Challenger Energy Group Plc (BSHPF)
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Challenger Energy set to add OTC quote in the US market
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) has been approved to start trading on the OTCQB Venture Market in the United States, in a move intended to enhance access for US-based investors and improve liquidity. On the OTC, the shares will trade under the ticker symbol "BHSPF".
Challenger Energy is a pure play on “the last unexplored frontier basin” - broker
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) is a ‘buy' as the pure play on Atlantic margin exploration goes after “the world's last unexplored frontier basin”, that's according to analysts at Stifel. With a price target pitched at 50p per share, the stockbroker reckons Challenger can be worth close to five times more than its current price on the AIM-market suggests.
Challenger Energy set for significant news flow, says Zeus
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) progress in Uruguay should “herald a period of significant news flow”, that's according to analysts at Zeus Capital, which sees substantial upside to the current price. The stockbroker, in a note, today repeated a net asset value of 27p – versus a market price of 9.42p.
Challenger Energy is improving its view of OFF-3
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) continues to make progress towards a farm-out process for the OFF-3 Block at the back end of 2025, as it is gaining a better understanding of the exploration area. Today, in a stock market statement alongside a summit in London, it highlighted progress of its technical work – with the reprocessing of seismic data now nearly complete.
Challenger Energy CEO on farm-out, chevron and deals - ICYMI
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) CEO Eytan Uliel talked with Proactive about the company's strategic shift following the sale of its remaining operations in Trinidad and Tobago. Uliel explained that this move allows Challenger Energy to fully focus on its high-impact offshore exploration in Uruguay, where it has a robust program planned for the next 18 months.
Challenger Energy agrees sale of Trinidad and Tobago business
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) has agreed to sell its Trinidad and Tobago operations, in a deal worth up to $8 million. Initially, the asset sale is priced at $6 million, but it can rise to $8 million subject to the performance of the production assets (if output exceeds 750 barrels of oil per day by the end of 2027).
Challenger Energy boss says the firm's in ‘its best financial position for years'
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) chief executive Eytan Uliel told investors that heading into 2025 it is focussed on advancing exploration activities in Uruguay, optimizing our portfolio, and continuing to execute on our business strategy. In a ‘letter to shareholders, distributed as a press release, the company described 2024 as a “transformative year” and said it is excited for 2025 and beyond.
had begun a seismic reprocessing work programme for its AREA OFF-3 block
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) deal with Chevron and its new separate farm-out process in Uruguay should “herald a period of significant news flow”, that's according to Zeus Capital. Analyst Daniel Slater says the broker has a positive outlook for the share, with a ‘total risked NAV' of 27.8p per share.
Challenger Energy starts reprocessing seismic for OFF-3, ahead of new farm-out process
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) told investors it had begun a seismic reprocessing work programme for its AREA OFF-3 block offshore Uruguay. It follows a recently deal to gain access to historic seismic data.
Challenger Energy is excited about its “pretty clear trajectory” for the coming years - ICYMI
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) CEO Eytan Uliel this week talked with Proactive about the company's transformational progress in the first half of 2024, focusing on the successful farm-out deal with Chevron for the OFF-1 block in Uruguay. Uliel emphasized that this agreement is pivotal for the company's future, with Challenger set to receive $12.5 million once the deal closes.
Challenger Energy results cheer “excellent progress” led by Uruguay farm-out
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF), in its annual results statement, described a period of “excellent progress”. “We did what we said we would do and we delivered most of what we promised we would deliver,” chief executive Eytan Uliel said in a statement.
Challenger Energy receives £1.5mln investment from Charlestown Energy
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) has received a £1.5 million investment from Charlestown Energy Partners. This previously announced investment brings Robert Bose, managing member of Charlestown, onto Challenger's board as a non-executive director.
