TIDMTRIN

RNS Number : 7981M

Trinity Exploration & Production

25 January 2016

Trinity Exploration & Production Plc

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

Loan Update

25(th) January 2016

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 29(th) of January 2016. Discussions are ongoing with the lender to secure a further extension of its credit facilities and management expect for there to be continued support, particularly following the announcement of the sale of substantially all of Trinity's onshore assets for US$20.8 million.

Enquiries:

 
Trinity Exploration & Production     Tel: +44 (0)13 
 Bruce Dingwall, Executive Chairman   1240 3860 
 Tracy Mackenzie, Head of Investor 
 Relations 
RBC Capital Markets                  Tel: +44 (0) 20 
  Nomad & Broker                      7653 4000 
  Matthew Coakes 
  Daniel Conti 
 Oil & Gas Advisory 
  Jakub Brogowski 
  Roland Symonds                      Tel: +44 (0) 20 
                                      7653 4000

About Trinity

Trinity is one of the largest independent E&P company focused on Trinidad and Tobago. Trinity currently 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. 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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January 25, 2016 02:00 ET (07:00 GMT)

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