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This aim oiler with no debt is slowly getting a bit more interest, good results in 2 weeks along with one or 2 good updates and we push higher into double digits.
TXP was up apparently 466% last year
How much % will TRIN do in 20216ttt
Wonder if these can be used in any joint MOU
As at 30 June 2019, the Group had unrecognised tax losses of USD 234.8 million (H1 2018: 213.0 million) which have no expiry date.
Still here, nothing has changed imo for Trin, they are still making money in TT
o Memorandum of Understanding (MoU) signed with both a Large International Operator and a Large International Contractor on new business initiatives
o Submitted Expressions of Interest ("EOI's") alongside Large Consortium partner on two new opportunities of scale in Trinidad
Someone’s stake building expect a TR1 soon
Interesting times ahead, election, & SPT changes for this aim oiler with NO DEBT & MILLIONS in the bank
Large buy is a rollover imo
I’m still here, still adding
Great performance during covid with costs coming down
We may yet still be rewarded on our investment choice
Cheap shareprice
US$ 19.3 million (equivalent to c 4.0p/share
Worth logging into investormeet Trin presentation and listening again as there are a few snippets
Another oil hedge
Lots happening
Jubilee
When Petrotrin was busted up, the Heritage Petroleum company was formed to deal with exploration and production, both on and offshore. The jewel in the crown is the Jubilee field.
According to the Guardian of 11 April 2012, on 30 March: “Prime Minister Kamla Persad-Bissessar announced that Petrotrin had made a discovery of a 48-million-barrel field in Cluster 6 of Trinmar’s southwest Soldado acreage. She declared that God was a Trini and that as a result of the Jubilee discovery, government would be in a position to make economic decisions faster because of the availability of additional funds.
“She said: ‘So what does it now mean for the man in the street, for the citizen of T&T? In a phrase, if I would sum it, I would say better times in the best of initiatives that will benefit you the citizen of T&T.’
“Trinmar’s chairman Lindsay Gillette also announced that the discovery was made close to existing infrastructure and in shallow water, allowing the company to produce the field within a year.”
That was eight years ago. Not a litre, far less a barrel of oil, has been produced. What happened instead is that the integrated oil company, Petrotrin, has been dismantled, Heritage established and it is now seeking ‘joint partners’ (read foreign capital) to develop the field.
So Heritage, already trying to confuffle one’s brain with its sleight of hand financial statement, is now seeking expressions of interest with hope of attracting what they term the ‘right partners’ for developing the Jubilee field which will need ‘significant capital injections and the application of specialised technology’.
To this end, Heritage is inviting local and international exploration and production companies to participate. So we have come full circle. From the plantation to the plantation!
Cash cow
Low-cost producer Trinity remains cash generative
Http://www.hubinvest.com/AIMPDFJune2020_129.pdf
opec plus agrees to extend the cuts by one more month (ie till the end of July)
Trin making millions
Trin also looking to get breakeven to $20
No debt, looking interesting
Trin May do some more hedging soon
Following drawdown of Trinity's US$ 2.7 million overdraft facility with CIBC, unaudited cash balances at the end of April 2020 were approximately US$ 16.3 million. On sale of the VAT Bonds, proforma cash balances are expected to be approximately US$ 19.1 million (equivalent to c. 4.0p/share)
A great write up by another investor who has given permission for me to share
It is his own analysis and opinion, dyor
May 25th 2020
https://www.linkedin.com/pulse/trinity-exploration-update-michael-crilly-3e
I will join you with a to up in the morning gl
Over $35 now, maybe a bit of TRIN hedging soon
Been a good week for Trin, a lot of new buyers interested in this well managed with no debt and millions in the bank and making millions with low breakeven...A rarity amongst its peers