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

Thu, 01st Jun 2023 13:37

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,

to August 31. The original intended transaction date was May 30. In December, Predator bought Challenger's 84% interest in Cory Moruga for USD9.0 million. Predator is a Jersey-based oil and gas company with near-term gas operations in Morocco. Predator has noted Challenger's announcement.

Current stock price: 0.10p, down 3.4% on Thursday

12-month change: 16%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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