Appointment of Chief Financial Officer

RNS Number : 1289Y

Trinity Exploration & Production

07 September 2020

 

RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Trinity Exploration & Production plc

("Trinity" or "the Group" or "the Company")

Appointment of Chief Financial Officer

Executive Team Enhanced for Future Growth

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, is today pleased to announce the appointment of Edouard Brain as Chief Financial Officer ("CFO") effective 14 September 2020.  Jeremy Bridglalsingh, currently Managing Director and CFO, will relinquish his role as CFO at the same time and concentrate solely on his role as Managing Director of the Group.

Edouard has 18 years' experience in finance roles for both public and private oil and gas businesses, including most recently as the Latin America Regional CFO at Maurel & Prom, a French listed company with annual sales in excess of US$500 million. He has extensive Mergers & Acquisitions experience, most notably on transactions within Colombia, Argentina, Brazil, Venezuela and Peru alongside his long experience of managing a large finance team and audit processes as part of a public company. Prior to joining Maurel & Prom in 2006 he was the Latin America Regional Financial Controller and Internal Auditor for Perenco Group, one of the largest private oil and gas companies globally.

As CFO, Edouard will be a member of the Executive Team working to deliver on Trinity's strategic objectives.

Bruce Dingwall CBE, Executive Chairman of Trinity, commented: 

"We are very pleased to welcome Edouard to our team, following a global search process he stood out as a proactive, extremely well qualified, capable and ambitious candidate. Edouard joins Trinity at a significant milestone where we are focused on delivering a step-change in the scale of our business and we look forward to his contribution to a strengthened leadership team on delivering on our growth aspirations. Edouard's appointment also allows Jeremy, in his role as Managing Director, to apply even greater focus to the overriding target of scaling the business and delivering shareholder value." 

Enquiries

For further information please visit www.trinityexploration.com or contact:

Trinity Exploration & Production plc	[phone]
Bruce Dingwall CBE, Executive Chairman Jeremy Bridglalsingh, Managing Director & Chief Financial Officer Tracy Mackenzie, Corporate Development Manager
SPARK Advisory Partners Limited (Nominated Adviser and Financial Adviser)	[phone]
Mark Brady
Cenkos Securities PLC (Broker)
Joe Nally (Corporate Broking) Neil McDonald	[phone] [phone]
Walbrook PR Limited	[phone]
Nick Rome	[e-mail]

About Trinity ( www.trinityexploration.com )

Trinity is an independent oil and gas exploration and production 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 nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2019 was 20.9 mmbbls. Group 2C contingent resources are estimated to be 20.1 mmbbls. The Group's overall 2P plus 2C volumes are therefore 41.1 mmbbls.

Trinity is quoted on the AIM market of the London Stock Exchange under the ticker TRIN.

 

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