Trinity Exploration & Production Directorate Changes (7093I)
09 Agosto 2023 - 1:00AM
UK Regulatory
TIDMTRIN
RNS Number : 7093I
Trinity Exploration & Production
09 August 2023
This announcement contains inside information as stipulated
under the UK version of the Market Abuse Regulation No 596/2014
which is part of English Law by virtue of the European (Withdrawal)
Act 2018, as amended. On publication of this announcement via a
Regulatory Information Service, this information is considered to
be in the public domain.
9 August 2023
Trinity Exploration & Production plc
("Trinity" or "the Group" or "the Company")
Directorate Changes
Trinity Exploration & Production plc (AIM: TRIN), the
independent E&P company focused on Trinidad and Tobago , is
today pleased to announce the appointment of Dr Jonathan ("Jon")
Cooper as a Non-Executive Director and Julian Kennedy as an
Executive Director of the Company, effective 8 August 2023.
Jon Cooper
Jon Cooper has more than 25 years' experience in mergers,
acquisitions, public offerings and financings in banking and the
oil and gas industry. He is currently Executive Director and Chief
Financial Officer at Longboat Energy plc. Previously he served as
Chief Financial Officer at Faroe Petroleum from 2013 until 2019;
was CFO at Lamprell; Finance Director at Sterling Energy; CFO of
Gulf Keystone Petroleum; Director of Kleinwort Benson (later
Wasserstein) Oil and Gas Corporate Finance and Advisory Team; and
qualified as an accountant with KPMG. Jon is a Fellow of the ICAEW
and holds a PhD in Mechanical Engineering. Jon will also be
appointed as Chair of the Audit Committee and as a member of the
Remuneration Committee.
Julian Kennedy
Julian Kennedy joined Trinity in September 2022 as Corporate
Development Manager and was appointed Chief Financial Officer
effective 1 January 2023. Julian has over 30 years' experience
across a wide range of roles in, and advising, the oil and gas
industry. Most recently, he was Head of Business Development for
NEO Energy. Previously, he was Head of Oil & Gas Acquisitions
& Divestment for BMO Capital Markets in London and has held
senior M&A, strategic and financial planning roles with oil and
gas operators including BG Group, Canadian Natural Resources,
Shell, Enterprise Oil and Amerada Hess. Julian holds a BA in
Economics.
Nick Clayton, Chairman of Trinity, commented:
"I am delighted to welcome Julian and Jon to our Board. Their
breadth and depth of oil and gas sector specific experience will
provide the Board with additional perspectives. In particular, both
Jon and Julian bring extensive M&A and capital markets
experience which will be invaluable as we continue to grow and
develop Trinity's asset portfolio."
AIM Rule Disclosures
In relation to the appointments to the board, there is no
further information required to be disclosed pursuant to paragraph
(g) of Schedule 2 of the AIM Rules for Companies save what is
disclosed below.
Dr Jonathan ("Jon") Robert Cooper , aged 55, has held the
following directorships and/or partnerships in the past five
years:
Current Directorships/Partnerships Previous Directorships/Partnerships
Longboat Energy plc Faroe Petroleum plc
Longboat JAPEX Norge AS Faroe Petroleum (Energy) Limited
Faroe Petroleum (ROGB) Limited
Faroe Petroleum SIP Employee Benefit
Trust Limited
Faroe Petroleum (U.K.) Limited
Faroe Petroleum Norge AS
--------------------------------------- -----------------------------------------
Dr Cooper does not hold any ordinary shares nor options over
ordinary shares in the Company.
Julian Peter Kennedy , aged 55, has held the following
directorships and/or partnerships in the past five years:
Current Directorships/Partnerships Previous Directorships/Partnerships
None Entrada Oil & Gas Limited
--------------------------------------- ----------------------------------------
Mr Kennedy holds 75,000 options in Trinity Exploration &
Production plc as a result of a Long-Term Incentive Plan award in
October 2022.
Enquiries:
Trinity Exploration & Production plc Via Vigo Consulting
Jeremy Bridglalsingh, Chief Executive Officer
Julian Kennedy, Chief Financial Officer
Nick Clayton, Non-Executive Chairman
SPARK Advisory Partners Limited
(Nominated Adviser and Financial Adviser)
Mark Brady
James Keeshan +44 (0)20 3368 3550
Cenkos Securities PLC (Broker)
Leif Powis +44 (0)20 7397 8900
Neil McDonald +44 (0)131 220 6939
Vigo Consulting Limited trinity@vigoconsulting.com
Finlay Thomson +44 (0)20 739 0
Patrick d'Ancona 0230
About Trinity ( www.trinityexploration.com )
Trinity is an independent oil production 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 ten licences and, across all of the
Group's assets, management's estimate of the Group's 2P reserves as
at the end of 2022 was 17.96 mmbbls. Group 2C contingent resources
are estimated to be 48.88 mmbbls. The Group's overall 2P plus 2C
volumes are therefore 66.84 mmbbls.
Trinity is quoted on AIM, a market operated and regulated by the
London Stock Exchange Plc, under the ticker TRIN.
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