Trinity released its H1/18 update this morning, following a transformative six months in which the Company recommenced drilling and grew production. The first six months of 2018 saw a YoY 16% increase in oil production yielding an impressive 58% uplift in adj. EBITDA (operating profit before taxes, adjusted for DD&A) to US$9.3 million (US$18.6/bbl) and sustained a robust operating break-even of US$28.5/bbl. The post period fundraise of US$20m has left the Company debt free and able to accelerate ....
24 Sep 2018
Cenkos: Trinity Exploration & Production Plc - Initiation & H1/18 Interim Results
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Cenkos: Trinity Exploration & Production Plc - Initiation & H1/18 Interim Results
Trinity Exploration & Production Plc (TRIN:LON) | 39.0 0 0.0% | Mkt Cap: 15.1m
- Published:
24 Sep 2018 -
Author:
James McCormack -
Pages:
31
Trinity released its H1/18 update this morning, following a transformative six months in which the Company recommenced drilling and grew production. The first six months of 2018 saw a YoY 16% increase in oil production yielding an impressive 58% uplift in adj. EBITDA (operating profit before taxes, adjusted for DD&A) to US$9.3 million (US$18.6/bbl) and sustained a robust operating break-even of US$28.5/bbl. The post period fundraise of US$20m has left the Company debt free and able to accelerate ....