Trinity Exploration & Production (LON:TRIN) has told investors it has extended a moratorium on loan repayments.
Principal repayments on Trinity’s outstanding US$13mln debt remain on hold until the end of the month, the company said.
A strategic review and formal company sale process is ongoing.
Last month Trinity told investors confidential talks were continuing with potential buyers of the company, and the sale of individual assets is also a possibility.
In the meantime Trinity says it retains a regular dialogue with its lender and creditors.