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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.

More News

16 Jul 2019 11:11

Trinity Exploration Gears Up For Drilling Programme After Solid Half

(Alliance News) - Trinity Exploration & Production PLC is poised to begin its 2019 drilling campaign, the company said Tuesday, following a "steady" second quarter of which operates

23 May 2019 12:41

Trinity Exploration & Production Considers New Technology In Trinidad

LONDON (Alliance News) - Trinity Exploration & Production PLC said Thursday it is exploring workplans in Trinidad that would involve the use of new technologies.Speaking at the annual -

17 Apr 2019 11:43

Trinity Exploration First Quarter Production In Line With Guidance

LONDON (Alliance News) - Trinity Exploration & Production PLC on Wednesday said production volumes over the first quarter were in line with expectations.The exploration company, focused

2 Apr 2019 11:41

Trinity Exploration & Production Swings To Loss On Exceptional Items

LONDON (Alliance News) - Trinity Exploration & Production on Tuesday said it swung to a loss in its most recent year due to higher petroleum taxes, expenses, and a gain on exceptional items in

15 Jan 2019 12:33

Trinity Exploration Sees Rise In 2018 Oil Production On New Wells

LONDON (Alliance News) - Trinidad and Tobago-focused oil and gas company Trinity Exploration & Production PLC said on Tuesday it saw a rise in average production for the fourth quarter of the

28 Nov 2018 13:27

Trinity Exploration Hires Clayton As Independent Non-Executive

LONDON (Alliance News) - Trinity Exploration & Production PLC said Wednesday it appointed Nicholas Clayton as senior independent non-executive director with immediate effect.Clayton, as

5 Nov 2018 13:01

Trinity Exploration Submits First Phase Of TGAL Field Development Plan

LONDON (Alliance News) - Trinity Exploration & Production PLC said on Monday it has submitted the first phase of its Field Development Plan for the TGAL area, on the Galetota block, offshore a

24 Sep 2018 10:56

Higher Output, Prices Help Trinity Exploration Revenue But Profit Dips

LONDON (Alliance News) - Trinity Exploration & Production PLC on Monday said the outlook for the firm is strong, with higher output and prices boosting interim figures.Revenue for the -

17 Sep 2018 16:09

UK Earnings, Trading Statements Calendar - Next 7 Days

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30 Aug 2018 14:45

Trinity spuds first of six onshore Trinidad infill wells

(Sharecast News) - Trinity Exploration & Production has spudded the first well of a six infill well programme, onshore Trinidad, it announced on Thursday.

30 Aug 2018 14:07

Trinity Exploration Spuds First Well In Trinidad Programme

LONDON (Alliance News) - Trinity Exploration & Production PLC said Thursday it spud the first well at its programme in Trinidad.The company, which focuses on exploration and production

16 Aug 2018 13:49

Trinity Exploration & Production Debt Free After Repaying Loan Notes (ALLISS)

LONDON (Alliance News) - Trinidad-focused oil and gas firm Trinity Exploration & Production PLC on Thursday said it is now debt free after paying off loan notes.Executive Chairman Bruce

12 Jun 2018 16:14

UK Shareholder Meetings Calendar - Next 7 Days

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10 May 2018 13:10

Higher Oil Price Helps Trinity Exploration Swing To Annual Profit

LONDON (Alliance News) - Oil firm Trinity Exploration & Production PLC said Thursday it swung to a profit in 2017 despite broadly flat production due on the back of higher oil which has a of a

6 Mar 2018 14:13

Trinity Exploration & Production Profit Lifted By Oil Price Rises

LONDON (Alliance News) - Trinity Exploration & Production PLC said in a trading update on Tuesday it saw a production fall with profit boosted by oil price rises and over