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

Trinity Exploration and Production PLC extends debt moratorium

Trinity Exploration and Production PLC, the oil exploration and production group, said it had further extended the moratorium on its debt repayment..
Trinity Exploration and Production PLC extends debt moratorium
The company said the moratorium on its outstanding £13mln debt now runs until March 11 this year...

Trinity Exploration and Production PLC (LON:TRIN), the oil exploration and production group, said 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 March 11 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 added.

Giles_55af4ddca6481.jpg
Why Invest In Trinity Exploration & Production PLC? Read More Here

Register here to be notified of future TRIN Company articles
View full TRIN profile

Trinity Exploration & Production PLC Timeline

Related Articles

Hurricane Energy CEO, DR Robert Trice onboard offshore drilling rig
February 07 2017
300mln barrels is "too conservative" an estimate for the West of Shetland discovery, experts reckon there could be more than 1bn barrels, but investors will just have to wait and see just how much crude is in the Lancaster field.
Prime Minister David Cameron supports fracking in the UK, he is pictured at a IGas Energy shale well site.
March 09 2017
A US$35mln injection of fresh funds from strategic investor Kerogen Capital and a debt-for-equity swap with its lenders is underway
picture of oil wells
November 01 2016
Investors were impressed by the progress sending the shares up by 37% at one point, before they settled back down to a 14% rise to 3.45p

© 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