This morning, Trinity released its Q4/18 operational update. Production for the quarter increased by a substantial 17% to 3,205bopd (Q3/18: 2,734 bopd). Average production for the year increased by 14% to 2,871bopd (2017: 2,519bopd), seeing the Company over deliver on its 10% per annum production growth target. We leave our price target unchanged and reiterate our BUY recommendation.
15 Jan 2019
Cenkos: Trinity Exploration & Production Plc - Q4 Update – Further Profitable Growth
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Cenkos: Trinity Exploration & Production Plc - Q4 Update – Further Profitable Growth
Trinity Exploration & Production Plc (TRIN:LON) | 39.5 0 0.0% | Mkt Cap: 15.3m
- Published:
15 Jan 2019 -
Author:
James McCormack -
Pages:
5
This morning, Trinity released its Q4/18 operational update. Production for the quarter increased by a substantial 17% to 3,205bopd (Q3/18: 2,734 bopd). Average production for the year increased by 14% to 2,871bopd (2017: 2,519bopd), seeing the Company over deliver on its 10% per annum production growth target. We leave our price target unchanged and reiterate our BUY recommendation.