it is almost no-one.

IOG's track record in destroying investor value year on year has been remarkably consistent. If only they had employed really good petro-geologists then they might not have bothered. Confirmation bias is at the root of it all. They wanted to believe there were lucrative pockets of oil and gas ready and waiting so that is what they saw. hey ho.