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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Challenger Energy Group Plc | LSE:CEG | London | Ordinary Share | IM00BPLZ1D89 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.55 | 164,564 | 08:00:02 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 5.30 | 5.80 | 5.55 | 5.55 | 5.55 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 4.02M | USD -13.42M | USD -0.0639 | -0.87 | 11.65M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:09:34 | O | 36,000 | 5.5125 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 07/8/2024 | 07:00 | UK RNS | Challenger Energy Group PLC Share consolidation and TVR |
| 30/7/2024 | 15:25 | UK RNS | Challenger Energy Group PLC Results of AGM and Share Capital Consolidation |
| 15/7/2024 | 07:00 | UK RNS | Challenger Energy Group PLC NOMAD and Broker Update |
| 03/7/2024 | 11:55 | ALNC |  EARNINGS: Team in "stable" second half start; Duke Capital profit down |
| 01/7/2024 | 07:00 | UK RNS | Challenger Energy Group PLC Director/PDMR Shareholding |
| 27/6/2024 | 07:01 | UK RNS | Challenger Energy Group PLC NOTICE OF ANNUAL GENERAL MEETING ("AGM") |
| 27/6/2024 | 07:00 | UK RNS | Challenger Energy Group PLC AUDITED ANNUAL RESULTS FOR THE YEAR ENDED.. |
| 28/5/2024 | 07:02 | UK RNS | Challenger Energy Group PLC COMPLETION OF INVESTMENT BY CHARLESTOWN ENERGY |
| 17/5/2024 | 21:11 | ALNC | TRADING UPDATES: Panthera achieves majority stake in Kalaka project |
| 07/5/2024 | 07:00 | UK RNS | Challenger Energy Group PLC STRATEGIC INVESTMENT AND FARM-OUT APPROVAL.. |
Challenger Energy (CEG) Share Charts1 Year Challenger Energy Chart |
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1 Month Challenger Energy Chart |
Intraday Challenger Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/9/2024 | 07:57 | challenger energy group | 21,631 |
| 07/3/2024 | 14:24 | CEG-Official Thread | 64 |
| 15/2/2024 | 06:28 | No Insulting CEG thread. | 32 |
| 09/5/2009 | 08:42 | Education is the future | 2 |
| 19/8/2008 | 14:59 | Corsie Group PLC | 179 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 15/9/2024 09:20 by Challenger Energy Daily Update Challenger Energy Group Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker CEG. The last closing price for Challenger Energy was 5.55p.Challenger Energy currently has 209,881,322 shares in issue. The market capitalisation of Challenger Energy is £11,648,413. Challenger Energy has a price to earnings ratio (PE ratio) of -0.87. This morning CEG shares opened at 5.55p |
Posted at 07/8/2024 10:25 by arrynillson Disgraced Compulsive Liar 12bn - saved you the bother of dusting off your old posts:-arrynillson15 Jun '24 - 16:14 - 21442 of 21582 Edit 0 0 0 Disgraced Compulsive Liar 12bn here’s a selection of your posts which suggest more than a passing interest in a 0.04p share price - including one urging holders to ` get out while they can ’ ! After all these years you still haven’t explained why you want people you don’t know not to buy shares in this company and that holders should sell seemingly irrespective of the company prospects! Note you got it completely wrong about the JV with Chevron - where was the dilutive cash raise 12bn? 12bn 19 Feb '24 - 12:06 - 20419 of 21440 0 0 0 Oh dear,how low can she go? All the way back to 0.04p? 12bn 28 Feb '24 - 07:42 - 20484 of 21440 0 0 0 IMO this will return to the 0.04p once funding news arrives,which I expect very soon. CEG is a serial loss maker of around $175k-$200k a month (see results) and the question holders should have is 'how can they survive without raising cash?' The answer is they cannot,even with a JV for Uruguay (which I doubt they will get since one hasn't arrived in nearly a year of looking for one),CEG will have to raise cash via dilution just to pay its bills/salaries/etc. Imo it is not 'if' dilution comes but 'when' will it come? My guess is very soon. 12bn 31 Jan '24 - 13:43 - 20268 of 21440 0 0 0 IMO the share price could return to 0.04p very quickly after funding news,holders should get out while they can, as after funding news the share price drop will make it virtually impossible to get out at a decent price,all imo. :) |
Posted at 01/8/2024 09:13 by 12bn NO boomboy,I have watched the share price drop after the other two consolidations (Cerp,20:1 and 10:1) and was happy not to be a holder then. This company loses $1m every 5 months ($200k a month)and all it really has is HOPE that large amounts of oil will be found if/when drilling commences. The only certainty is that CEG will raise cash via dilution and that imo the dilution will crash the share price Just imo. :) |
