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Trinidad: Challenger Energy provides Saffron-2 drilling update

Trinidad: Challenger Energy provides Saffron-2 drilling update 14 Jun 2021 AIM-listed Challenger Energy, the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development and exploration assets across the region, has provided an update on progress at the Saffron-2 appraisal well, currently being drilled at the Saffron project in the South-West Peninsula of Trinidad. The well is targeting the Middle and Lower Cruse reservoirs with an expectation (based upon the Saffron-1 discovery well) of production rates in the range of 200 - 300 bopd. Highlights Drilling has advanced through the lower section of the Middle Cruse to a depth of 2,804ft; formations encountered in line with pre-drill expectations

Small Cap Wrap - Challenger Energy, Draper Espirit, Evgen Pharma and more

Small Cap Wrap - Challenger Energy, Draper Espirit, Evgen Pharma and more
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Challenger Energy drilling of Saffron-2 continues in line with expectations | 14 June 2021

Challenger Energy drilling of Saffron-2 continues in line with expectations | 14 June 2021
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Trinidad: Challenger Energy provides Saffron-2 drilling update

AIM-listed Challenger Energy has provided an update on progress at the Saffron-2 appraisal well, currently being drilled in the South-West Peninsula of Trinidad. The well is being drilled to achieve profitable immediate production and cashflow, and to enable the Company to define an appropriate development plan for the Saffron field.

Challenger Energy sets sights on second exploration well offshore Bahamas

Company also aims to increase production from mature fields in Trinidad and Suriname

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