Challenger Energy Group Plc (BSHPF)
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Sintana Energy highlights Namibia success, Uruguay opportunity in Challenger deal
Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) has released a letter to shareholders providing additional details and context about its proposed all-share acquisition of Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF), following the publication of a Scheme Document earlier in the day. The document, available on Sintana's website, outlines the elements of the acquisition and has been distributed to Challenger shareholders.
Sintana Energy to acquire Challenger Energy Group in all-stock deal
Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) announced that it agreed to acquire Challenger Energy Group PLC in an all-stock transaction valued at about C$83.6 million. Under the terms of the agreement, Challenger shareholders will receive about 0.4705 common shares of Sintana for each Challenger ordinary share held.
Challenger Energy to merge with Sintana via premium price all share deal
Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) has agreed to an all-share acquisition by Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF), with a share-based deal valuing the London-listed business at around £45 million (or C$84 million). It will see Challenger shareholders receive 0.4705 new Sintana shares for each Challenger share they own, giving Challenger shareholders around 25% of the combined group.
Challenger Energy eyes 'clear value-creation milestones' ahead
Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) chief executive Eytan Uliel highlighted 'clear value-creation milestones' ahead, as the explorer on Wednesday releases interim results for the six months ended 30 June. It was a key period for Challenger as its transformation into a high-impact explorer continued, including the exit from its interests in Trinidad and Tobago.
Challenger Energy completes Trinidad asset sale
Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) said it has completed the sale of its Trinidad and Tobago business and operations to Steeldrum Ventures Group. The deal, effective 29 August, was finalised after receiving regulatory approvals.
Challenger Energy making 'excellent progress' in Uruguay
Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) says its Uruguay offshore licences are on schedule, with environmental approvals expected to pave the way for three-dimensional seismic surveys over Area OFF-1 in the fourth quarter of 2025 and a farm-out process for Area OFF-3 due to open in September next year. Seismic surveying, a technique that sends sound waves into the earth to map subsurface rock formations, is a critical step before any drilling decision.
Challenger Energy agrees to extend deadline for Trinidad asset sale
Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) has agreed to extend the deadline for closing its previously announced asset sale, as the timeline was disrupted by a snap election in Trinidad and Tobago. In February, it agreed to the sale of its Trinidad and Tobago operations to Caribbean Rex Limited, a joint venture between a subsidiary of Predator Oil & Gas PLC and West Indian Energy Group Limited.
Challenger Energy jumps 9% as Stifel backs outlook after results
Shares in Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) rose 9% after Stifel reaffirmed its 'buy' rating and 50p target price following the company's full-year results. Cash levels came in broadly in line with expectations, reinforcing the view that Challenger remains fully funded for its upcoming work programmes.
Challenger Energy eyes value inflection point after “transformational” year
Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) has now filed results for what it described as “a transformational year”, and a period in which it recentred its business to focus on offshore Uruguay. Moreover, it secured a farm-out transaction with tier 1 operator, Chevron, and significantly advanced its prospects.
Challenger Energy is remarkably busy and fully funded - ICYMI
Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) this week updated investors on its exploration assets in Uruguay, where work is advancing ahead of seismic. The company is fully funded through the end of 2026, following a cash payment received from partner Chevron.
Challenger Energy says its “progressing to plan”
Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) chief executive Eytan Uliel told investors that 2025 is “progressing to plan”. The company, in a statement, said that in Uruguay public consultations are underway for environmental permits needed for 3D seismic work on AREA OFF-1.
Challenger Energy has a very exciting position in an exciting frontier - ICYMI
Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) earlier this week outlined key developments in its offshore exploration portfolio and strategic expansion into the North American capital markets. Offshore Uruguay, where Challenger holds two licenses - OFF-1 and OFF-3 – is seen as a rapidly emerging exploration hotspot along the Atlantic margin.
