Trinity Exploration & Production plc announced that the Company has commenced drilling of the deep "Jacobin" prospect. Jacobin is a significant well and potential growth catalyst for Trinity. Jacobin is targeting virgin-pressured reservoirs with higher initial production rates than conventional wells and offers Trinity the potential for reduced payback cycle times and a meaningful production increase.

The focus on this new Miocene play, with Jacobin being the first well, demonstrates real intent to rapidly exploit competitive edge onshore Trinidad where can immediately progress from the drilling phase to production. More importantly, company plan to acquire geological data from the well which will enable company to calibrate the prospectivity across the area following 2020 purchase and subsequent interpretation and mapping of the Palo Seco NWD 3D seismic dataset. A successful well would unlock both a development of the Jacobin prospect itself and follow-on drill-ready prospects and mapped leads across core onshore acreage including Emerald and Woodstar.

Located in Trinity's Palo Seco Lease Operatorship area, the Jacobin well has been designed to test an extensive and lightly-drilled Miocene age deeper turbidite play mapped across the prolific southern onshore basin and will provide the Company with critical new data on this extensive play and the wider Palo Seco acreage. Trinity has a 100% interest in the Palo Seco area sub-licences, where nine deeper prospects have already been mapped. The well is targeting a structural prospect defined on 3D seismic, with target reservoirs in the Lower Cruse formation.

Reaching a Total Depth of 9,800 feet, Jacobin will be the deepest onshore oil well drilled in the Palo Seco area in over a decade. The target volume of resources to be exploited is significant and highly material for Trinity, with a mean oil in - place volume of 5.7 million barrels and an upside (P10) case of over 10 million barrels in-place.