Member Info for Spellbrook

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

China’s oil demand rebounds to pre Coronavirus levels

Https://oilprice.com/Energy/Crude-Oil/Chinas-Oil-Demand-Rebounds-To-Pre-Coronavirus-Levels.html

https://twitter.com/divermla/status/1262144156253724674?s=21

https://masterinvestor.co.uk/evil-diaries/evil-knievil-weekend-punting-medley/

I have registered

Nice £25,000 buy

I can also see significant share price upside to Trinity Exploration & Production (TRIN:12p), an independent oil and gas exploration and production company focused on Trinidad and Tobago (‘Trinity’s value proposition’, 10 September 2019). The company will be reporting its fourth quarter operational update shortly and analyst James McCormack at house broker Cenkos Securities predicts an exit 2019 production run rate of 3,400 barrels of oil equivalent (bopd), up from 3,017 bopd in October, buoyed by new onshore low-cost wells coming on stream.

But Cenkos is only factoring in an average realised oil price of $57 a barrel in its 2020 revenue estimate of $69m, so with WTI benchmark trading significantly higher and only 41 per cent of Trinity’s third quarter output hedged, then the company has material exposure to the higher spot oil price. Moreover, with Trinity’s net funds backing up a quarter of its market capitalisation of £46m, the shares only trade on a cash-adjusted price/earnings (PE) ratio of 7.5 based on a 2020 net profit of $5.5m even though the risk to 2020 earnings is skewed to the upside. Buy.

Https://www.investorschronicle.co.uk/comment/2020/01/06/profit-from-the-surging-oil-price/

hit 3400 bopd and 15p could be next target

500,000 BUY just gone through at 11.50p ???

Per­sad-Bisses­sar al­so laid out a plan to com­plete on­go­ing re­forms to im­prove the oil and gas tax­a­tion schemes.

She said the UNC planned to en­hance the oil and gas tax­a­tion reg­i­men to sim­pli­fy and mod­ernise the pro­duc­tion shar­ing con­tracts, ex­plo­ration and pro­duc­tion sys­tems.

Https://www.guardian.co.tt/news/kamla-lays-out-big-plans-for-tt-6.2.998309.733dfad791

new investors power point presentation

https://trinityexploration.com/wp-content/uploads/2019/10/Trinity-Shares-Investor-Evening-conference-23rd-Oct-2019vFinal2.pdf

New power point investors presentation

Https://trinityexploration.com/wp-content/uploads/2019/10/Trinity-Shares-Investor-Evening-conference-23rd-Oct-2019vFinal2.pdf

What budget 2020 needs to say
SPT needs to be low­ered in or­der to en­cour­age Her­itage, and oth­er oil com­pa­nies to drill more to in­crease pro­duc­tion

http://www.guardian.co.tt/opinion/what-budget-2020-needs-to-say-6.2.944876.e16e809bcb

http://www.guardian.co.tt/opinion/what-budget-2020-needs-to-say-6.2.944876.e16e809bcb

http://www.guardian.co.tt/opinion/what-budget-2020-needs-to-say-6.2.944876.e16e809bcb

Govt sells refinery to trade union
THE Oilfield Workers Trade Union (OWTU) has won the bid for the Pointe-a-Pierre refinery with a US$700 million offer which Government has accepted, Finance Minister Colm Imbert announced yesterday

Https://newsday.co.tt/2019/09/20/owtu-group-wins-pointe-a-pierre-refinery-with-us700m-bid/

https://www.linkedin.com/pulse/trinity-exploration-update-michael-crilly-2e/?published=t

https://ukinvestormagazine.co.uk/trinitys-offshore-potential/

TRIN H1 results presentation by Jeremy Bridglalsingh, Managing Director & CFO talks through the latest results (half year ending 30th June 2019), released 10th September 2019.

Https://www.piworld.co.uk/2019/09/16/trinity-exploration-production-trin-h1-results-presentation-at-sharesoc/

Trinity all set up.............

Polly Middlehurst
@tellypolly

Hosting another
@proactive_UK
#oilcapitalconference
@theBreweryVenue
in the ??of The City of London

Https://twitter.com/tellypolly/status/1172067327497703430