27 Jun 2016 07:00
Trinity Exploration & Production Plc
(the "Company" or "Trinity"; AIM:TRIN)
Loan Update
27th June 2016
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 29th June 2016.
Enquiries:
Trinity Exploration & Production Plc Bruce Dingwall, Executive Chairman Tracy Mackenzie, Head of Corporate Development | Tel: +44 (0)131 240 3860 |
SPARK Advisory Partners Limited NOMAD & Financial Adviser Mark Brady Miriam Greenwood, Sean Wyndham -Quin | Tel: +44 (0)203 368 3550 |
Cantor Fitzgerald Europe Broker David Porter Sarah Wharry | Tel: +44 (0)207 894 7000 |
About Trinity
Trinity is an independent E&P company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. 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 21.8 mmbbls according to management estimates. Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.
Trinity (TRIN)