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Tue, 29th Mar 2016 07:43
LONDON (Alliance News) - Trinity Exploration & Production PLC on Tuesday said it has secured its 25th extension to the moratorium on repayments relating to its outstanding debt balance of USD13.0 million with its lender Citibank.
The new extension will run to April 8.
Trinity shares were down 19% to 2.69 pence on Tuesday morning, one of the worst performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
(ShareCast News) - Shares in Trinity Exploration crashed to an all-time low intially on Monday as the oil tiddler revealed a battered balance sheet and the collapse of a $21m asset sale. The AIM-listed producer and explorer, which produced an average net production volumes of 2,896 barrels of oil eq
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