CHALLENGER ENERGY GROUP PLC

Environmental & Social Information • Sep 6, 2021

National Storage Mechanism | Additional information

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 5th 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 Eytan Uliel, Chief Executive Officer	Tel: +44 (0) 1624 647 882
Strand Hanson Limited - Nomad Rory Murphy / James Spinney / Rob Patrick	Tel: +44 (0) 20 7409 3494
Shore Capital Stockbrokers Limited - Joint Broker Jerry Keen / Toby Gibbs	Tel: +44 (0) 207 408 4090
Investec Bank Plc - Joint Broker Chris Sim / Jarrett Silver	Tel: +44 (0) 207 597 5970
Gneiss Energy - Financial Adviser Jon Fitzpatrick / Paul Weidman / Doug Rycroft	Tel: +44 (0) 20 3983 9263
CAMARCO Billy Clegg / James Crothers / Hugo Liddy	Tel: +44 (0) 020 3757 4980

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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