Posted at 30/7/2024 15:42 by bigsi2 Results of AGM and Share Capital ConsolidationThe Company is pleased to announce that at the Company's Annual General Meeting held today, all resolutions were passed. Consequently, the Company will proceed with the share consolidation as advised in the Company's Notice of Annual General.All resolutions were passed, with the poll results as follows: ResolutionFor%Agains |
Posted at 19/7/2024 09:04 by 12bn CEG loses $2.4m a year,$200k a month,no wonder the share price falls. My guess is the 50:1 consolidation followed by a new issue of shares will drop the share price to 0.12p again or even lower. AVOID imo. |
Posted at 02/7/2024 07:23 by 12bn Chevron cash may happen but it is not a cert,losses here are a cert.//////////PrincThe principal terms of the agreement entered into between Charlestown and Challenger Energy are: · On closing, Charlestown will advance a loan of £1.5m to the Company (the "Loan"). · The Loan will have a maximum term of 12 months. · The Loan will accrue interest at the rate of 1% per month, with all principal and interest to be repaid in full at conclusion of the term, unless repaid earlier. · The Loan will be unsecured. · Funds from the Loan are to be applied by the Company for: o the requirement to place US$500,000 on restricted deposit in support of commencement of work on the newly awarded AREA OFF-3 block, and o general working capital purposes, including, in particular, meeting the Company's funding needs through to completion of the previously announced farm-in by Chevron to the AREA OFF-1 block in Uruguay (the "Chevron Farm-in"). · At any time during its term, either Charlestown or the Company can elect for early repayment of the Loan (plus interest), to be made by way of conversion of the Loan into newly issued ordinary shares in the Company, but only if the following conditions have first been satisfied: o the Chevron Farm-in has completed (this is anticipated once Uruguayan regulatory approvals are finalised, which is expected will be in the next 2-3 months; on completion of the Chevron Farm-in, as previously advised, the Company will receive US$12.5 million in gross cash proceeds); and o the Company's shareholders have approved, and the Company has thereafter undertaken, a share consolidation on the basis of at least 50:1 (this being a necessary requirement to enable Charlestown's share custodian to hold shares in the Company). · Assuming the above-noted conditions are satisfied and the Loan (plus interest) is repaid early in the form of newly issued ordinary shares, those will be issued to Charlestown at a price, on a pre-consolidation basis, of 0.168 pence per share, representing a premium of approximately 20% to the current share price, and ordinary shares would be issued to Charlestown representing an equity interest of approximately 8.7% in the Company. This would have the effect of making Charlestown a major shareholder and cornerstone financial investor in the Company. · The Company will issue warrants to Charlestown in respect of provision of the Loan, valid for 24 months from the date of their issue (which will be on or around financial close of the Charlestown investment), which will entitle Charlestown to subscribe for an additional 105 million ordinary shares in the Company at a subscription price of 0.2 pence per share (pre consolidation). This represents a premium of approximately 45% to the current share price. These warrants, if all exercised, would result in the Company receiving total additional proceeds of approximately £215,000, and would result in Charlestown's shareholding in the Company increasing to approximately 9.5%. · The agreement entered into between Charlestown and the Company is in the form of a legally binding Term Sheet. Completion of the transaction with Charlestown will require the parties to enter into full-form legal documentation by 30 April 2024, with financial close to follow by 15 May 2024 (and with a long-stop date of 31 May 2024). · Following financial close, and so as to facilitate the desired cornerstone investment from Charlestown, the Company will proceed to convene a shareholder meeting for the purposes of proposing a share consolidation. It is expected that documentation will be despatched to shareholders in early June 2024, and with the shareholder meeting to follow approximately four weeks thereafter. |
Posted at 27/6/2024 07:38 by bigsi2 NOTICE OF ANNUAL GENERAL MEETING ("AGM")Notice is hereby given that the Annual General Meeting (the "Meeting" or "AGM") of Challenger Energy Group PLC ("CEG" or the "Company") will be held at the Company's registered office at The Engine House, Alexandra Road, Castletown, Isle of Man IM9 1TG on Tuesday 30 July 2024 at 11.00 a.m. British Summer Time, for the purpose of considering and, if thought fit, passing the following resolutions ("Resolutions"):Reso |
