Jeremy Bridglalsingh, Managing Director & CFO talks through the latest results (half year ending 30th June 2019), released 10th September 2019.
Why Trinidad? – 00:18 Who is Trinity? And management shareholdings – 02:49 Asset Summaries – 04:22 2019 Interim results & post period highlights – 05:56 Increasing margins & financial resilience – 11:10 Margin drivers – 12:01 Organic growth path: Reserves & Production – 14:59 Onshore: optimising base production – 16:54 Onshore: growing base production: doing it differently – 19:28 FCF generation – 22:26 Offshore: Further development of Galeota Anticline – 27:39 Modus operandi – 30:02 Summary – 30:39 Q&A: 30:56
Trinity Exploration & Production plc is an independent oil and gas company focused solely on Trinidad & Tobago. The Company operates a portfolio of producing and development assets both onshore and offshore, in the shallow waters West and East Coasts of Trinidad. The Company operates through the segment of production, development and exploration and extraction of hydrocarbons. It operates in Trinidad & Tobago with assets onshore and offshore the East and West Coast. The Company holds approximately 100% interest in the exploration license for the Pletmos Inshore block, which covers an area of approximately 11,000 square kilometers. The Trinidad & Tobago is a prolific hydrocarbon basin. Trinidad & Tobago offers a fiscal regime and regulatory environment. The Company’s total average net production is approximately 2,900 barrels of oil per day (bopd). All non-current assets of the Company are located in Trinidad & Tobago.