Trinity Exploration & Production (GB:TRIN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into GB:TRIN stock, check out TipRanks’ Stock Analysis page.