Challenger Energy Group Ord Shs BSHPF

Energy Oil & Gas E&P

Challenger Energy Group PLC is an Atlantic margin focused energy company, with production, development, appraisal, and exploration assets in the region. Its portfolio of assets is focused on the Atlantic margin. The Company’s primary focus is on its high-impact Uruguay exploration acreage. The Company also has onshore production assets in Trinidad, and legacy exploration assets in The Bahamas. The Company’s primary assets are located in Uruguay, where the Company holds two high impact offshore exploration licenses, totaling 19,000 square kilometers (km2) (gross) and is partnered with Chevron on the AREA-OFF 1 block. Its blocks are AREA OFF-1 and AREA OFF-3. It is the operator of three producing fields, all onshore Trinidad. Across these fields there are a total 250 wells, of which approximately 60 are in production at any given time. Its assets include Goudron, Inniss-Trinity, and SWP. It is the 100% holder of four conjoined exploration licenses offshore The Bahamas.

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Challenger Energy Group Ord Shs

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Post by Ebenizer3on Jun 03, 2024 7:20pm

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Here's a good update of what's happening...

https://www.directorstalkinterviews.com/challenger-energy-ceo-on-strategic-charlestown-investment-and-future-growth-plans-video/4121159017

comments:

The consolidation happening around July, no mention of what it's going to be, but did say Charlestown paying a premium. At which when the farm-out with Chevron is official Charlestown loan becomes a 8.7% shareholder.

The farm-out with Chevron is progressing and should be official in a couple of months. With Chevron expected to want to shoot 3D seismic with the earliest weather window around November.

License OFF-3 starts June 7, with work on the current 2D and 3D and other technical to start soon, and farm-out process starting in early 2025.

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