Saturday 22nd February, 2014
Trinity Exploration & Production plc reported to the London Stock Exchange (LSE) production growth of 23 per cent, and reserve growth of over 56 since it went public just over a year ago. Through a reverse takeover of Bayfield Energy, Trinity listed on the LSE on St Valentine’s Day 2013.
Though the company’s TGAL-1 discovery “added considerably to Trinity’s resource base and demonstrates the potential of Trinity’s Galeota license, reserves from that find were not included in the count, and would therefore lift the number to over 56 per cent. Trinity management’s preliminary estimates indicate gross original oil in place of 50-115 million barrels (mmbbl) of oil.