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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: 0.1475
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TRADING UPDATES: Heavitree profit soars; Riverstone net assets rise

Thu, 16th Feb 2023 21:35

(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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UniVision Engineering Ltd - Hong Kong-based CCTV supplier - Says that a winding-up petition by Synnex Technology International HK Ltd was dismissed by the High Court in Hong Kong on February 13. In December, the company also said it had received a winding-up petition brought by an equipment supplier Synnex Technology International HK Ltd, for the contract with MTR Corpor Ltd in the High Court in Hong Kong. Synnex alleges that it is owed around GBP1.4 million by Univision.

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Windward Ltd - Liverpool, England-based maritime predictive intelligence company - Launches a new estimated time of arrival Insights AI capability to provide customers and partners with additional insights into supply chain delays. "The new AI-based iteration of visibility is actionable, and Reasons for Delay is Windward's next step to provide stakeholders with the tools to increase efficiency and decrease cost when it comes to their shipping operations," Chief Executive Ami Daniel says.

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San Leon Energy PLC - oil and gas production, development and exploration in Nigeria - Says that its investee company Decklar Petroleum Ltd received payment for crude oil sale from the Oza oil field in Nigeria, under its contract with Edo Refinery & Petrochemicals Co Ltd. Holds an 11% stake in Decklar. Says that trucking of crude oil continued from the Oza Field to the ERPC. Adds that an additional delivery of 5,000 barrels of crude oil to ERPC was completed last week. Adds that Decklar is "at an advanced stage" of executing a new 150,000 barrels of crude oil sale and purchase deal with ERPC.

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JPMorgan Global Growth & Income PLC - Investment firm - Completes the realignment of its C share portfolio. Says that the C shares will be converted to ordinary shares on a NAV-for-NAV basis, following the completion of the portfolio realignment.

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Various Eateries PLC - London-based chain of restaurants, clubhouses and hotels such as Coppa Club - Confirms that its wholly owned subsidiary Various Eateries Trading Ltd entered into an agreement to reissue its second deep discounted bond with Friends Provident International Ltd. Says the new deep-discounted bond has a subscription amount of GBP10.0 million and the nominal value is GBP10.8 million. Adds that the bond is secured over the business and assets of the company.

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Heavitree Brewery PLC - tenanted and leased pub company based in Exeter, Devon - Says that pretax profit in the year to October 31 doubled to GBP2.3 million from GBP1.1 million a year prior. Revenue rises 58% to GBP7.3 million from GBP4.6 million. Attributes this to a "satisfactory performance" in the second half, following a "steady performance" reported at the half-year. Reinstates a final dividend at a rate of 3.5p per share. Says its programme to sell non-core assets to reduce the level of borrowing will continue and other sites will be considered when they become available.

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Riverstone Credit Opportunities Income PLC - energy infrastructure and energy-transition credit investor - Net asset value per share as at December 31 stands at 108.45 US cents, up 6.4% from 101.92 cents on the same date a year prior. Records a NAV total return was 14.5%, versus the AIC Debt - Direct Lending peer group average of 8.2%. Reports that earnings per share amounted to 14.08 cents per share, tripled from 4.86 cents per share. Says this was driven by high levels of income from its fully invested portfolio. Declares a dividend of 2.0 cents per share for its fourth quarter.

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Challenger Energy Group PLC - Caribbean and Atlantic-margin-focused oil and gas company - Plans to rapidly progress its Uruguay asset 2023. Expects to complete its work commitment for the initial 4-year exploration period early in the second quarter of 2023 in Uruguay. Considers its option to expand activities in Trinidad and Tobago, including new licence applications, mergers and acquisitions, and joint programs with neighbouring operators. Secures an extension to the initial exploration term of the Weg Naar Zee production sharing contract in Suriname. Continues its discussions with the government of Bahamas for the extension of its licences into a third, three-year exploration period. Cash balance as at the start of 2023 were roughly USD2.7 million, the company says.

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Live Co Group PLC - Surrey, England-based live events, entertainment and sports events company - Says that its Chief Financial Officer John Millar left the company, due to "personal reasons" and will not now be appointed as a director. Adds that he will continue to assist the group on a part-time basis. "We thank John for all his hard work and wish him all the best in the future," Chair David Ciclitira comments.

