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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Challenger Energy Group Plc | CEG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.001 | -0.62% | 0.16 | 11:00:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.1625 | 0.16 | 0.1625 | 0.161 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 26/4/2024 04:22 by arrynillson 12bn24 Apr '24 - 08:56 - 21218 of 212320 0 0 So everything depends on the Chevron deal completing in SEVERAL months time. This may not complete at all if Chevron decide the 3D seismics don't warrant a completion. This means your shares could end up with very little value at all and several months time things could change a lot. RISKY. arrynillson24 Apr '24 - 10:26 - 21219 of 21232 Edit 0 0 0 Disgraced Compulsive Liar 12bn - there you go again with your lying - why make up this shyte ! The Chevron deal is subject to approval from Uruguay Government, that much is true but why make up that it’s also dependent on seismic ? Always the same 12bn - when you’re on the ropes you become more and more desperate - people on here know that - it’s why you’ve got a FILTER LIST LONGER THAN SCHINDLER! I’m posting up below relevant paragraphs from the RNS dealing with the Chevron deal. The cost of 3D seismic is clearly not cheap, up to $15 million mentioned in the RNS. Try and follow the logic here 12bn, BEFORE Charlestown financing announcement you were telling us daily, sometimes multiple times daily, that CEG were rapidly running out of money. How did you think that CEG would complete 3D seismic, before completion of the Chevron deal LOL!!!!!! · Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business. · Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay. |
Posted at 24/4/2024 10:26 by arrynillson Disgraced Compulsive Liar 12bn - there you go again with your lying - why make up this shyte !The Chevron deal is subject to approval from Uruguay Government, that much is true but why make up that it’s also dependent on seismic ? Always the same 12bn - when you’re on the ropes you become more and more desperate - people on here know that - it’s why you’ve got a FILTER LIST LONGER THAN SCHINDLER! I’m posting up below relevant paragraphs from the RNS dealing with the Chevron deal. The cost of 3D seismic is clearly not cheap, up to $15 million mentioned in the RNS. Try and follow the logic here 12bn, BEFORE Charlestown financing announcement you were telling us daily, sometimes multiple times daily, that CEG were rapidly running out of money. How did you think that CEG would complete 3D seismic, before completion of the Chevron deal LOL!!!!!! · Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business. · Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay. |
Posted at 22/4/2024 18:48 by arrynillson Bahamarama - I’ve declared on many occasions that I don’t disclose my trading on here.If you choose to believe Disgraced Compulsive Liar 12bn - that’s your prerogative - I can evidence with facts every time I expose his lying and misleading! You only have to look at the post below for the latest lie! arrynillson22 Apr '24 - 11:02 - 21190 of 21199 Edit 0 0 0 Disgraced Compulsive Liar 12bn - there you go again with your lying - why make up this shyte ! The Chevron deal is subject to approval from Uruguay Government, that much is true but why make up that it’s also dependent on seismic ? Always the same 12bn - when you’re on the ropes you become more and more desperate - people on here know that - it’s why you’ve got a FILTER LIST LONGER THAN SCHINDLER! I’m posting up below relevant paragraphs from the RNS dealing with the Chevron deal. The cost of 3D seismic is clearly not cheap, up to $15 million mentioned in the RNS. Try and follow the logic here 12bn, BEFORE yesterday’s financing announcement you were telling us daily, sometimes multiple times daily, that CEG were rapidly running out of money. How did you think that CEG would complete 3D seismic, before completion of the Chevron deal LOL!!!!!! · Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business. · Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay. As you don’t appear on Disgraced Liar’s recently published filter list why don’t you ask him why he feels the need to lie and mislead for his hate agenda, thereby discrediting himself? |
Posted at 20/4/2024 10:19 by arrynillson Disgraced Compulsive Liar 12bn - there you go again with your lying - why make up this shyte !The Chevron deal is subject to approval from Uruguay Government, that much is true but why make up that it’s also dependent on seismic ? Always the same 12bn - when you’re on the ropes you become more and more desperate - people on here know that - it’s why you’ve got a FILTER LIST LONGER THAN SCHINDLER! I’m posting up below relevant paragraphs from the RNS dealing with the Chevron deal. The cost of 3D seismic is clearly not cheap, up to $15 million mentioned in the RNS. Try and follow the logic here 12bn, BEFORE yesterday’s financing announcement you were telling us daily, sometimes multiple times daily, that CEG were rapidly running out of money. How did you think that CEG would complete 3D seismic, before completion of the Chevron deal LOL!!!!!! · Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business. · Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay. |
