logo-loader
Energy
Trinity Exploration & Production PLC

Trinity Exploration cashflow-positive, debt free and growing its production base

Bruce Dingwall, executive chairman of Trinity Exploration & Production PLC (LON:TRIN), speaks to Proactive London's Andrew Scott soon after the release of their interim results to 30 June 2019.

Production averaged 3,008 bopd, a like-for-like increase of 9% versus the same period last year and Dingwall expects that to rise in the second half of this year as they kick off onshore drilling.

Production has already begun from the first new infill well of the campaign with production from the second well expected imminently.

''It's very much a production-led business'', Dingwall says.

''We judge ourselves on production and cashflow - that's it''

Quick facts: Trinity Exploration & Production PLC

Price: 9.35 GBX

Market: AIM
Market Cap: £35.91 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Oracle Power's Pakistan block recognised as potential...

Headlines from the Proactive UK newsroom. Oracle Power PLC’s (LON:ORCP) resource on Block VI at Thar in Pakistan has been officially recognised as a potential coal gasification into fertiliser project. Pakistan is estimated to face a sizeable fertiliser shortage by 2026. Arc Minerals Ltd...

17 hours, 48 minutes ago

2 min read