Trinity Exploration & Production Buenos Ayres Environmental Impact Assessment (1696L)
04 Settembre 2023 - 8:00AM
UK Regulatory
TIDMTRIN
RNS Number : 1696L
Trinity Exploration & Production
04 September 2023
4 September 2023
Trinity Exploration & Production plc
("Trinity" or "the Group" or "the Company")
Commencing Environmental Impact Assessment for the Buenos Ayres
block, onshore Trinidad
Trinity Exploration & Production plc (AIM: TRIN), the
independent E&P company focused on Trinidad and Tobago , has
secured Terms of Reference for its proposed Environmental Impact
Assessment ("EIA") for the Buenos Ayres block, onshore Trinidad
from the Environmental Management Authority of Trinidad .
Trinity's successful application for the Buenos Ayres block,
offered in the 2022 Onshore and Nearshore Competitive Bid Round,
was announced on 13 June 2023.
A Certificate of Environmental Clearance ("CEC") is a
prerequisite for drilling activity and the EIA is required for the
CEC.
Trinity's CEC application is for 10 surface drilling
locations.
The EIA needs to acquire data from both wet and dry seasons.
Trinity has expedited securing the Terms of Reference for this
survey, ahead of the formal award of the licence, to collect wet
season data this year which gives us the best opportunity to allow
drilling to begin on the Buenos Ayres block in the second half of
2024.
Jeremy Bridglalsingh, Chief Executive Officer of Trinity,
commented:
"Buenos Ayres is a cornerstone of our revitalised onshore
strategy focused on our broader Palo Seco operating interests. Our
confidence in the Palo Seco play has increased with our progress on
Jacobin thus far.
"In June, we referenced our intention to rapidly exploit our
competitive edge onshore Trinidad. Starting the acquisition of the
Buenos Ayres EIA ahead of the formal award of the licence is
evidence of Trinity's commitment to progress this strategic option
with pace."
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
(Nominated Adviser and Financial Adviser)
Mark Brady
James Keeshan +44 (0)20 3368 3550
Cenkos Securities PLC (Broker)
Leif Powis +44 (0)20 7397 8900
Neil McDonald +44 (0)131 220 6939
Vigo Consulting Limited trinity@vigoconsulting.com
Finlay Thomson +44 (0)20 739 0
Patrick d'Ancona 0230
About Trinity ( 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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