Trinity's 2021 results highlight a company with a strong, resilient, cashflow generative foundation, from which lies the potential to meaningfully increase reserves and production via low-risk, low-cost repeatable drilling campaigns. The Company's fully funded, six well 2022 drilling programme will commence in H2/22 and target an aggregate 450-1,100mbbls of reserves at a cost of US$14-17m. In addition to drilling four “conventional” low angle wells, Trinity will also drill one horizontal well – ....
24 May 2022
Cenkos: Trinity Exploration and Production Plc - A Refreshed Growth Strategy
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Cenkos: Trinity Exploration and Production Plc - A Refreshed Growth Strategy
Trinity Exploration & Production Plc (TRIN:LON) | 40.0 0 0.0% | Mkt Cap: 15.5m
- Published:
24 May 2022 -
Author:
James McCormack -
Pages:
17
Trinity's 2021 results highlight a company with a strong, resilient, cashflow generative foundation, from which lies the potential to meaningfully increase reserves and production via low-risk, low-cost repeatable drilling campaigns. The Company's fully funded, six well 2022 drilling programme will commence in H2/22 and target an aggregate 450-1,100mbbls of reserves at a cost of US$14-17m. In addition to drilling four “conventional” low angle wells, Trinity will also drill one horizontal well – ....