Trinity previously disclosed 2014 average production of 3,603 bbl/d. The 2014 cash flow result is estimated at approximately US$9 mm (FCC US$5 mm). We were anticipating negative cash flow of US$1 mm in 2H14, versus actual results of US$3 mm. The Company has maintained its 2015 production guidance between 3,000 bbl/d and 3,400 bbl/d. Our 2015e production forecast is near the low end of guidance at 2,900 bbl/d. Our 2015e cash flow estimate has improved to negative US$12 mm, due to slightly impr
28 May 2015
Trinity Exploration and Production Announces Year-End 2014 Results
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Trinity Exploration and Production Announces Year-End 2014 Results
Trinity Exploration & Production Plc (TRIN:LON) | 39.0 0 0.0% | Mkt Cap: 15.1m
- Published:
28 May 2015 -
Author:
Darren B. Engels -
Pages:
6
Trinity previously disclosed 2014 average production of 3,603 bbl/d. The 2014 cash flow result is estimated at approximately US$9 mm (FCC US$5 mm). We were anticipating negative cash flow of US$1 mm in 2H14, versus actual results of US$3 mm. The Company has maintained its 2015 production guidance between 3,000 bbl/d and 3,400 bbl/d. Our 2015e production forecast is near the low end of guidance at 2,900 bbl/d. Our 2015e cash flow estimate has improved to negative US$12 mm, due to slightly impr