AIM-listed Trinity Exploration & Production, the independent E&P company focused on Trinidad and Tobago, has provided an update on operations for the three-month period ended 31 March 2024. The information contained herein has not been audited and may be subject to further review and amendment.Jeremy Bridglalsingh, Chief Executive Officer of Trinity, commented:\'Trinity\'s core business remains robust and cash-generative, with no long-term debt. We are focused on three immediate priorities:1) Maximising cash flow from our existing producing assets in a safe and efficient manner.2) Rebuilding cash following the drilling of the Jacobin well in 2023 with a strong focus on cost management; and3) Maturing detailed engineering for our two principal projects, particularly Phase 1 (Trintes 2P) of the Galeota Development and preparing plans for the exploration of the Buenos Ayres block, to a point that they can attract new investment capital or being monetised through sale or farm-down.I look forward to updating shareholders throughout the year as we execute our activities.\'Jacobin-1 OperationsBy mid-January production rates and flowing pressures from Jacobin had fallen to approximately 10bopd with the well struggling to flow naturally, so the decision was taken to convert the well to pump. The pump was run in late February and fluids were brought to surface on 1 March 2024. However, significant quantities of sand were also being produced and, by late March, the pump failed with a sand blockage.The forward plan for Jacobin, which has been submitted to Heritage Petroleum Company Limited and the Ministry of Energy and Energy Industries for approval, is to recomplete the Jacobin well up-hole in the Lower Forest horizon with production expected in the second half of May 2024.Galeota / Trintes DevelopmentWork on Phase 1 (Trintes 2P infill drilling) continued in Q1 and was focused on using the updated static and dynamic reservoir models to complete the primary target well bottom hole locations and well paths for infill wells, assuming drilling from the Trintes Delta platform. The updated static model for Trintes will be expanded to include the entire Galeota anticline structure during the remainder of 2024, including the TGAL area that the Mobile Production Unit concept would initially focus on.Buenos Ayres BlockOn Buenos Ayres, work on the Environmental Impact Assessment continues to progress with the Certificate of Environmental Clearance Application expected to be submitted in late Q2 / early Q3 2024, along with ongoing subsurface evaluation.Idle Well StudyTrinity has embarked on an idle well study, with the initial phase including technical reviews of approximately 250 wells, with field investigations having commenced on the first 30 of these wells which has added additional wells to the swabbing programme.ReservesFurther to the Company\'s announcement on 15 April 2024 the following tables provide a reconciliation, by operating area, of the revisions between Year-End 2022 and Year-End 2023. All data is Net Working Interest (\'Net WI\').Comparison of YE 2022 vs YE 2023 2P ReservesAsset2P ReservesYE 20222023 Production2P Revisions2P ReservesYE 2023mmstbmmstbmmstbmmstbOnshore6.53-0.55-1.724.26East Coast9.26-0.34-1.147.78West Coast2.17-0.13-1.180.86Total17.96-1.02-4.0312.91Comparison of YE 2022 vs YE 2023 2C ResourcesAsset2C ResourceYE 20222023 Production2C Revisions2C ResourceYE 2023mmstbmmstbmmstbmmstbOnshore8.62N/A-4.883.74East Coast36.81N/A-5.5031.31West Coast3.45N/A0.183.63Total48.88N/A-10.2038.68Q1 2024 Operational HighlightsAverage Annual and Quarterly Sales by RegionAsset12m 2023bopdQ1 2023bopdQ2 2023bopdQ3 2023bopdQ4 2023bopdQ1 2024bopdOnshore1,4951,5481,4771,4931,4621,383East Coast9431,038985843908912West Coast353314362370365373Total2,7902,8992,8242,7052,7362,669Q1 2024 Financial HighlightsThe Group reports its consolidated financial information half yearly, in its Annual Report & Accounts and Interim Results, in accordance with UK adopted International Accounting Standards and the London Stock Exchange\'s AIM Rules for Companies. Quarterly, the Group provides unaudited information for guidance.Original announcement linkSource: Trinity Exploration