Challenger Energy Share Discussion Threads

[jbt2007] 19/4/2024 13:33

12bn 19 Apr '24 - 06:37 - 21146 of 21158
Ah, I know your reputation precedes you 12bn and thanks for confirming what an absolute cretin you are. Chevron have already done a deal with CEG, can't you read RNS's. Simply awaiting rubber stamping by the Uruguayan Gov and that's all it is, rubber stamping. 3d seismics and drilling are for the future, nobody said that when the time comes the seismics won't be important but what has clearly escaped you is that the deal and the $12.5m are incoming and are NOT dependent on any future work. What a sad pathetic muppet you are. Have you considered getting a life? no irony in that I'm being serious.

[stewart4990] 19/4/2024 10:44

Well just read Malcy blog, he seems extremely up beat about yesterdays RNS, have a read on his blog

[zxie] 19/4/2024 09:52

Strong buy

[willec1979] 19/4/2024 08:42

14.3m in first 40 minutes and up over 3%. Nobody wants to be out over the weekend, apart from 12bn.

[zxie] 19/4/2024 08:39

Moving again

[arrynillson] 19/4/2024 08:18

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.

[12bn] 19/4/2024 07:41

Yep,long term holders of CERP/CEG will remember that the 20:1 and 10:1 consolidations were followed by a share price crash,just look at the graphs.

[bigsi2] 19/4/2024 07:14

It's all in the RNS -a share consolidation on the basis of at least 50:1 (this being a necessary requirement to enable Charlestown's share custodian to hold shares in the Company)Many investment companies are not able to hold shares below a certain value ie 1p-Therefore Consolidation necessary to facilitate funding

[12bn] 19/4/2024 06:47

· 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./////// There is no certainty in this RNS we will have to wait for that. I am not saying Chevron will not drill but it is not certain and it could drill a duster as CEG did when it was BPC.

[12bn] 19/4/2024 06:42

stewart499018 Apr '24 - 16:34 - 21133 of 21146
0 0 0
I never touched these after Bahamas but I do like this deal, I hope to add quite a few more million but will be cautious.//////// You do right to be cautious here as any deal with Chevron is months away at best (due to Uruguay govt)and may never happen at worst. Results could arrive at any time and they will be dire imo.

[12bn] 19/4/2024 06:37

jbt200718 Apr '24 - 16:52 - 21136 of 21145
0 1 0
12bn, you seem to be confused. This is from your post earlier "at best but if the deal doesn't go through due to bad 3D seismics or the Uruguayan government opposition then CEG are screwed."
So as I said the 3D seismics are not relevant to this deal completing, what don't you understand about that?/////// Idiot,of course the 3D seismics are important,if they are not good Chevron could walk away,it does not have to do a deal with CEG. You never post for over 3 years with this nickname now you post 2 in one day! You are obviously an old hand that I have on filter so FILTERED you will now be,bye.

[willec1979] 18/4/2024 22:59

Chervon takeover will not happen in the near future.

[willec1979] 18/4/2024 22:57

Totally agree Zxie but would say 1p + soon on the back of the news today institutions will want in and can see high demand for this stock in coming months.

with 50:1 consolidation could hit £s very quickly after consolidation

[iceagefarmer] 18/4/2024 20:43

yes i agree,,takeover by chevron soon so could be alot higher

[alhambra1] 18/4/2024 18:59

Us - the shareholders will decide m8

Some might like the new expertise

From new experienced professionals


😐

[blind man] 18/4/2024 18:02

CEG will be asking us the shareholders if they can do a 50-1 consolidation? or are they just going to do it! all for the sake of a poxy 1.5 million loan at 12.68% intrest. and 105 million new shares.

[bigsi2] 18/4/2024 17:37

A most peculiar understanding of the update ...However to correct this misunderstanding -the Company's shareholders have approved, and the Company (CEG) has thereafter undertaken, a share consolidation on the basis of at least 50:1 (this being a necessary requirement to enable Charlestown's share custodian to hold shares in the Company)

[blind man] 18/4/2024 17:27

its chalestown that are having 50-1 consolidation not ceg!

[alhambra1] 18/4/2024 17:22

12bn (aka Idiot) has no shares in CEG, or anything! Lost his dosh in the Bahamas.

Over 10 years, he's badmouthed CEG - every day - in 40,000+ posts. Very angry about his losses.

Appears to have serious mental issues - and is incapable of understanding, debate or logic.

☺️

[jbt2007] 18/4/2024 16:52

12bn, you seem to be confused. This is from your post earlier "at best but if the deal doesn't go through due to bad 3D seismics or the Uruguayan government opposition then CEG are screwed."
So as I said the 3D seismics are not relevant to this deal completing, what don't you understand about that? The 3D and drilling is many months/years down the line and again not relevant to current events. If and when we get to that point the share price will be many multiples of where it is today. You are correct I haven't posted since 2021, has there been anything to post about?!!
This company should not be confused with any previous incarnations, it is now a very different animal and if you can't get your head round that, it is your problem. This now has serious potential, a long way to go but serious potential. Isn't that all we are interested in as investors, or doesn't that apply to you? Are you invested?
I note that you haven't provided a source for government opposition to oil exploration.

[bigsi2] 18/4/2024 16:49

Welcome back ;)