Last checked at 24 Sep 2013 07:00
Trinity Exploration & Production plc
(the "Company" or "Trinity"; AIM:TRIN)
Trintes Field Operating Update
24 September 2013
Trinity, the leading independent E&P company focused on Trinidad and Tobago, is pleased to announce that the B11 sidetrack well drilled from the Trintes Bravo platform has been brought onstream at an initial gross production rate of 265 bopd. As announced in our interim results, the rig will now be demobilised to the yard to upgrade the mud systems and drilling will recommence later in the year.
Current group production is now c. 4,000 boepd (net).
Joel "Monty" Pemberton, Chief Executive Officer of Trinity, commented:
"Initial production rates from the B11 well demonstrate the Trintes reservoir ability to deliver. The upgrade plan to our rig over the next two months will significantly improve drilling efficiency and we look forward to recommencing our infill drilling programme on Trintes in November 2013."
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) Tim Chapman 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 Catriona McDermott
| 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 36 mmbbl and is targeting 5,000 bopd in the near-term. Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.LN.