HOUSTON, Nov. 15, 2002 (PRIMEZONE) -- Trinity Energy Resources, Inc. (OTCBB:TRGC), today reported that it filed its Third Quarter 2002 Interim Financial Report on form 10Q. The report is available free for viewing at www.sec.gov, and also available free of charge at www.freeedgar.com.
Following an announcement last month pertaining to an interest the company holds in the African Republic of Chad, Trinity also said it yesterday filed suit in District Court in Harris County, Texas against Cliveden Petroleum Co., Ltd, and EnCana Corporation, alleging breach of contract, breach of fiduciary duty, and conspiracy to withhold information with regard to activities and transactions associated with the concession in which Trinity has certain rights. Trinity is seeking recovery of $1.5 million in project cost recovery, as well as unspecified damages and punitive damages.
About Trinity Energy Resources, Inc.
Trinity Energy Resources is actively engaged in the exploration, production and acquisition of crude oil and natural gas properties within and outside the continental United States. Most of the company's current assets are concentrated in various domestic hydrocarbon provinces located in the Permian Basin of Texas, the Louisiana and Texas Gulf Coast, The Denver Basin of Colorado and the Powder River Basin in Wyoming. The company is committed to developing energy resources and expanding its strategic reserve base in ways that are economically and environmentally viable. Trinity became a public company on November 27, 2000. For further information, please visit the company's Web site at www.trinityenergy.com.
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, oil and gas exploration risks, price volatility, production levels, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur.