Last checked at 30 Sep 2014 07:00
Trinity Exploration & Production plc
(the "Company" or "Trinity"; AIM:TRIN)
Executive Changes
Trinity appoints Craig McCallum as new Chief Operating Officer
30th September 2014
Trinity Exploration and Production, plc, the leading independent E&P company focused on Trinidad and Tobago, today announced that the Company's Chief Operating Officer Ian MacDonald, has elected to retire. Mr. MacDonald joined Trinity in 2007 and has been instrumental in the company's growth and evolution over the last seven years. Following a short transition period, the role will transfer to Craig McCallum.
Mr. McCallum brings to the role significant expertise with respect to operatorship, gas commercialisation, project and supply chain management. Most recently, he was Regional Director International for Centrica plc which included responsibility for their operations in Trinidad & Tobago comprising assets producing 65mmcf/d and a development programme to commercialise c. 1.5Tcf of uncontracted gas. Prior to this, Craig was Netherlands country manager for Centrica, where he was responsible for overseeing production facilities with throughput of 350mmcf/d. This included management of numerous offshore wells (development and exploration) and sanction and execution of two greenfield operated gas developments. Previously, Craig held a number of operating and commercial roles focused on mature and stranded assets in the UK North Sea.
Craig's appointment concludes a significant internal re-organisation at Trinity designed to reduce costs and improve operating efficiency.
Joel "Monty" Pemberton, Chief Executive Officer of Trinity, commented:
"I am delighted to welcome Craig to the role of Chief Operating Officer. His knowledge of Trinidad and Tobago, operational and commercial expertise, and in particular his track record of delivering greenfield development projects, are an ideal fit for Trinity at this stage in our development. Craig has significant international experience in the energy industry and we look forward to his joining our team and playing a key role in Trinity's evolution.
The board meanwhile would like to thank Ian for his dedicated service to Trinity. He possesses a wealth of industry knowledge which has helped the company in its transformation over the years. He will indeed be missed but we fully support and understand his decision to return to Canada to be with his family."
Enquiries:
Trinity Exploration & Production Joel "Monty" Pemberton, Chief Executive Officer Robert Gair, Corporate Development Manager
| Tel: +44 (0)20 7404 5959
|
RBC Capital Markets (NOMAD & Joint Broker) Matthew Coakes Daniel Conti
| Tel: +44 (0) 20 7653 4000 |
Jefferies (Joint Broker) Chris Zeal Graham Hertrich
| Tel: +44 (0) 20 7029 8000 |
Brunswick Group LLP (PR Adviser) Patrick Handley Pip Green Rebecca Lum
| Tel: +44 (0) 20 7404 5959
|
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 with the potential to deliver meaningful reserves/resources growth. The Company operates all of its licences and has 2P reserves of 48 mmbbl. Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.LN.