RE: Chevron-Backed Explorer2 Jan 2025 12:40
Challenger Energy Group
Charlestown Energy Partners, LLC has announced a 3.68% stake in Challenger which if I remember correctly is part of the investment via a loan and equity announced back in May and included the CEO of Sintana Energy, Mr Robert Bose joining the CEG board as a Non-ExecutiveDirector.
The loan has since been converted and Charlestown now have this declared stake in addition to other shares in its stable. The shares look exceptionally cheap on any metrics and with the first farm-out now under its belt, on exceptional terms and with possibly the best partner in the world and much, much more to come CEG is a must have stock for the future.
From malcys blog