Challenger Energy Share Discussion Threads

[alhambra1] 18/4/2024 15:28

The Idiot constantly harps back to CERP - and Lenigas/Ritson, all over a decade ago and total history.

CERP had nothing to do with Uraquay - where CEG will succeed. 12bn, who is senile, lives in the past!

[willec1979] 18/4/2024 15:28

Forget about the past 12bn, you pleb.

The share price is rising, we have the money, we have no debt, we have 3D coming and wells to drill.

Together with this a major on board in Chervon and now a renowned US company building a signififcant interest in CEG.

Looking better every day.

[12bn] 18/4/2024 15:16

There have been 2 consolidations in this share (CEG/CERP) and each one was followed by a share price collapse and shareholder wipeout Mick1909,I suggest that you research CERP.

[12bn] 18/4/2024 15:07

jbt I don't care about what you mind,just read the RNS /////· Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, ////////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, ////// The info is there for all to see. I see that was your first post since Jan 2021 so what name have you used since?

[willec1979] 18/4/2024 13:59

Perfect 7.5p will allow more big institutions to invest which at the moment they can't do as we trade under 1p. Things are looking so so positive here and into the future for CEG plc. When the consolidation to 7.5p happens we could be traing in £'s in the next year or 2 especially when drilling starts.

If the unrisk value is 7.1p at the moment a 50:1 on that would be 357p per share if we find oil.

Happy to hold and see what happens.

GREAT TIMES AHEAD!!!!!

[mick1909] 18/4/2024 13:50

At current price the 50:1 consolidation will be 7.5p/share

[willec1979] 18/4/2024 13:24

Sad to say this to the losing trolls, but today's news just gives you an indication that the big institutions are ready to come in and buy stock once this is over 1p which the consolidation will confirm.

[jbt2007] 18/4/2024 12:31

12bn, your comment about 3D seismics is not relevant. Please confirm your source for the opposition to oil exploration in the government of Uruguay.

I don't mind opposing arguments on the merits or otherwise of the investment case but at least post facts rather than made up nonsense

[blind man] 18/4/2024 12:20

that is 1% compound per month that is 12.68% for the term.

[arrynillson] 18/4/2024 11:46

Disgraced Compulsive Liar 12bn - there you go again with your lying ( post 21116 ) - 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!

[alhambra1] 18/4/2024 11:31

Yes - that was some deal CEG got from CHEVRON.

And there'll be another one for OFF-3 to an oil major.

Maybe CHEVRON again, as Charlestown knows them....

☺️

[12bn] 18/4/2024 10:52

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.

[12bn] 18/4/2024 10:51

Found it TIMBERRRRRRRRRRRRRRRRRRRRRRRRrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr. The point here is CEG has raised some cash to keep it going until it gets the Chevron $12.5m in a few months,at best but if the deal doesn't go through due to bad 3D seismics or the Uruguayan government opposition then CEG are screwed. This is just a gamble on the company getting the Chevron cash and that is not certain.///////////· 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.

[trotterstrading] 18/4/2024 10:47

Wry happy with today's news.. should see a nice upward trajectory now

[12bn] 18/4/2024 09:46

Oh dear down again,now where did I put my TIMBERRRRRRRRRRRRRRRRRRrrrrrrrrrrrrrrrrrr?

[zxie] 18/4/2024 09:17

Strong buy

[alhambra1] 18/4/2024 09:14

12bn - the Idiot - has clearly lost any ounce of sanity he had left. And had become even more disgruntled, cantankerous and irrational.

Having lost heavily during the CERP days, spending 10 years here badmouthing CEG - and missing out again by having no interest in Uraquay.


☺️

[12bn] 18/4/2024 08:59

BigStupid2,the LIAR who has me filtered LOL. How is your 0.19p buy doing? I half expected that you would have enough brains to get out on the spike but you have just proved to be just a thicko and awful trader! Fancy selling at 0.06p and then buying back in at 0.19p,what a MORON.

[alhambra1] 18/4/2024 08:54

hxxps://cegplc.com/2024/03/18/why-the-conjugate-margin-in-uruguay-and-southern-brazil-may-have-even-more-to-offer-than-the-orange-basin-in-namibia/

[bigsi2] 18/4/2024 08:49

Here's hoping that one day ... albeit after 10 years Mr obsession finds a worthwhile alternative to posting on CEG BB.perhaps volunteering at a local mental health clinic. Demonstrating to others that recovery IS POSSIBLE

[12bn] 18/4/2024 08:43

Down again I see. Losing $175k-$200k a month the $1m loan won't go far and results could arrive at any time.//////////- Excluding Trinidad, the Company's net cash spend during 1H 2023 was approximately $2.3 million. Of this, approximately $1.2 million was in relation to the Company's AREA OFF-1 licence in Uruguay ($0.5 million retained as restricted cash collateral for the work program performance bond, and the balance of $0.7 million spent on accelerated and expanded technical work program as described earlier in this report). The remainder $1.1 million largely reflects the Company's corporate overheads and miscellaneous expenses, reflecting a corporate overhead run rate ranging between $175,000 and $200,000 per month.