Wednesday, January 17, 2018

West coast oil fields for sale...again*


Trinity plc, a London-listed oil and gas exploration and production (E&P) company focused on Trinidad and Tobago, said in an update on the London Stock Exchange (LSE) last Thursday, that its producing assets offshore the west coast of Trinidad are up for sale again.
On August 11, Trinity had announced it entered into a binding sale and purchase agreement (SPA) to sell its interests in the Brighton Marine and the Point Ligoure-Guapo Bay — Brighton Marine Exploration and Production Licences and related fixed assets (the West Coast Assets) to a subsidiary of fellow London-listed Range Resources Limited for US$4.55 million in cash.

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