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.

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.