RE: CEG CO2 EOR23 Mar 2022 07:21
Would be nice to hear from our management as you said Razorman!
Eytan Uliel, Chief Executive Officer of Challenger Energy said:
"With our restructuring and recapitalisation process now complete, full attention is on growing the core business, through building production and generating cashflow. The higher oil price environment creates an even greater imperative to increase production and maximise every barrel of oil sold, and to that end we are immediately moving forward with some 'low-hanging fruit' operational items. The aim of this work is to stabilise and offset natural decline of baseline production, and then add 10% or more of new production, which can be readily monetised. Thereafter, we can begin to roll out our 2022 work programme, which will see drilling and EOR deployment across the fields, as we work towards achieving our overall sustainable production growth and cashflow targets. I look forward to keeping shareholders appraised of our progress."