Member Info for PipeDragger

These are broker targets for 6 month ahead and set less than one week ago. We may not like them or agree with them but that is their assessment of where the SP will be.

Take your pick. of the most recent published targets

Yup, time to leave was this morning

25th April 2016 RNS "Trinity is continuing to target an eventual run-rate closer to 3,000 bopd over the next 12 month".

10th July 2023 RNS "Production sales guidance for the full year 2023 remains unchanged at 2,800 bopd - 3,100 bopd".

While the financial health has improved, shareholders have lost interest and SP has halved.

Will they pay a dividend as planned? I wouldn't be surprised if they cancel, given their record.

I think they mean at least one month before they can figure out whether it is a meaningful drill or n

Just one well and with modest production. It will decline. IOH need a miracle.

I am now wondering if the share price will bottom out before the well

At spudding, it was predicted to reach bottom by 19th June. I wonder how many months before we learn if it is a success or "below expectations". They were terribly coy about the infill wells drilled at the end of last year: I couldn't work out if they returned the investment or not.

Share price unlikely to stabilise until they have stable flow established.

Because there is just one producing well after a long series of duds and disappointments. They have ended up like Hurricane Energy. All that money and hardware for just one ok well

One reasonable well. So they survive. Need more good wells to return investment.

IOG's problem is more basic than this. Every well they have drilled (for several years) has been a dud or a disappointment. Great infrastructure built but the hydrocarbons are elusive.

TRIN has been long on promises over the years but short on results. Lets hope the drilling roulette has a better result this time. I suspect the dividend might depend on it. GLA.

Flat production reconfirmed this morning. How many years must we wait for them to consistently break 3000 bopd?

Chill everyone, it is Friday, lots of us have lost money here.

If you know the movie "if we build it they will come". IOG version: if we build platforms and commission a pipeline the gas will come". If only it were true.

Don't be ridiculous, we need at least a 1000% rise. ...... lol

It isn't deja vu, it is just a consistent pattern of confirmation bias and dud after dud result, Harvey, Skipper, Southwark, Blyth, Elgood.... so many duds it gets hard to remember them all. Year after year we get the same over-expectation followed by a poor result (or a shut-in well). There is good reason that these marginal pockets of hydrocarbon were left behind by the majors decades ago. I hope they get some better geologists on the game.

Under expectations but at least not a complete dud

Decimal point in the wrong place. 5.82% increase.