Challenger Energy Share Discussion Threads

[bigsi2] 23/9/2024 18:41

Much as I despise the man ...https://www.malcysblog.com/2024/09/oil-price-ujo-arrow-ceg-petrofac-borders-southern-and-finally/"This is exceptionally good news for Challenger and I remain very excited indeed about its prospects under the brilliant management of Eytan Uliel and team. This is only the first of the blocks to be farmed-out and when Chevron moves into the AREA OFF-1 the CEG team will move faster on the other one although I know they are working hard already.Up until now I have been very bullish but have had no TP for CEG, I am now very confident that this deal is imminent and another one not far behind. Accordingly I am going to put a Target Price on Challenger of 25p and know that there is uber upside for the shares under this management.

[stewart4990] 23/9/2024 16:08

Has Malcy put a target price of 25p on CEG following todays RNS ?

[trotterstrading] 23/9/2024 12:51

$12.5m cash in the coffers soon, not far off the entire Mcap, and with a farm out for OFF-3 on the horizon it's obvious the stock is ludicrously undervalued, but that's down to the macro environment, which will change in time, value will out, just a game of patience

[martyn9] 23/9/2024 12:01

Agreed Stewart, all seems completely flat considering this news.

[arrynillson] 23/9/2024 08:59

$12.5 million from Chevron on completion 12bn - read the RNS you posted about Chevron deal - try not to lose ALL touch with reality!

[jbt2007] 23/9/2024 08:54

12bn you prat, they will be getting $12.5m shortly, they don't need a placing. You look more and more foolish every time you post. This is happening.

[12bn] 23/9/2024 08:51

Nah Brett,imo CEG will do a big discounted placing on the back of this.

[arrynillson] 23/9/2024 07:52

Weeping and gnashing of teeth today for Disgraced Compulsive Liar and followers!

[brettmo] 23/9/2024 07:45

Terrific news and the only way ahead is up for the coming weeks.

[alhambra1] 23/9/2024 07:43

Significant share price rise - OFF-3 next

Before Christmas

🎅

[bigsi2] 23/9/2024 06:09

2025 rather

[bigsi2] 23/9/2024 06:09

Chevron planing seismic early 2015 it seems ? Very good news

[bigsi2] 23/9/2024 06:06

Uruguay AREA OFF-1 farm-out updateOn 6 March 2024, Challenger Energy (AIM: CEG) announced that it had entered into a farmout agreement for the AREA OFF-1 licence in Uruguay with Chevron. Completion of the farmout is subject to required regulatory approvals in Uruguay.The Company is pleased to announce that on 19 September 2024, the Board of Directors of ANCAP (the Uruguayan state-owned oil company with regulatory responsibility for offshore licences) approved the farmout. Following this approval, and in accordance with Uruguayan legal requirements, the process has progressed to its final stage, which consists of the farmout being notified to the Uruguayan Ministry of Industry, Energy and Mining, and at the same time the requisite Consortium Agreement between the Company and Chevron being submitted to the Uruguayan Ministry of Economy and Finance for registration. Once a 20-day notification period has elapsed and the Consortium Agreement is registered, the farmout can be completed. Eytan Uliel, Chief Executive Officer of Challenger Energy, said:"The farmout of our AREA OFF-1 block in Uruguay is transformational for Challenger Energy. Since entering into the farmout agreement we have been diligently working through various regulatory approval processes, culminating in ANCAP now having formally approved the farmout, which is the key approval required. We do not anticipate that remaining procedural processes will take long to complete, so we expect full completion of the farmout within the next four to eight weeks. This in turn will enable Chevron, as incoming operator of the block, to move forward with 3D seismic acquisition on an accelerated basis, targeting commencement in early 2025. The coming months will thus be a busy and exciting time for our Company - we will keep shareholders advised of continued progress."--This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).

[bigsi2] 20/9/2024 15:07

Looking more positive here

[12bn] 19/9/2024 10:49

I wonder when the next fund raising will arrive here? My guess is soon and at around 5p (0.10p old money). Not a share to hold imo.

[12bn] 19/9/2024 08:16

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).

[bigsi2] 17/9/2024 09:38

Mr Obsessive compulsive is usually conspicuously quiet on share price rises or positive RNS .... Just creams himself on small drops as a rule

[arrynillson] 17/9/2024 07:40

Nice bit of value restoration this morning - will probably stimulate a response from Disgraced Compulsive Liar!

[arrynillson] 16/9/2024 19:34

21633
All time lows.

Value destruction at its finest. AVOID

BlueEagle7
12 Sep '23 - 10:51 - 17822 of 21633
0 1 0

Just another troll like 12bn that didn’t believe CEG would get a farm in with a Super Major!

Didn’t believe it last year destined to make same mistake again- just like 12bn LOL!

[arrynillson] 16/9/2024 16:01

If you accept the deal has value the reduced share price presumably has attraction for those wanting to invest.