Trinity has proven the sustainability and resilience of the Company's business model, increasing both production and cash despite significant challenges in 2020. FY20 average production volumes increased 7% on 2019 to 3,226bopd despite no new drilling activity in 2020. Cash at 31 December 2020 was US$20.2m, a 27% YoY increase – driven by strong operating cash flow, and achieved despite a 36% reduction in average oil price realisations versus 2019. Average production volumes in Q4/20 increased by ....
22 Jan 2021
Cenkos: Trinity Exploration & Production Plc -- Growing Production and Cash Flow
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Cenkos: Trinity Exploration & Production Plc -- Growing Production and Cash Flow
Trinity Exploration & Production Plc (TRIN:LON) | 37.2 0 0.0% | Mkt Cap: 14.5m
- Published:
22 Jan 2021 -
Author:
James McCormack -
Pages:
8
Trinity has proven the sustainability and resilience of the Company's business model, increasing both production and cash despite significant challenges in 2020. FY20 average production volumes increased 7% on 2019 to 3,226bopd despite no new drilling activity in 2020. Cash at 31 December 2020 was US$20.2m, a 27% YoY increase – driven by strong operating cash flow, and achieved despite a 36% reduction in average oil price realisations versus 2019. Average production volumes in Q4/20 increased by ....