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CEG Challenger Energy Group Plc

0.1375
-0.0025 (-1.79%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Challenger Energy Group Plc CEG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.0025 -1.79% 0.1375 10:20:52
Open Price Low Price High Price Close Price Previous Close
0.14 0.1375 0.14 0.1375 0.14
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Challenger Energy CEG Dividends History

No dividends issued between 27 Jul 2014 and 27 Jul 2024

Top Dividend Posts

Top Posts
Posted at 26/4/2024 04:22 by arrynillson
12bn24 Apr '24 - 08:56 - 21218 of 21232
0 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 20960
0 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 28/3/2024 13:35 by arrynillson
Will - just in case Disgraced Compulsive Liar 12bn doesn’t reply I’ve cut n pasted his response to the transformative Chevron deal - ' unexpected ( for him! ) good news ’.

Interestingly 12bn is now querying in his post today whether the deal will EVER take place - desperation from the disgraced!

12bn6 Mar '24 - 07:25 - 20536 of 20960
0 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. :)
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 08/3/2024 08:47 by z1co
12 pence

That's a blatant lie.

7 November 2023

Challenger Energy Group PLC

CORY MORUGA SALE COMPLETION

Further to announcements of 20 December 2022, 8 March 2023, 1 June 2023 and 30 August 2023, Challenger Energy (AIM: CEG), the Caribbean and Americas focused oil and gas company, with a range of oil production, development, appraisal, and exploration assets in the region, is pleased to advise that the transaction for the sale of the Cory Moruga licence, onshore Trinidad, to Predator Oil & Gas Holdings PLC ("PRD"), was completed on 6 November 2023.

As a consequence of negotiations associated with reaching an agreed position with the Trinidadian Ministry of Energy and Energy Industries ("MEEI"), CEG and PRD agreed to vary certain terms of the previously announced agreement between them, as follows:

-- On completion, PRD paid to CEG US$1 million in cash;
-- A further US$1 million, due to be paid by PRD to CEG six months from completion, will instead be paid immediately by PRD direct to MEEI, in part agreed settlement of past dues on the Cory Moruga licence; and

-- A contingent US$1 million payable by PRD to CEG in the event of the Cory Moruga field achieving certain future production benchmarks, and PRD granting to CEG a future back-in right to a 25% interest in the Cory Moruga field at an uplifted multiple of cost base, will no longer apply, reflective of CEG's contribution to the value of settlement of the balance of past dues on the Cory Moruga licence, which will be recovered by MEEI via agreed quarterly arrears payments.

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