FTSE 100 rallies, taking its lead from buoyant Wall Street
Taking its lead from Wall Street, the Footsie moved gently into positive territory
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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Taking its lead from Wall Street, the Footsie moved gently into positive territory
Major share price risers and fallers in London at 1.45pm
It was all about the resource sector in early trading, with most mining, oil & gas stocks up.
Shares in Ascent Resources are, ironically, down 15%.
Ebola Medal for Sula Iron & Gold, a further extension for Trinity and a solid start for Quartix.
Major share price risers and fallers on the London S.E.
Board room coups are in the offing at CPPGroup and Nyota Minerals.
Archive
The AIM 100 finished 0.2% lower at 3,357, while the FTSE 100 closed at 6,140, down 0.6%.
Metal Tiger plc shares shot up 25% as it told investors its transaction to invest in ZimNRG had been approved by shareholders .
The Trinidad & Tobago producer has sharply reduced costs and with more to come, it is targeting operating break-even across all fields of below $30/bbl by the end of 2016
Collectibles trader Stanley Gibbons has had to issue shares at a deep, deep discount to raise funds. MX Oil's discounted share issue looks like a good result for the company in comparison.
Standing at 3,364 the FTSE AIM 100 closed sharply higher, up 86 points or 2.65%.
Trinity Exploration and Production PLC, the oil exploration and production group, said it had further extended the moratorium on its debt repayment..
The blue-chip benchmark ended February a solitary point higher than Friday’s closing price.
The FTSE 100 Index dropped due to China’s slowdown, Brexit fears and commodity uncertainty
FTSE100 is poised to start the week lower as Asian shares fell overnight and after the G20 meeting ended.
Banking titan Barclays reports full year results on Tuesday....
Main share price risers and fallers in London at around 1.45pm