TRADING UPDATES: Facilities by ADF profit hit by Hollywood strikes
26th Apr 2024 20:02
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Trinity Exploration & Production PLC on Monday said its recoverable reserves and resource base had declined following a revision of estimates. Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Trinity Exploration & Production PLC - exploration and production company, focused on oil projects in Trinidad & Tobago - Says sales volumes for fourth quarter of 2023 averaged 2,736 barrels of oil per day, up 1.1% from 2,705 barrels in the third quarter. Full-year volumes averaged 2,790 bopd, down 6.2% from 2,975 bopd in 2022 and "marginally below" previous guidance of between 2,800 and 2,900 bopd. Quarterly onshore sales averaged 1,462 bopd, down 2.1% from 1,493. Average realisation of USD71.6 per barrel in the fourth quarter is down from USD75.4 the prior year. Pre-hedging earnings before interest, tax, depreciation and amortisation decreases to USD4.1 million from USD7.0 million. Read More
Trinity Exploration & Production PLC - exploration and production company, focused on oil projects in Trinidad & Tobago - Says the Trinidad & Tobago Finance Act 2023, approved by the country's president in December, has now taken effect. The act drops the supplemental petroleum tax rate for small shallow marine area producers, defined as petroleum producers in marine areas producing less than 4,000 barrels of crude oil per day. All existing offshore production as well as future growth projects which fall under this limit "will benefit significantly from this reform", Trinity says. Read More
(Alliance News) - Trinity Exploration & Production PLC on Monday said that operational challenges had slowed production at its Jacobin oil discovery project. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Trinity Exploration & Production PLC - Leeds-based exploration and production company focused on Trinidad & Tobago - Intends to restart production test at Jacobin well "imminently" to obtain a sustained flow rate. Says well is cleaning-up with an initial mixed flow comprising oil, water and completion fluids, with no visible sign of sand at the surface. This comes after it reported last week that operations to bring the well back into production started on a 3/64th-inch choke, and were gradually increased to an 8/64th-inch choke. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - Trinity Exploration & Production PLC shares fell on Monday after the company reduced its full-year sales guidance due to a drop in quarterly sales volumes. Read More
Trinity Exploration & Production PLC - Independent exploration and production company focused on Trinidad & Tobago - Welcomes the Government of Trinidad & Tobago's stated intention to stimulate "higher levels of activity and investment" in the energy sector, as set out in its budget statement for next year, delivered on October 2. The statement included a proposal to change the Supplemental Petroleum Tax regime for shallow marine areas similar to reforms that have been made previously to onshore activities. Read More
Trinity Exploration & Production PLC - an independent exploration and production company focused on Trinidad & Tobago - Interim pretax profit in the first half of 2023 is USD1.1 million, swung from a loss of USD322,000 a year prior. Revenue falls to USD33.8 million from USD48.5 million. However, operating expenses decrease to USD23.4 million from USD35.7 million. Average realised oil price falls 28% to USD65.2 per barrel from USD90.1 a year ago. Average net sales fall to 2,861 barrels of oil per day from 2,974 bopd. Meanwhile, overdraft facility grows 60% to USD8.0 million as at August 25 following upsized credit facility with FirstCaribbean International Bank (Trinidad & Tobago) Ltd, from USD5.0 million before the upsized facility. Company declares inaugural interim dividend of 0.5 pence per share. Looking ahead, Chief Executive Officer Jeremy Bridglalsingh expects further progress and a "very busy and exciting time for Trinity." Read More
(Alliance News) - Trinity Exploration & Production PLC on Monday said it has begun the environmental impact assessment for the Buenos Ayres block, onshore Trinidad. Read More
(Alliance News) - Stock prices in London were lower at midday on Monday, as investors eye inflation data from China and the US out on Wednesday and Thursday, respectively. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
Trinity Exploration & Production PLC - independent exploration and production company focused on Trinidad and Tobago - Confirms discovery of oil at Jacobin-1 site in the Lower Cruse sandstones within the Palo Seco area of the Southern Basin, near Trinidad. Over 290 feet of net oil pay encountered in Jacobin well, including 63 feet of net oil pay in deeper exploration targets. Trinity Exploration says that a comprehensive logging and pressure sampling confirms virgin pressures in these deeper zones that are within pre-drill range for a commercial discovery. The company is planning flow testing to confirm the durability of the reservoirs, which it is planning on starting in September. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Trinity Exploration & Production PLC - exploration and production company focused on Trinidad and Tobago - Says Jacobin is being sidetracked, with drilling currently in progress. Adds lower cruse section of the well has shown multiple oil-bearing sandstone reservoirs. Adds that the total net pay on the forest and upper cruse targets is 228 feet. Read More