Challenger Energy is a full-cycle E&P company with a portfolio of assets in multiple jurisdictions across the Caribbean and South America, targeting significant production growth and cash flow generation by increasing production from its existing fields in Trinidad and Tobago and developing its appraisal and development prospects in Trinidad and Tobago, and Suriname. Challenger Energy also provides access to high impact exploration in Uruguay, Trinidad and Tobago and The Bahamas.
An independent third-party Competent Person’s Report (CPR) from ERC Equipoise (ERCE) was commissioned to commence the process of establishing a consistent reserves and resources process across the Company’s expanding portfolio of assets and licences.
The scope of the report focused on existing producing assets in Trinidad and Tobago, and the Company’s Web Naar Zee licence in Suriname, so as to enable the Company to then develop its work programme for 2021 and make appropriate capital allocation decisions.
Summary results from the CPR can be viewed here.
1.13Share Price Performance