Challenger Energy Share Discussion Threads

[arrynillson] 30/10/2024 08:25

“ 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!

[imjustdandy] 30/10/2024 07:58

10 bagger coming

[bad gateway] 30/10/2024 07:31

Take it your funds are still tied up elsewhere 12bn?

[12bn] 30/10/2024 05:36

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.

[12bn] 30/10/2024 05:28

Buy the rumour, sell the news.

[arrynillson] 29/10/2024 20:10

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!

[imjustdandy] 29/10/2024 19:17

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.

[stewart4990] 29/10/2024 16:31

Took another 10000 at the end

[blind man] 29/10/2024 15:39

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.

[trotterstrading] 29/10/2024 14:05

Clear the sellers and we are off

[brettmo] 29/10/2024 11:43

2% rise on that news? This is absurd.

[trotterstrading] 29/10/2024 11:02

Load up while it's cheap

[stewart4990] 29/10/2024 10:46

Anyone here got a link for the telegram group for CEG

[martyn9] 29/10/2024 09:54

I'm sure the tap will be turned on very soon!!

[imjustdandy] 29/10/2024 08:32

Market cap 12m , cash 12m so 40% in for free. Has to start bagging soon

[slingerman] 29/10/2024 08:26

... . $12.5m in bank & 40% stake left to play. No rise? perhaps when USA markets open might get a bit more.

[imjustdandy] 29/10/2024 08:24

Loaded up here 6.4 ish Might need a few days for market to digest . Cash of 12m is in the bank

[brettmo] 29/10/2024 08:21

Very modest rise after recent falls

[bigsi2] 29/10/2024 08:21

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

[arrynillson] 29/10/2024 08:19

Surprise Surprise - share price bounce 12bn MIA!

[arrynillson] 29/10/2024 07:45

Where is the Disgraced Compulsive Liar?

[bigsi2] 29/10/2024 07:05

"The cash received and farmout terms will ensure that our Company is fully funded for the foreseeable future"What no placing !!!?? :)

[bigsi2] 29/10/2024 07:04

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.

[arrynillson] 28/10/2024 11:20

“ 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!