Following our recent update, we have provided some further clarification regarding our financial forecasts, outlining our changes whilst upgrading our year end cash forecasts. Our revised cash forecasts are US$20.0m for FY21E and US$17.7m for FY22E (in advance of Echo FID). Furthermore, despite the challenging macro-environment, Trinity is highly geared towards increases in the oil price, with a US$60/bbl average realised oil price increasing our FY21E, closing cash expectations further to US$23 ....
18 Feb 2021
Cenkos: Trinity Exploration and Production Plc -- Scaling the Business
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Cenkos: Trinity Exploration and Production Plc -- Scaling the Business
Trinity Exploration & Production Plc (TRIN:LON) | 39.5 0 0.0% | Mkt Cap: 15.3m
- Published:
18 Feb 2021 -
Author:
James McCormack -
Pages:
9
Following our recent update, we have provided some further clarification regarding our financial forecasts, outlining our changes whilst upgrading our year end cash forecasts. Our revised cash forecasts are US$20.0m for FY21E and US$17.7m for FY22E (in advance of Echo FID). Furthermore, despite the challenging macro-environment, Trinity is highly geared towards increases in the oil price, with a US$60/bbl average realised oil price increasing our FY21E, closing cash expectations further to US$23 ....