Trinity Exploration & Production Director/PDMR Shareholding (8637Y)

TIDMTRIN

RNS Number : 8637Y

Trinity Exploration & Production

08 December 2017

Trinity Exploration & Production plc

("Trinity" or 'the Group' or "the Company")

PDMR Dealings

Trinity (AIM: TRIN), the leading independent E&P company focused on Trinidad and Tobago, announces that James Menzies, non-executive director, purchased 175,000 shares in the Company at a price of 14.9p per share.

Following this transaction, Mr Menzies is interested in 675,000 Ordinary shares in the Company representing 0.24 per cent of the issued share capital (voting rights), of the Company as per the following table:

 
1    Details of the person discharging managerial 
      responsibilities/person closely associated 
a)   Name                              James Menzies 
2    Reason for the notification 
a)   Position/status                   Non-Executive Director 
b)   Initial notification /Amendment   Initial 
3    Details of the issuer, emission allowance market 
      participant, auction platform, auctioneer or 
      auction monitor 
a)   Name                              Trinity Exploration & Production plc 
b)   Legal Entity Identifier           213800WHW7571LAEDG63 
4    Details of the transaction(s): section to be 
      repeated for (i) each type of instrument; (ii) 
      each type of transaction; (iii) each date; 
      and (iv) each place where transactions have 
      been conducted 
a)   Description of the financial      Ordinary shares of USD 0.01 per share par value 
      instrument, type of instrument 
                                        GB00B8JG4R91 
      Identification code 
b)   Nature of the transaction         Purchase 
c)   Currency                          GBP 
d)   Price(s) and volume(s)            Price(s)                 Volume(s) 
                                       0.149                    175,000 
e)   Aggregated information 
      - Aggregated volume                175,000 
      - Aggregated price                 GBP26,075 
      - Aggregated total                 GBP26,075 
f)   Date of the transaction           8.12.2017 
g)   Place of the transaction          London Stock Exchange, AIM 
 

For further information please visit: www.trinityexploration.com or contact:

 
 
   Trinity Exploration & Production     Tel: +44 (0) 131 
   Bruce Dingwall CBE, Executive        240 3860 
   Chairman 
   Jeremy Bridglalsingh, Chief 
   Financial Officer 
 SPARK Advisory Partners Limited      Tel: +44 (0) 203 
  (NOMAD & Financial Adviser)          368 3550 
  Mark Brady 
  Miriam Greenwood 
  James Keeshan 
 Cantor Fitzgerald Europe (Broker)    Tel: +44 (0) 207 
  David Porter                         894 7000 
  Sebastien Maurin 
                                      Tel: +44 (0) 207 
   Whitman Howard Limited (Equity      659 1234 
   Adviser) 
   Nick Lovering 
 Walbrook PR Limited                  [e-mail] 
  Nick Rome                            or Tel: +44 (0) 207 
                                       933 8780 
 

About Trinity

Trinity is an independent oil and gas exploration and 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 nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2015 was 20.9 MMbbls (excluding the Guapo-1 license which was disposed of in April 2016). Group 2C contingent resources are estimated to be 19.8 MMbbls. The Group's overall 2P plus 2C volumes are therefore 40.7 MMbbls.

Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHZVLFBDLFEFBQ

(END) Dow Jones Newswires

December 08, 2017 10:00 ET (15:00 GMT)