Asset Profile: Bonasse, Icacos & Cedros

Summary Information

Asset	Bonasse, Icacos and Cedros
Location	Onshore, South-west Trinidad
Ownership	100%
Operator	BPC
Stage	Production
Asset Type	Licence
Recoverable Resource	~2.5 mmbbl (mostly Saffron on Bonasse licence)*
Current Production	40 to 50 bopd
Cumulative Production	~1.1 mmbbl
Fiscal Regime	Royalty
Tenure	Bonasse expiry May 2039 Cedros expiry December 2039 Icacos pending formal Licence grant

* Subject to BPC review during balance of 2020

Production from Bonasse and Icacos fields approximately 10 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

~10 active wells
Producing 25-30 API oil from Lower Forest & Cruise formations
Saffron #1 drilled to >4,600 ft and discovered 20 API oil in Middle Cruse and 40 API oil in Lower Cruse

29/11/2020

2.85

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28/09/2020

Interim Financial Statements to 30 June 2020

01/06/2020

2019 Annual Report & Accounts

27/09/2019

Interim Financial Statements to 30 June 2019

25/04/2019

2018 Annual Report & Accounts

27/09/2018

Interim Financial Statements to 30 June 2018

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