Trinity Exploration & Production Board Changes (7404H)
12 June 2017 - 4:01PM
UK Regulatory
TIDMTRIN
RNS Number : 7404H
Trinity Exploration & Production
12 June 2017
12 June 2017
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
Trinity Exploration & Production plc
("Trinity" or "the Group" or "the Company")
Board Changes
Trinity, the independent E&P company focused on Trinidad and
Tobago, announces that James Menzies will be appointed as a
non-executive director, effective Friday 23 June. On appointment,
James will serve as Chairman of the Remuneration Committee and also
serve as a member of the Audit Committee of the Board. Angus
Winther will assume the role of Chairman of the Audit Committee as
Jonathan Murphy has decided to step down from the Board following
the conclusion of the Company's 2017 Annual General Meeting on 23
June.
James is currently the Executive Chairman of TAP Oil, the
Australian listed independent E&P company and is based in
London. As a qualified Geophysicist, he brings to the Board 32
years of experience within the oil and gas industry both as a
technical practitioner and as a Senior Executive and comes with a
broad range of industrial and corporate experience. James founded
Salamander Energy plc in 2004 and was the Chief Executive Officer
up until its takeover by Ophir Energy that valued the business at
US$850 million.
Bruce A. I. Dingwall CBE, Executive Chairman of Trinity,
commented:
"I am delighted to welcome James to our Board. His background
and first-hand industry experience will provide the Board with
additional perspective and combined with our existing board
members, provides us with the appropriate industry, M&A and
capital markets experience as we seek to grow and develop Trinity's
oil and gas business in this new phase for the Company.
"On behalf of the Board, I would like to express our thanks and
to acknowledge Jon's invaluable contribution during his tenure on
the Board, particularly during the difficult times faced by the
Company last year. We wish him well for the future."
The following additional information is provided in accordance
with paragraph (g) of Schedule Two to the AIM Rules for
Companies:
James Graeme Menzies (aged 55), does not currently hold any
ordinary shares in the Company.
Current Directorships Previous Directorships
or Partnerships or Partnerships held within
the past five years
TAP Oil Limited Salamander Energy Group
Guinness Oil & Gas Exploration Limited
Trust PLC Salamander Energy (HoldCo)
Limited
Ophir Indonesia (Kutai)
Limited
Ophir (Indonesia South
East Sangatta) Limited
(
Salamander Energy (JS)
Limited
Ophir Indonesia (South
Sokang) Limited
Ophir Indonesia (Simenggaris)
Limited
Ophir Indonesia (Bontang
II) Limited
Salamander Energy (Bengara)
Limited
Salamander Energy (Vietnam)
Limited
Salamander Energy plc
Ophir Energy Indonesia
Limited
Salamander Energy (S.A.
Asia) Limited
Ophir Thailand (E&P) Limited
Salamander Energy (Bualuang
Holdings) Limited
Salamander Energy (Glagah
Kambuna Holdings) Limited
Salamander Energy (Philippines)
Limited
Transunion Petroleum Limited
Save as disclosed above, there are no other disclosures required
in relation to AIM Rule 17 or paragraph (g) of Schedule 2 of the
AIM Rules for Companies.
Enquiries:
Trinity Exploration & Production Tel: +44 (0)
131 240 3860
Bruce Dingwall, Executive Chairman
Tracy Mackenzie, Head of Corporate
Development
SPARK Advisory Partners Limited Tel: +44 (0)
(Nominated & Financial Adviser) 203 368 3550
Mark Brady
Miriam Greenwood
Sean Wyndham-Quin
Cantor Fitzgerald Europe (Broker) Tel: +44 (0)
207 894 7000
David Porter
Sebastien Maurin
Craig Francis
Walbrook PR Limited trinityexploration@walbrookpr.com
or Tel: +44 (0)
207 933 8780
Nick Rome
Gary Middleton
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 2016 was 21.3 mmbbls
(excluding the Guapo-1 license which was disposed of in April
2016). Group 2C contingent resources are estimated to be 21.1
mmbbls. The Group's overall 2P plus 2C volumes are therefore 42.3
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
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