TIDMTRIN

RNS Number : 1848T

Trinity Exploration & Production

16 July 2015

Trinity Exploration & Production Plc

(the "Company" or "Trinity"; AIM:TRIN)

Loan Update

16(th) July 2015

Trinity, an independent E&P company focused on Trinidad and Tobago, today announces that the Company has agreed a further extension to the moratorium on principal repayments, relating to Trinity's outstanding debt balance of US$13.0 million with its lender, until the 31(st) of July 2015. The extension of its credit facilities by its senior lender represents their continued support of Trinity and the Formal Sales Process ("FSP").

Progress continues with the strategic review and FSP and as part of this Trinity retains a regular dialogue with its lender and creditors.

Enquiries:

 
Trinity Exploration & Production          Tel: +44 (0)13 
 Joel "Monty" Pemberton, Chief Executive   1240 3860 
 Officer 
 Tracy Mackenzie, Head of Investor 
 Relations 
RBC Capital Markets                       Tel: +44 (0) 20 
  Nomad & Joint Broker                     7653 4000 
  Matthew Coakes 
  Daniel Conti 
 Oil & Gas Advisory 
  Jakub Brogowski 
  Roland Symonds                           Tel: +44 (0) 20 
                                           7029 8000 
Brunswick Group LLP (PR Adviser)          Tel: +44 (0) 20 
 Patrick Handley                           7404 5959 
 William Medvei

About Trinity

Trinity is the largest independent E&P company focused on Trinidad and Tobago. Trinity operates assets onshore and offshore on both the West and East coasts. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects. The Company operates all of its licences and has 2P reserves of 25 MMbbls. Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.LN.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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