Deals



Bayfield Energy Holdings plc Proposed merger with Trinity Exploration & Production Limited


Posted: 15th October 2012 08:51

Bayfield Energy Holdings plc ("Bayfield" or the "Company") (Ticker Symbol: BEH), an upstream oil and gas exploration and production company with interests in Trinidad & Tobago and South Africa, today announces proposals for a merger with Trinity Exploration & Production Limited ("Trinity").
 
Summary

Commenting on the Merger, Bruce Dingwall CBE, the Executive Chairman of Trinity, said:
"New Trinity will be the leading Trinidad-focused independent E&P company offering investors an attractive balance of existing production, near-term production growth from low risk development opportunities and exciting exploration prospects."
 
Finian O'Sullivan, Chairman of Bayfield, said:
"The proposed merger offers shareholders the benefits of diversification and scale from an enlarged producing asset base while retaining significant exposure to material near-term potential."

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