TRINITY EXPLORATION & PRODUCTION PLC

Capital/Financing Update • May 31, 2016

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RNS Number : 6318Z

Trinity Exploration & Production

31 May 2016

Trinity Exploration & Production Plc

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

Loan Update

31st May 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 3rd June 2016.

Enquiries:

Trinity Exploration & Production

Bruce Dingwall, Executive Chairman

Tracy Mackenzie, Head of Corporate Development

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 an independent E&P 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 licences and has 2P reserves of 21.8 mmbbls according to management estimates.  Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.

This information is provided by RNS

The company news service from the London Stock Exchange

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