Trinity Exploration & Production (GB:TRIN) has released an update.
Trinity Exploration & Production reported mixed outcomes in their 2023 activities, including a disappointing Jacobin well drilling with cost overruns and subsequent write-off, but successful production restarts at the Brighton Marine block offshore. Financial highlights reveal a decrease in net sales and revenue, a shift from profit to a pre-tax loss, and a reduction in year-end cash. Meanwhile, a proposed acquisition by Touchstone Exploration Inc could signal a promising future for Trinity shareholders.
For further insights into GB:TRIN stock, check out TipRanks’ Stock Analysis page.
