Trinity Exploration & Production Directorate Changes (5054I)

TIDMTRIN

RNS Number : 5054I

Trinity Exploration & Production

13 August 2021

Trinity Exploration & Production plc

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

Directorate Changes

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago confirms the following Board changes following the tragic passing of Bruce Dingwall CBE, Executive Chairman, on 03 August 2021.

Mr. Nicholas Clayton, who was named Interim Non-Executive Chairman, will assume the role of Non-Executive Chairman of the Company on a permanent basis with effect from today.

Nicholas, who joined Trinity as a senior independent director in November 2018, has 37 years of experience within the global oil and gas sector both as a practitioner and director, providing strategic and corporate finance advice. Beginning his career at BP, Nicholas moved into the financial services sector, holding a series of senior oil and gas corporate finance roles, including Global Co-Head of Oil and Gas Corporate Finance for Canaccord Adams and Global Head of Oil and Gas Corporate Finance for Dresdner Kleinwort Wasserstein.

Jeremy Bridglalsingh, currently Managing Director, will assume the position of Chief Executive Officer, effective today. Jeremy, who has been at the forefront of managing Trinity since 2016, will continue to lead the six strong Executive Management Team; which was recently strengthened and expanded to include Mr. Denva Seepersad as Finance Director and Dr. Ryan Ramsook as Executive Manager Sub Surface.

Joining Trinity in 2012, Jeremy has a broad and deep understanding of the Company's activities, having held roles across the Financial, Corporate, ICT and supply chain disciplines, assuming the role of Chief Financial Officer in January 2016 and then Managing Director in 2019. Before Trinity, Jeremy qualified as a Chartered Accountant and worked in financial services at PricewaterhouseCoopers (T&T) and Operis Group plc (London), mainly in an advisory role on various transactions across a number of jurisdictions.

Nicholas Clayton, Non-Executive Chairman, said:

"Our thoughts remain with Bruce's family during this difficult time. His character and achievements remain an inspiration to all of us here at Trinity.

"Trinity has a talented management team and we remain committed to honouring Bruce's memory through continuing to build on the excellent platform we have created under his leadership. We look forward to delivering growth through the multiple development opportunities the business now has. His legacy will be a strong, balanced, Trinidadian energy business, with the hallmarks of passion and endeavour that characterised Bruce and which are evident throughout our organisation."

Enquiries

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

 
 Trinity Exploration & Production plc          [phone] 
 Nick Clayton, Non-Executive Chairman 
  Jeremy Bridglalsingh, Chief Executive 
  Officer 
  Tracy Mackenzie, Corporate Development 
  Manager 
 
 SPARK Advisory Partners Limited (Nominated 
  Adviser and Financial Adviser)               [phone] 
 Mark Brady 
  James Keeshan 
 Cenkos Securities PLC (Broker) 
 Leif Powis                                    [phone] 
  Neil McDonald                                 [phone] 
 
 Walbrook PR Limited                           [phone] 
 Nick Rome/Nicholas Johnson                    [e-mail] 
 
   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.

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August 13, 2021 02:00 ET (06:00 GMT)