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  2. Share Prices
  3. Trinity Share Price
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  5. IN BRIEF: Trinity Exploration Celebrates Trinidad Petroleum Tax Reform

Pin to quick picksTrinity Share News (TRIN)

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Share Price Information for Trinity (TRIN)

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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

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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3 May 2022 12:12

IN BRIEF: Trinity Exploration pauses farm down process, awaits tax law

Trinity Exploration & Production PLC - Leeds-based oil exploration company focused on Trinidad & Tobago - Pauses the farm down process at Galeota but reaffirms its intention to resume drilling on its Galeota farm asset in July. Names expected reforms to the supplemental petroleum tax considered by the government of Trinidad & Tobago as reason. "A number of participants have informed the company that they are unable to fully assess the economics of the opportunity at Galeota without clarity on the expected reforms," Trinity explains.

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19 Apr 2022 14:41

IN BRIEF: Trinity Exploration posts higher quarterly revenue, less oil

Trinity Exploration & Production PLC - Leeds-based oil exploration company focused on Trinidad & Tobago - Reports slightly lower oil production in its first quarter of 2022 ending March 31. Barrels of oil per day in the quarter averages 3,013, down from 3,107 in the first quarter of 2021. Average realisation price soared to USD83.1 per barrel from USD52.3 a year ago.

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19 Apr 2022 11:21

Trinity pleased with first quarter as oil prices rise

(Sharecast News) - Trinidad and Tobago-focussed energy explorer and producer Trinity reported "good" production and operational cash generation in the first quarter on Tuesday, with volumes averaging 3,013 barrels of oil per day.

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9 Mar 2022 12:18

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25 Jan 2022 19:12

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

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25 Jan 2022 13:03

Trinity Exploration reports 'good progress' on initiatives

(Sharecast News) - Trinidad and Tobago-focussed energy company Trinity Exploration & Production said in an update on Tuesday that it made "good progress" on some of its initiatives in the fourth quarter, as it maintained production levels and continued its "strong" operating cash generation.

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25 Nov 2021 14:34

IN BRIEF: Trinity Exploration gets Galeota development plan approval

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25 Nov 2021 13:01

Trinity gets approval for Galeota development plan

(Sharecast News) - Trinidad and Tobago-focussed exploration and production company Trinity has received approval for the field development plan for the Galeota Asset Development project (GAD) from the Ministry of Energy and Energy Industries (MEEI), it announced on Thursday.

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Trinity maintains production as it prepares for further development

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