Trinity Exploration - Updated Guidance and New Corporate Presentation
13/06/2023 07:00
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RNS Number : 4737C Trinity Exploration & Production 13 June 2023
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13 June 2023
Trinity Exploration & Production plc
("Trinity" or "the Group" or "the Company")
Updated Guidance and New Corporate Presentation
Trinity Exploration & Production plc (AIM: TRIN), the independent E&P
company focused on Trinidad and Tobago, announces updated guidance for 2023.
In addition, a new corporate presentation which includes this updated
guidance is now available to view on the Company website via the following
link: https://trinityexploration.com/investors/investor-presentations/
(https://trinityexploration.com/investors/investor-presentations/)
2023 Guidance
Trinity provides the following update on guidance for 2023.
· Sales guidance of between 2,800-3,100 bopd (Q1 2023: 2,899 bopd; FY
2022: 2,975 bopd)
· Capex (USD) ranging between $16m-$18m (2022: $15.5m)
· Operating Cashflow (USD) guidance of $10m-$12m (2022: $12m)
Enquiries:
Trinity Exploration & Production plc Via Vigo Consulting (mailto:trinity@vigoconsulting.com)
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 / Patrick d'Ancona +44 (0)20 7390 0230
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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