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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: 0.145
Bid: 0.14
Ask: 0.15
Change: -0.0005 (-0.34%)
Spread: 0.01 (7.143%)
Open: 0.1475
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Prev. Close: 0.1455
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EXECUTIVE CHANGES: Tekmar hires former Kromek CFO; Redx chair departs

Tue, 01st Jun 2021 15:51

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

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Tekmar Group PLC - provider of technology and services for offshore energy markets - Hires Derek Bulmer as new chief financial officer. Sue Hurst, the current CFO, steps down from the role on Tuesday but will remain on the board for a transition period. Bulmer was CFO and in-house counsel for AIM-listed radiation detection technology firm Kromek Group PLC from 2010 until last year. Prior to Kromek, he had worked at brick maker Ibstock PLC, among other employers. Tekmar also announced its annual results on Tuesday. For the 12 months ended March 31, it swung to pretax loss of GBP2.5 million from a profit of GBP2.0 million the year before, on revenue which declined 29% to GBP29.1 million from GBP40.9 million.

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Redx Pharma PLC - Macclesfield, England-based discovery of treatments for cancer and fibrotic disease - Chair Iain Ross steps down as a director immediately "to pursue other business opportunities". Redx makes Independent Non-Executive Director Peter Presland the interim chair as it starts search for new chair. "Iain has been the lynchpin in the turnaround of Redx, and we are very grateful for his innumerable contributions as chairman over the last four years," says Chief Executive Officer Lisa Anson. Ross says he remains "a supportive shareholder".

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Chamberlin PLC - West Midlands-based castings and engineering - New CEO Kevin Price and new Finance Director Alan Tomlinson join the board on Tuesday. Non-Executive Director Trevor Brown moves to executive director, responsible for company strategy, effective immediately, while David Flowerday resigns as non-executive director from Monday.

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Challenger Energy Group PLC - assets in Bahamas, Uruguay, Trinidad & Tobago and Suriname, previously known as Bahamas Petroleum Co PLC - Eytan Uliel formally takes up role as CEO. Simon Potter steps down as CEO but remains as non-executive director. Stephen Bizzell joins board as non-executive director, replacing Ross McDonald.

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Longboat Energy PLC - North Sea-focused exploration and production - Hires Nick Ingrassia as corporate development director. Ingrassia had joined Longboat back in September. Among other roles, he had worked at Faroe Petroleum PLC, whose former management team are behind Longboat Energy. Ingrassia's appointment comes alongside Longboat's announcement on Tuesday of three acquisitions to develop an exploration drilling programme on the Norwegian continental shelf. The acquisitions will be accompanied by a GBP35 million equity raise and are classified as a reverse takeover of Longboat under AIM rules.

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Trustpilot AS - Copenhagen-based online consumer reviews platform - Hires Joe Hurd as independent non-executive director. California-based Hurd is an independent public board director and adviser.

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India Capital Growth Fund Ltd - invests directly, or indirectly, in companies based in India - Hires Lynne Duquemin as non-executive director, effective immediately, as successor to Peter Niven, who will retire from the board at the end of 2021. Duquemin is a Guernsey resident with "deep experience of investment management and advisory services".

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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29 Sep 2023 21:54

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

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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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