Market Impact: Neutral. Trinity has announced the planned divestiture of its Gaupo-1 Block (100% WI) for total cash proceeds of US$2.8 mm. The proceeds will be directed toward the repayment of the senior secured debt. The proposed transaction is conditional on approval by Trinity shareholders.
01 Sep 2015
TRINITY EXPLORATION & PRODUCTION PLC (TRIN LN) DIVEST OF PRODUCING BLOCK TO REDUCE DEBT
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TRINITY EXPLORATION & PRODUCTION PLC (TRIN LN) DIVEST OF PRODUCING BLOCK TO REDUCE DEBT
Trinity Exploration & Production Plc (TRIN:LON) | 39.0 0 0.0% | Mkt Cap: 15.1m
- Published:
01 Sep 2015 -
Author:
Darren B. Engels -
Pages:
2
Market Impact: Neutral. Trinity has announced the planned divestiture of its Gaupo-1 Block (100% WI) for total cash proceeds of US$2.8 mm. The proceeds will be directed toward the repayment of the senior secured debt. The proposed transaction is conditional on approval by Trinity shareholders.