Trinity Exploration & Production (LON:TRIN) has agreed a further moratorium for loan repayments.
The company, which is undergoing sales talks, has moved the deadline for the debt hiatus to September 11.
It said that the extension of the US$13mln facility shows the continued support from the senior lender.
“Progress continues with the strategic review and FSP and as part of this Trinity retains a regular dialogue with its lender and creditors,” the company said in the statement.