Trinity Exploration & Production Trintes Field Update (8232W)
April 20 2023 - 2:00AM
UK Regulatory
TIDMTRIN
RNS Number : 8232W
Trinity Exploration & Production
20 April 2023
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.
20 April 2023
Trinity Exploration & Production plc
("Trinity" or "the Group" or "the Company")
Trintes Field Update
Trinity Exploration & Production plc (AIM: TRIN), the
independent E&P company focused on Trinidad and Tobago ,
provides this update to its announcement of 12 April 2023 regarding
Trinity's Bravo Platform in the Trintes Field, offshore east coast
Trinidad on Monday 10 April.
Following approval from the Ministry of Energy and Energy
Industries, received on Monday evening 17 April, the Company
successfully restored oil production from all previously producing
wells on the Bravo platform during Tuesday 18 April.
As previously announced, Alpha and Delta platforms restarted oil
production from all previously producing wells on Tuesday 11 April
2023.
Prior to the incident, oil production from the Bravo platform
accounted for approximately 350 bopd. Total Trintes field
production is approximately 1,010 bopd.
Enquiries:
Trinity Exploration & Production plc Via Vigo Consulting
Nick Clayton, Non- Executive Chairman
Jeremy Bridglalsingh, Chief Executive Officer
Julian Kennedy, Chief Financial Officer
SPARK Advisory Partners Limited
(Nominated Adviser and Financial Adviser)
Mark Brady
James Keeshan +44 (0)20 3368 3550
Cenkos Securities PLC (Broker)
Leif Powis +44 (0)20 7397 8900
Neil McDonald +44 (0)131 220 6939
Vigo Consulting Limited trinity@vigoconsulting.com
Finlay Thomson / Patrick d'Ancona +44 (0)20 739 0 0230
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 ten licences and, across all of the
Group's assets, management's estimate of the Group's 2P reserves as
at the end of 2021 was 19.73 mmbbls. Group 2C contingent resources
are estimated to be 47.22 mmbbls. The Group's overall 2P plus 2C
volumes are therefore 66.95 mmbbls.
Trinity is quoted on AIM, a market operated and regulated by the
London Stock Exchange Plc, under the ticker TRIN.
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END
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