Trinity Exploration & Production (GB:TRIN) has released an update.
At the 2024 Annual General Meeting, Trinity Exploration & Production saw shareholders approve most resolutions, but notably reject those granting directors power to allot shares without pre-emptive rights, echoing last year’s sentiment. Trinity, a company focused on Trinidad and Tobago’s energy sector, is also undergoing a strategic shift, as evidenced by the board’s recommendation of an all-share offer from Touchstone Exploration Inc. This move follows the company’s recent performance, with management reporting 2P reserves of 17.96 million barrels and 2C resources of 48.88 million barrels as of the end of 2022.
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