RE: Thoughts25 Jun 2018 11:04
From the ADDITIONAL INFORMATION ON THE FUNDRAISING section of the RNS
Background to and Reasons for the Fundraising
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The Board believes that the Company is now ideally positioned to benefit from increased production and an improved oil price,
with incremental onshore production growth able to deliver higher-margin operating earnings.
Medium term growth potential
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Whilst the primary focus of the Fundraising is on the onshore portfolio, the Board believes that the Company's East Coast Assets offer a significant opportunity to deliver a step-change in production levels in the medium term. (!!)
In addition to accelerating the onshore programme, the Fundraising will also provide Trinity with the necessary capital resources to allow revision of the Trintes drilling plan and the TGAL Field Development Plan (!!),
to develop a phased approach focused on reducing technical risk and the funding requirement to optimise results.