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Pin to quick picksChallenger Energy Share News (CEG)

Share Price Information for Challenger Energy (CEG)

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Share Price: 0.14
Bid: 0.135
Ask: 0.145
Change: -0.005 (-3.45%)
Spread: 0.01 (7.407%)
Open: 0.145
High: 0.15
Low: 0.14
Prev. Close: 0.145
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AIM WINNERS & LOSERS: GENinCode shares soar on US approvals

Tue, 03rd Jan 2023 11:07

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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GENinCode PLC, up 67% at 12.92 pence, 12-month range 6.5p-34.95p. The cardiovascular disease-focused predictive genetics company wins licensing approval in California state, as well CLIA certification for its Irvine laboratory in California. This allows its risk assessment products for CVD to be provided to patients in 49 US states. The approval is a "major milestone" in the commercialisation of its polygenic CVD products, CARDIO inCode and LIPID inCode, the firm says.

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Challenger Energy Group PLC, up 11% at 0.10p, 12-month range 0.07p-0.69p. The Caribbean and Americas-focused oil and gas firm notes developments in Uragua, with global oil and gas majors, including Shell PLC, being awarded offshore blocks in proximity to Challenger's Area OFF-1 block. The firm considers the entry of major players into Uruguay, and their commitments to undertake "sizeable and meaningful work programs in the near-term" validates its decision to enter the country in 2020. The developments also "[underscore] the solid technical foundation and excellent value proposition represented by the AREA OFF-1 block," Challenger says. The commitments from oil majors includes 3D seismic acquisition and new well drilling.

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AIM - LOSERS

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Bidstack Group PLC, down 28% at 2.01p, 12-month range 1.8p-6.2p. The in-game advertising platform says Azerion Group NV has decided to terminate its media sales partnership, amid a legal dispute over overdue sums Bidstack maintains are due from Azerion. "Bidstack has taken appropriate external legal advice and has concluded that Azerion has no present entitlement to end the agreement," firm says. Bidstack says it intends to claim damages for unlawful termination.

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Helium One Global Ltd, down 27% at 5.2p, 12-month change 4.96p-15.5p. The Tanzania-focused helium exploration company says the Exalo drill rig in southern Africa will be unable to be mobilised for its Rukwa licence in early 2023. This is due to an extension of the current operator's contract, for a period of "up to twelve months". "The company is reviewing a number of alternative rig options for Phase II Tanzania drilling operations and will announce an updated timeline to drilling once new arrangements have been confirmed," the firm said. CEO David Minchin calls the development "disappointing and frustrating".

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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29 Sep 2023 21:54

EARNINGS: Bens Creek sees "difficult" year; Challenger swings to loss

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

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30 Aug 2023 12:18

Predator Oil & Gas "active on three fronts" as updates on operations

(Alliance News) - Predator Oil & Gas Holdings PLC on Wednesday provided an update to its recent operations, including a rigless testing programme in Morocco, and the sale of the Cory Moruga asset in Trinidad.

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30 Aug 2023 11:28

Challenger Energy establishes £3.3m funding facilitiy

(Sharecast News) - Challenger Energy announced a series of strategic initiatives on Wednesday, most notably the establishment of a £3.3m convertible loan note funding facility.

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30 Aug 2023 10:33

Challenger Energy gets GBP3.3 million facility, updates on asset sale

(Alliance News) - Challenger Energy Group PLC on Wednesday said it secured a GBP3.3 million funding facility, initially drawing down GBP550,000.

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30 Aug 2023 09:54

AIM WINNERS & LOSERS: Instem soars on GBP200 million takeover

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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3 Jul 2023 17:31

TRADING UPDATES: Mycelx wins deal; 88 Energy buys in Texas

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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29 Jun 2023 15:40

TRADING UPDATES: R&Q premiums rise as presses on with separation

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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14 Jun 2023 10:02

Challenger Energy shares up on licence discussions over Guayaguayare

(Alliance News) - Challenger Energy Group PLC shares were up on Wednesday, after it said talks are set to start with the Trinidad energy ministry over an exploration licence for the Guayaguayare block.

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5 Jun 2023 11:05

Challenger Energy expects Area Off-3 licence offshore Uruguay

(Alliance News) - Challenger Energy Group PLC on Monday said it bid for the Area Off-3 licence offshore Uruguay, which it expects to receive in three to four weeks.

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1 Jun 2023 15:35

Challenger reports slow progress on Cory Moruga sale

(Sharecast News) - Caribbean and Americas-focussed oil and gas company Challenger Energy updated the market on the sale of the Cory Moruga licence, onshore Trinidad, on Thursday.

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1 Jun 2023 13:37

IN BRIEF: Challenger extends date for sale of Cory Moruga to Predator

Challenger Energy Group PLC - Caribbean and America-focused oil and gas company - Reaches mutual agreement with Predator Oil & Gas Ltd to extend the date for the sale of the Cory Moruga, in Trinidad,

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31 May 2023 17:37

IN BRIEF: Challenger Energy aims to complete farm-out deal in Uruguay

Challenger Energy Group PLC - Caribbean and America-focused oil and gas company - Updates in relation to the AREA OFF-1 block, offshore Uruguay. Says volumetric assessment of AREA OFF-1's three primary prospects - Teru Teru, Anapero, and Lenteja - has been completed with an assessed estimated recoverable resource of around 2.0 billion barrels (Pmean, unrisked), and over 4.9 billion barrels in an upside case (P10, unrisked). Ongoing technical work has also identified additional new leads and prospects, which once evaluation is complete, are expected to add to the overall AREA OFF-1 resource and prospect inventory. Eytan Uliel, Chief Executive Officer says: "A farm-out process has now commenced, with very strong initial indications of interest received from multiple major oil companies." Continues: "Our target is to complete a farm-out transaction by year end, so that we can continue to rapidly progress work on the block, and thereby generate value for shareholders."

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31 May 2023 13:54

Challenger Energy launches farm-out over Uruguay block

(Sharecast News) - Caribbean and Americas oil and gas company Challenger Energy updated the market on its activities around the AREA OFF-1 block, offshore Uruguay on Wednesday, as it kicked off a farm-out process.

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26 Apr 2023 13:04

Challenger rises on offshore Uruguay technicial report

(Sharecast News) - Caribbean and Americas-focussed oil and gas company Challenger Energy released its technical assessment report on the AREA OFF-1 block, offshore Uruguay on Wednesday.

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26 Apr 2023 12:20

Challenger Energy identifies high-potential prospects in Uruguay

(Alliance News) - Challenger Energy Group PLC on Wednesday said its 2D seismic survey has identified an initial prospect inventory of between 1 and 2 billion barrels of oil for its AREA OFF-1 block, offshore Uruguay.

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