Trinity Exploration gets debt repayment extension
AIM-listed exploration and production company Trinity Exploration has agreed a further extension to the moratorium on repayments relating to its outstanding debt balance of $13m until the 29 January.
FTSE AIM All-Share
745.67
17:08 19/04/24
n/a
n/a
Trinity Exploration & Production
38.20p
16:55 19/04/24
-3.29%
-1.30p
The company also said discussions are ongoing with the lender to secure a further extension of its credit facilities.
Management expects there to be continued support, particularly following the announcement of the sale of its onshore assets in Trinidad and Tobago for $20.8m.
At 1006 GMT, shares were down 6.8% to 1.87p.