Against an extremely challenging backdrop and a significant decline in the oil price, we believe Trinity is well placed to weather the current downturn. The operational and financial initiatives implemented by the Board and Management since 2015 result in a business model ideally suited to a low oil price environment. During this time, the business has been transformed, with opex/bbl reducing by 37% to US$14.8/bbl and G&A reducing by 55% to US$5.1/bbl in 2019. The result is a 59% reduction in th ....
13 May 2020
Cenkos: Trinity Exploration and Production Plc -- Resilient by Design
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Cenkos: Trinity Exploration and Production Plc -- Resilient by Design
Trinity Exploration & Production Plc (TRIN:LON) | 39.5 0 0.0% | Mkt Cap: 15.3m
- Published:
13 May 2020 -
Author:
James McCormack -
Pages:
12
Against an extremely challenging backdrop and a significant decline in the oil price, we believe Trinity is well placed to weather the current downturn. The operational and financial initiatives implemented by the Board and Management since 2015 result in a business model ideally suited to a low oil price environment. During this time, the business has been transformed, with opex/bbl reducing by 37% to US$14.8/bbl and G&A reducing by 55% to US$5.1/bbl in 2019. The result is a 59% reduction in th ....