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Pin to quick picksChallenger Energy Share News (CEG)

Share Price Information for Challenger Energy (CEG)

London Stock Exchange
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Share Price: 0.1475
Bid: 0.145
Ask: 0.15
Change: 0.0025 (1.69%)
Spread: 0.005 (3.448%)
Open: 0.15
High: 0.15
Low: 0.1475
Prev. Close: 0.1475
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AIM WINNERS & LOSERS: musicMagpie jumps on "record" Black Friday

Thu, 14th Dec 2023 10:37

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

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AIM - WINNERS

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musicMagpie PLC, up 23% at 14.12 pence, 12-month range 10.50p-46.00p. The used-technology reseller says that full-year revenue is expected to be GBP136.6 million in the financial year ended November 30, down from GBP143.3 million. It says that a "record" Black Friday has helped to off-set a softer first half. As a result of the gross margin increase and ongoing tight cost control, as well as the strong end to the year, earnings before interest, tax, depreciation and amortisation is expected to be up 15% at GBP7.5 million from GBP6.5 million. Chief Executive Officer & Co-Founder Steve Oliver says: "We are pleased with the performance of the Group in the second half of the year, and are delighted that our focus on profits and cash has delivered significant Ebitda growth."

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Challenger Energy Group PLC, up 8.3% at 0.13p, 12-month range 0.035p-0.14p. The oil and gas company says it has completes the Area Off-1's minimum work programme, "well ahead of schedule." "This week has been extremely significant for the emerging Uruguayan offshore exploration sector, and highlights how exciting we think the next few years will be," says CEO Eytan Uliel.

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AIM - LOSERS

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EnSilica PLC, down 19% at 37.50p, 12-month range 37.50p-118.40p. The semiconductor designer and supplier says it has conditionally raised GBP1.6 million through a placing of 3.9 million shares priced at 40p each. EnSilica says that with its potential sales pipeline now estimated at USD360 million, the net proceeds of the placing will be used to support the tender and execution of new and higher levels of activity. CEO Ian Lankshear says: "We are delighted that our shareholders have continued to support our growth ambitions as we seek to capitalise on a number of exciting opportunities. We are particularly pleased to be investing in expanding our operational footprint internationally and to further leverage our standing as a leading European mixed signal semiconductor manufacturer."

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By Sophie Rose, Alliance News senior 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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