27 Jul 2015 18:14
Trinity Exploration & Production Plc
(the "Company" or "Trinity"; AIM:TRIN)
Termination of Agreement to purchase Blocks 1(a) & 1(b), offshore Trinidad
27 July 2015
Trinity, an independent E&P company focused on Trinidad and Tobago, today announces that it has been unable to extend the term of its agreement to complete the purchase of 80% interests in Blocks 1(a) & 1(b) from Centrica. Consequently the Sale & Purchase Agreement between Trinity and two subsidiaries of Centrica has been terminated.
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
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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.
Trinity (TRIN)