Challenger Energy Group Plc (BSHPF)
OTC GREY OTC GREY Primary Summary
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 Group Plc (BSHPF) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Challenger Energy Group Plc ever had a stock split?
Challenger Energy Group Plc Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Eytan Michael Uliel BA, LLB CEO | OTC GREY Exchange | - ISIN |
| Isle of Man Country | - Employees | - Last Dividend | 7 Aug 2024 Last Split | - IPO Date |
Overview
Challenger Energy Group PLC specializes in the oil and gas sector, focusing on the development, production, appraisal, and exploration of oil and gas properties. Originally founded as Bahamas Petroleum Company plc, it underwent a strategic rebranding to Challenger Energy Group PLC in May 2021. This repositioning reflects its expanded ambition and scope within the energy sector. With its establishment in 2005, the company has cemented its presence and now holds significant working interests in various key geographic locations. The headquarters of Challenger Energy Group PLC is strategically located in Castletown, Isle of Man, enabling it to efficiently manage its operations across different regions.
Products and Services
- AREA OFF-1 and AREA OFF-3 Blocks in Uruguay
Challenger Energy Group PLC holds 100% working interests in two significant exploration blocks in Uruguay: AREA OFF-1 and AREA OFF-3. These blocks cover expansive areas of approximately 14,557 square kilometers and 13,252 square kilometers, respectively. These assets represent the company's foray into South American energy markets, focusing on untapped oil and gas reserves with significant potential for discovery and development.
- Producing Fields in Onshore Trinidad
The company also operates three producing fields located onshore Trinidad. These fields are part of Challenger Energy Group PLC’s production portfolio, contributing to its output and revenues. Trinidad, known for its rich hydrocarbon resources, offers Challenger Energy an advantageous position in the Caribbean energy markets. The onshore fields in Trinidad signify the company's successful expansion into production and underscore its competence in managing and maximizing output from its assets.
Contact Information
