Or perhaps even months!! |
all beginning to look really interesting for this one in the next few years....... |
There will be unfortunately for them, there's lots of activity locally (Uruguay, Argentina, Brazil) and in Namibia (our geographical twin) The newsflow is spread very largely making it a very steady holdQ1- preliminary seismic results, operating update, Bahamas update (probably leaving the license), Trinidad update (planned work? Sale?)Q2- more in depth siesmic, call for farmin and data room open, chevron update on work/Shell $150m study update, APA dril plan?MMS have very little stock availability at these low levels there was only 50-100k shares left sub 8p Friday and the buying from lows hasn't been huge.Trinidad could surprise, an American company just won the licence that fully surrounds us and the amount of equipment and workforce they'd gain buying us makes it a target.A junior that was lucky enough to be in the orange basin saw their mcap reach 500m |
AEX - lol - The never ending story 15 years that's been on my watchlist CEGs fundamentals are extraordinarily strong with excellent prospects.10m market cap was ridiculously cheap.Even at 15m still undervalued by any normal metrics ...My target here is for 10-15p Q1-Q2 with seismic news ... heading that way rather quickly currently :) |
Don't know about you guys.. but I think we're a little undervalued compared to our peers |
Aex 50-70m cap single asset waited 3 years to drillJV in place freeride, no cash paymentSnda 25m cap single asset waited similar timeframe don't own much of their assetNo JV freeride, no financing need cash to drillMatd 22m cap 300 bopd .... SkintThat's about it for that tbhCEG 18m cap 300 bopd in Trinidad and own 60 wells/equipment 2x Snda aex sized assets in Uruguay (probably bigger tbh) 1 JV chevron 60% 12m cash payment 20m freeride.. other advertising JV h1 2025 (bigger and less monkey work needed surrounded by Shell) and a Bahamas asset waiting license Cash 10m |
Breakout !!30% up from low |
Going to 7p today I'd say |
With Area off3 news this could finally move past 7p and be into BREAKOUT |
BUY at full ask 6.75News imminent id say |
https://www.share-talk.com/malcys-blog-oil-price-oil-price-zephyr-kistos-challenger-finally/Challenger Energy GroupCharlestown Energy Partners, LLC has announced a 3.68% stake in Challenger which if I remember correctly is part of the investment via a loan and equity announced back in May and included the CEO of Sintana Energy, Mr Robert Bose joining the CEG board as a Non-ExecutiveDirector. The loan has since been converted and Charlestown now have this declared stake in addition to other shares in its stable. The shares look exceptionally cheap on any metrics and with the first farm-out now under its belt, on exceptional terms and with possibly the best partner in the world and much, much more to come CEG is a must have stock for the future. |
CEG TG group: https://x.com/theunsophistic2/status/1870797827523416070?s=46&t=4s-AQzZhMmeWz3Ire1AEsASome good research in there broker notes and presentations |
Now buying at 6.5, pleased I topped up earlier.At long last, I can see an excellent return here, and I lost a packet with Bahamas. |
Nice !Few chunky buys I seeI think this should build momentum these next few weeks into Q1Seriously undervalued still IMO |
Buying at 6.22, I just added |
Consolidation rather - |
Yep - pre conversion obviously |
Should be a fascinating 25'...... |
8.4p equivalent si |
https://x.com/theunsophistic2/status/1873640044915048523?s=46&t=4s-AQzZhMmeWz3Ire1AEsA |
Actually that just seems like the 1.5m loan converted at fixed price 0.16 - Percentage holding threw me :) |
Although the threshold was crossed on 8/11 so perhaps they have added |
TR1I believe that's just the 8.7% investment plus 20m from loan conversion-Over 9% |
Https://www.bnamericas.com/en/news/roundup-offshore-exploration-permitting-license-extensionExploration permittingPGS Exploration wants to shoot 44,182km2 of 3D seismic offshore Uruguay in 2025-27, according to permitting documents filed with the country's environment ministry.The work, expected to take 430 days, targets blocks OFF-1 and OFF-7, the former held by Challenger Energy and the latter by Shell.PGS plans to carry out the shoot in four phases, the first starting in 1Q25.All of Uruguay's seven offshore exploration blocks have active contracts.Oil and gas shows have been reported offshore in Uruguay in previous exploration phases, but no commercial discovery has been made.Published: Friday, December 27, 2024 |
Up again -Chart looking strong now -News due imminently on AreaOFF3 - prior to YE according to last update |
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