Trinity Exploration & Production ups sales volumes
Source - SMW
Trinidad and Tobago focused Trinity Exploration & Production posted a 9% rise in third quarter sales volumes and stuck to its full-year output guidance.
Sales volumes for the three months through September rose on-year to 2,734 barrels of oil per day.
The company, however, said volumes had fallen 3% on-quarter owing to a well being offline for 2 months, weather-related electrical supply disruptions and higher-than-normal closing stocks.
'The full impact of the current drilling campaign should start to become evident through the fourth quarter and in particular in the 2019 first quarter when all six wells are expected to be on production,' Trinity said.
'As such, the company remains confident that 2018 exit production will be in excess of 3,000 bopd putting it in a strong position to deliver further increases in operating performance and profitability for the 2018 second half and the full year 2019.'
At 10:05am: (LON:TRIN) Trinity Exploration Production share price was +0.15p at 16.7p