Alliance News reported that Trinity Exploration & Production secured another extension to its moratorium on repayments due under its $13 million facility with Citibank.

The new extension takes the moratorium to March 4, from February 26 previously, and is the 22nd extension to which Trinity has agreed, according to Alliance.

Alliance reported that the company is continuing talks with the lender to secure a further extension of its credit facilities, and added that it expects continued support, particularly following the announcement of the sale of substantially all of its onshore assets for $20.8 million.