Trinity has ended 2019 on a high, increasing year-on-year cash balances whilst continuing with its onshore drilling programme. Year-on-year production increased by 5%, with the full impact of the 2019 drilling campaign only being realised during Q4/19, with an exit production rate c3,400 bopd. Through SCADA and the Company's hedging programme Trinity has put in place measures to protect bottom-line free cash flow generation and ensure a resilient financial performance, with the impact of oil pri ....
20 Jan 2020
Cenkos: Trinity Exploration and Production Plc -- Strong Cash flow Generation
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Cenkos: Trinity Exploration and Production Plc -- Strong Cash flow Generation
Trinity Exploration & Production Plc (TRIN:LON) | 39.0 0 0.0% | Mkt Cap: 15.1m
- Published:
20 Jan 2020 -
Author:
James McCormack -
Pages:
7
Trinity has ended 2019 on a high, increasing year-on-year cash balances whilst continuing with its onshore drilling programme. Year-on-year production increased by 5%, with the full impact of the 2019 drilling campaign only being realised during Q4/19, with an exit production rate c3,400 bopd. Through SCADA and the Company's hedging programme Trinity has put in place measures to protect bottom-line free cash flow generation and ensure a resilient financial performance, with the impact of oil pri ....