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
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12:50 15/11/24
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Trinity Exploration & Production
68.00p
16:55 04/11/24
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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.