Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Trinity Exploration further extends debt delay

Trinity, the oil exploration and production group, told investors it had further extended the moratorium on its debt repayment whilst it awaits the closing of an asset sale.
Trinity Exploration further extends debt delay
The firm further extended the debt moratorium
Trinity (LON:TRIN), the oil exploration and production group,  told investors it had further extended the moratorium on its debt repayment whilst it awaits the closing of an asset sale.
 
The company said the moratorium on its outstanding £13mln debt now runs until February 19 this year.
 
"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," it said.
View full TRIN profile

Trinity Exploration & Production PLC Timeline

Newswire
February 01 2016
Newswire
January 25 2016

Related Articles

The Kiliwani North project
August 18 2016
The Kiliwani North gas project began production in April and was a key step in Aminex’s much anticipated phase of development.
One of Iofina's plants in Oklahoma where it produces iodine from brine water taken as by product from oil fields
July 12 2016
Iofina shares have rallied over 180% since April. A new debt deal and the prospect of improving markets bode well for the AIM group's continuing recovery.
Prime Minister David Cameron supports fracking in the UK, he is pictured at a IGas Energy shale well site.
March 16 2016
A 25% drop in production costs and oil sales above $60 are the obvious, somewhat cherry-picked highlights of 2015's financial results.

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.