We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Challenger Energy Group Plc | CEG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.50 | 08:00:29 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.50 | 7.50 | 7.51 | 7.50 | 7.50 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 09/7/2025 12:45 by stewart4990 when the CEG share price was 7.50p. I have just had a look on CEG website and noticed Morgan Stanley are the biggest holder as at 22 June 2025 with 9.5%, is that an increase, seem to remember previously it was 8. something.I also re-read the Uruguay details based on the small fall in share price, presumably due to no updates from CEG, I am still very encouraged having read the details again and happy with my 200K shares. |
Posted at 10/6/2025 15:05 by bigsi2 Can't report if there's nothing to report -CEG quite clear over the timescales here -Next update PRD sale - doubtful that will have any impact -Area OFF 3 results of seismic / volumetricsStart of farm out process Area OFF3Chevron approval for seismic acquisition Potential Farm out Area Off3 by years end |
Posted at 29/5/2025 15:38 by jbt2007 SWAG, there are no open short positions in CEG, I'll say it again, I dare you to open one. |
Posted at 16/4/2025 10:27 by arrynillson SWAG - you slavishly followed 12bn and got it 100% wrong on the farm out.Try to get help to overcome your disgruntlement - look at GarryGraham on the other channel he’s back in and supporting CEG, after taking the loss on the Bahamas drill, whereas Linton78, after initially seeming to accept his loss seems to be growing his disgruntlement as the CEG share price strengthens. “The jealous are troublesome to others, but a torment to themselves .” |
Posted at 15/4/2025 12:10 by stewart4990 12bn,Why are you constantly against CEG, have you a problem with them, did you lose a packet with BPC. Look at CEG now in Uruguay why would a Chevron be involved if it did not think potential success was a strong possibility. |
Posted at 08/4/2025 23:14 by arrynillson arrynillson24 Dec '24 - 08:34 - 21804 of 21987 Edit0 0 0 arrynillson 7 Aug '24 - 09:25 - 21583 of 21771 Edit 0 1 0 Disgraced Compulsive Liar 12bn - saved you the bother of dusting off your old posts:- arrynillson15 Jun '24 - 16:14 - 21442 of 21582 Edit 0 0 0 Disgraced Compulsive Liar 12bn here’s a selection of your posts which suggest more than a passing interest in a 0.04p share price - including one urging holders to ` get out while they can ’ ! After all these years you still haven’t explained why you want people you don’t know not to buy shares in this company and that holders should sell seemingly irrespective of the company prospects! @Note you got it completely wrong about the JV with Chevron - where was the dilutive cash raise 12bn? 12bn 19 Feb '24 - 12:06 - 20419 of 21440 0 0 0 Oh dear,how low can she go? All the way back to 0.04p? 12bn 28 Feb '24 - 07:42 - 20484 of 21440 0 0 0 IMO this will return to the 0.04p once funding news arrives,which I expect very soon. CEG is a serial loss maker of around $175k-$200k a month (see results) and the question holders should have is 'how can they survive without raising cash?' The answer is they cannot,even with a JV for Uruguay (which I doubt they will get since one hasn't arrived in nearly a year of looking for one),CEG will have to raise cash via dilution just to pay its bills/salaries/etc. Imo it is not 'if' dilution comes but 'when' will it come? My guess is very soon. 12bn 31 Jan '24 - 13:43 - 20268 of 21440 0 0 0 IMO the share price could return to 0.04p very quickly after funding news,holders should get out while they can, as after funding news the share price drop will make it virtually impossible to get out at a decent price,all imo. :) |
Posted at 02/4/2025 07:02 by bigsi2 2 April 2025Challenger Energy Group PLC Admission to trading on OTCQB Market in the United States Challenger Energy Group PLC (AIM:CEG, OTCQB:BHSPF) ("Challenger" or "the Company"), the Atlantic margin focused energy company, is pleased to announce that its ordinary shares have been approved to trade on the OTCQB Venture Market ("OTCQB") in the United States, and will commence trading at market open today, under the ticker symbol "BHSPF".Trading of the Company's ordinary shares on the OTCQB offers significant benefits to investors, including enhanced access to trading for U.S. investors and potentially greater liquidity due to a broader geographic pool of potential investors. By trading on the OTCQB, the Company will be able to engage directly with U.S. investors, ensuring that they have the same level of information and disclosure available as those in the United Kingdom, but through U.S.-facing platforms and portals. Additionally, the OTCQB trading facility will provide U.S. based investors with the ability to access the Company's ordinary shares in U.S. dollars during U.S. market hours.Trading of the Company's shares on the OTCQB will not affect trading of the Company's ordinary shares on AIM, which will continue under the symbol "CEG", and no new ordinary shares have been issued through this process. The Company will continue to make all announcements and disclosures to the London Stock Exchange through the Regulatory News Service and is not subject to any Sarbanes-Oxley or US Securities and Exchange Commission reporting requirements.Eytan Uliel, CEO of Challenger Energy, said: "Since closing our farmout agreement with Chevron for the AREA OFF-1 block in Uruguay, we have seen a steady rise in interest in our company from North American investors - a natural development given the geographic location of our assets and the identity of our principal partner. Trading on the OTCQB is expected to enhance the Company's visibility, broaden our reach, and drive greater engagement with US investors who are well placed to understand the significant upside value potential inherent in Challenger Energy at this time. Over the coming months we will be making full use of the benefits that come from being admitted to trading on the OTCQB, alongside our regular engagement activities within the UK |
Posted at 18/2/2025 07:07 by bigsi2 18 February 2025Challenger Energy Group PLC("Challenger Energy" or the "Company") Sale of Trinidad and Tobago OperationsChallenger Energy (AIM: CEG) is pleased to announce that it has entered into a transaction for the sale of all of the Company's remaining business in Trinidad and Tobago (the "Transaction"), for a total transaction value to the Company of $6 million (which could increase to up to $8 million under certain future production criteria). The Transaction represents a complete exit of the Company from its operations in Trinidad and Tobago, including from all liabilities and potential exposures associated with those operations.The Transaction constitutes a fundamental change of business pursuant to AIM Rule 15 and is contingent upon obtaining the consent of the Company's shareholders at a general meeting. A circular to shareholders (the "Circular") is expected to be posted in due course containing details of the disposal and notice convening the general meeting.Eytan Uliel, Chief Executive Officer of Challenger Energy, said:"As previously advised, for some time we have been considering the future for our business in Trinidad and Tobago, ultimately concluding that our capital and efforts can be better deployed. Through this Transaction we receive both upfront and deferred consideration, we retain an ability to benefit from future upside performance of the assets sold, we remove various liabilities, provisions and exposures from our balance sheet, and we streamline our activities. Most importantly, exiting from Trinidad and Tobago allows full focus on our core assets in Uruguay, where we believe the opportunity to create near-term value for our shareholders is considerably greater, as we execute on our busy work programme in both AREA OFF-1 and AREA OFF-3 in 2025. We look forward to updating the market in due course."Details of the Transaction· The Company has agreed to sell 100% of its St Lucia domiciled subsidiary company, Columbus Energy (St. Lucia) Limited ("CEG Trinidad"), which in turn holds various subsidiary entities that collectively represent all of the Company's business, assets and operations in Trinidad and Tobago.· The purchaser is Caribbean Rex Limited, an entity jointly owned by T-Rex Resources (Trinidad) Limited (51%), a wholly owned subsidiary of Predator Oil & Gas Holding Plc ("POGH"), and the West Indian Energy Group Limited (49%), a Trinidadian company active in the domestic oil industry ("WEIGL").· Consideration represents a total transaction value of $6 million, whereby:o the Company will receive cash and liquid securities of $1.75 million, to be applied to general working capital and further strengthening the Company's balance sheet:§ an initial deposit of $0.25 million in POGH shares (approximately 4.4 million POGH shares to be issued to the Company);§ $0.75 million on completion - $0.25 million in cash and $0.5 million in POGH shares (the number of POGH shares to be issued will be based on the exchange rate and market price of POGH shares at the time of completion); and§ $0.75 million, in cash, in three equal instalments at year-end 2025, 2026 and 2027; ando on completion WEIGL will assume all liabilities, provisions and potential exposures of the business, assets and operations in Trinidad and Tobago, which for the purposes of the proposed Transaction are agreed to be $4.25 million.· At year-end 2027, an additional contingent payment of potentially up to $2 million is also available, under certain conditions linked to production exceeding 750 bopd.· Completion is subject to prior approval of (i) the Company's shareholders (as the disposal represents all of the Company's present revenue and thus constitutes a fundamental change of business pursuant to AIM Rule 15), and (ii) appropriate regulatory approval in Trinidad and Tobago, with both approvals to be obtained prior to 30 April 2025 (or such later date as the parties may agree).· The sale reflects a complete exit of the Company from Trinidad and Tobago. For the year to 30 June 2024, CEG Trinidad made a loss of approximately $0.6 million. As at 30 June 2024, CEG Trinidad had total net assets of approximately $5.8 million. Proceeds received from the Transaction will be used for general working capital in the Company's operations. In respect of POGH shares received as part of the consideration, the Company's intention is to liquidate those shares for cash, but in an orderly fashion and at a time of the Company's choosing. Further details of the effect of the operational and financial impacts of the Transaction on the Company will be included in the Circular related to the general meeting to be convened for the purpose of approving the sale. |
