Board Changes

RNS Number : 3456C

Trinity Exploration & Production

22 February 2022

 

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended.  On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.

Trinity Exploration & Production plc

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

Board Changes

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, announces that, having served on the Board for over five years, David Segel is stepping down from his position as a Non-Executive Director of the Company.

David remains fully supportive of the Company's long-term strategy and has worked closely with the Board to find a suitably qualified replacement. F ollowing an extensive and thorough independent search process, the Company is delighted to announce the appointment of Kaat Van Hecke as an independent Non-Executive Director, replacing David, with immediate effect. Kaat will sit on the Audit and Remuneration Committees of the Board and will become the board member responsible for oversight of the HSSE function.

Kaat has over 25 years' experience in the oil & gas industry and has a strong operations background, having started her career as a Production Engineer with ExxonMobil and Shell in Europe and Nigeria. As the Operations Planning Manager at Sakhalin Energy - in the far east of Russia - she played a key integration role in the start-up of the 450,000 boepd company. At OMV, Kaat led the first strategic review and new corporate  planning cycle for Upstream to later become Senior Vice President Austria Upstream.

Kaat also has public company experience and currently holds independent Non-Executive Director roles at Nostrum Oil & Gas Plc and Glover Gas & Power B.V./ Axxela Limited.   During Kaat's tenure at Nostrum she spent nine months as Interim CEO in Kazakhstan whilst a permanent replacement was put in place.

David Segel commented:

"It has been an honour and privilege to serve on the board of Trinity for the past five years and as a shareholder I look forward to continuing to lend my support where appropriate. I would like to offer my best wishes to the Trinity team as they take the Company forward and deliver on their strategic plans."

Nick Clayton, Non-Executive Chairman, commented:

"On behalf of the Company I am delighted to welcome Kaat to the team. Kaat has a strong operational and public company background, which will be a great asset as we focus on scaling our business. We would also like to place on record our thanks to David whose support has been instrumental in helping the Company to grow into the entity that it is today."

Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Kaat Van Hecke.

Full name: Kaat Juliana M Van Hecke (age 50 years)

Current Directorships / Partnerships	Previous Directorships / Partnerships (last five years)
Nostrum Oil & Gas Plc  Glover Gas & Power BV Axxela Limited Axxela Funding PLC	None

At the date of this announcement, Kaat Van Hecke holds no ordinary shares in the capital of the Company.

Save as disclosed above there are no additional disclosures to be made in accordance with Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

Enquiries

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

Trinity Exploration & Production plc	[phone]
Nick Clayton, Non-Executive Chairman Jeremy Bridglalsingh, Chief Executive Officer Tracy Mackenzie, Corporate Development Manager
SPARK Advisory Partners Limited (Nominated Adviser and Financial Adviser)	[phone]
Mark Brady James Keeshan
Cenkos Securities PLC (Broker)
Leif Powis Neil McDonald	[phone] [phone]
Walbrook PR Limited	[phone]
Nick Rome/Nicholas Johnson	[e-mail]

About   Trinity (   www.trinityexploration.com  )

Trinity is an independent oil 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 the Group's 2P reserves as at the end of 2020 was 19.55 mmbbls. Group 2C contingent resources are estimated to be 31.06 mmbbls. The Group's overall 2P plus 2C volumes are therefore 50.61 mmbbls.

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

 

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