Trinity Exploration & Production Updated Guidance and New Corporate Presentation (4737C)

TIDMTRIN

RNS Number : 4737C

Trinity Exploration & Production

13 June 2023

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13 June 2023

Trinity Exploration & Production plc

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

Updated Guidance and New Corporate Presentation

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago , announces updated guidance for 2023. In addition, a new corporate presentation which includes this updated guidance is now available to view on the Company website via the following link: https://trinityexploration.com/investors/investor-presentations/

2023 Guidance

Trinity provides the following update on guidance for 2023.

   --    Sales guidance of between 2,800-3,100 bopd (Q1 2023: 2,899 bopd; FY 2022: 2,975 bopd) 
   --    Capex (USD) ranging between $16m-$18m (2022: $15.5m) 
   --    Operating Cashflow (USD) guidance of $10m-$12m (2022: $12m)

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 / Patrick d'Ancona                 +44 (0)20 739 0 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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