Magnificent #7: These AIM oil stocks have at least doubled in 2017 so far
Small caps need action because investors need opportunities to speculate
Company
LON:TRIN
Trinity is the largest Trinidad & Tobago focused independent E&P company, with assets onshore and offshore on both the west and east coasts. The Company’s portfolio includes current production, significant near-term production growth opportunities from low risk developments, and multiple exploration prospects with the potential to deliver meaningful reserves growth. Trinity is headquartered in San Fernando, Trinidad, where the executive management team is based. Having our executive management team in the country where the assets are located ensures greater focus on setting the appropriate culture, with staff having a clear line of sight to their leaders. Trinidad & Tobago’s world class hydrocarbon province provides Trinity with a wealth of high quality growth opportunities both in the short and medium-term. As the largest local independent, Trinity is uniquely positioned to monetise reserves in this basin that fall below the materiality thresholds of the current owners.
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Small caps need action because investors need opportunities to speculate
Cantor Fitzgerald starts off its coverage of the junior oil firm with a ‘buy’ recommendation.
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A glance at some of the stories on the Proactive newswire today.
Executive chairman Bruce Dingwall said a period of prolonged uncertainty has now come to an end.
Some of the main news-driven share price changes at 3.15pm
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After unveiling deals in India on both Wednesday and Thursday, Windar came up with seven more on Friday, including its first test in Korea.
The funding will comprise a placing of new shares worth £9.3mln (US$11.25mln) at 4.68p
Pre-drill estimates for Lincoln suggested it was host to 250 million ‘recoverable’ barrels of crude. Hurricane says after early analysis that figure looks conservative.
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A glance at some of the stories on the Proactive newswire today
Shareholder approval is now needed at a general meeting on 29 December to get the refinancing passed.
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A look at the news highlights from the oil and gas world
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A glance at today's headlines on the Proactive newswire ...
The funding will comprise a placing of new shares worth £9.3mln (US$11.25mln) at 4.68p
The company believes this step will aid efforts to secure a financial restructuring.
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The weekly round up of oil sector news from the world of Proactive.
Trading in Trinity shares was suspended on Monday due uncertainties over its future.
An asset sales process has been underway for over a year, and at the same time Trinity says it has been working to ‘streamline’ its operations.