Trinity Exploration & Production plc Reports Operating Results for the Year to 31 December 2016 and Operating Results for the First Quarter of 2017; Provides Operating Guidance for 2017
For the quarter of 2017 daily production averaged 2,500 bopd, a satisfactory performance given the reduced levels of investment in 2016.
Net average production for 2017 is expected to be in the range of 2,600 - 2,800 bopd. Trinity is continuing to target an eventual run-rate closer to 3,000 bopd over the next 12 months (predominantly contingent upon the results of the pending onshore infill drilling programme).