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TRIN Trinity Exploration & Production Plc

40.00
0.00 (0.00%)
Last Updated: 08:00:28
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trinity Exploration & Production Plc LSE:TRIN London Ordinary Share GB00BN7CJ686 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 40.00 39.00 41.00 40.00 40.00 40.00 24,709 08:00:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trinity Exploration & Production Board Appointment (6353L)

14/09/2021 7:00am

UK Regulatory


Trinity Exploration & Pr... (LSE:TRIN)
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TIDMTRIN

RNS Number : 6353L

Trinity Exploration & Production

14 September 2021

Trinity Exploration & Production plc

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

Board Appointment

Ex-Head of Shell Trinidad & Tobago joins Trinity Board

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, is pleased to announce the appointment of Derek Hudson as an independent Non-Executive Director, and member of the Remuneration Committee, with immediate effect.

Derek is a geologist by profession, having over 30 years senior level experience in the oil and gas industry, operating globally (Trinidad and Tobago, United States, United Kingdom and East Africa) with multi-national organisations and state enterprises.

Derek is currently Non-Executive Chairman of Scotiabank Trinidad and Tobago Ltd, one of Trinidad and Tobago's largest banks. He worked for BG Group for over 20 years in senior managerial positions in the UK North Sea and Trinidad, prior to its combination with Royal Dutch Shell in 2016, and subsequently served as Shell's Vice President and Country Chairman, Trinidad & Tobago from June 2016 until June 2019, where he was responsible for Shell's upstream and LNG business activities in country. Subsequent to retiring from the role, Derek continued to serve as a Business Adviser to Shell's Trinidad and Tobago business until June 2021.

Derek conducted his geological science studies in Montreal, Canada with a focus on sedimentology. He has been a member of several prestigious industry bodies including the American Association of Petroleum Geologists, Canadian Society of Petroleum Geologists, Society of Economic Palaeontologists and Mineralogists and the Geological Society of Trinidad and Tobago. He has also served on the boards of NGOs and other voluntary organisations in Trinidad and Tobago and performed the role of Non-Executive Chairman of the Port Authority of Trinidad and Tobago from 2005 - 2010. Derek also served on the board of Atlantic LNG of Trinidad and Tobago for many years, while leading BG and Shell's business in country.

Nick Clayton, Non-Executive Chairman, commented:

"We are extremely pleased to announce the appointment of Derek Hudson to the Board of Trinity. Derek is a well-known and highly respected figure in the international oil and gas industry. Derek's outstanding track record across a range of complex exploration, business development, financial and operational activities in both offshore and onshore environments brings significant complementary skills to the Board and will augment our technical and industry-specific commercial expertise. Furthermore, his extensive local experience, having worked closely with both Government and Industry at a senior level for many years, combined with a deep understanding of the Trinidad business and cultural environment, will be of huge benefit as we seek to meaningfully scale the business."

Derek Hudson, Non-Executive Director, said:

"I am delighted to be joining the Board of Trinity and look forward to assisting the Group as it builds on the legacy of Bruce Dingwall. Bruce and I were professional colleagues for many years and it is an honour to be lending my support to the Board in taking the company forward to ensure that Bruce's aspirations for Trinity to be a strong and balanced energy business will be met."

Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Derek Hudson.

Full name: Derek Ian George Hudson (age 65 years)

 
 Current Directorships / Partnerships   Previous Directorships / Partnerships 
                                         (last 5 years) 
 S cotiabank Trinidad and               Royal Dutch Shell Trinidad and Tobago 
  Tobago Ltd.                            Limited 
  Catholic Education Board               BG Atlantic 4 Holdings Limited 
  of Management                          BG Atlantic 1 Holdings Limited 
  Six-S Holdings Ltd.                    BG Atlantic 2/3 Holdings Limited 
  Zamfarah Enterprises Limited           BG West Indies No. 2 Limited 
  Gas4Ever Limited                       BG Central Holdings Ltd. 
  Lambeau Investments Limited            Shell Trinidad and Tobago Resources 
  First Class Gas Investments            SRL 
  Limited                                Shell Trinidad and Tobago Limited 
                                         Shell Trinidad Block E Limited 
                                         Shell Trinidad 5(A) Limited 
                                         BG Trinidad LNG Limited 
                                         Atlantic LNG Company of Trinidad 
                                         and Tobago 
                                         Shell LNG T&T Ltd 
                                         Shell Gas Supply Trinidad Limited 
                                         Shell Trinidad Central Block Limited 
                                         BG 2/3 Investments Limited 
                                         Shell Manatee Limited 
                                         Atlantic LNG 4 Company of Trinidad 
                                         and Tobago Unlimited 
                                         Atlantic LNG 2/3 Company of Trinidad 
                                         and Tobago Unlimited 
                                         Atlantic 2/3 Holdings LLC 
                                         Atlantic 4 Holdings LLC 
                                         Atlantic 1 Holdings LLC 
                                         Shell LNG Port Spain B.V. 
                                         Futura Clara Limited 
                                       -------------------------------------- 
 

At the date of this announcement, Derek Hudson holds no ordinary shares in the capital of the Company.

Save as disclosed above there are no additional disclosures to be made in accordance with Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

Enquiries

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

 
 Trinity Exploration & Production plc          +44 (0)131 240 3860 
 Nick Clayton, Non-Executive Chairman 
  Jeremy Bridglalsingh, Chief Executive 
  Officer 
  Tracy Mackenzie, Corporate Development 
  Manager 
 
 SPARK Advisory Partners Limited (Nominated 
  Adviser and Financial Adviser)               +44 (0)20 3368 3550 
 Mark Brady 
  James Keeshan 
 Cenkos Securities PLC (Broker) 
 Leif Powis                                    +44 (0)20 7397 8900 
  Neil McDonald                                 +44 (0)131 220 6939 
 
 Walbrook PR Limited                           +44 (0)20 7933 8780 
 Nick Rome/Nicholas Johnson                    trinityexploration@walbrookpr.com 
 
   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 nine licences and, across all of the Group's assets, management's estimate of the Group's 2P reserves as at the end of 2020 was 19.55 mmbbls. Group 2C contingent resources are estimated to be 31.06 mmbbls. The Group's overall 2P plus 2C volumes are therefore 50.61 mmbbls.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

September 14, 2021 02:00 ET (06:00 GMT)

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