COMPANY UPDATEBUILDING SUSTAINABLE PARTNERSHIPS

DISCLAIMER

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This presentation is not and is not intended to be a prospectus and does not or is not intended to constitute or form part of any offer for sale or solicitation of any offer to buy orsubscribe for any securities in Trinity Exploration & Production plc (the "Company") in any jurisdiction. It shall not form the basis of, or be relied on in connection with, or act asinvitation or inducement to enter into, any contract or commitment whatsoever. No offer of securities is being or will be made in circumstances which would require aprospectus or similar document to be approved.

While the information contained in this presentation, which does not purport to be comprehensive, is believed to be accurate, neither the Company nor any other person hasconducted any investigation into or verified such information. No representation or warranty, express or implied, is or will be given by the Company or its directors, officers,employees or advisers or any other person as to the accuracy, completeness or fairness of this presentation and, so far as permitted by law and except in the case of fraud, noresponsibility or liability whatsoever is accepted for the accuracy or sufficiency of any of the information contained in this presentation or for any errors, opinions, omissions ormisstatements, negligent or otherwise relating to this presentation. Each recipient must conduct its own independent investigation and analysis of the Company and of theinformation contained in this presentation and bear all the costs of doing so.

This presentation may include certain "forward looking" statements which are based on expectations, projections and forecasts relating to the future performance of theCompany. Such statements, projections and forecasts, which are intended as a guide only, represent the Company's own assessment and interpretation of information availableto it at the date of this presentation and reflect significant assumptions and subjective judgements by the Company. A number of factors could cause actual results to differmaterially from the potential results discussed in such forward looking statements, estimates and forecasts, including (but not limited to) changes in general economic andmarket conditions and all other risk factors (whether political, regulatory or otherwise) associated with offshore exploration, development and production. In all cases, recipientsshould conduct their own investigation and analysis of the information contained in this presentation. No representation or warranty is made or assurance given that thestatements, projections and forecasts contained in this presentation will be borne out in practice or that the Company will perform as projected and the Company does notassume responsibility for verifying any of such statements, projections or forecasts. Neither the Company nor any persons shall be liable for any direct, indirect or consequentialloss or damage suffered by any person as a result of relying on any statement in or omission from this presentation.

This presentation has been made available to recipients for information only. The Company gives no undertaking to provide the recipient with access to any additionalinformation or to update this presentation or any additional information or to correct any inaccuracies in it which may become apparent.

No person has approved (for the purposes of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”)) the contents of, or any part of, this presentation. Thispresentation is only directed at persons who have professional experience in matters relating to investments and who: a) in relation to persons resident in the UK, fall within theexemptions contained in Articles 19 or 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (including certain investmentprofessionals, high net worth companies, unincorporated associations or partnerships and the trustees of high value trusts); or b) in relation to U.S. Persons (as defined in Rule902 of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)), are an “accredited investor” within the meaning of Rule 501 of Regulation D underthe Securities Act; or c) in relation to persons resident in Trinidad or Tobago, are accredited investors as defined in and in accordance with the securities act 2012 of the laws ofTrinidad and Tobago and are permitted to receive them or d) are otherwise permitted by the laws of the jurisdiction in which they are resident to receive them; and e) in relationto persons in member states of the European Economic Area (“EEA”), are a “professional client” or an "eligible counterparty" within the meaning of Article 4 (1)(II) and 24(2), (3)and (4), respectively, of MiFID as MiFID is implemented into national law of the relevant EEA state.

Persons falling within one of the categories of persons described above must comply with the terms of this disclaimer and they will conduct their own analyses or otherverification of the data set out in this presentation and bear the responsibility for all or any costs incurred in doing so. Persons who do not fall within one of the categories ofpersons described above should not rely on this presentation nor take any action upon it

Neither this presentation nor any copy of it may be transmitted into the United States of America or its territories or possessions (the "United States"), or distributed, directly orindirectly, in the United States, or to any U.S. Person as defined in Regulation S under the Securities Act, including U.S. resident corporations, or other entities organized underthe laws of the United States or any state thereof or non-U.S. branches or agencies of such corporations or entities or into Canada, Australia, Japan the Republic of Ireland, or theRepublic of South Africa, except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of United States or othernational securities laws.

AGENDA

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• Trinity Key Facts

• Why is partnership important?

