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Eytan Uliel, CEO of Challenger Energy #CEG provides a Q1 production update, which showed sustainably higher production with a stronger oil price. Furthermore the gross production rate at the end of Q1 2022 has sustained consistently into April 2022. This current level of production is approximately 12% higher than the overall daily average for Q1 2022.
About Challenger Energy
Challenger Energy is a Caribbean and Atlantic margin focused oil and gas company, with a range of exploration, appraisal, development and production assets and licences, located onshore in Trinidad and Tobago, and Suriname, and offshore in the waters of The Bahamas and Uruguay. In Trinidad and Tobago, Challenger Energy has five (5) producing fields, two (2) appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. In Suriname, Challenger Energy has on onshore appraisal / development project. Challenger Energy's exploration licences in Uruguay, the South West Peninsula of Trinidad, and The Bahamas offer high-impact value exposure within the overall portfolio value.