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During the recent investor discussions regarding Challenger Energy Group Plc (CEG), notable attention was drawn to significant block buying activity at price levels around 9 pence. Market participants expressed confidence in the potential for further announcements of substantial share acquisitions, particularly anticipating a Threshold Report 1 (TR1) from Morgan Stanley soon. This enthusiasm is supported by the interest from North American investors, who are looking to capitalize on the company's promising ventures in the North Atlantic, particularly in light of Charleston Energy's involvement.
The sentiment towards CEG appears overwhelmingly optimistic, with one investor highlighting the transformative nature of the OFF-1 deal—termed a "company maker"—and projecting a read-through valuation of 25 pence per share. Comments like "another potential ten bagger" underline the high expectations for stock appreciation based on the perceived underlying asset value and strategic moves. Overall, investors seem to view CEG as a compelling opportunity, reflecting a mix of hope and anticipation for future growth.
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Challenger Energy Group Plc revealed a significant option exercise and subsequent share issuance on February 7, 2025, with the company issuing 840,000 new ordinary shares at an exercise price of 5 pence per share, generating a cash total of £42,000. The options were exercised by certain employees and ex-employees under their Tranche A options. Notably, no options were exercised by company directors or persons discharging managerial responsibilities (PDMRs). This move is part of Challenger Energy's strategic measures to bolster its equity position within the Atlantic margin energy sector.
In a separate development, Morgan Stanley disclosed a significant change in its shareholding, crossing a major ownership threshold on January 21, 2025. This notification highlights ongoing interest and strategic movements among institutional investors in Challenger Energy, indicating potential confidence in the company’s future growth and market performance. The combination of these developments reflects both internal corporate growth strategies and the competitive external interest in Challenger Energy Group's operations.
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Where is Disgraced Compulsive Liar 12bn ? |
Looking very positive. Does have a gap to fill between 799p-930p but not expecting that to be filled with this move. |
Heading up again - got legs for 10p it seems |
Looking a little toppish todayTook the opportunity to bank a little from lows - |
Reviewing Trinidad ..... Interesting |
2024 Year-End Letter to Shareholders The following letter to shareholders will also be published via the Company's website. Dear Shareholders As 2025 begins, I write to thank you, our shareholders, for your support throughout 2024, a milestone year for Challenger Energy, during which we made significant progress in our two prime offshore exploration blocks in Uruguay. AREA OFF-12024 saw the successful farmout of the AREA OFF-1 block to Chevron announced on 6 March 2024. This transaction was a result of our high-quality technical work, that established the licence area's multi-billion-barrel prospectivity. Chevron's commitment to fully carry the Company's share of costs for a 3D seismic campaign - and 50% of the costs for an initial exploration well should Chevron move forward with it - positions AREA OFF-1 for significant progress in the coming year, but with reduced financial risk. Successful completion of the farmout also delivered a $12.5 million cash payment to Challenger Energy and, at the same time, we retain a 40% non-operating interest in the block, affording us enormous flexibility in how we participate in this block's future. AREA OFF-3On 11 March 2024, we formalized our AREA OFF-3 license, marking the start of an initial four-year exploration period. This highly prospective 13,252 km² area, located in relatively shallow waters about 100 kilometers off the Uruguayan coast, benefits from extensive 2D and 3D seismic coverage and, like AREA OFF-1, has multi-billion-barrel resource potential from multiple play types. We have since commenced our technical work program for AREA OFF-3, which centers around reprocessing 3D seismic data. This critical activity, set to conclude in the first half of 2025, will refine the prospect inventory, identify potential drill locations, and support a formal farmout process targeted to commence in mid-2025. The anticipated costs of our work program, projected at $1-1.5 million, reflect our commitment to a disciplined and value-driven approach to early-stage exploration. Trinidad & The BahamasWe are currently reviewing our assets in Trinidad and The Bahamas, and anticipate making a decision on their future in the first half of 2025. FinancialThe funds received on completion of the Chevron farmout means that we are fully funded for the foreseeable future - both in terms of corporate overhead and all planned work programs - with no debt, a healthy cash surplus, and no unfunded commitments or obligations. Thus, as we exit 2024 and head into 2025, I believe our Company is in the best financial position it has been in for many years. ----- 2024 underscores Challenger Energy's ability to navigate complex projects, partner with leading industry players, and leverage our assets to create value for shareholders. As we look ahead to 2025, our focus remains steadfast: advancing exploration activities in Uruguay, optimizing our portfolio, and continuing to execute on our business strategy. Once again, thank you for your support. I'm proud to reflect on what has been a transformative year for Challenger Energy, and we are excited for 2025 and beyond. Sincerely,Eytan Uliel - Chief Executive OfficerChallenger Energy Group Plc |
15p or 30m market capitalisation would still be a modest valuation... currently Add an AreaOFF3 farm out into the mix...and it would still be considerably undervalued IMO |
Agreed bigsi2, just a bit more patience and we should all get our just rewards. |
8% a day awaiting news will do nicely -Looking like 10p |
Https://www.youtube. |
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-ta |
CEG TG group: https://x.com/theuns |
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 |
Type | Ordinary Share |
Share ISIN | IM00BPLZ1D89 |
Sector | Crude Petroleum & Natural Gs |
Bid Price | 9.00 |
Offer Price | 10.00 |
Open | 9.50 |
Shares Traded | 42,192 |
Last Trade | 08:00:00 |
Low - High | 9.50 - 9.50 |
Turnover | 4.02M |
Profit | -19.56M |
EPS - Basic | -0.0932 |
PE Ratio | -1.02 |
Market Cap | 19.41M |
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