We would love to hear your thoughts about our site and services, please take our survey here.
The trouble is those now buying will vote yes for a quick few percent then move on to another similar one. Rinse and Repeat
Should land by year end as they need a result for annual bonuses
Bigger sells just before close of play. Looks like a duster and all this hype about a discovery was a bit premature. I fail to understand why the flow testing was not carried out straight after the drilling. They had years preparing for this.
Well as the MCAP descends towards £100m the vultures will be watching ready to make a move.
With production of over 20k bopd and reducing debt, a few people must be thinking that they can make a better job of running the operations than the current bunch of clowns.
Sales were only £61k today. I would have thought if the results were being circulated the sales would be much greater.
Some of the problems here are:
- Existing oilfields are in decline.
- It will cost money to develop any new discoveries
- The global market for oil seems to be in freefall.
- Management has admitted Jacobin costs have overrun but given no detail
- The PR here has been poor and it will take time to build up trust again.
- There will always be sellers but very few new buyers are being attracted.
- People are panicking and offloading before the results.
The way to get the share price moving is:
If Jacobin successful as a commercial discovery with good flow rates.
Confirm how the field development is going to be financed. TRIN cannot borrow the money, the market would prefer a jv option rather than a discounted placement.
If Jacobin is non commercial:
Confirm how Trinity takes this forward and clarify the current financing position. Again the market would prefer a jv farm in rather than a placement for any future drills,
Finally if management believe the company is materially undervalued and the share price continues to slide, simply place it up for sale to realise a decent quick return for shareholders.
I've noticed despite the big share price rise and purchase volume there is hardly any mention of 88# by retail investors either here or on X. Always a good sign meaning folks are still loading up and taking their positions.
I am going to hold but there is possibility a problem brewing. The locals want a nature reserve and may block the river.
"The communities of the Tapiche and Blanco river basin will paralyze activities related to hydrocarbons and will prevent the Petrotal company from entering the area, until GOREL supports its proposal for a regional conservation area.
This measure is announced after the governor did not hold a meeting with the leaders despite their insistence for months."
https://www.actualidadambiental.pe/loreto-organizacion-indigena-anuncia-cierre-de-cuencas-tapiche-y-blanco-como-medida-de-fuerza/