Net Q2 production averaged 2,939 boepd with 45% reduction in General and Administrative costs year-on-year to USD 5.7 million for H1 2015. Trinity benefited from not being subject to Supplemental Petroleum Taxes when the WTI oil price fell below USD 50.0/bbl
Group average net production levels of 3,085 boepd for H1 2015, and net Q2 production averaged 2,939 boepd. Revenues of USD 27.8 million, and reduced operating costs by 36% at USD 12.0 million (H1 2014:USD 18.7 million)
Trinity is a full-cycle oil and gas company that has grown to become the largest Trinidad & Tobago focused independent energy firm, with a portfolio of onshore and offshore assets in Trinidad and South Africa.
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Copyright 2014 Trinity Exploration & Production plc.