2% rise on that news? This is absurd. |
Load up while it's cheap |
Anyone here got a link for the telegram group for CEG |
I'm sure the tap will be turned on very soon!! |
Market cap 12m , cash 12m so 40% in for free. Has to start bagging soon |
... . $12.5m in bank & 40% stake left to play. No rise? perhaps when USA markets open might get a bit more. |
Loaded up here 6.4 ish Might need a few days for market to digest . Cash of 12m is in the bank |
Very modest rise after recent falls |
News flow should really ramp up now RE area off 3 - seems obvious that CEG has held back spending funds on technicals to conserve cash and avoid the need to dilute prior to completion-All looking very nice now through Q2 2025Will re rate at some point |
Surprise Surprise - share price bounce 12bn MIA! |
Where is the Disgraced Compulsive Liar? |
"The cash received and farmout terms will ensure that our Company is fully funded for the foreseeable future"What no placing !!!?? :) |
 29 October 2024Challenger Energy Group PLC("Challenger Energy" or the "Company") AREA OFF-1 Farm-Out Completion Challenger Energy (AIM: CEG), the Atlantic margin focused energy company, is pleased to announce that the farmout of a 60% interest in the AREA OFF-1 block, offshore Uruguay, to Chevron Mexico Finance LLC, Sucursal Uruguay ("Chevron") (a wholly-owned subsidiary of Chevron Corporation (NYSE: CVX)), has today been completed, with all required approvals from the Uruguayan regulatory authorities having been received, and the farmout taking legal effect.As an immediate result, the Company has received a cash payment of US$12.5 million while retaining a 40% non-operating interest in AREA OFF-1. Chevron has assumed operatorship of the block and going forward will carry 100% of the Company'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 Challenger Energy). Thereafter, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will also carry 50% of the Company's share of costs associated with that well (up to a maximum of US$20 million net to Challenger Energy).The Company is working closely with ANCAP, the Uruguayan regulator, and Chevron to ensure a smooth transition of operatorship, as well as participating in the detailed planning for an upcoming 3D seismic campaign, targeted to commence in the next available shoot window (H1 2025). Further updates will be provided as planning and execution of the seismic campaign progresses. Eytan Uliel, Chief Executive Officer of Challenger said:"Completion of the AREA OFF-1 farmout is a game-changer for Challenger Energy. We've achieved an outcome that introduces Chevron, a recognised industry leader, as operator of the block, who will now commence with executing a considerable value-creating work program. The cash received and farmout terms will ensure that our Company is fully funded for the foreseeable future. And, just as important, this farmout validates our capabilities in terms of securing early-access to promising exploration blocks, and progressing them rapidly via high-quality technical work. In the coming months we expect to communicate plans for 3D seismic acquisition on AREA OFF-1, and at the same time we will be fully engaged in a technical work program for our second Uruguay licence, AREA OFF-3, applying the learnings from work on AREA OFF-1 - our objective is to be in a position to kick off a farm-out process for that block in mid-2025. The next year will thus be an exciting and busy time for Challenger Energy. |
“ what on earth have I to be desperate about? “
Disgraced Compulsive Liar 12bn - as always it’s difficult to know what your motivations are but it’s clear you’ve been trolling this share for more than a decade with over 40,000 posts.
This company has been poorly run at times and was deserving of criticism but you foolishly resorted to blatant lying and misleading to emphasise your case, thereby diminishing your credibility.
It now looks like the company is on the threshold of a new era - once the $12.5 million is paid by Chevron CEG will be able to self finance development of projects which hitherto required borrowing or shareholder fund injection - obviously this is what’s bothering you hence your desperation to Play the Placing card as often as possible before it becomes even more risible! |
12bn - 19 Sep 2024 - 09:16:27 - 21637 of 21683 challenger energy group - CEG
You sound upset BigLiar2,could it be because you are losing BIG time here on your recent buys?////////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). |
2 500k buys that's two 25m BUYS pre consolidation Must be a placing due :)My guess 12.5m incoming imminent with completion next week |
“ what on earth have I to be desperate about? “
Disgraced Compulsive Liar 12bn - as always it’s difficult to know what your motivations are but it’s clear you’ve been trolling this share for more than a decade with over 40,000 posts.
This company has been poorly run at times and was deserving of criticism but you foolishly resorted to blatant lying and misleading to emphasise your case, thereby diminishing your credibility.
It now looks like the company is on the threshold of a new era - once the $12.5 million is paid by Chevron CEG will be able to self finance development of projects which hitherto required borrowing or shareholder fund injection - obviously this is what’s bothering you hence your desperation to Play the Placing card as often as possible before it becomes even more risible! |
The BB moron is so desperate now to find something negative to latch onto-Even a 100k trade will do :) |
12.00k - that’s double the 100k trade level that excites some just gone through @ 6 - I’m just checking tea leaves to discern what this means for CEG - super confident it’s not placing related as anyone who’s read RNS knows about the $12.5 million due from Chevron on completion!
Unsurprisingly 12bn struggling to understand this! |
12bn - 19 Sep 2024 - 09:16:27 - 21637 of 21683 challenger energy group - CEG
You sound upset BigLiar2,could it be because you are losing BIG time here on your recent buys?////////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).//////// The fool now calls me desperate but as I have no holding here and don't intend to have one what on earth have I to be desperate about? BigLIAR2 sounds more stupid than ever! PMSL :) |
BigLIAR2,look at the trades yesterday,plenty of 100k sells at 5.75p,WHY idiot liar? 100k is equal to 5m pre-consolidation and 5m sells precede a fund raise imo. Pity that you are now just a blind long term moron here now! |
That idiot still prattling on about a placing ?? :)What a prannyIf they didn't place up to now - when funds reduced and farm out incomplete- why would they do so now ?Especially as the share price will likely be far higher in 12-18 months as news flow ramps up |
Somebody sells £2,850 worth of shares and the moron thinks it may mean a placing. You couldn't make it up. |
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