Trinity Exploration & Production plc Reports Production Results for the Fourth Quarter of 2013; Provides Capital Expenditure Guidance for the Year 2014
Trinity's total capital budget for 2014 is forecast to be $21 million, of which c. $6 million is related to infrastructure and non-production spending (e.g. subsurface capex), $7 million is for exploration costs relating to the El Dorado well (incurred in January 2014) and the remainder is for production drilling. 2014 net average production rate expected to be 3,800 - 4,500 boepd.