• Our partners

‐ People

‐ Community

‐ Suppliers

‐ Industry partners

‐ Government

‐ Financiers

• How partnerships work

‐ 1A/1B

TRINITY KEY FACTS

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Note: Reserves and resources figures as per Gaffney Cline, RPSEnergy and management estimates*Includes 1A/1B which is pending completion

Head OfficeSan Fernando,

Trinidad & Tobago

Number of Employees 300

2P Reserves 48 mmbbl

Contingent Resources 74 mmboe*

Q3 2014 Production 3,691 boepd

Ticker AIM: TRIN

BUSINESS MODEL & STRATEGY

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‘ACQUIRE & DEVELOP’ BUSINESS MODEL FOCUSED ON TRINIDAD & TOBAGO

Consistent business model - focusing on reserves and production growth since founding in 2005

Our strategy:

• Experienced team to identify and deliver on unique opportunities

• Focus on acquiring and developing proved but ‘stranded’ reserves

• Lower risk and faster project cycle times than wildcat frontier exploration

• Leading to improved ‘risked returns’

Implementation:

• Tight geographic focus: Trinidad & Tobago

• Operatorship and large working interests: control our destiny

• Core areas/production hubs: building competitive advantage

• Achieving critical mass and scale: portfolio diversification

OUR ASSETS

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WEST COAST ONSHORE EAST COAST

PGB(Brighton Marine Outer, Guapo Marine

and Pt. Ligoure)

Tabaquite(Pending divestment)

WD-5 /WD-6 Galeota

Brighton Marine Inner Guapo 1 WD-13

1A/1B (Pending completion) FZ-2 WD-14

WD-2 WD-16

“RESERVES/RESOURCES” DISTRIBUTION (M

MB

OE)

0

10

20

30

40

50

60

70

80

90

PRE 2013 2013 2014

RESERVES 2C RESOURCES

LAND E. COASTW. COAST 1A/1B

PORTFOLIO DIVERSIFICATION INTO GAS VIA GREENFIELD DEVELOPMENT

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WHY IS PARTNERSHIP IMPORTANT?

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TRINITY NEEDS TO ACT AND OPERATE DIFFERENTLY TO MAXIMISE ON RETURNS

• We are a small, independent, rapidly growing company with a demand for growth capital

• Significant Competition for Capital

• Markets demand consistent news flow, with little patience

OUR PARTNERS ARE KEY COMPONENT OF OUR SUCCESS STRATEGY

DEVELOPING OUR PEOPLE

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CONTINUED DEVELOPMENT = CONTINUED RESOURCE POOL ENRICHMENT

• Scholarships for staff and community residence to attend Kenson School of Production Technology.

• Staff rotation for land workers on offshore assets, leading to a diversified and well trained workforce.

• Supervisor training workers on the field through PMSL

• Subsurface team rotation in Edinburgh to allow access to leading geologists, reservoir engineers, geophysicist and petrophysicists

DEVELOPING THE COMMUNITY

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TIME, TALENT AND TREASURE – BIG BROTHERS BIG SISTERS

• Trinidad and Tobago’s first corporate mentorship programme in collaboration with the Heroes Foundation

• Activities designed to develop interpersonal skills, study habits, good behaviour, and tools to make the best of any situation.

DEVELOPING THE COMMUNITY

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TIME, TALENT AND TREASURE – THE VALUES PROJECT

• Holistic development of students, staff and parents of the Rancho Quemado Government Primary School.

• National Day of Caring 2014 start – Trinity staff, Families and Contractors collaborating to clean, repaint and beautify the School, with a focus on a Values wall and Values Plants.

• Phase II – Collaboration with EY Trinidad and Tobago and the Virtues Project, focused on embedding the concept of good values and virtues into the everyday behaviours of the students, staff, parents and community members.

• Staff training for classroom and school management, and community development.

DEVELOPING THE COMMUNITY

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HSSE IN FOCUS

• JUNE 2014 – Trinity, Tiger Tanks Unlimited and EOGResources intensive Oil Spill First Response Training programme in Mayaro/Galeota.

• OCTOBER 2013 – Trinity and Tiger Tanks conducted the initial Oil Spill First Responder Training Programme for staff and residents of La Brea.

• Participants were trained along international guidelines for effectively responding to spill activities.

GROWING WITH US

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AS WE GROW SO DO OUR SERVICE PROVIDERS

Petroleum Contracting Services Limited (PSCL) is a family run business who has grown as Trinity has grown

• Trinity outsourced trucking and swabbing services in 2007

• PSCL now owns four swabbing rigs, numerous oil transport and transport vehicles

• STOW certified, employing 30 people

• Trinity is in the process of finalising the approvals for divestiture of its WD-16 asset to this operator

• The surrounding community also developed from PSCL’sgrowth

GROWING FYZABAD COMPANIES = MORE BUSINESS FROM VILLAGE SHOP AND COMMUNITY SUPPLY STORES.

WORKING WITH SUPPLIERS

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VALUE BASED COLLABORATION FOR NEW IDEAS AND SOLUTIONS

THE TECHNICAL STRATEGY

• Implementation of Low Rate Electrical Submersible Pumps (ESP)

– Improved gas handling capabilities up to 45% of liquid

– Expected runtime is 3 times that of HDESP (730 days vs 193 days)

– Reduction in workover frequency

– Availability of downhole information

• Lift watcher Schlumberger Remote Surveillance System

– Improves production optimization

– Improve run-life, reservoir analysis and management

– Introduces a predictive Production Management approach

WORKING WITH SUPPLIERS

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VALUE BASED COLLABORATION FOR NEW IDEAS AND SOLUTIONS

THE FINANCIAL STRATEGY (RENTAL VS DIRECT PURCHASE)

Rental reduces Trinity upfront investment and provides more financial

flexibility to allow diverse investments.

