Termination of Blocks 1(a) & 1(b) SPA

RNS Number : 2254U

Trinity Exploration & Production

27 July 2015

 



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: [phone]
RBC Capital Markets                                                               Nomad & Joint Broker Matthew Coakes Daniel Conti Oil & Gas Advisory Jakub Brogowski Roland Symonds	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.

 

END

 

 

AGRBLGDRBUDBGUR