Trinity Exploration & Production Board Changes (3456C)
February 22 2022 - 2:00AM
UK Regulatory
TIDMTRIN
RNS Number : 3456C
Trinity Exploration & Production
22 February 2022
This announcement contains inside information as stipulated
under the UK version of the Market Abuse Regulation No 596/2014
which is part of English Law by virtue of the European (Withdrawal)
Act 2018, as amended. On publication of this announcement via a
Regulatory Information Service, this information is considered to
be in the public domain.
Trinity Exploration & Production plc
("Trinity" or "the Group" or "the Company")
Board Changes
Trinity Exploration & Production plc (AIM: TRIN), the
independent E&P company focused on Trinidad and Tobago,
announces that, having served on the Board for over five years,
David Segel is stepping down from his position as a Non-Executive
Director of the Company.
David remains fully supportive of the Company's long-term
strategy and has worked closely with the Board to find a suitably
qualified replacement. F ollowing an extensive and thorough
independent search process, the Company is delighted to announce
the appointment of Kaat Van Hecke as an independent Non-Executive
Director, replacing David, with immediate effect. Kaat will sit on
the Audit and Remuneration Committees of the Board and will become
the board member responsible for oversight of the HSSE
function.
Kaat has over 25 years' experience in the oil & gas industry
and has a strong operations background, having started her career
as a Production Engineer with ExxonMobil and Shell in Europe and
Nigeria. As the Operations Planning Manager at Sakhalin Energy - in
the far east of Russia - she played a key integration role in the
start-up of the 450,000 boepd company. At OMV, Kaat led the first
strategic review and new corporate planning cycle for Upstream to
later become Senior Vice President Austria Upstream.
Kaat also has public company experience and currently holds
independent Non-Executive Director roles at Nostrum Oil & Gas
Plc and Glover Gas & Power B.V./ Axxela Limited. During Kaat's
tenure at Nostrum she spent nine months as Interim CEO in
Kazakhstan whilst a permanent replacement was put in place.
David Segel commented:
"It has been an honour and privilege to serve on the board of
Trinity for the past five years and as a shareholder I look forward
to continuing to lend my support where appropriate. I would like to
offer my best wishes to the Trinity team as they take the Company
forward and deliver on their strategic plans."
Nick Clayton, Non-Executive Chairman, commented:
"On behalf of the Company I am delighted to welcome Kaat to the
team. Kaat has a strong operational and public company background,
which will be a great asset as we focus on scaling our business. We
would also like to place on record our thanks to David whose
support has been instrumental in helping the Company to grow into
the entity that it is today."
Rule 17 and Schedule Two paragraph (g) of the AIM Rules for
Companies
The following information is disclosed pursuant to Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies in
relation to Kaat Van Hecke.
Full name: Kaat Juliana M Van Hecke (age 50 years)
Current Directorships / Partnerships Previous Directorships / Partnerships
(last five years)
Nostrum Oil & Gas Plc None
Glover Gas & Power BV
Axxela Limited
Axxela Funding PLC
--------------------------------------
At the date of this announcement, Kaat Van Hecke holds no
ordinary shares in the capital of the Company.
Save as disclosed above there are no additional disclosures to
be made in accordance with Rule 17 or Schedule Two paragraph (g) of
the AIM Rules for Companies.
Enquiries
For further information please visit www.trinityexploration.com
or contact:
Trinity Exploration & Production plc +44 (0)131 240 3860
Nick Clayton, Non-Executive Chairman
Jeremy Bridglalsingh, Chief Executive
Officer
Tracy Mackenzie, Corporate Development
Manager
SPARK Advisory Partners Limited (Nominated
Adviser and Financial Adviser) +44 (0)20 3368 3550
Mark Brady
James Keeshan
Cenkos Securities PLC (Broker)
Leif Powis +44 (0)20 7397 8900
Neil McDonald +44 (0)131 220 6939
Walbrook PR Limited +44 (0)20 7933 8780
Nick Rome/Nicholas Johnson trinityexploration@walbrookpr.com
About Trinity ( www.trinityexploration.com )
Trinity is an independent oil production company focused solely
on Trinidad and Tobago. Trinity operates producing and development
assets both onshore and offshore, in the shallow water West and
East Coasts of Trinidad. Trinity'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/resources growth. The
Company operates all of its nine licences and, across all of the
Group's assets, management's estimate of the Group's 2P reserves as
at the end of 2020 was 19.55 mmbbls. Group 2C contingent resources
are estimated to be 31.06 mmbbls. The Group's overall 2P plus 2C
volumes are therefore 50.61 mmbbls.
Trinity is quoted on the AIM market of the London Stock Exchange
under the ticker TRIN.
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END
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