Challenger Energy Group PLC STOW-TT Certification (7277K)

TIDMCEG

RNS Number : 7277K

Challenger Energy Group PLC

06 September 2021

6 September 2021

Challenger Energy Group PLC

("Challenger Energy" or the "Company")

STOW-TT Certification

Challenger Energy (AIM: CEG), the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development, and exploration assets across the region, advises that it has been awarded STOW-TT certification in Trinidad and Tobago.

STOW-TT stands for "Safe to Work in Trinidad & Tobago". STOW certification provides a standardized HSE requirement and an independent system for certifying operators and contractors with respect to Health, Safety and Environmental requirements. Heritage Petroleum Company Limited is a signatory of the STOW Charter and requires all contractors/operators conducting work on their behalf to become STOW certified.

Following an extensive program of work and preparation over the last 12 months, the Company has been awarded a 2-year certification effective 5(th) August 2021, the maximum time achievable under STOW rules.

Eytan Uliel, Chief Executive Officer, commented:

"An essential part of the social licence to operate in Trinidad and Tobago is to achieve STOW accreditation, which demonstrates an operator's commitment to its people, vendors, contractors, regulatory authorities, and the local communities in which it operates . When we took over operating of our assets in Trinidad in August 2020, we noted that the prior operators had never successfully achieved STOW certification, and we determined to do so as a matter of priority. We are thus enormously proud of this achievement, which represents the culmination of more than 12 months of work by our in-country team, and provides strong validation for our commitment to, and operating presence in, Trinidad and Tobago."

For further information, please contact:

 
 Challenger Energy Group PLC                  Tel: [phone] 
  Eytan Uliel, Chief Executive Officer         882 
 Strand Hanson Limited - Nomad                Tel: [phone] 
  Rory Murphy / James Spinney / Rob Patrick    3494 
 Shore Capital Stockbrokers Limited           Tel: [phone] 
  - J oint Broker                              4090 
  Jerry Keen / Toby Gibbs 
 Investec Bank Plc - J oint Broker            Tel: [phone] 
  Chris Sim / Jarrett Silver                   5970 
 Gneiss Energy - Financial Adviser            Tel: [phone] 
  Jon Fitzpatrick / Paul Weidman / Doug        9263 
  Rycroft 
 CAMARCO                                      Tel: [phone] 
  Billy Clegg / James Crothers / Hugo          4980 
  Liddy 
 

Notes to Editors

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 licence in each of Uruguay and The Bahamas are highly prospective, and offer high-impact value exposure within the overall portfolio value.

Challenger Energy is quoted on the AIM market of the London Stock Exchange.

https://www.cegplc.com

Arena Investors is an institutional asset manager with $2.2 billion of committed assets under management as of January 1, 2021, and a team of over 80 employees in offices globally. Arena provides creative solutions for those seeking capital in special situations. The firm brings individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions that cannot be addressed by banks and other conventional financial institutions. Arena was founded in partnership with The Westaim Corporation, which is quoted on the Toronto Stock Exchange.

https://www.arenaco.com

ENDS

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September 06, 2021 02:00 ET (06:00 GMT)