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Mon, 16th May 2016 08:11
LONDON (Alliance News) - Trinity Exploration & Production PLC on Monday said it has secured its 31st extension to the moratorium on repayments relating to its outstanding debt balance of USD13.0 million with its lender Citibank.
The new extension will run to May 20, having been due to expire on May 13.
Trinity shares were up 7.9% to 2.97 pence Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
(ShareCast News) - Trinity Exploration and Production (E&P) suspended trading on AIM on Wednesday due to its inability to curb its debt. The Trinidad-based oil explorer has been in extended negotiations with Citibank to try and salvage its outstanding debt balance of $13m. The bank offered the group
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