StockMarketWire.com - Trinidad & Tobago focused oil company Trinity Exploration said it was on track to this year be capable of breaking even at an oil price of $20.50 a barrel.

The breakeven price included hedging income and compared to a year-to-date average oil price realisation of $36.40 per barrel, and current WTI oil price of $37.96.

'This is expected to further strengthen our already strong liquidity position and enhance your company's ability to take advantage of growth opportunities that may arise as a consequence of the current low oil price environment,' chairman Bruce Dingwall said in AGM speech notes.

At 9:16am: [LON:TRIN] Trinity Exploration Production share price was +0.5p at 8.4p



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