Asset Profile: South Erin

Summary Information

Asset South Erin
Location Onshore, South-west Trinidad
Ownership 100%
Operator BPC
Stage Production
Asset Type Farm-out from Heritage
Recoverable Resource To be assessed*
Current Production 60 to 70 bopd
Cumulative Production ~0.3 mmbbl
Fiscal Regime Royalty
Tenure Expiry December 2021

 

* Subject to BPC review during balance of 2020

Asset Description

  • Discovered in 2006 by Jasmin Oil & Gas, acquired in mid-2018 as part of the Steeldrum acquisition
  • Only 10% of the area has been explored and 3D Seismic data available for targeted incremental exploration and infill drilling

 

Technical Highlights

  • 8 active wells
  • Producing 22-26 API oil from Lower Forest sands, the most prolific oil-producing sands in Trinidad Southern basin

Near-term Milestones

  • Evaluate merit of extension of term
  • Infill well drilling for incremental production (2021 / 2022)

Share Price

29/11/2020

2.85

Share Price Performance

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