Mise à jour des réserves de fin d’année 2023
Cette annonce contient des informations privilégiées telles que stipulées dans la version britannique du règlement sur les abus de marché n° 596/2014 qui fait partie du droit anglais en vertu de l'European (Withdrawal) Act 2018, tel que modifié. Lors de la publication de cette annonce via un Service d'Information Réglementaire, cette information est considérée comme étant dans le domaine public.
15 Avril 2024
Trinity Exploration & Production plc
("Trinity" ou "le Groupe" ou "la Société")
Mise à jour des réserves de fin d’année 2023
Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, announces updated management estimates of Trinity's technical recoverable resources as at Year-End 2023. The technical work underpinning this management estimate was reviewed by Netherland, Sewell & Associates, Inc.
Trinity provides the following estimates for its technical recoverable resources (2P + 2C) as at Fin de l'année 2023:
2023 Year-End Reserves and Resources | mmstb | |
Réserves 2P | Net 2P reserves of oil and gas at Year-End 2022 | 17.96 |
| Production during 2023 | - 1.02 |
| Révisions | - 4.03 |
| Net 2P reserves of oil and gas at Year-End 2023 | 12.91 |
| ||
Ressources 2C | Net 2C resources at Year-End 2022 | 48.88 |
| Révisions | - 10.20 |
| Net 2C resources at Year-End 2023 | 38.68 |
| ||
Combiné 2P + 2C | Net 2P reserves + 2C Resources at Year-End 2022 | 66.84 |
Production during 2023 | - 1.02 | |
| 2P Revisions | - 4.03 |
| 2C Revisions | - 10.20 |
| Net 2P reserves + 2C Resources at Year-End 2023 | 51.58 |
Notes: mmstb - million stock tank barrels
All data rounded to two decimal places
The largest reduction in 2P Reserves at Year-End 2023 is from wells that were categorised as economic 2P Reserves at Year-End 2022 which have been reclassified to 2C Resources due to individual opportunities being considered uneconomic at the date of review. Additional reductions are due to the impact of earlier economic limit truncations and revisions to the Trintes Infill well programme.
The reduction in 2C Resources is attributed largely to the Galeota block based on the latest interpretation and mapping of reprocessed seismic data which resulted in a view that the field structure is more steeply dipping than in previous interpretations. The Year-End 2023 total 2C for Galeota is 27.5 mmstb (compared to 35.8 mmstb previously). While the 2C Resource estimate for Galeota has been reduced the impact on the development plans for the field is minimal.
The Company will hold a session for investors via the Investor Meet Company platform in the week commencing 22 April 2024, following the announcement of its Q1 Operational Update that week.
Jeremy Bridglalsingh, PDG de Trinity, a commenté :
"2023 witnessed a reduction in our reported reserves and resources base. This was due to a number of factors, primarily the reclassification of uneconomic wells which were originally in 2P and have now been moved to 2C. Whilst this is undoubtedly disappointing, all the Company's current growth scenarios are focused on exploiting the 2P reserves of 12.91mmbls, so this revision does not limit our growth plans."
Enquêtes
Trinity Exploration & Production plc Jeremy Bridglalsingh, directeur général Julian Kennedy, directeur financier Nick Clayton, président non exécutif | Via Vigo Conseil |
SPARK Advisory Partners Limitée (Conseiller désigné et conseiller financier) Marc Brady James Keeshan | + 44 (0) 20 3368 3550 |
Marchés des capitaux Cavendish Limitée (Broker) Leif Powis Derrick lee Neil McDonald | + 44 (0) 20 7397 8900 + 44 (0) 131 220 6939 |
Vigo Consulting Limitée Finlay Thompson Patrick d'Ancône | trinité@vigoconsulting.com +44 (0)20 7390 0230 |
À propos de Trinity (www.trinityexploration.com)
Trinity is an independent oil 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 licences and, across all of the Group's assets, management's estimate of the Group's 2P reserves as at the end of 2023 was 12.91 mmstb. Group 2C contingent resources are estimated to be 38.68 mmstb. The Group's overall 2P plus 2C volumes are therefore 51.58 mmstb.
Trinity est cotée à l'AIM, un marché exploité et réglementé par la London Stock Exchange Plc, sous le symbole TRIN.
Déclaration de la personne qualifiée
The technical information contained in the announcement has been reviewed and approved by Mark Kingsley, Trinity's Chief Operating Officer. Mark Kingsley (BSc (Hons) Chemical Engineering, Birmingham University) has over 35 years of experience in international oil and gas exploration, development and production and is a Chartered Engineer.
Clause de non-responsabilité
Ce document contient certaines déclarations prospectives qui sont soumises aux facteurs de risque et aux incertitudes habituels associés aux activités d'exploration et de production pétrolières. Bien que le Groupe estime que les attentes reflétées dans le présent document sont raisonnables à la lumière des informations dont il dispose à l'heure actuelle, le résultat réel peut être sensiblement différent en raison de facteurs macroéconomiques indépendants de la volonté du Groupe ou sous le contrôle du Groupe.
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