Under rental agreement workover pay-out is approximately 50% less than the

direct purchase option.

Trinity initial financial risk is reduced and placed on Schlumberger

Pushes the supplier to provide the best product and service as it is now

directly linked to their profit.

INDUSTRY PARTNERS

ROWAN GORILLA III RIG SHARE GROUP Initiated by a Trinity, Sinopec, Nikko consortium

Expanded to include EOG, Centrica and Repsol

Allows for cost savings to be shared amongst consortium members whilst allowing a jack up rig to remain in country for drilling on the east coast of Trinidad

CARGO BOATS Trinity is sharing rental of boats with one of the majors in Trinidad

Effectively shares costs between both parties, lowering running costs

OTHER OPPORTUNITIES Significant additional opportunities exist to share infrastructure

(pipelines, warehousing, quayside), transport systems (people as well as cargo) which is essential for fields that are in decline and operating costs needed to be managed

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GOVERNMENT

THE GOVERNMENT HAS BEEN SUPPORTIVE IN TERMS OF TAXATION INCENTIVES WITH NUMEROUS INCENTIVES DESIGNED TO ENCOURAGE EXPLORATION AND INVESTMENT IN NEW OIL

Additional taxation reform still needed with respect to small reserve pools

Incentives for green field development – SPT relief is critical to make projects economical

Enhanced commercial terms on PSC’s which allow existing operators to go after ‘stranded reserves’

SPT relief on existing producing fields to keep fields from being shut in and extending economic life

VAT reform

PTA revamp

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FINANCIAL PARTNERS

In the last four years Trinity has raised:

• USD 63 million in debt financing,

• USD 104 million in equity (including a complex Reverse Takeover which was nominated for AIM deal of the year)

Re-Negotiated 9 commercial license agreements and one new acreage license

Conducted 4 acquisition and divestitures totalling c. USD 113 MM

Support provided by an in-house team staff (investment banking backgrounds) as well as key bankers, lawyers and international investment bankers locally and internationally

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1A/1B FIELD SUMMARIES

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Trinity W.I. 80% operated

Partners PETROTRIN

2C Resources: Gross 268 Bcf (45 MMboe)

2C Resources: Net 215 Bcf (36 MMboe)

• Preliminary estimated gross cost of c. US$195m to first gas (exc. Infrastructure sale)

• Targeting project sanction in 12 months and first gas in 2017/18

• Base case of 80 mmcf/d plateau rate (c. 10,700 boepd net to Trinity) and 2% of current production levels countrywide (4,088 mmcf/d)

• Diversifying the portfolio into gas production

KEY GROWTH ASSET WITH ROBUST ECONOMICS

PARTNERSHIP FOR THE FUTURE

BLOCKS 1A/1B IS CLASSIC ‘STRANDED RESERVES’ DEVELOPMENT PROJECT

To make the economic returns work for these small reserve pools we have to think, act, and operate differently:

Rig sharing group

Financing

‐ Farm-downs - potential new country entrant

‐ Reserve Based Lending - internationally recognised

- development financing for this

- project type

‐ Infrastructure development fund to reduce capital requirements

Outsourced project management with project management firm sharing in upside

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GALEOTA FIELD: TGAL DISCOVERY

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• Five targets intersected, all containing good quality oil bearing reservoir sands

• OIIP numbers currently being reviewed

• FDP process underway, targeting FDP submission in Q1 2015

• Joint development with Trintes being reviewed.

LARGE OIIP VOLUMES OFFERS POTENTIAL FOR RESERVES GROWTH

TGAL

Trinity W.I. 65%, operated

Partners PETROTRIN

2C OIIP: Gross 65 - 115 MMbbls

2C OIIP: Net 42 – 75 MMbbls

VISIBILITY ON STEP CHANGE IN PRODUCTION

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• Current portfolio almost 100% oil production from existing reserves base

• 1a/1b 2C resources -> 2P reserves on FDP submission and diversifies portfolio into gas

• Applying conservative oil (illustrative) production potential from the TGAL development and forecasted gas rates from 1a/1b development offers step-change in production potential

Current & Expected Portfolio Metrics

Current Reserves 48 MMboe

1a/1b Resources 36 MMboe

Q3 Production 3,619 boepd

1a/1b forecast plateau production

10,700 boepd

PENDING DEVELOPMENT OFFERS LINE OF SIGHT ON SIGNIFICANT UPLIFT

0

2000

4000

6000

8000

10000

12000

14000

16000

18000

20000

Onshore West Coast East Coast(Trintes)

East Coast(TGAL)

1a/1b Grouppotential

bo

ep

d

?

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THE ULTIMATE ‘WIN-WIN’ STRATEGY

Creating sustainable relationships is a key component of our strategy as we strive to maximise returns.

A RISING TIDE LIFTS ALL

www.trinityexploration.com