Member Info for rossannan

Alans55

“Sorry, wrong board”

Astute commentary on TRIN, perhaps.

Or a credible growth catalyst like Galeota, which sadly seems to be gathering dust under an insufficiently friendly fiscal regime.

Really looking forward to getting my teeth into that update.

ab76

No, you were probably right with “coming week”!

ab76

“on February 14th final marine operations on ABM-151 commenced. They were estimated to take a week and were expected to result in production of between 60 and 110 BOPD”

In a few weeks we will know whether those figures were accurate predictions or mere aspirations…

In the short term though there should be a recovery (no doubt frustratingly slow) towards the previous high watermark (12p) as all this new information is digested. I remain very relieved that the audit delay was not down to some awful skeleton in the cupboard.

The tailings are certainly a significant catalyst for anyone looking beyond the short term.

Certainly frustrating, but, all things considered, I am, on balance, a happy camper this morning.

ab76

Are you still in TRIN?

Do you not think that the substantial shareholders should now be giving the BoD a much harder time than they have to date?

“their management is physically near the the oil wells and know the place as well as anyone could”

What is their excuse then?

It is a ridiculously long time since this has been updated:

https://www.energy.gov.tt/wp-content/uploads/2022/07/MEEI-Consolidated-Monthly-Bulletins-January-May-2022-.pdf

These bulletins used to be much more regular, less in arrears and therefore a useful resource. Is the Government perhaps too embarrassed to report on their ongoing failure to raise production levels?

That is harsh - the 90s are worst case surely!

I am beginning to wonder how much they can control. If Monday’s Budget doesn’t see the current temporary $75 onshore SPT threshold made permanent, TRIN really won’t have much going for it.

Is it that positive? The badly judged hedges that are part of the problem are at least are expiring, but there is no sign that the other part of the problem, SPT, is going away anytime soon. I am not expecting much from the Budget on Monday. Amazing lack of interest/volume in TRIN. Investors have watched the potential growth catalysts disappear one by one and have now largely given up.

“A P/E ratio of just 1.4 in 2023”

You will want to kick the tyres of that one!

I am underwhelmed by that update but it is not true to say that if the drilling fails the cash is gone, not when four of the wells are low risk/conventional.

buzzthomas

Surely the warrants are designed more than anything for playing the OM decision?

Yes, all will be forgiven if they show real determination in pressing ahead with stuff they can actually control.

comeonvog

That seems unduly harsh. Is the toxic fiscal regime not the main problem?