Source - RNS
RNS Number : 7404H
Trinity Exploration & Production
12 June 2017

12 June 2017


Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Trinity Exploration & Production plc

("Trinity" or "the Group" or "the Company")


Board Changes


Trinity, the independent E&P company focused on Trinidad and Tobago, announces that James Menzies will be appointed as a non-executive director, effective Friday 23 June. On appointment, James will serve as Chairman of the Remuneration Committee and also serve as a member of the Audit Committee of the Board. Angus Winther will assume the role of Chairman of the Audit Committee as Jonathan Murphy has decided to step down from the Board following the conclusion of the Company's 2017 Annual General Meeting on 23 June.


James is currently the Executive Chairman of TAP Oil, the Australian listed independent E&P company and is based in London. As a qualified Geophysicist, he brings to the Board 32 years of experience within the oil and gas industry both as a technical practitioner and as a Senior Executive and comes with a broad range of industrial and corporate experience. James founded Salamander Energy plc in 2004 and was the Chief Executive Officer up until its takeover by Ophir Energy that valued the business at US$850 million.


Bruce A. I. Dingwall CBE, Executive Chairman of Trinity, commented:

"I am delighted to welcome James to our Board. His background and first-hand industry experience will provide the Board with additional perspective and combined with our existing board members, provides us with the appropriate industry, M&A and capital markets experience as we seek to grow and develop Trinity's oil and gas business in this new phase for the Company.


"On behalf of the Board, I would like to express our thanks and to acknowledge Jon's invaluable contribution during his tenure on the Board, particularly during the difficult times faced by the Company last year. We wish him well for the future."


The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:

James Graeme Menzies (aged 55), does not currently hold any ordinary shares in the Company.



Current Directorships or Partnerships        

Previous Directorships or Partnerships held within the past five years

TAP Oil Limited

Guinness Oil & Gas Exploration Trust PLC


Salamander Energy Group Limited

Salamander Energy (HoldCo) Limited

Ophir Indonesia (Kutai) Limited

Ophir (Indonesia South East Sangatta) Limited (

Salamander Energy (JS) Limited

Ophir Indonesia (South Sokang) Limited

Ophir Indonesia (Simenggaris) Limited

Ophir Indonesia (Bontang II) Limited

Salamander Energy (Bengara) Limited

Salamander Energy (Vietnam) Limited

Salamander Energy plc

Ophir Energy Indonesia Limited

Salamander Energy (S.A. Asia) Limited

Ophir Thailand (E&P) Limited

Salamander Energy (Bualuang Holdings) Limited

Salamander Energy (Glagah Kambuna Holdings) Limited

Salamander Energy (Philippines) Limited

Transunion Petroleum Limited



Save as disclosed above, there are no other disclosures required in relation to AIM Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.




Trinity Exploration & Production

Tel: +44 (0) 131 240 3860

Bruce Dingwall, Executive Chairman

Tracy Mackenzie, Head of Corporate Development

SPARK Advisory Partners Limited (Nominated & Financial Adviser)

Tel: +44 (0) 203 368 3550

Mark Brady

Miriam Greenwood

Sean Wyndham-Quin

Cantor Fitzgerald Europe (Broker)

Tel: +44 (0) 207 894 7000

David Porter

Sebastien Maurin

Craig Francis

Walbrook PR Limited

[email protected] or Tel: +44 (0) 207 933 8780

Nick Rome

Gary Middleton


About Trinity

Trinity is an independent oil and gas exploration and production company focused solely on Trinidad and Tobago.  Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth.  The Company operates all of its nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2016 was 21.3 mmbbls (excluding the Guapo-1 license which was disposed of in April 2016). Group 2C contingent resources are estimated to be 21.1 mmbbls. The Group's overall 2P plus 2C volumes are therefore 42.3 mmbbls.


Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.

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