TIDMTRIN

RNS Number : 8117U

Trinity Exploration & Production

03 August 2015

Trinity Exploration & Production Plc

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

Loan Update

3(rd) August 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 21(st) of August 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. Trinity will provide an update on progress to date from the process alongside an operations update within the timeframe of the extension.

Enquiries:

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

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