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Proactive news headlines: Bahamas Petroleum, Genedrive, Skinny Tonic, Plant Health Care...
A glance at the day's highlights from the Proactive Investors newswire
Company
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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A glance at the day's highlights from the Proactive Investors newswire
The chairman said the plans unveiled today will reset the company and its capital structure, including a new £6.9mln equity raise
The explorer has held talks with potential partners following the recent Perseverance well result and is working to formalise a deal.
"Since we acquired our Trinidad and Tobago and Suriname licenses, the team have worked tirelessly to fully understand their significant potential,” said Simon Potter
“Over the coming weeks the company will fully close out the Perseverance-1 operation and set the final timetable for operations elsewhere across the portfolio," Simon Potter said.
Perseverance 1 was the first exploration well in The Bahamas for decades and it has confirmed a petroleum system
“As a respondent to the application BPC will have full standing on the matter in Court, and in a cost sense, the applicants can be held financially accountable if their action turns out to have been without merit"
It was an active week in the junior oil and gas sector
A look back at some of the more interesting stories from London's AIM market this week