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Proactive news snapshot – Motif Bio, Trinity Exploration, Jubilee Platinum…
A glance at some of the day's highlights from the Proactive Investors newswire
Company
LON:TRIN
Trinity is the largest Trinidad & Tobago focused independent E&P company, with assets onshore and offshore on both the west and east coasts. The Company’s portfolio includes current production, significant near-term production growth opportunities from low risk developments, and multiple exploration prospects with the potential to deliver meaningful reserves growth. Trinity is headquartered in San Fernando, Trinidad, where the executive management team is based. Having our executive management team in the country where the assets are located ensures greater focus on setting the appropriate culture, with staff having a clear line of sight to their leaders. Trinidad & Tobago’s world class hydrocarbon province provides Trinity with a wealth of high quality growth opportunities both in the short and medium-term. As the largest local independent, Trinity is uniquely positioned to monetise reserves in this basin that fall below the materiality thresholds of the current owners.
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A glance at some of the day's highlights from the Proactive Investors newswire
"Trinity has a clear strategic focus going forward, which is to grow our reserves and production to maximise the cash flow from our core assets," says chief executive Bruce Dingwall.
A look at some of the biggest risers and fallers in London today
Net production averaged 2,397 barrels of oil per day from 2,659 bopd last year, while realised prices were reported at US$46.4 per barrel up from US$32.8
The FTSE 100 index finished down around 44 at 7,498, above the session low of 7,475.83, but unable to reach the opening peak of 7.542.73
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A glace at the stories on the Proactive newswire today
A look at the biggest risers and fallers in London today
Onshore, the company has a number of programmes including well work-overs, reactivations, and maturation of new drilling opportunities.
The UK blue chip index closed down around 15 points at 7,424
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James Menzies, the executive chairman of Aussie firm TAP Oil, has been appointed as a non-executive director of Trinity Exploration
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A summary of small cap news stories on the Proactive wires today
Photonstar LED, Baron Oil and Capital Drilling are in positive territory while shares in Premier Veterinary Group, Ortac Resources and PureCircle are under the cosh
"We are well placed to grow as a producing, cash flow positive business," says executive chairman Bruce Dingwall.
The FTSE 100 closed up 46 at 7,250 on the day with Intertek the biggest gainer
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A look back at the week’s highlighted news for junior oilers
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A glance at some of the stories on the Proactive newswire today
Trinity wants a run-rate of 3,000 bopd over the next 12 months