RE: SP discussion19 Jun 2019 10:53
Just doing research on Prd and Trinidad following the chain of companies who are playing a part in all of this just to see if i can find anything out , Drawing a blank at the moment, but 4 companies have an involvement
https://heritage.co.tt Heritage Petroleum Company Limited is Trinidad & Tobago’s newest state-owned, emerging oil and gas company.
Fram Exploration ASA They are the people who are doing the work,
CERP,
and then PRD
Interesting to read this which also states that the injection of CO2 will be Q2
13 March 2019
COLUMBUS ENERGY RESOURCES PLC
("Columbus" or the "Company")
Update on Inniss-Trinity IPSC
Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, provides the following update about the Inniss-Trinity Incremental Production Service Contract ("Inniss-Trinity IPSC").
Background - Inniss Trinity IPSC
FRAM Exploration (Trinidad) Limited ("FRAM"), a fully owned subsidiary of the Company, is party to the Inniss-Trinity IPSC with Heritage Petroleum Company Limited (previously Petrotrin) ("Heritage").
The Company's interest in the Inniss-Trinity field benefits from an agreement with Predator Oil & Gas Limited ("Predator"), whereby Predator will fund and help plan a CO2 Enhanced Oil Recovery Pilot Project (the "CO2 pilot project"). FRAM remains the operator of the Inniss-Trinity IPSC, including work for the CO2 pilot project. As part of the agreement with Predator, in the event the CO2 pilot project is a success, Predator has the right to purchase FRAM for US$4.2m.
Update on Inniss-Trinity IPSC
The Company is pleased to announce that work is continuing with Predator and Heritage to advance the CO2 pilot project, with the first injections of CO2 expected in Q2 2019. This follows from Heritage's recent confirmation to Columbus that it has approved of the conduct of the CO2 pilot project, subject to all requisite regulatory consents.
Leo Koot, Executive Chairman of Columbus, commented:
"The Company looks forward to working with Heritage and Predator to advance the CO2 pilot project. We believe the CO2 pilot project on Inniss-Trinity will give all parties a valuable insight into an alternative enhanced oil recovery mechanism for Trinidad and has the potential to transform oil & gas operations in the Inniss-Trinity field and in similar fields in Trinidad."
Interested on any feed back from this.