Asset Profile: South Erin

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)