Loan Update

RNS Number : 5213Q

Trinity Exploration & Production

18 June 2015

 

Trinity Exploration & Production plc

(the "Company" or "Trinity"; AIM:TRIN)

Loan Update

18^th June 2015

Trinity, an independent E&P company focused on Trinidad and Tobago, today announces that the Company has agreed an extension to the moratorium on principal repayments, relating to Trinity's outstanding debt balance of US$13.0 million with its lender, until the end of June 2015.

Progress continues with the strategic review and formal sales process and as part of this Trinity retains a regular dialogue with its lender and creditors.

Enquiries:

Trinity Exploration & Production Joel "Monty" Pemberton, Chief Executive Officer Tracy Mackenzie, Head of Investor Relations	Tel: [phone]
RBC Capital Markets                                                               Nomad & Joint Broker Matthew Coakes Daniel Conti Oil & Gas Advisory Jakub Brogowski Roland Symond Jefferies (Joint Broker) Chris Zeal Graham Hertrich	Tel: [phone] Tel: [phone]
Brunswick Group LLP (PR Adviser) Patrick Handley William Medvei	Tel: [phone]

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.

 

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