Trinity extends debt payment deadline

Trinity extends debt payment deadline

Trinity Exploration and Production, an independent E&P with offshore and onshore assets in Trinidad and Tobago, said it has agreed with its lender yet another extension to the moratorium on principal repayments of debt.

The extension, related to to Trinity’s outstanding debt balance of US$13.0 million, is set to expire on February 19th 2016.

“Discussions are ongoing with the lender to secure a further extension of its credit facilities and management expect for there to be continued support, particularly following the announcement of the sale of substantially all of Trinity’s onshore assets for US$20.8 million,” Trinity said in a statement.

Shares of the company listed on the London Stock Exchange fell 15% to 3 pence ($0.o4) following the announcement on Monday. To remind, this time last year the company’s share price was a little less that 20 pence.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Posted on February 8, 2016 with tags .

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply