IN BRIEF: Trinity Exploration welcomes Trinidad & Tobago budget

Trinity Exploration & Production PLC - oil exploration company focused on Trinidad & Tobago - ...

Alliance News 11 October, 2021 | 7:42PM
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Trinity Exploration & Production PLC - oil exploration company focused on Trinidad & Tobago - Notes government of Trinidad & Tobago's stated intention to stimulate higher levels of activity and investment in the energy sector as set out in the 2021 budget statement delivered last week. Budget statement highlights the need and intent to facilitate further reform of tax regime, proposal to issue new value added tax bonds and launch of three new bidding rounds designed to stimulate exploration and production activity, it adds.

"Encouragingly, the statement included a proposal to issue new VAT bonds in the new fiscal year, numerous statements highlighting the need for, and intent to, facilitate further reform of the taxation regime, and the launch of three new bidding rounds designed to stimulate exploration and production activity," the company says.

Current stock price: 145.00 pence

Year-to-date change: up 33%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Trinity Exploration & Production PLC 100.70 GBX 0.00 -

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