Posted at 18/12/2024 20:26 by bigsi2 The maths ....AREA OFF-1 READ-THROUGH VALUE FOR AREA OFF-1 Chevron is a quality partner of choice with full operating capability Validation of CEG's work, and technical / aboveground merits of the asset Immediate value realised and significant value and optionality retained Material upfront cash: $12.5m Substantial working interest retained: 40% Sizeable carry through an accelerated work program Full carry-on 3D seismic campaign (up to $15m net to CEG = up to $37.5m total seismic costs) 50% carry on initial exploration well if drilled (up to $20m net to CEG = up to $100m total well cost) A high value transaction that has not been fully priced in to market value Interest acquired by Chevron Interest retained by CEG Cash on completion 60% 40% $12.5m Firm seismic carry (net to CEG) Contingent well carry (net to CEG) Total payments and funding to CEG Implied value paid for 100% of block Implied value for 40% retained interest Value of cash + carry + retained interest (net to CEG) Farm-in contemplates up to $50m spend (initial entry + 3D seismic) and potentially a further $100m (initial exploration well) in respect of a 60% working interest Implied read-through value for AREA OFF-1 only: ~$79m = ~25p per share |
Posted at 04/12/2024 07:45 by arrynillson in4cedrosPosts: 6,009 Price: 5.375 No Opinion RE: RE: $12.5M banked3 Dec 2024 00:26 GarryGraham - many thanks indeed for your enquiries. Your first enquiry was rather strangely worded as you’re asking me to confirm when shareholders will be receiving a dividend from the share of the $12.5 million. I haven’t previously indicated dividends will be paid hence the strangeness of asking me to confirm ‘ when ‘. I do not foresee CEG will commence payment of a dividend for many years to come, even if the Uruguay drill is a big success! If this company continues to trade successfully with a succession of positive RNS I expect the share price to rise to reflect those achievements. If the share price does not rise to reflect the true value of the underlying assets the company will become vulnerable to a Takeover bid from another company who have appreciated the value and believe they can convert that for their own shareholders. A T/O bid is a very common way of dealing with smaller companies. At the moment CEG have the $12.5 million but, as I suggested previously, it’s likely they’ll spend some of this on developing OFF- 3 as that’s obviously sensible and would be fully understood by most shareholders. I’d also speculate some cash will be spent on Trinidad as I believe it’s likely they will have a priority list of projects that have been discussed for years and agreed as being very worthwhile on ROI basis - just waiting for the cash to fund it. Before readers become alarmed I must stress this is merely my own opinion - I have no evidence from CEG to back it up so it could be complete tosh! If they can increase bopd from Trinidad by say 200 it would likely make the company profitable, including BOD expenses, whereas, at the moment there is a monthly drain of around $1800. Regarding the humongous additional benefits to shareholder value I’m referring to the Chevron deal - the main financial benefits I’ve cut and pasted from the RNS:- · 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 the current market capitalisation of CEG is just over £13 million and the recent banked cash is $12.5 million I don’t believe I’m outrageously ramping this in suggesting that the share price doesn’t reflect the value of the Chevron additional benefits plus the value of Trinidad assets together with any value for OFF- 3 ! If the Seismic is favourable and Chevron confirm they will drill OFF- 1 the pre drill value of CEG will increase as minds of investors become more focused on the potential benefits of success- it’s a phenomenon that’s pretty common in Oil Exploration. In that scenario those shareholders who don’t want to take the risk of the drill may well find they can exit the share at a good profit, thereby benefiting from the humongous additional benefits of the Chevron deal, without oil being discovered! As I have mentioned previously I watched a video from Eytan post Chevron where he ventilated the idea that CEG would have the option to sell part of their 40% interest in return for a free carry on the drill costs. If that happened and for example Company XYZ agreed such a deal for say 20% it would be apparent to the market what the cash value of CEG remaining interest was - it would be equivalent to the cash sum Chevron billed CEG for the total 40% interest drill cost. Outside investors note these details and do their own calculations on CEG NAV - should logically lead to a substantial pre - drill share price increase. Glad to have this opportunity to explain this concept to you Garry - I suspect you weren’t the only one who couldn’t understand the exciting potential here in the pre - drill phase! I’m thinking this is quite a revelation for you as it seems like you’ve invested in this share on a shyte or bust basis - It occurs to me this may make you more comfortable with your shares but, as always, DYOR Garry! |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
