27th Oct 2015 17:09
LONDON (Alliance News) - Trinity Exploration & Production PLC said it has agreed a further extension to the moratorium on repayments related to its outstanding debt of USD13.0 million with its lender to next Friday.
The Trinidad and Tobago focused exploration and production company said it is in talks with its lender to secure a longer extension of its credit facilities, and said that it expects there to be continued support, particularly after it announced the sale of substantially all of its onshore assets for USD20.8 million
Shares in Trinity closed down 7.5% at 8.00 pence Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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