T&T3 Sep 2025 07:24
It should be interesting to see how this unfolds in the months ahead and hopefully with a few production surprises just around the corner,....GL S
The starting positions from CEG's interims posted today,..
Trinidad and Tobago
"In February 2025, we entered into an agreement for the sale of all of our business, assets and operations in Trinidad and Tobago. During the first half of 2025 we continued to operate the business, pending receipt of necessary regulatory approvals for completion of the sale. Production was constant, costs were contained, and HSE&S performance continued to be exemplary. Subsequent to period end, required regulatory approvals were obtained and the sale transaction completed on 29 August 2025. The transaction represented a complete exit from Trinidad and Tobago, under which the purchaser acquired the entirety of the Trinidad and Tobago business, inclusive of all associated income, assets, liabilities, exposures and administrative cost. Consequently, we have no further operations in, or exposure to, Trinidad and Tobago."
Malcy's view, fwiw,..
"This does seem to be a rare deal in which both sides can claim victory of sorts. For Predator it beefs up the Trinidad portfolio and if it can get production up enough it will tip a meaningful bonus. Meanwhile Morocco has had a modest operational hiatus but a return there is imminent."