Trinity Exploration & Production Directorate Changes (5054I)
13 August 2021 - 4:00PM
UK Regulatory
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 +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.
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