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Trinity Exploration provides operational and strategic update


Published Nov 17, 2015
Trinity Exploration-2

Trinity, an independent E&P company focused on Trinidad and Tobago, provides an update on its operations and financials for the year to September 2015 as well as details on its forward strategy and portfolio following the proposed divestment of its onshore portfolio.

Operating Update

Group average net production levels of 2,963 boepd for the year to 30th September 2015 (H1 2015: 3,085 boepd)
Group's assets that will remain following the disposal of WD-2, WD-5/6, WD-13, WD-14, FZ-2 licences and Block GU-1 had an average net production levels of 1,354 boepd for the year to 30th of September 2015
Production levels continue to reflect the robust nature of the asset base with declines being modest against a backdrop of reduced levels of investment
Effective from 13th November 2015, Joel ('Monty') Pemberton has resigned his directorships of Trinity and its subsidiaries but as previously announced his employment with Trinity will continue until the end of the year

Tags: Trinity Exploration




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