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Creo Medical Group PLC - medical device company - Raises GBP28.5 million through a placing and subscription for 142.5 million ordinary shares at an issue price of 20 pence. Says Cenkos and Numis acted as joint bookrunners. Expects admission of the shares to take place on March 9 at GMT0800. Plans to use the proceeds to maintain momentum in the business and provide it with a pathway to a cash flow breakeven.

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Benchmark Holdings PLC - Sheffield, England-based aquaculture genetics, health and nutrition company - Says that 55% of its shareholders at its annual general meeting on Thursday voted against resolution 15 for the disapplication of pre-emption rights. Says that 56% of its shareholders voted against resolution 16 for additional disapplication of pre-emption rights, regarding acquisitions and specified capital investments. Confirms that it will consult and continue to engage with the relevant shareholders to understand and discuss their concerns for these resolutions.

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Maven Income & Growth VCT 3 PLC and Maven Income & Growth VCT 4 - venture capital trusts - Will utilise over-allotment facility as part of fundraise as "approaching" initial target of GBP5 million. Earlier in February, the duo said the over-allotment facility was worth GBP5 million.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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8 Jun 2022 21:23

TRADING UPDATES: Altona Rare Earths positive on Monte Maumbe project

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

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7 Jun 2022 14:13

Challenger Energy to focus on existing wells for rest of 2022

(Sharecast News) - Challenger Energy updated the market on the work programme for its assets in Trinidad and Tobago and Suriname on Tuesday, confirming that its focus in Trinidad and Tobago was to deliver near-term production growth to both offset natural reservoir decline and to reach average production of 550 to 600 barrels of oil per day by the end of 2022.

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7 Jun 2022 12:05

Predator Oil & Gas starts litigation process against Challenger Energy

(Alliance News) - Predator Oil & Gas Holdings PLC on Tuesday said it has started a litigation process regarding the repayment of an outstanding loan it paid for a terminated project to a subsidiary of Challenger Energy Group PLC.

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27 May 2022 21:52

IN BRIEF: Challenger Energy begins exploration in offshore Uruguay

Challenger Energy Group PLC - Caribbean and Atlantic-margin focused oil and gas company - Says it has completed the formal signing of the petroleum licence offshore Uruguay, which was awarded to the company in May 2020. The AREA OFF-1 licence was awarded prior to an extended period of inactivity due to the Covid-19 pandemic. Consequently, the first 4-year exploration period under the licence has commenced, it notes.

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27 Apr 2022 12:16

TRADING UPDATES: Shearwater to beat forecasts; Immotion in US zoo deal

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

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20 Apr 2022 20:40

TRADING UPDATES: SolGold hails Cascabel; President Energy upbeat

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

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23 Mar 2022 20:54

TRADING UPDATES: Challenger Energy benefiting from oil price spike

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

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25 Feb 2022 15:53

UK shareholder meetings calendar - next 7 days

Monday 28 February 
Alternative Liquidity Fund LtdEGM
Ramsdens Holdings PLCAGM
Sareum Holdings PLCEGM re share consolidation
Tuesday 1 March 
Velocity Composites PLCAGM
Wednesday 2 March 
Ecofin Global Utilities & Infrastructure Trust PLCAGM
Mila Resources PLCAGM
Paragon Banking Group PLCAGM
River & Mercantile UK Micro Cap Investment Co LtdAGM
Thursday 3 March 
Chemring Group PLCAGM
Petro Matad LtdAGM
Zytronic PLCAGM
Friday 4 March 
Asia Strategic Holdings LtdAGM
Challenger Energy Group PLCEGM re equity raise
JPMorgan Russian Securities PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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1 Feb 2022 14:18

IN BRIEF: Challenger Energy switches open offer to broker option

IN BRIEF: Challenger Energy switches open offer to broker option

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27 Jan 2022 12:20

IN BRIEF: Challenger Energy shakes up board as raises GBP5 million

IN BRIEF: Challenger Energy shakes up board as raises GBP5 million

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27 Jan 2022 11:25

AIM WINNERS & LOSERS: Thor Mining, Alien Metals gain on Pilbara finds

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IN BRIEF: Challenger Energy reports widened loss; needs more funding

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1 Nov 2021 10:55

AIM WINNERS & LOSERS: Westmount down on investee's non-commercial find

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27 Sep 2021 11:51

EARNINGS UPDATES: Journeo profit almost doubles; SimiGon loss narrows

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14 Sep 2021 21:25

IN BRIEF: Challenger Energy to delay interim results to end of October

IN BRIEF: Challenger Energy to delay interim results to end of October

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