Loan Update

RNS Number : 8117U
Trinity Exploration & Production
03 August 2015
 



Trinity Exploration & Production Plc

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

 

Loan Update

 

 

3rd August 2015

 

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 21st of August 2015. The extension of its credit facilities by its senior lender represents their continued support of Trinity and the Formal Sales Process ("FSP").

 

Progress continues with the strategic review and FSP and as part of this Trinity retains a regular dialogue with its lender and creditors. Trinity will provide an update on progress to date from the process alongside an operations update within the timeframe of the extension.

 

 

 

 

Enquiries:

 

Trinity Exploration & Production

Joel "Monty" Pemberton, Chief Executive Officer

Tracy Mackenzie, Head of Investor Relations

 

Tel: +44 (0)13 1240 3860

 

 

 

RBC Capital Markets                                                              

Nomad & Broker

Matthew Coakes

Daniel Conti

 


Oil & Gas Advisory

Jakub Brogowski

Roland Symonds

 


Tel: +44 (0) 20 7653 4000

 

 

 

 

Tel: +44 (0) 20 7653 4000

Brunswick Group LLP (PR Adviser)

Patrick Handley

William Medvei

 

Tel: +44 (0) 20 7404 5959

 

 

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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPTMRTMBTMBLA
UK 100

Latest directors dealings