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

Newswire
February 01 2016
Newswire
January 25 2016
Newswire
November 10 2015

Related Articles

shutterstock_227772058.jpg
February 29 2016
The North Matanda field is estimated to hold 1.8Tcf of gas and 136mln barrels of condensate on a p50 basis.
oilOnshore_5644486f291f4.jpg
November 12 2015
“Companies are cutting capital investment, but they are still also spending money,” reports chief executive Steve Snead.
Dragon_oil,_platform_1.png
June 15 2015
ENOC says it is giving minority shareholders certainty, and an opportunity to realise significant cash

© 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.