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Share Price: 53.50

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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

Copyright 2021 Alliance News Limited. All Rights Reserved.

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