challenger energy group plc shares rose wednesday after the company said that it expects to enter the second quarter of 2022 substantially liability and debtfree at corporate level with cash reserves to support its operations and investments shares at 0831 gmt were up 001 pence or 13 at 011 pence the londonlisted oilandgas company said its business unit in trinidad and tobago was profitable at its current production levels of 350 to 400 barrels of oil a day given the strong oilprice environment the company said it aims to exit 2022 with a stable production runrate of around 600 barrels of oil a day and that this is expected to provide a springboard toward its target of a stable production base of more than 1000 barrels of oil a day by the end of 2024 with our restructuring and recapitalization process now complete full attention is on growing the core business through building production and generating cashflow chief executive eytan uliel said