Trinity Exploration - Directorate Changes
09/08/2023 07:00
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RNS Number : 7093I Trinity Exploration & Production 09 August 2023
This announcement contains inside information as stipulated under the UK
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9 August 2023
Trinity Exploration & Production plc
("Trinity" or "the Group" or "the Company")
Directorate Changes
Trinity Exploration & Production plc (AIM: TRIN), the independent E&P
company focused on Trinidad and Tobago, is today pleased to announce the
appointment of Dr Jonathan ("Jon") Cooper as a Non-Executive Director and
Julian Kennedy as an Executive Director of the Company, effective 8 August
2023.
Jon Cooper
Jon Cooper has more than 25 years' experience in mergers, acquisitions, public
offerings and financings in banking and the oil and gas industry. He is
currently Executive Director and Chief Financial Officer at Longboat Energy
plc. Previously he served as Chief Financial Officer at Faroe Petroleum from
2013 until 2019; was CFO at Lamprell; Finance Director at Sterling Energy; CFO
of Gulf Keystone Petroleum; Director of Kleinwort Benson (later Wasserstein)
Oil and Gas Corporate Finance and Advisory Team; and qualified as an
accountant with KPMG. Jon is a Fellow of the ICAEW and holds a PhD in
Mechanical Engineering. Jon will also be appointed as Chair of the Audit
Committee and as a member of the Remuneration Committee.
Julian Kennedy
Julian Kennedy joined Trinity in September 2022 as Corporate Development
Manager and was appointed Chief Financial Officer effective 1 January 2023.
Julian has over 30 years' experience across a wide range of roles in, and
advising, the oil and gas industry. Most recently, he was Head of Business
Development for NEO Energy. Previously, he was Head of Oil & Gas
Acquisitions & Divestment for BMO Capital Markets in London and has held
senior M&A, strategic and financial planning roles with oil and gas
operators including BG Group, Canadian Natural Resources, Shell, Enterprise
Oil and Amerada Hess. Julian holds a BA in Economics.
Nick Clayton, Chairman of Trinity, commented:
"I am delighted to welcome Julian and Jon to our Board. Their breadth and
depth of oil and gas sector specific experience will provide the Board with
additional perspectives. In particular, both Jon and Julian bring extensive
M&A and capital markets experience which will be invaluable as we continue
to grow and develop Trinity's asset portfolio."
AIM Rule Disclosures
In relation to the appointments to the board, there is no further information
required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM
Rules for Companies save what is disclosed below.
Dr Jonathan ("Jon") Robert Cooper, aged 55, has held the following
directorships and/or partnerships in the past five years:
Current Directorships/Partnerships Previous Directorships/Partnerships
Longboat Energy plc Faroe Petroleum plc
Longboat JAPEX Norge AS Faroe Petroleum (Energy) Limited
Faroe Petroleum (ROGB) Limited
Faroe Petroleum SIP Employee Benefit Trust Limited
Faroe Petroleum (U.K.) Limited
Faroe Petroleum Norge AS
Dr Cooper does not hold any ordinary shares nor options over ordinary shares
in the Company.
Julian Peter Kennedy, aged 55, has held the following directorships and/or
partnerships in the past five years:
Current Directorships/Partnerships Previous Directorships/Partnerships
None Entrada Oil & Gas Limited
Mr Kennedy holds 75,000 options in Trinity Exploration & Production plc as
a result of a Long-Term Incentive Plan award in October 2022.
Enquiries:
Trinity Exploration & Production plc Via Vigo Consulting
Jeremy Bridglalsingh, Chief Executive Officer
Julian Kennedy, Chief Financial Officer
Nick Clayton, Non-Executive Chairman
SPARK Advisory Partners Limited +44 (0)20 3368 3550
(Nominated Adviser and Financial Adviser)
Mark Brady
James Keeshan
Cenkos Securities PLC (Broker) +44 (0)20 7397 8900
Leif Powis +44 (0)131 220 6939
Neil McDonald
Vigo Consulting Limited trinity@vigoconsulting.com
Finlay Thomson +44 (0)20 7390 0230
Patrick d'Ancona
About Trinity (www.trinityexploration.com (http://www.trinityexploration.com)
)
Trinity is an independent oil production company focused solely on Trinidad
and Tobago. Trinity operates producing and development assets both onshore
and offshore, in the shallow water West and East Coasts of Trinidad.
Trinity's portfolio includes current production, significant near-term
production growth opportunities from low-risk developments and multiple
exploration prospects with the potential to deliver meaningful
reserves/resources growth. The Company operates all of its ten licences and,
across all of the Group's assets, management's estimate of the Group's 2P
reserves as at the end of 2022 was 17.96 mmbbls. Group 2C contingent
resources are estimated to be 48.88 mmbbls. The Group's overall 2P plus 2C
volumes are therefore 66.84 mmbbls.
Trinity is quoted on AIM, a market operated and regulated by the London Stock
Exchange Plc, under the ticker TRIN.
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