Posted at 19/4/2024 08:18 by arrynillson Disgraced Compulsive Liar 12bn - there you go again with your lying - why make up this shyte !The Chevron deal is subject to approval from Uruguay Government, that much is true but why make up that it’s also dependent on seismic ? Always the same 12bn - when you’re on the ropes you become more and more desperate - people on here know that - it’s why you’ve got a FILTER LIST LONGER THAN SCHINDLER! I’m posting up below relevant paragraphs from the RNS dealing with the Chevron deal. The cost of 3D seismic is clearly not cheap, up to $15 million mentioned in the RNS. Try and follow the logic here 12bn, before yesterday’s financing announcement you were telling us daily, sometimes multiple times daily, that CEG were rapidly running out of money. How did you think that CEG would complete 3D seismic, before completion of the Chevron deal LOL!!!!!! · Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business. · Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay. |
Posted at 09/4/2024 14:15 by 12bn Challenger Energy (AIM: CEG), the Caribbean and Americas focused energy company, with production, development, appraisal, and exploration assets in the region, is pleased to announce that it and its wholly-owned Uruguayan subsidiary, CEG Uruguay SA ("CEG Uruguay") have entered into a farm-out agreement with Chevron Uruguay Exploration Limited ("Chevron"), a wholly-owned subsidiary of Chevron Corporation (NYSE: CVX), related to a 60% interest in the AREA OFF-1 block, offshore Uruguay (the "Transaction").The primary terms of the Transaction are: · Chevron will acquire a 60% participating interest in the AREA OFF-1 block, and will assume operatorship of the block. · CEG Uruguay will retain a 40% non-operating interest in the block. · Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business. · Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay. · Completion and financial close of the Transaction will be subject to the satisfaction of conditions precedent and customary third-party approvals from the Uruguayan regulatory authorities, which are anticipated to take several months to finalise - the parties have commenced engagement with the regulators. |
Posted at 02/4/2024 11:12 by arrynillson 12bn6 Mar '24 - 07:25 - 20536 of 209600 0 0 · Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay.////// Well I didn't expect CEG to get a JV for the 3D seismics but CEG will still have to stump up funds IF drilling commences and CEGs share of the costs is over $20m but even so this is unexpected good news. Will I buy in? Nah,buy the rumour sell the news. :) ' Unexpected good news ’ - when Chevron pay the $12.5 million will 12bn stop posting? Naaaaaaaaaaaaaah ! |
Posted at 08/3/2024 09:54 by 12bn Basically imo CEG are already skint. Any money from the Chevron deal will not arrive until after the deal is finalised and that is many many months away and the $12.5m is ear-marked for work in Uruguay but CEG needs cash to cover its running costs./////////The primary terms of the Transaction are:· Chevron will acquire a 60% participating interest in the AREA OFF-1 block, and will assume operatorship of the block. · CEG Uruguay will retain a 40% non-operating interest in the block. · Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business. · Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay. · Completion and financial close of the Transaction will be subject to the satisfaction of conditions precedent and customary third-party approvals from the Uruguayan regulatory authorities, which are anticipated to take several months to finalise - the parties have commenced engagement with the regulators. |
Posted at 06/3/2024 10:30 by 12bn 12bn - 06 Mar 2024 - 07:25:43 - 20536 of 20581 challenger energy group - CEG· Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay.////// Well I didn't expect CEG to get a JV for the 3D seismics but CEG will still have to stump up funds IF drilling commences and CEGs share of the costs is over $20m but even so this is unexpected good news. Will I buy in? Nah,buy the rumour sell the news. :) Note 'should Chevron decide to drill' comment in the RNS. |
Posted at 06/3/2024 07:17 by 12bn 6 March 2024Challenger Energy Group PLC ("Challenger Energy", "CEG" or the "Company") FARM-OUT OF 60% OF AREA OFF-1 BLOCK IN URUGUAY TO CHEVRON Challenger Energy (AIM: CEG), the Caribbean and Americas focused energy company, with production, development, appraisal, and exploration assets in the region, is pleased to announce that it and its wholly-owned Uruguayan subsidiary, CEG Uruguay SA ("CEG Uruguay") have entered into a farm-out agreement with Chevron Uruguay Exploration Limited ("Chevron"), a wholly-owned subsidiary of Chevron Corporation (NYSE: CVX), related to a 60% interest in the AREA OFF-1 block, offshore Uruguay (the "Transaction"). The primary terms of the Transaction are: · Chevron will acquire a 60% participating interest in the AREA OFF-1 block, and will assume operatorship of the block. · CEG Uruguay will retain a 40% non-operating interest in the block. · Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business. · Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay. · Completion and financial close of the Transaction will be subject to the satisfaction of conditions precedent and customary third-party approvals from the Uruguayan regulatory authorities, which are anticipated to take several months to finalise - the parties have commenced engagement with the regulators. Eytan