Trinity Exploration & Production sells surplus inventory (Scandinavian Oil-Gas Magazine)

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Trinity Exploration & Production sells surplus inventory

Published Mar 12, 2015

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Trinity announces the sale of surplus casing and tubing to Rigtech Services Limited, Blanket Security Limited and Well Services Petroleum Company Limited for US$3.5 million.

The sale of casing and tubing to the Purchasers constitute a related party transaction under the AIM Rules as Anthony Brash, a Director of those entities, is also a Board member and shareholder of Trinity.

The directors of Trinity (with the exception of Anthony Brash) consider, having consulted with RBC Capital Markets in its capacity as the Company's nominated adviser, that the terms of the Transactions, are fair and reasonable insofar as the shareholders of Trinity are concerned.

Tags: Trinity Exploration

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Trinity's net production averaged 3,619 boepd in Q3

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