Loan Update

RNS Number : 9386A
Trinity Exploration & Production
13 June 2016
 

Trinity Exploration & Production Plc

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

 

Loan Update

 

 

13th 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 17th 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



RBC Capital Markets

Broker

Matthew Coakes

Daniel Conti

Tel: +44 (0) 20 7653 4000

 

 





 

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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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