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Share Price: 36.00

Bid: 35.00

Ask: 37.00

Change: -3.00 (-7.69%)

Spread: 2.00 (5.714%)

Open: 37.00

High: 37.00

Low: 34.50

Prev. Close: 39.00

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IN BRIEF: Trinity Exploration Celebrates Trinidad Petroleum Tax Reform

Mon, 11th Jan 2021 12:08

Trinity Exploration & Production PLC - Trinidad & Tobago focused oil exploration and production company - Says supplemental petroleum tax reform in Trinidad & Tobago has now been implemented. Threshold for individual producers of fewer than 2,000 barrels of crude per day raised to USD75 a barrel to USD50. "As a result, Trinity expects to be exempt from SPT across all of its onshore licences below USD75 per barrel, which will have a significant positive impact on future cash flows," Trinity says.

Current stock price: 12.32 pence

Year-to-date change: up 2.3%

By Eric Cunha; ericcunha@alliancenews.com

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IN BRIEF: Trinity Exploration Celebrates Trinidad Petroleum Tax Reform

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