Posted at 15/6/2024 16:14 by arrynillson Disgraced Compulsive Liar 12bn here’s a selection of your posts which suggest more than a passing interest in a 0.04p share price - including one urging holders to ` get out while they can ’ !After all these years you still haven’t explained why you want people you don’t know not to buy shares in this company and that holders should sell seemingly irrespective of the company prospects! Note you got it completely wrong about the JV with Chevron - where was the dilutive cash raise 12bn? 12bn 19 Feb '24 - 12:06 - 20419 of 21440 0 0 0 Oh dear,how low can she go? All the way back to 0.04p? 12bn 28 Feb '24 - 07:42 - 20484 of 21440 0 0 0 IMO this will return to the 0.04p once funding news arrives,which I expect very soon. CEG is a serial loss maker of around $175k-$200k a month (see results) and the question holders should have is 'how can they survive without raising cash?' The answer is they cannot,even with a JV for Uruguay (which I doubt they will get since one hasn't arrived in nearly a year of looking for one),CEG will have to raise cash via dilution just to pay its bills/salaries/etc. Imo it is not 'if' dilution comes but 'when' will it come? My guess is very soon. 12bn 31 Jan '24 - 13:43 - 20268 of 21440 0 0 0 IMO the share price could return to 0.04p very quickly after funding news,holders should get out while they can, as after funding news the share price drop will make it virtually impossible to get out at a decent price,all imo. :) |
Posted at 26/4/2024 04:22 by arrynillson 12bn24 Apr '24 - 08:56 - 21218 of 212320 0 0 So everything depends on the Chevron deal completing in SEVERAL months time. This may not complete at all if Chevron decide the 3D seismics don't warrant a completion. This means your shares could end up with very little value at all and several months time things could change a lot. RISKY. arrynillson24 Apr '24 - 10:26 - 21219 of 21232 Edit 0 0 0 Disgraced Compulsive Liar 12bn - there you go again with your lying - why make up this shyte ! The Chevron deal is subject to approval from Uruguay Government, that much is true but why make up that it’s also dependent on seismic ? Always the same 12bn - when you’re on the ropes you become more and more desperate - people on here know that - it’s why you’ve got a FILTER LIST LONGER THAN SCHINDLER! I’m posting up below relevant paragraphs from the RNS dealing with the Chevron deal. The cost of 3D seismic is clearly not cheap, up to $15 million mentioned in the RNS. Try and follow the logic here 12bn, BEFORE Charlestown financing announcement you were telling us daily, sometimes multiple times daily, that CEG were rapidly running out of money. How did you think that CEG would complete 3D seismic, before completion of the Chevron deal LOL!!!!!! · Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business. · Chevron will carry 100% of CEG Uruguay'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 CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay. |
Posted at 18/4/2024 07:50 by 12bn 18 April 2024Challenger Energy Group PLC ("Challenger Energy" or the "Company") STRATEGIC INVESTMENT BY CHARLESTOWN ENERGY Challenger Energy (AIM: CEG), the Atlantic margin focused energy company, is pleased to announce that it has entered into a legally binding term sheet for an investment by Charlestown Energy Partners LLC (together with its affiliates and assignees "Charlestown"). Highlights: · Charlestown will invest £1.5m in the Company, initially in the form of a loan, which upon closing of the AREA OFF-1 farm-out to Chevron and subject to prior completion of an agreed share consolidation shall convert at a fixed price of 0.168 pence per share, being a c. 20% premium to the current share price. This will result in Charlestown holding a c. 8.7% shareholding in Challenger Energy, thus making Charlestown one of the Company's largest shareholders · Charlestown is a New York-based specialist energy investor with a successful track record of making early cornerstone investments in listed exploration companies, most recently as the lead investor in a listed Namibian-focused conjugate margin player · Charlestown Managing Member Mr. Robert Bose to join the Board of the Company · Charlestown's investment ensures the Company's ability to commence technical work on AREA OFF-3 at the earliest opportunity by underpinning the licence requirement to place cash on restricted deposit, ahead of