Asset Profile: Bonasse, Icacos & Cedros

Summary Information

Asset Bonasse, Icacos and Cedros
Location Onshore, South-west Trinidad
Ownership 100%
Operator Challenger Energy
Stage Production
Asset Type Licence
Cumulative Production ~1.1 mmbbl
Fiscal Regime Royalty
Tenure Bonasse expiry May 2039
Cedros expiry December 2039
Icacos pending formal Licence grant

 

* Subject to Challenger Energy review during balance of 2021

Asset Description

  • Production from Bonasse and Icacos fields approximately 10-20 bopd each
  • Bonasse production was suspended in mid-2016 and subsequently reactivated in 2017 with additional works in 2018
  • Collectively, Bonasse, Cedros and Icacos provide continuous acreage with substantial 3D seismic coverage

Technical Highlights

  • ~10 active wells
  • Producing 25-30 API oil from Lower Forest & Cruse formations

Near-term Activities

  • Production optimisation and potential recompletions

 

Share Price

02/12/2022

0.08

Share Price Performance

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