This morning, Trinity released its Q2/19 update. Production averaged 2,996bopd for Q2/19, with an average H1 production of 3,008bopd (an 8.6% YoY increase). Financial metrics for the quarter were equally positive, as cash increased from US$12.3m at the end of Q1/19 to US$17.8m as at 30 June 2019. Activity is expected to pick up significantly in H2/19, with the recommencement of the Company's onshore drilling campaign. The initial programme is for up to eight wells and significantly incorporates ....
16 Jul 2019
Cenkos: Trinity Exploration & Production Plc - Q2/19 Results
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Cenkos: Trinity Exploration & Production Plc - Q2/19 Results
Trinity Exploration & Production Plc (TRIN:LON) | 39.5 0 0.0% | Mkt Cap: 15.3m
- Published:
16 Jul 2019 -
Author:
James McCormack -
Pages:
6
This morning, Trinity released its Q2/19 update. Production averaged 2,996bopd for Q2/19, with an average H1 production of 3,008bopd (an 8.6% YoY increase). Financial metrics for the quarter were equally positive, as cash increased from US$12.3m at the end of Q1/19 to US$17.8m as at 30 June 2019. Activity is expected to pick up significantly in H2/19, with the recommencement of the Company's onshore drilling campaign. The initial programme is for up to eight wells and significantly incorporates ....