TRIN Trinity Exploration & Production Plc

TIDMTRIN

RNS Number : 2441A

Trinity Exploration & Production

06 June 2016

Trinity Exploration & Production Plc

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

Loan Update

6(th) June 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 10(th) June 2016.

Enquiries:

 
Trinity Exploration & Production     Tel: +44 (0)13 
 Bruce Dingwall, Executive Chairman   1240 3860 
 Tracy Mackenzie, Head of Corporate 
 Development 
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 an independent E&P 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 licences and has 2P reserves of 21.8 mmbbls according to management estimates. Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.

This information is provided by RNS

The company news service from the London Stock Exchange

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June 06, 2016 02:00 ET (06:00 GMT)

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