Company
Challenger Energy Group PLC
LON:CEG
Challenger Energy Group PLC is an Atlantic-margin focused energy company, with production, development, appraisal, and exploration assets in the region. The company's primary assets are located in Uruguay, where it holds two high impact offshore exploration licences, totalling 19,000km2 (gross) and is partnered with Chevron on the AREA-OFF 1 block.
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Challenger Energy rockets as it replaces convertible debt with bridge loan
“Today's transaction will also mean that the item of most concern to our shareholders about the previous convertible facility is removed"
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Today's Oil and Gas Update: Challenger Energy Group, I3 Energy, and more...
Market Update: 31 May 2023LON:CEG - Farm-out process commencesLON:I3E - New financing facilityLON:ITH - Concern over UK policyEnergy NewsBrent Oil US$72.8/bbl vs US$75.8/bbl yesterdayWTI Oil US$68.6/bbl vs US$71.6/bbl yesterdayHenry Hub Gas
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Today's Oil and Gas Update: Challenger Energy Group, and more...
Market Update: 26 April 2023LON:CEG - Farm-out process to launch imminentlyLON:HBR - Kan oil discovery in MexicoEnergy NewsBrent Oil US$80.8/bbl vs US82.8/bbl yesterdayWTI Oil US$77.4/bbl vs US$79.0/bbl yesterdayHenry Hub Gas US$2.25/mmBtu
Challenger Energy eyeing rapid progress in Uruguay for 2023 as funding not an issue
Challenger will turn its attention to its Uruguay projects this year in a bid to access the "most obvious" growth potential
Challenger Energy Group sees volumes improving after tougher rainy season in Trinidad
"We plan for a certain level of disruption each year during the rainy season, but during the third quarter we experienced considerably more than expected," said the company's chief executive Eytan Uliel
Challenger Energy reports higher production and prices
“These results are due to a dedicated focus on managing the Trinidadian asset portfolio prudently and efficiently"
Challenger Energy names Gagan Khurana acting CFO after Timothy Eastmond resigns
The company is focused on the Caribbean and Atlantic margin, with a range of exploration, appraisal, development and production assets and licences
Challenger Energy welcomes entry of Shell and APA into Uruguay
Uruguay's state-owned petroleum company said the bids were the first ones by leading oil and gas companies for 10 years
Challenger Energy says will 'vigorously defend' any Predator Oil & Gas legal claims
Yesterday the company laid out plans for the remainder of 2022, meanwhile, Predator issued a statement saying it planned to initiate legal proceedings
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Malcy's Blog - Oil price, Zephyr, Challenger, Savannah, Predator.
WTI $118.50 -37c, Brent $119.51 -21c, Diff -$1.01 +16c.USNG $9.32 +80c, UKNG 145.2p -8.77p, TTF €80.105 -€2.453Oil priceA slight fall yesterday following announcements that Eni and Repsol had been authorised to ship Venezuelan crude to Euro
Challenger Energy to focus on improving production from existing well stock for remainder of 2022
“We have re-evaluated every single aspect of the Trinidad operations, to see how best we can clear legacy items, drive efficiencies, and deploy precious capital in the most effective, production-growth oriented manner,” said Eytan Uliel.
Challenger Energy begins exploration phase offshore Uruguay
“For very low cost we were able to secure an exploration licence of an extremely high quality, with a greater than 1-billion-barrel recoverable resource potential,” said chief executive Eytan Uliel
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Malcy's Blog - Oil price, Genel, Touchstone, Predator. And finally…
WTI $105.71 +$5.95, Brent $107.51 +$5.05, Diff -$180.0 -90c, NG $7.64 +25c, UKNG 195.45 +22.45pOil priceOil had a big rally, a shortage is slowly appearing around the world particularly in products as shown by the EIA inventory stats.Genel
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Malcy's Blog - Flash blog Challenger, Angus, GKP.
Flash blog Challenger, Angus, GKP.A flash blog today as I am presenting in town this morning.LON:CEGChallenger has provided the following update on its Trinidad and Tobago business unit’s operating results for Q1 2022:Total gross oil produc
Challenger Energy reports 'encouraging' first quarter amid rising oil prices
“This encouraging first-quarter result reflects a renewed focus on routine operations, stringent cost control, and the committed efforts of everyone in the Challenger Energy team,” said CEO Eytan Uliel
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Malcy's Blog - Oil price, Challenger, Hunting, Hurricane, President. And finally...
Oil price, Challenger, Hunting, Hurricane, President. And finally…WTI $102.56 -$5.65, Brent $107.25 -$5.91, Diff -$4.69 -26c, NG $7.18 -64c, UKNG 175.0p +10.5pOil priceOil had a sharp fall yesterday as the IMF brought down its GDP numbers a
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Small Cap Feast - Challenger Energy Group, Eckoh, Kefi Gold and Copper, and more...
20th April 2022*A corporate client of Hybridan LLPDish of the dayJoiners:No joiners today.Leavers:No leavers today.What’s cooking in the IPO kitchen?Lift Global Ventures plc to join AQSE Growth Market. The Company's investment strategy is t
Challenger Energy lifts production with well recompletions
"The turnaround of our Trinidad and Tobago business unit is proceeding according to plan," said Eytan Uliel
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Malcy's Blog - Challenger, Petrofac.
