Independent exploration and production company Trinity has agreed a further extension to the moratorium on principal repayments related to its outstanding debt.
Trinity Exploration & Production has struck a deal to sell a number of its onshore assets in Trinidad and Tobago to Touchstone Exploration in a $20.8million deal.
The UK-listed company said the move comes after a strategic review was undertaken earlier this year.
Independent producer Trinity has revealed it is looking for a buyer for its assets in Trindad and Tobago whilst agreeing a further extension until October 9 to its debt repayment "moratorium" on the $13million it owes is principal lender.