Uliel, Chief Executive Officer of Challenger said: "We are absolutely delighted to announce the farm-out of our AREA OFF-1 block in Uruguay to Chevron, a globally recognised industry leader. We firmly believe that AREA OFF-1 holds enormous potential, and this farm-out is strong validation of the high-quality technical work CEG has done to-date. Our stated strategy for AREA OFF-1 was to introduce a larger industry player as operating partner, with a view to rapidly progressing the block via an accelerated 3D seismic campaign followed by, we hope, exploration well drilling. The farm-out achieves this aim, and we look forward to continuing on our exciting journey in Uruguay, both on AREA OFF-1, now in partnership with Chevron, and also on our still wholly owned AREA OFF-3 block. We are grateful to ANCAP for the confidence shown in CEG when awarding these blocks, and we thank our stakeholders for their continuing support." Gneiss Energy Limited acted as financial advisor to CEG on the Transaction. ABOUT CHEVRON CORPORATION Chevron is one of the world's leading integrated energy companies and believes that affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and the industry. Chevron aims to grow its oil and gas business, lower the carbon intensity of its operations and grow lower carbon businesses in renewable fuels, carbon capture and offsets, hydrogen and other emerging technologies. More information about Chevron is available at www.chevron.com. ABOUT AREA OFF-1 The AREA OFF-1 block is a large offshore block covering approximately 14,557 km2, located approximately 100 kms offshore Uruguay in water depths ranging from 80 meters to 1,000 meters. The Company was awarded the AREA OFF-1 licence in June 2020 under the Open Uruguay Round process. Formal signing of the licence took place on 25th May 2022, and the licence's initial four-year exploration term commenced on 25th August 2022. Recent conjugate margin discoveries offshore Southwest Africa have triggered renewed interest in the types of plays present in Uruguay. In particular, the data and enhanced technical understanding provided from recent discoveries offshore Namibia (Venus - TotalEnergies, Graff and Jonker - both Shell) provides greater confidence that the regional petroleum system charging those discoveries is likely to be present offshore Uruguay. As a result, new exploration plays, in addition to the Lower Cretaceous deepwater turbidites discovered by Venus and others, are believed to be present and charged by the same petroleum system and source rock. Consequently, since the award of AREA OFF-1 to the Company, there has been considerable licencing activity in Uruguay, with all other available offshore exploration blocks now licenced to Shell, APA Corporation and YPF, with significant work program commitments including 3D seismic acquisition and new well drilling. To the south, AREA OFF-1 is adjacent to AREA OFF-4, a block jointly held by APA Corporation and Shell (APA is the operator), and where two key prospects of interest straddle both blocks. To the east, AREA OFF-1 is adjacent to AREA OFF-2, which is licenced to Shell, and to the west AREA OFF-1 is adjacent to the Argentinian maritime boundary. The Company's minimum work commitment in the initial four-year exploration period of AREA OFF-1 required licencing 2,000 kms of legacy 2D seismic data from ANCAP (the Uruguayan national oil company and energy regulatory body), reprocessing of that 2D seismic data, and completion of a geological and resource potential study. There is no requirement to acquire 3D seismic or drill a well during the initial four-year exploration period. As at 31 December 2023, the minimum work commitment for AREA OFF-1's initial four-year exploration period had been fulfilled by the Company. In addition, the Company also completed additional work on a discretionary basis, designed to further enhance the technical understanding of the block. This additional work included Amplitude Variation with Offset (AVO) attribute analysis of select 2023 reprocessed 2D seismic lines, seabed geochemistry analysis, and acquiring a satellite seeps and slicks imaging study. The body of technical work undertaken by the Company led, through the course of 2023, to the identification and delineation of three primary prospects on AREA OFF-1, with total estimated recoverable resource (EUR) of ~ 2.0 billion barrels of oil equivalent (BBOE) across three prospects (Pmean, unrisked), and approximately 5.0 billion BBOE in an upside case (P10, unrisked). A table summarising the estimated recoverable resource is set out below: AREA OFF-1 EUR (mmboe), unrisked Prospect P10 Pmean P50 P90 Teru Teru 1,647 740 547 158 Anapero 1,627 670 445 88 Lenteja 1,666 576 198 17 Total 4,940 1,986 1,190 263 For the financial year ended 31 December 2023, the were no losses attributable to the asset and capitalised costs in relation to the work carried out by the Company amounted to approximately US$2.1 million. The proposed farm-out of a 60% participating interest in the AREA OFF-1 licence to Chevron (pending regulatory approvals) aims to facilitate and fund an accelerated 3D seismic acquisition (and associated interpretation work), with the intention being that such 3D seismic acquisition will occur during the initial four-year exploration period. Further announcements will be made as appropriate. |
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