Trinity Exploration Agreement To Buy Centrica Blocks Terminated

Mon, 27th Jul 2015 17:21

LONDON (Alliance News) - Trinity Exploration & Production PLC said Monday its agreement to buy 80% interests in Blocks 1a and 1b, offshore Trinidad, from Centrica PLC has been terminated.

Trinity Exploration said it has been unable to extend the term of its agreement to buy the interests.

Trinity had originally signed the deal to acquire the interests in the two blocks for USD23 million in July last year.

Shares in the company closed down 2.2% at 11.25 pence Monday.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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