Asset Profile: Inniss-Trinity

Summary Information

Asset Inniss-Trinity
Location Onshore, South Trinidad
Ownership 100%
Operator Challenger Energy
Stage Production
Asset Type Incremental / Enhanced Production Sharing Contract
Recoverable Resource* ~5.2 mmbbl
Current Production 140 to 160 bopd
Cumulative Production ~23 mmbbl
Fiscal Regime Royalty
Tenure Expiry December 2021; pending 10-year renewal

 

* 2P + 2C Recoverable

Asset Description

  • Acquired by Columbus in mid-2018 as part of the Steeldrum acquisition
  • Legacy field having produced over 23MMbbl since development
  • Incremental Production Sharing Contract (IPSC) since 2014 having peaked at 220 bopd

 

Technical Highlights

  • ~15 active wells
  • Producing 28-38 API oil
  • Pilot CO2 programme with Predator ongoing

Near-term Milestones

  • Implement CO2 EOR programme
  • Increase production by >150 bopd
  • Extension of term

Share Price

16/10/2021

1.13

Share Price Performance

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