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29 Sep 2015 07:00
Trinity Exploration & Production Plc
(the "Company" or "Trinity"; AIM:TRIN)
Loan Update
29th September 2015
Trinity, an independent E&P company focused on Trinidad and Tobago, today announces that the Company has agreed a further extension to the moratorium on principal repayments, relating to Trinity's outstanding debt balance of US$13.0 million with its lender, until the 9th of October 2015. The extension of its credit facilities by its senior lender represents their continued support of Trinity and the Formal Sales Process ("FSP").
Progress continues with the strategic review and FSP and as part of this Trinity retains a regular dialogue with its lender and creditors.
Enquiries:
Trinity Exploration & Production Joel "Monty" Pemberton, Chief Executive Officer Tracy Mackenzie, Head of Investor Relations
| Tel: +44 (0)13 1240 3860
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| Tel: +44 (0) 20 7653 4000
Tel: +44 (0) 20 7653 4000 | ||||
Brunswick Group LLP (PR Adviser) Patrick Handley William Medvei
| Tel: +44 (0) 20 7404 5959
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About Trinity
Trinity is the largest independent E&P company focused on Trinidad and Tobago. Trinity operates assets onshore and offshore on both the West and East coasts. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects. The Company operates all of its licences and has 2P reserves of 25 MMbbls. Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.LN.
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