Challenger Energy Share Discussion Threads

[arrynillson] 04/12/2024 07:45

in4cedros
Posts: 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!

[bigsi2] 27/11/2024 15:32

I suspect this is why ...The Company has thus agreed to issue 12,000,000 new ordinary shares to service providers in lieu of cash fees. These will be issued from the Company's standing share issuance authority. Additionally, as part of agreed fees to ?nancial advisers in respect of services provided, the Company will also issue a total of 3,800,000 options over ordinary shares, exercise price of 5p per share, valid for 3 years from date of issueOld habits die hard ...

[stewart4990] 27/11/2024 11:28

What the hell is going on here, the price just keeps dropping, tempted to add but doesn't look great, where BigSi when you need him.

He must be out foraging, 😂

[arrynillson] 22/11/2024 18:07

“ virtually impossible ” for anyone to take words of a Disgraced Compulsive Liar seriously!

[arrynillson] 22/11/2024 18:04

Disgraced Compulsive Liar 12bn - no wonder truckloads of Pampers are heading in your direction to deal with your incontinence problem. If you can’t hold on to it when considering BigSi’s buys think of those that sold on your advice @ 0.04p ( 2p in post consolidation money ) !

arrynillson
7 Aug '24 - 09:25 - 21583 of 21771 Edit
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Disgraced Compulsive Liar 12bn - saved you the bother of dusting off your old posts:-

arrynillson15 Jun '24 - 16:14 - 21442 of 21582 Edit
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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
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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. :)

[12bn] 22/11/2024 13:46

12bn - 20 Aug 2024 - 13:25:25 - 21611 of 21625 challenger energy group - CEG
You wouldn't be trying to promote your own losing position would you BIGLIAR2? Your buys at 0.19p,0.165p,0.155p and 0.142p look pretty poor imo. (6p is equal to 0.12p pre the consolidation! What an idiot).//////// Talk about getting things wrong!!!!! PMSL

[bigsi2] 18/11/2024 11:41

Is he still banging on / obsessing about me buying at 1.9p equivalent and on down??Those higher purchases don't trouble me in the least - this is still undervalued and CEG have since banked the cash from Chevron.My average is currently just around 10-20% above these levels - and that completely excludes the profit made from buying at 0.4 when that idiot wanted everyone to SELL -I anticipate banking some considerable profits here in short /medium term.Goodness knows what that idiot will be prattling on about when the market capitalisation is 20-40m - :)

[arrynillson] 17/11/2024 19:41

“ virtually impossible ” to believe anything you say 12bn!

[arrynillson] 15/11/2024 14:04

Wow if you think he got it wrong at those prices what must you think of the troll who urged readers to sell at 0.04 - read on to see who that was ROFLMAO!

Disgraced Compulsive Liar 12bn - no wonder truckloads of Pampers are heading in your direction to deal with your incontinence problem. If you can’t hold on to it when considering BigSi’s buys think of those that sold on your advice @ 0.04p ( 2p in post consolidation money ) !

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. :)

[arrynillson] 11/11/2024 22:02

arrynillson11 Nov '24 - 15:40 - 21770 of 21774 Edit
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You are probably right there with $12.5 million recently banked trolls are clearly getting pretty concerned!

[bigsi2] 11/11/2024 17:21

Any normal person given how outstandingly WRONG they have called this - would likely have decided to make themselves scarce (or shockingly as have no position or intention of holding one - just clear off and spend time constructively elsewhere)That's obsession for you - its debilitating:(

[arrynillson] 11/11/2024 16:54

Disgraced Compulsive Liar 12bn - no wonder truckloads of Pampers are heading in your direction to deal with your incontinence problem. If you can’t hold on to it when considering BigSi’s buys think of those that sold on your advice @ 0.04p ( 2p in post consolidation money ) !

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. :)

[12bn] 11/11/2024 15:45

12bn - 20 Aug 2024 - 13:25:25 - 21611 of 21625 challenger energy group - CEG
You wouldn't be trying to promote your own losing position would you BIGLIAR2? Your buys at 0.19p,0.165p,0.155p and 0.142p look pretty poor imo. (6p is equal to 0.12p pre the consolidation! What an idiot).//////// Talk about getting things wrong!!!!! PMSL

[arrynillson] 11/11/2024 15:40

You are probably right there with $12.5 million recently banked trolls are clearly getting pretty concerned!

[bigsi2] 11/11/2024 15:15

Ticked up !!IMO when this breaks out it will move pretty quick within a few trading sessions

[bigsi2] 11/11/2024 10:47

Got that wrong too then ...BUY price is creeping up.

[arrynillson] 11/11/2024 02:58

Disgraced Compulsive Liar 12bn always predicts the share price will decline on that basis he can, occasionally be correct. A monkey could be as reliable!

[blind man] 10/11/2024 12:22

Down Monday?

[arrynillson] 08/11/2024 10:52

Disgraced Compulsive Liar 12bn- do you think they’re worried about your threat of a Placing post receipt of the $12.5 million Chevron bunce ROFLMAO!

[12bn] 08/11/2024 08:15

MMs only paying the bare minimum 5.5p,my guess is the bid will drop soon. Have a nice day all. :)

[bigsi2] 07/11/2024 15:44

Chunky buys steadily going through

[cat33] 07/11/2024 14:20

Good update from Jim https://oilman.beehiiv.com/p/oilman-jim-s-letter-november-7-2024Worth reading

[arrynillson] 04/11/2024 12:27

Disgraced Compulsive Liar 12bn - alleged maths teacher makes schoolboy error $180,000 per month vs $1.8m !

[12bn] 04/11/2024 08:34

Financial Review, Cash Position and Funding

The unaudited interim financial statements for the half year ended 30 June 2024 present details on the financial performance of the Company for the period. By way of added commentary, I would note that the nature of the Company's primary business - high impact hydrocarbon exploration activities - means that a key financial indicator we focus on, and which is not always readily discernible from the financial statements, is net cash spend (or "overhead run-rate" or "burn" as it is sometimes also referred to).

In this regard, the Company's net cash spend, after adjusting for various items such as licence expenses in Uruguay and purchase of property plant and equipment in Trinidad & Tobago, was in the order of $180,000 per month. This represents the basic costs of staying in business as a junior AIM-listed company - corporate expenses, salaries, listing costs, annual audit fees, etc. We believe that this level of "burn" compares favourably with similar AIM-listed entities, is consistent with the level of net cash spend in prior periods, and meets the Company's stated objective of keeping its "burn" under $200,000 per month.

At balance sheet date the Company had approximately $1.8m of unrestricted cash (and approximately $0.8m of cash on restricted deposit in support of work program guarantees for various licences). During the period we sought to defer expenditure and minimise cash outflows as far as possible in anticipation of completion of the AREA OFF-1 farmout. As noted, once the farmout of AREA OFF-1 is completed, Challenger Energy will receive a cash $12.5 million payment, along with Chevron being required to carry our share of certain future work programme costs. Therefore, subject to completion of the AREA OFF-1 farmout, the Company expects it will have the cash needed to fund all planned activities for the foreseeable future, without the need for additional capital.