Challenger, Petrofac.A flash blog today as I’m in the smoke seeing the movers and shakers…LON:CEGChallenger has provided the following activity update and work programme guidance.HighlightsGiven the current strong oil price environment, the
Challenger Energy eyes growing production and cashflows amidst higher oil prices
“The higher oil price environment creates an even greater imperative to increase production and maximise every barrel of oil sold," Challenger chief executive Eytan Uliel said
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Small Cap Wrap - Challenger Energy, Cornish Metals, Redx Pharma, and more...
10 March 2022*A corporate client of Hybridan LLPDish of the dayJoiners:Majestic Corporation plc (AQSE:MCJ), has joined AQSE Growth Market. Majestic is a profitable business recycling precious and non-ferrous metals from obsolete mechanical
Challenger Energy unveils new head of operations for Trinidad and Tobago
"Sohan [Ojah-Maharaj[ brings a wealth of oil field production experience to bear - both in Trinidad and the broader region - as well as deep business networks in Trinidad and Tobago."
Challenger Energy raises £2.3mln via broker option share sale
“We have worked with our broker and financial adviser to ensure that all demand from existing shareholders will be met.”
Challenger Energy Group raises £5mln in share placing to seal restructuring
“The final step required to place the company back on a firm financial footing was a recapitalisation," said chief executive Eytan Uliel.
Challenger Energy says balance sheet restructuring cuts debt by 85%
Shares jumped 21% as the oil and gas company said it has cut its payables, debts and potential liability exposure from US$22mln to US$2.5mln
Challenger Energy shares fall as it confirms capital needs
“The company is presently operating with a balance sheet characterised by an unacceptably high level of historic liabilities and payables. The immediate priority during the remainder of 2021 is for this to be addressed.”
Challenger Energy receives key HSE certification in Trinidad
It has been certified for a two-year period, the maximum available
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The Pay Zone - Oil price, Challenger, Scirocco. And finally…
Oil price, Challenger, Scirocco. And finally… WTI $67.54 +$1.90, Brent $71.05 +$2.30, Diff -$3.51 +40c, NG $3.90 -5c, UKNG 114.6p +7.4p Oil price My comments yesterday on the vaccine, Mexico and the weaker dollar all contributed to another
Challenger Energy says Saffron-2 rates are commercial to date, optimisation efforts continue
“We are already selling the oil being produced, so for the immediate future the plan is to maximise production revenues," said chief executive Eytan Uliel
Challenger Energy has "reinvigorated” talks with potential farm-in partners as it sifts new Bahamas well data
Its licence sits in the Southern Territorial Waters off the Bahamas
Challenger Energy advances Saffron-2 to testing phase
Clean-up is expected to last a few days before testing operations step up
Challenger Energy prepares Saffron-2 well for production testing
The well could add 200 to 300 barrels of oil per day, according to pre-drill estimates
Challenger Energy hits target depth with Saffron-2 well
Production testing is scheduled to start on 23 July
Challenger Energy progresses towards strategic objectives
The firm will shortly complete and production test the Saffron-2 well in Trinidad
Challenger Energy reports 200 feet of net pay at Saffron-2 well
Drilling is continuing to a target depth of 4,557ft, at which both Lower Cruse sections will be logged
Proactive weekly Oil & Gas highlights: Challenger Energy, i3, Eco Atlantic, Zephyr, Mosman, TomCo, Block Energy, Scirocco
It was another active week in the small-cap oil and gas sector.
Challenger Energy says analysis shows oil bearing reservoir in Saffron-2 well
“Drilling continues towards the primary Lower Cruse reservoir targets, where the ultimate producibility of the well will be determined,” said Eytan Uliel.
Challenger Energy confirms further success in Saffron-2 well
The top and middle sections of the well have so far met expectations, and, drilling it now continuing in the intended lower section of the well.
Proactive Oil & Gas weekly round-up: Challenger Energy, United Oil & Gas, Mosman, Jersey, i3 Energy, TomCo
It was a short but active week for the small-cap oil and gas sector.
Challenger Energy says first sections of Saffron-2 well are in-line with expectations
“Thus far, everything is as we would have hoped it would be, both geologically and operationally," said Eytan Uliel.
Challenger Energy appoints Eytan Uliel as CEO
“We are making steady progress on our plan to reset the company both strategically and corporately, with a view to positioning the business for future growth," said Eytan Uliel.
Challenger Energy Group PLC kicks off Saffron-2 well
“This is an exciting start for Challenger Energy Group, as we take the first step in our longer-term strategy," said Eytan Uliel.
Challenger Energy completes name change from Bahamas Petroleum
The company said its shares began trading under the new name and ticker at 8am on Friday
Bahamas Petroleum Company to sell shares in placing as open-offer closes
Ahead of the Saffron well new shares are being sold at a price of 0.35p
Bahamas Petroleum adds former BP Trinidad chief to board as Saffron well spud date approaches
Trinidad is becoming increasingly important to the company, not least because of the imminent spudding of the Saffron well
Bahamas Petroleum starts countdown to Saffron well drilling
The company - soon to be renamed as Challenger Energy Group - is slated to start drilling at Saffron on or around May 23
Proactive Oil & Gas weekly highlights: Bahamas Petroleum, Providence Resources, ADM, Union Jack, 88 Energy, Deltic, Advance Energ, Mosman
It was another active week in the small-cap oil and gas sector.