the anticipated completion of the AREA OFF-1 farm-out to Chevron at which time the Company will receive $12.5 million in cash proceeds. Thereafter, Challenger Energy is expected to be fully funded for the foreseeable future, with no need for additional capital, whether equity or debt Eytan Uliel, Chief Executive Officer of Challenger Energy, said: "The strong progress of our business in Uruguay has seen a noted increase in interest from investors familiar with the E&P space who appreciate the value potential of our assets. We are pleased to advise of today's agreement with Charlestown, a specialist energy investor with an enviable track record of successful cornerstone investments in various listed and unlisted E&P companies, including being an early investor in the success story that the Namibian conjugate margin now represents. Charlestown's investment in Challenger Energy will initially be as a loan, but once the Chevron AREA OFF-1 farm-in closes and we have completed a necessary share consolidation that loan will convert at a premium into an approximately 8.7% shareholding, and Charlestown will become a major shareholder in our Company. Charlestown's investment, coupled with our low overhead and the attractive carry arrangements in the Chevron farm-out, puts us in an excellent financial position, with no need for further capital for the foreseeable future. As part of their strategic investment, Charlestown's Managing Member Mr. Robert Bose will be joining our board, and together we will be working to ensure that Challenger Energy provides Charlestown, alongside all shareholders, with the same outstanding return that their investment in the Namibian conjugate margin has". Robert Bose, Charlestown Managing Member, said: "I am very pleased to be joining the Challenger Energy board. Charlestown Energy Partners has been an active investor in global exploration opportunities, including in Namibia where we have developed significant insights into the conjugate margin's opportunity through our exposure to multiple blocks in the Orange and Walvis offshore basins, including PEL83 which is home to the recent multi-billion-barrel light oil discoveries by Galp Energia. We believe over time these results should translate across to the Uruguay conjugate margin. Challenger Energy's unique position in Uruguay, capital strength and upcoming catalysts position the Company for significant growth and value creation over the coming years. We are extremely excited to be part of the Challenger Energy story." About Charlestown: Charlestown is a specialist energy investor that is associated with Charlestown Capital Advisors, a family office founded in New York in 2005. Charlestown has been making investments globally in E&P since 2016 and has been the cornerstone shareholder in Sintana Energy Inc ("Sintana"), a TSX-listed exploration company since 2019. Sintana maintains an indirect interest in a portfolio of exploration licenses in Namibia including in the emerging Orange Basin, where several multi-billion-barrel discoveries have been made by Shell, TotalEnergies and Galp Energia. As a result of its early entry and the subsequent exploration success, Sintana's share price has appreciated more than six-fold in the past two years. Principal Terms: The principal terms of the agreement entered into between Charlestown and Challenger Energy are: · On closing, Charlestown will advance a loan of £1.5m to the Company (the "Loan"). · The Loan will have a maximum term of 12 months. · The Loan will accrue interest at the rate of 1% per month, with all principal and interest to be repaid in full at conclusion of the term, unless repaid earlier. · The Loan will be unsecured. · Funds from the Loan are to be applied by the Company for: o the requirement to place US$500,000 on restricted deposit in support of commencement of work on the newly awarded AREA OFF-3 block, and o general working capital purposes, including, in particular, meeting the Company's funding needs through to completion of the previously announced farm-in by Chevron to the AREA OFF-1 block in Uruguay (the "Chevron Farm-in"). · At any time during its term, either Charlestown or the Company can elect for early repayment of the Loan (plus interest), to be made by way of conversion of the Loan into newly issued ordinary shares in the Company, but only if the following conditions have first been satisfied: o the Chevron Farm-in has completed (this is anticipated once Uruguayan regulatory approvals are finalised, which is expected will be in the next 2-3 months; on completion of the Chevron Farm-in, as previously advised, the Company will receive