About to multi bag . Spreadex stopped taking buy bets as from 11am today |
Isle of Man registered co . Overseas assets - perfect set up |
“ Still things are looking a bit better for this serial loser even if drilling may be a long time away.”
I’ll take that as your congratulatory post to CEG I predicted yesterday 12bn! |
10 bagger coming |
Take it your funds are still tied up elsewhere 12bn? |
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)./////////What happens if 50% of costs is more than US $20m? What happens if drilling only producers dusters? Still things are looking a bit better for this serial loser even if drilling may be a long time away. |
Buy the rumour, sell the news. |
Carers working frantic overtime today on 12bn’s incontinence issues - deluges all over the bungalow seemingly precipitated by today’s Chevron RNS - so bad the Disgraced Compulsive Liar has not been able to post. He’s not usually this reticent- over 40,000 trolling posts over more than a decade - I’m expecting his congratulatory post to CEG tomorrow LOL! |
 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."I have applauded Eytan and his team a number of times in recent months for this audacious move into Uruguay and don't intend to stop now. As he says this is a company make, game changer, call it what you will and it goes back to genuine oilmen getting out on the road and finding potentially huge prospects. Prospects that have meant that mighty Chevron, market cap $275m is going to operate with 60% against CEG with 40% and a market cap of £12.5m and also commit to and pay for a substantial work programme starting with 3D seismic in coming months. If promising Chevron will pay for 50% of a well, likely to be drilled in 2026 with huge promise.But that's not all, whilst in Uruguay Eytan also picked up AREA OFF-3 where they are working and building up a work programme there and who's to say that they won't do the same again. Challenger shares are grossly undervalued and I mean ten bagger or more and should be tucked away with so much more news to come. |
Took another 10000 at the end |
All priced in it's where it should be! apart from any upside hype about discovery and future production if that may be the case. |
Clear the sellers and we are off |
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 !!!?? :) |
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