Directorate Changes

Trinity Exploration & Production

09 August 2023

 

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.

9 August 2023

Trinity Exploration & Production plc

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

Directorate Changes

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, is today pleased to announce the appointment of Dr Jonathan ("Jon") Cooper as a Non-Executive Director and Julian Kennedy as an Executive Director of the Company, effective 8 August 2023.

Jon Cooper

Jon Cooper has more than 25 years' experience in mergers, acquisitions, public offerings and financings in banking and the oil and gas industry.  He is currently Executive Director and Chief Financial Officer at Longboat Energy plc.  Previously he served as Chief Financial Officer at Faroe Petroleum from 2013 until 2019; was CFO at Lamprell; Finance Director at Sterling Energy; CFO of Gulf Keystone Petroleum; Director of Kleinwort Benson (later Wasserstein) Oil and Gas Corporate Finance and Advisory Team; and qualified as an accountant with KPMG.  Jon is a Fellow of the ICAEW and holds a PhD in Mechanical Engineering.  Jon will also be appointed as Chair of the Audit Committee and as a member of the Remuneration Committee.

Julian Kennedy

Julian Kennedy joined Trinity in September 2022 as Corporate Development Manager and was appointed Chief Financial Officer effective 1 January 2023.  Julian has over 30 years' experience across a wide range of roles in, and advising, the oil and gas industry.  Most recently, he was Head of Business Development for NEO Energy.  Previously, he was Head of Oil & Gas Acquisitions & Divestment for BMO Capital Markets in London and has held senior M&A, strategic and financial planning roles with oil and gas operators including BG Group, Canadian Natural Resources, Shell, Enterprise Oil and Amerada Hess.  Julian holds a BA in Economics.

Nick Clayton, Chairman of Trinity, commented:

"I am delighted to welcome Julian and Jon to our Board.  Their breadth and depth of oil and gas sector specific experience will provide the Board with additional perspectives.  In particular, both Jon and Julian bring extensive M&A and capital markets experience which will be invaluable as we continue to grow and develop Trinity's asset portfolio."

AIM Rule Disclosures 

In relation to the appointments to the board, there is no further information required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules for Companies save what is disclosed below. 

Dr Jonathan ("Jon") Robert Cooper, aged 55, has held the following directorships and/or partnerships in the past five years: 

Current Directorships/Partnerships		Previous Directorships/Partnerships
Longboat Energy plc		Faroe Petroleum plc
Longboat JAPEX Norge AS		Faroe Petroleum (Energy) Limited
		Faroe Petroleum (ROGB) Limited
		Faroe Petroleum SIP Employee Benefit Trust Limited
		Faroe Petroleum (U.K.) Limited
		Faroe Petroleum Norge AS

Dr Cooper does not hold any ordinary shares nor options over ordinary shares in the Company. 

Julian Peter Kennedy, aged 55, has held the following directorships and/or partnerships in the past five years:

Current Directorships/Partnerships		Previous Directorships/Partnerships
None		Entrada Oil & Gas Limited

Mr Kennedy holds 75,000 options in Trinity Exploration & Production plc as a result of a Long-Term Incentive Plan award in October 2022.

Enquiries:

Trinity Exploration & Production plc Jeremy Bridglalsingh, Chief Executive Officer Julian Kennedy, Chief Financial Officer Nick Clayton, Non-Executive Chairman	Via Vigo Consulting
SPARK Advisory Partners Limited (Nominated Adviser and Financial Adviser) Mark Brady James Keeshan	[phone]
Cenkos Securities PLC (Broker) Leif Powis Neil McDonald	[phone] [phone]
Vigo Consulting Limited Finlay Thomson Patrick d'Ancona	[e-mail] [phone]

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 ten licences and, across all of the Group's assets, management's estimate of the Group's 2P reserves as at the end of 2022 was 17.96 mmbbls.  Group 2C contingent resources are estimated to be 48.88 mmbbls.  The Group's overall 2P plus 2C volumes are therefore 66.84 mmbbls.

Trinity is quoted on AIM, a market operated and regulated by the London Stock Exchange Plc, under the ticker TRIN.

 

END