Trinity Share News (TRIN)

Trinity Exploration begins assessment for Buenos Ayres block, Trinidad

(Alliance News) - Trinity Exploration & Production PLC on Monday said it has begun the environmental impact assessment for the Buenos Ayres block, onshore Trinidad.

Trinity Exploration gets terms of reference for Trinidad assessment

(Sharecast News) - Trinidad and Tobago-focussed Trinity Exploration & Production announced on Monday that it has successfully obtained the terms of reference for a proposed environmental impact assessment (EIA) for the Buenos Ayres block, located onshore Trinidad.

LONDON MARKET MIDDAY: Stocks down ahead of key inflation data

(Alliance News) - Stock prices in London were lower at midday on Monday, as investors eye inflation data from China and the US out on Wednesday and Thursday, respectively.

AIM WINNERS & LOSERS: Trinity Exploration up on oil discovery

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

IN BRIEF: Trinity Exploration finds virgin oil in Trinidad basin

Trinity Exploration & Production PLC - independent exploration and production company focused on Trinidad and Tobago - Confirms discovery of oil at Jacobin-1 site in the Lower Cruse sandstones within the Palo Seco area of the Southern Basin, near Trinidad. Over 290 feet of net oil pay encountered in Jacobin well, including 63 feet of net oil pay in deeper exploration targets. Trinity Exploration says that a comprehensive logging and pressure sampling confirms virgin pressures in these deeper zones that are within pre-drill range for a commercial discovery. The company is planning flow testing to confirm the durability of the reservoirs, which it is planning on starting in September.

TRADING UPDATES: Iofina optimistic; Metals Exploration ups outlook

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Trinity confirms oil-bearing sandstone reservoirs at Jacobin

Trinity Exploration & Production PLC - exploration and production company focused on Trinidad and Tobago - Says Jacobin is being sidetracked, with drilling currently in progress. Adds lower cruse section of the well has shown multiple oil-bearing sandstone reservoirs. Adds that the total net pay on the forest and upper cruse targets is 228 feet.

IN BRIEF: Trinity Exploration appoints Petrofac for "fresh look" study

Trinity Exploration & Production PLC - independent exploration and production company focused on Trinidad and Tobago - Says that it has appointed Petrofac Ltd to undertake a concept-screening study for the development of further reserves in its Galeota Block, offshore East Coast Trinidad. The Galeota Block contains resources of 46.1 million barrels of oil equivalent, and is the company's largest asset.

IN BRIEF: Trinity Exploration & Production extends drilling schedule

Trinity Exploration & Production PLC - Trinidad & Tobago-focused exploration and production company - Completes two out of three planned sections for the Jacobin well onshore Trinidad. Says the Jacobin well has encountered shallow secondary formations of good quality oil-bearing reservoirs. Says it is preparing to start drilling in the third section, but notes drilling schedule has been extended due to challenging conditions. Says it anticipates no significant cost impact from the drill extension.

UK shareholder meetings calendar - next 7 days

UPDATE: Trinity Exploration expects similar sales in 2023 as in 2022

(Alliance News) - Trinity Exploration & Production PLC on Tuesday guided for similar sales in 2023 to what it achieved in 2022, as it was awarded the Buenos Ayres oil block in Trinidad & Tobago.

IN BRIEF: Trinity Exploration awarded Buenos Ayres oil block

Trinity Exploration & Production PLC - Trinidad & Tobago-focused exploration and production company - Is awarded the Buenos Ayres oil block in the 2022 onshore & nearshore competitive bid round by the Trinidad & Tobago ministry of energy & energy industries. Ministry has invited Trinity to commence discussions for the grant of an exploration and production (public petroleum rights) licence. Trinity expects to be the block's operator with an 85% interest. State-owned oil company Heritage Petroleum Company Ltd will have a 15% working interest which Trinity will carry during the exploration phase. Block covers approximately 41 kilometres squared and is immediately west of Trinity's existing producing Palo Seco blocks WD-5/6, WD-2 and PS-4. It contains multiple stacked target reservoirs of the Lower Forest, Upper Cruse and Lower Cruse which are the most productive reservoirs in Trinidad's southern basin with over 250.0 million barrels of oil produced to date. Work programme comprises four exploration wells and technical studies over the six-year initial licence period.

Trinity Exploration says maiden dividend on horizon as profit dips

(Alliance News) - Trinity Exploration & Production PLC said on Thursday that it is well-positioned for its next growth phase despite a slight decline in profit last year, and announced a new capital allocation policy including "modest but sustainable" dividends.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Trinity Exploration spuds well; Equipmake inks deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: