Challenger Energy portfolio of assets is located in multiple jurisdictions across the Caribbean and South America, including producing onshore oilfields in Trinidad and Tobago.
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.
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