Trinity Exploration gets another loan repayment reprieve

Trinity Exploration & Production has agreed to extend its $13m (£9.2m) debt repayment deadline for a 22nd time.

The AIM-listed oil and gas exploration and production company said on Monday it had agreed an extension to the moratorium on principal repayments until the end of the week.

The Trinidad and Tobago company was first given an extension in mid-June 2015.

It said discussions are ongoing with its lender to secure a further extension of its credit facilities.

Management said it expected continued support following the announcement of the sale of nearly all of Trinity's onshore assets for $20.8m.