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Companies >
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Trinity Exploration & Production >
Research >
Cenkos: Trinity Exploration & Production Plc - Q3 Results

  • 13 Nov 2019

Cenkos: Trinity Exploration & Production Plc - Q3 Results


Trinity Exploration & Production | TRIN | 9.0 0 (-0.6%) | Mkt Cap: 34.8m


  • Cenkos Securities
    • James McCormack

    • 6 pages

Oil & Gas - E&Ps image


 
Oil & Gas - E&Ps image


Trinity recently released its Q3/19 operational update in which the Company continued to focus on maintaining base production, whilst increasing its low-cost, high margin production. Production averaged 2,816bopd in Q3/19, a 3% YoY increase (Q3/18 2,734bopd). Two of the four new onshore infill wells came onstream during the period, with a third well coming onstream post-period end, increasing base production to 3,017bopd during October, with an expected year-end exit production rate of c3,400bop ....

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