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 View Profile

Trinity Exploration & Production PLC Timeline

Related Articles

Lekoil oil field development operations at Otakikpo project
February 20 2017
Otakikpo will now be ramped up from 5,000 bopd to 10,000 bopd over the coming months.
oilOnshore.jpg
January 23 2017
Chief executive Matthew Idiens said "with the change in political regime in the US, we feel the incoming administration will be very supportive of our industry."
picture of oil field
Mon
“Ntorya-3 is ready to go but want to make sure, we maximise as many targets as we possibly can.”

© Proactive Investors 2017

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.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use