Trinity Exploration has agreed an additional loan extension for its $13million in debt.
The exploration and production company, which focusses on Trinidad and Tobago, has secured more time from its lender and now has until December 4 to make repayments.
However, Trinity said it expected that date to pushed back even further.
A spokesperson added: “Management expect for there to be continued support, particularly following the announcement of the sale of substantially all of Trinity’s onshore assets for $20.8 million.”
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