US$12.5 million in gross cash proceeds); and o the Company's shareholders have approved, and the Company has thereafter undertaken, a share consolidation on the basis of at least 50:1 (this being a necessary requirement to enable Charlestown's share custodian to hold shares in the Company). · Assuming the above-noted conditions are satisfied and the Loan (plus interest) is repaid early in the form of newly issued ordinary shares, those will be issued to Charlestown at a price, on a pre-consolidation basis, of 0.168 pence per share, representing a premium of approximately 20% to the current share price, and ordinary shares would be issued to Charlestown representing an equity interest of approximately 8.7% in the Company. This would have the effect of making Charlestown a major shareholder and cornerstone financial investor in the Company. · The Company will issue warrants to Charlestown in respect of provision of the Loan, valid for 24 months from the date of their issue (which will be on or around financial close of the Charlestown investment), which will entitle Charlestown to subscribe for an additional 105 million ordinary shares in the Company at a subscription price of 0.2 pence per share (pre consolidation). This represents a premium of approximately 45% to the current share price. These warrants, if all exercised, would result in the Company receiving total additional proceeds of approximately £215,000, and would result in Charlestown's shareholding in the Company increasing to approximately 9.5%. · The agreement entered into between Charlestown and the Company is in the form of a legally binding Term Sheet. Completion of the transaction with Charlestown will require the parties to enter into full-form legal documentation by 30 April 2024, with financial close to follow by 15 May 2024 (and with a long-stop date of 31 May 2024). · Following financial close, and so as to facilitate the desired cornerstone investment from Charlestown, the Company will proceed to convene a shareholder meeting for the purposes of proposing a share consolidation. It is expected that documentation will be despatched to shareholders in early June 2024, and with the shareholder meeting to follow approximately four weeks thereafter. Intended Board Appointment Commensurate with the intended long-term cornerstone shareholding in the Company by Charlestown, Mr. Robert Bose will be invited to join the Board. Mr. Bose has been the Managing Member of Charlestown since 2016, having joined Charlestown Capital Advisors as a principal in 2014. Prior, he spent 17 years in the Global Investment Banking Group at the Bank of Nova Scotia, most recently as Managing Director and Head of the Power & Utilities Group, with a specifical focus on the energy and power sectors. Mr. Bose is currently also serving as Chief Executive Officer of Sintana, which as noted represents a significant holding in Charlestown's current portfolio. Mr. Bose has an Honors Degree in Economics from Queen's University in Kingston, Ontario and is a CFA Charterholder. Subject to completion of usual onboarding processes, Mr. Bose's appointment will take effect at such time as funding is advanced by Charleston, anticipated in mid-May 2024. Additional details pertaining to his appointment will be provided at that time. |
Posted at 09/4/2024 14:15 by 12bn Challenger Energy (AIM: CEG), the Caribbean and Americas focused energy company, with production, development, appraisal, and exploration assets in the region, is pleased to announce that it and its wholly-owned Uruguayan subsidiary, CEG Uruguay SA ("CEG Uruguay") have entered into a farm-out agreement with Chevron Uruguay Exploration Limited ("Chevron"), a wholly-owned subsidiary of Chevron Corporation (NYSE: CVX), related to a 60% interest in the AREA OFF-1 block, offshore Uruguay (the "Transaction").The primary terms of the Transaction are: · Chevron will acquire a 60% participating interest in the AREA OFF-1 block, and will assume operatorship of the block. · CEG Uruguay will retain a 40% non-operating interest in the block. · Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business. · Chevron will carry 100% of CEG Uruguay'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 CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay. · Completion and financial close of the Transaction will be subject to the satisfaction of conditions precedent and customary third-party approvals from the Uruguayan regulatory authorities, which are anticipated to take several months to finalise - the parties have commenced engagement with the regulators. |
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