Member Info for SuperRoty

Is it just me or are the market missing a gift horse?

Is it just me or are the market missing a gift horse

Sorry I meant expected during well testing.

I am very confident here and increased my position

Looks like a sell to me that has taken days to go through

Yes old tired oilfields, but all being well there will be a significant uplift for the new discovery. The pressure is very high and oil has flowed. This well will be the springboard to open up the field and unlike other companies I am not expecting a fundraise to develop it.

Lots of bad feeling here and rightfully so. Its a struggle to maintain the current level of bopd and that only just covers costs. However, if the last RNS is not misleading and the well flows big, its a game changer and TRIN is materially undervalued. I am cautiously adding at this level and eagerly await the flow result which are due to to be tested this month.

Hoping this works out. I have been buying the dips and now have accumulated well over 1m shares. Will continue to add sub 12p. Target 16p plus if gold holds above $1900.

A lot selling out expecting a big discounted placement to flow test and bring the well into production. They need to do a bit more research as TRIN is already producing nearly 3000 bopd and have enough cash in the bank. I am adding.

Sorry maths up the creek. lol

This is as about the most underrated company I've seen on AIM. This will move all of a sudden and the herd will jump onboard.

This happened before several years ago. When the distressed seller cleared the share price shot up from 5p to 8p in the matter of a couple of weeks. Buy and hold. I suspect they need to be out this month

Well the market is assuming a non commercial drill. zero interest here

The market does not like this change of strategy. The paid promoters have their work cup out here.

You are probably right. Volume is so low management will argue the cost of maintaining a listing is unbeneficial. Management appear clueless here as to what will drive shareholder value and their advisors appear almost non existent.

A dividend is needed here, not share buy backs.

Well the share buy back appears to be basically a non event. The last RNS looked very promising but the lack of action is causing the share price to fall even more. Management needs to be a lot more proactive here, with more ops update on the new drill target and if they are going to buy shares in the market they need to buy a lot more and update us on any dividends they are going to pay.

Further Share Buyback

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, announces that it intends to conduct on-market purchases under a third share buyback programme (the "Programme") pursuant to the shareholder authorities obtained at the Company's last annual general meeting held on 29 June 2022 ("AGM") to return up to US$ 1 million to shareholders of the Company. Under the Programme the maximum aggregate number of ordinary shares of US$ 0.01 each ("Ordinary Shares") that can be purchased is 3,215,943 Ordinary Shares (which represents approximately 10 per cent of the Company's issued share capital at the time of the AGM less 672,000 Ordinary Shares repurchased by the Company under the buyback programme announced on 20 September 2022 and 760,000 Ordinary Shares repurchased by the Company under the buyback programme announced on 24 October 2022).



The Board of Trinity still considers the Company's current market capitalisation does not reflect an appropriate valuation for the Company. In addition to its commitment to operational delivery, as announced in the Interim Results announced on 20 September 2022, it is the Company's intention to implement a new Capital Allocation Policy which is likely to include the payment of a regular dividend and a share buy-back programme. These initial share buyback programmes confirm that intent to further deliver value to the Company's shareholders.

The Programme, which will be funded from the Company's existing cash resources, will take place within the limitations of the authority granted by shareholders to the Board of Trinity at the AGM. The Programme will commence with immediate effect and will, unless terminated at an earlier date, expire at the conclusion of the 2023 AGM, or 30 June 2023, whichever is earlier (the "Expiry Date").

The minimum price (exclusive of expenses) which may be paid for each ordinary share is US$ 0.01; the maximum price (exclusive of expenses) which may be paid for any Ordinary Share shall not exceed the higher of: (i) 5 per cent above the average middle market price of the Ordinary Shares on AIM, a market operated by the London Stock Exchange plc ("AIM") for the 5 business days immediately preceding the date on which the Company agrees to buy the shares concerned; and (ii) the price of the last independent trade of any Ordinary Share and the highest independent current bid for an Ordinary Share on AIM at the time the purchase is carried out. In exercising this authority, the Company may purchase shares using any currency, including British pounds sterling ("GBP" or "£"), United States Dollars ("US$") and Euros ("€").

Share purchases will take place in open market transactions and may be made from time to time depending on market conditions, share price, trading volume and other factors. The Company has appointed Cenkos Securities Plc to manage the Programme and make market purchases of Ordinary Shares on

Much better RNS. Big share buyback and regular dividends on the cards

These delays in the permit are more than frustrating. With the inflation rate in Malawi at nearly 25% and the predicted inflation rate for 2024 being around 18%, I am having serious doubts if the construction of the mine will ever get off the ground. I have now exited my position and will watch this with interest from the sidelines. Fingers crossed the permit will land any day now for you folks.

https://www.google.com/search?q=inflation+rate+malawi&rlz=1C1CHNY_enGB824GB825&oq=inflation+rate+mal&aqs=chrome.4.69i57j0i512l9.10001j0j7&sourceid=chrome&ie=UTF-8

Its people like me selling on news to free up some beer money.

spot on. I saw this coming months ago and got out at about 20p.