Trinity E&P has announced this morning that the previously announced sale of its West Coast assets to Range Resources has fallen through as a result of the regulators being unable to gain sufficient comfort on the transfer of ownership and operatorship, and hence didn’t give approval. It is still Trinity’s aim to divest these assets, and as such we don’t change our model, assuming the WC assets are worth the $4.55m consideration, which Trinity will now release back to Ra
23 Nov 2017
West Coast deal
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West Coast deal
Trinity Exploration & Production Plc (TRIN:LON) | 39.0 0 0.0% | Mkt Cap: 15.1m
- Published:
23 Nov 2017 -
Author:
Jessica Saadat -
Pages:
3
Trinity E&P has announced this morning that the previously announced sale of its West Coast assets to Range Resources has fallen through as a result of the regulators being unable to gain sufficient comfort on the transfer of ownership and operatorship, and hence didn’t give approval. It is still Trinity’s aim to divest these assets, and as such we don’t change our model, assuming the WC assets are worth the $4.55m consideration, which Trinity will now release back to Ra