With a low operating break-even, a strong balance sheet and increasing production from new wells, Trinity, through operational initiatives and prudent financial planning already has in place a number of levers to protect the Company in the current low oil price environment. Since 2015, management has transformed the Company's operating business model, reducing G&A/bbl and opex/bbl by 56% and 37% respectively. The result is an industry leading operating break-even that has reduced by 59% in four ....
11 Mar 2020
Cenkos: Trinity Exploration and Production Plc -- Lean and Innovative
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Cenkos: Trinity Exploration and Production Plc -- Lean and Innovative
Trinity Exploration & Production Plc (TRIN:LON) | 39.5 0 0.0% | Mkt Cap: 15.3m
- Published:
11 Mar 2020 -
Author:
James McCormack -
Pages:
6
With a low operating break-even, a strong balance sheet and increasing production from new wells, Trinity, through operational initiatives and prudent financial planning already has in place a number of levers to protect the Company in the current low oil price environment. Since 2015, management has transformed the Company's operating business model, reducing G&A/bbl and opex/bbl by 56% and 37% respectively. The result is an industry leading operating break-even that has reduced by 59% in four ....