Loan Update

RNS Number : 5431N
Trinity Exploration & Production
01 February 2016
 

Trinity Exploration & Production Plc

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

 

Loan Update

 

 

1st February 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 5th of February 2016. Discussions are ongoing with the lender to secure a further extension of its credit facilities and management expect for there to be continued support, particularly following the announcement of the sale of substantially all of Trinity's onshore assets for US$20.8 million.    

 

 

 

Enquiries:

 

Trinity Exploration & Production

Bruce Dingwall, Executive Chairman

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

 

About Trinity

Trinity is one of the largest independent E&P company focused on Trinidad and Tobago. Trinity currently 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. 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
 
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