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Trinity Exploration & Production Fundamentals

Company Name Trinity Exploration & Production Last Updated 28 May 2020
Industry Oil & Gas Sector Exploration & Production
Shares in Issue (m) 384.05 Market Cap (£m) 35.72
PE Ratio -4.65 Div per Share () 0.00
Div Yield 0.00 Div Cover 0.00
EPS -2.00 EPS Growth (%) 0.00
PEG n/a DPS Growth (%) n/a
Debt Ratio 49.47 Debt Equity Ratio 0.81
Net Gearing 42.34 Gross Gearing 54.74
Asset Equity Ratio 2.21 Cash Equity Ratio 27.39
Quick Ratio 2.00 Current Ratio 2.44
Price To Book Value 0.71 ROCE -14.09

Trinity Exploration & Production Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total

Trinity Exploration & Production Company Financials

Assets (£m) 2019 2018 2017
Tangible Assets 42 54 52
Intangible Assets 27 26 26
Investments 14 9 6
Total Fixed Assets 83 89 84
Stocks 5 4 4
Debtors 9 13 5
Cash & Equivalents 14 10 12
Other Assets 0 0 0
Total Assets 111 116 105
Liabilities (£m) 2019 2018 2017
Creditors within 1 year 12 9 13
Creditors after 1 year 49 47 44
Other Liabilities 0 0 0
Total Liabilities 61 57 56
Net assets 50 59 49
Equity (£m) 2019 2018 2017
Called up share capital 98 98 97
Share Premium 140 140 125
Profit / Loss -14 -4 25
Other Equity -1 -2 -2
Preference & Minorities 0 0 0
Total Capital Employed 50 59 49
Ratios 2019 2018 2017
Debt Ratio 49.47 44.57 47.29
Debt-to-Equity 0.81 0.83 0.78
Net Gearing 42.34 40.31 42.40
Gross Gearing 54.74 49.11 53.65
Assets / Equity 2.21 1.97 2.16
Cash / Equity 27.39 17.31 24.27
EPS -2.00 -2.00 9.00
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 17 5 -3
Cashflow before financing 4 -7 -6
Increase in Cash 4 -2 4
Income (£m) 2019 2018 2017
Turnover 64 63 45
Cost of sales 0 0 0
Gross Profit 0 0 0
Operating Profit -13 -2 28
Pre-Tax profit -14 -4 25
Profit / Loss for the year 98 98 97

Trinity Exploration & Production Company Background

Sector Exploration & Production
Activities Trinity Exploration & Production plc (formerly Bayfield Energy Holdings) is an independent oil and gas exploration and production company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity'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/resources growth. The Company operates all of its nine (9) licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2018 was 24.5 mmbbls. Group 2C contingent resources are estimated to be 18.8 mmbbls. The Group's overall 2P plus 2C volumes are therefore 43.3 mmbbls.
Latest Interim Date 10 Sep 2019
Latest Fiscal Year End Date 13 May 2020

Trinity Exploration & Production Directors

Appointed Director Position
11 Jan 2017 Jeremy Nicholas Bridglalsingh Chief Financial Officer
13 Feb 2013 Bruce Alan Ian Dingwall Executive Chairman
11 Jan 2017 Angus Christian Winther Non-Executive Director
11 Jan 2017 David Alexander Segel Non-Executive Director
23 Jun 2017 James Graeme Menzies Non-Executive Director

Trinity Exploration & Production Contact Details

Company Name Trinity Exploration & Production
Company Address 84 Brook Street, London W1K 5EH.
Company Telephone +44 (0)20 7404 5959
Company Website http://www.trinityexploration.com/

Trinity Exploration & Production Advisors

Auditor Name PricewaterhouseCoopers LLP
Auditor Address 32 Albyn Place, Aberdeen AB10 1YL.
Auditor Website http://www.pwc.co.uk/
Auditor Telephone +44 (0)1224 210 100
Registrar Name Link Asset Services
Registrar Address The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU.
Registrar Website http://www.linkassetservices.com/
Registrar Telephone 0870 162 3100
Broker Name RBC Capital Markets
Broker Address One A. Queenhithe, Thames Court, London EC4V 4DE.
Broker Website http://www.rbccm.com/
Broker Telephone +44 (0)20 7653 4000
Adviser Name RBC Capital Markets
Adviser Address One A. Queenhithe, Thames Court, London EC4V 4DE.
Adviser Website http://www.rbccm.com/
Adviser Telephone +44 (0)20 7653 4000
Solicitor Name Ashurst LLP
Solicitor Address Broadwalk House, 5 Appold Street, London EC2A 2HA.
Solicitor Website http://www.ashurst.com/
Solicitor Telephone +44 (0)20 7638 1111
Stockbroker Name Jefferies Hoare Govett
Stockbroker Address Vintners Place, 68 Upper Thames Street, London EC4V 3BJ.
Stockbroker Website http://www.jefferies.com/
Stockbroker Telephone +44 (0)20 7029 8000