Challenger Energy Group PLC STOW-TT Certification (7277K)
06 September 2021 - 4:00PM
UK Regulatory
TIDMCEG
RNS Number : 7277K
Challenger Energy Group PLC
06 September 2021
6 September 2021
Challenger Energy Group PLC
("Challenger Energy" or the "Company")
STOW-TT Certification
Challenger Energy (AIM: CEG), the Caribbean and Atlantic margin
focused oil and gas company, with production, appraisal,
development, and exploration assets across the region, advises that
it has been awarded STOW-TT certification in Trinidad and
Tobago.
STOW-TT stands for "Safe to Work in Trinidad & Tobago". STOW
certification provides a standardized HSE requirement and an
independent system for certifying operators and contractors with
respect to Health, Safety and Environmental requirements. Heritage
Petroleum Company Limited is a signatory of the STOW Charter and
requires all contractors/operators conducting work on their behalf
to become STOW certified.
Following an extensive program of work and preparation over the
last 12 months, the Company has been awarded a 2-year certification
effective 5(th) August 2021, the maximum time achievable under STOW
rules.
Eytan Uliel, Chief Executive Officer, commented:
"An essential part of the social licence to operate in Trinidad
and Tobago is to achieve STOW accreditation, which demonstrates an
operator's commitment to its people, vendors, contractors,
regulatory authorities, and the local communities in which it
operates . When we took over operating of our assets in Trinidad in
August 2020, we noted that the prior operators had never
successfully achieved STOW certification, and we determined to do
so as a matter of priority. We are thus enormously proud of this
achievement, which represents the culmination of more than 12
months of work by our in-country team, and provides strong
validation for our commitment to, and operating presence in,
Trinidad and Tobago."
For further information, please contact:
Challenger Energy Group PLC Tel: +44 (0) 1624 647
Eytan Uliel, Chief Executive Officer 882
Strand Hanson Limited - Nomad Tel: +44 (0) 20 7409
Rory Murphy / James Spinney / Rob Patrick 3494
Shore Capital Stockbrokers Limited Tel: +44 (0) 207 408
- J oint Broker 4090
Jerry Keen / Toby Gibbs
Investec Bank Plc - J oint Broker Tel: +4 4 (0) 207 597
Chris Sim / Jarrett Silver 5970
Gneiss Energy - Financial Adviser Tel: +44 (0) 20 3983
Jon Fitzpatrick / Paul Weidman / Doug 9263
Rycroft
CAMARCO Tel: +44 (0) 020 3757
Billy Clegg / James Crothers / Hugo 4980
Liddy
Notes to Editors
Challenger Energy is a Caribbean and Atlantic margin focused oil
and gas company, with a range of exploration, appraisal,
development and production assets and licences, located onshore in
Trinidad and Tobago, and Suriname, and offshore in the waters of
The Bahamas and Uruguay. In Trinidad and Tobago, Challenger Energy
has five (5) producing fields, two (2) appraisal / development
projects and a prospective exploration portfolio in the South West
Peninsula. In Suriname, Challenger Energy has on onshore appraisal
/ development project. Challenger Energy's exploration licence in
each of Uruguay and The Bahamas are highly prospective, and offer
high-impact value exposure within the overall portfolio value.
Challenger Energy is quoted on the AIM market of the London
Stock Exchange.
https://www.cegplc.com
Arena Investors is an institutional asset manager with $2.2
billion of committed assets under management as of January 1, 2021,
and a team of over 80 employees in offices globally. Arena provides
creative solutions for those seeking capital in special situations.
The firm brings individuals with decades of experience, a track
record of comfort with complexity, the ability to deliver within
time constraints, and the flexibility to engage in transactions
that cannot be addressed by banks and other conventional financial
institutions. Arena was founded in partnership with The Westaim
Corporation, which is quoted on the Toronto Stock Exchange.
https://www.arenaco.com
ENDS
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