Trinity Exploration, the E&P company focused on Trinidad and Tobago, has agreed the latest extension to the moratorium on principal repayments on its outstanding debt balance of $13million with its lender, until the Friday (June 3).
The company has been working with its lender on a long-term extension plan.
Last year, Trinity offloaded of the majority of its onshore assets for $20.8 million.
Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad.
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