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Investegate announcements from Trinity Exploration, Proposed Capital Reorganisation and Notice of AGM

On Monday the International Energy Agency said firms should not develop new oil and gas fields. The Paris-based watchdog said the climate pledges made by governments to date – even if fully achieved – would fall well short of what is required to bring global energy-related carbon dioxide emissions to net zero by 2050. It said there needed to be a massive increase in spending on renewables along with changes in behaviour if the net zero target were to be met. However, industry champions say new oil and gas fields will be needed to help meet global demand for energy while alternativ...

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Trinity Exploration acquires Trinidad and Tobago licence for $3.5m

Trinidad: Trinity Exploration announces acquisition of onshore PS-4 Block 04 May 2021 AIM-listed Trinity Exploration & Production, the independent E&P company focused on Trinidad and Tobago, has executed a Sale and Purchase Agreement ('SPA') with Moonsie Oil Company, a private Trinidad based operator, to acquire an operated 100% interest in the PS-4 Block Lease Operatorship Sub-Licence, onshore Trinidad for a total headline cash consideration of US$3.5 million (subject to potential closing adjustments as described below), to be funded from the Company's existing cash resources.  Acquisit...