TRINITY EXPLORATION & PRODUCTION PLC

Capital/Financing Update • Jul 16, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 1848T

Trinity Exploration & Production

16 July 2015

Trinity Exploration & Production Plc

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

Loan Update

16th July 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 31st of July 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.

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 & Joint Broker Matthew Coakes Daniel Conti
Oil & Gas Advisory Jakub Brogowski Roland Symonds

Tel: +44 (0) 20 7653 4000

Tel: +44 (0) 20 7029 8000

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

MSCRAMBTMBTBTMA