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BSHPF / Challenger Energy Group raises £5mln in share placing to seal restructuring

Challenger Energy Group raises £5mln in share placing to seal restructuring
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) told investors it has raised £5mln as it confirmed the closing of its recently announced equity fund raise which allows the company to complete its financial restructuring and advance low-risk development programmes in Trinidad and Suriname through 2022 and 2023. The company will issue new shares priced at 0.1p to raise £5mln, £4.3mln in a 'firm' placing and a further £700,000 in a conditional share issue. Read More
Posted: Jan 27 2022, 04:00
Author Name: Proactive Investors
Views: 112078

BSHPF News  

Challenger Energy replaces convertible debt with bridge loan

By Proactive Investors
October 27, 2023

Challenger Energy replaces convertible debt with bridge loan

Challenger Energy has taken out a short-term bridge loan of £346,500 to repay and cancel outstanding convertible loan notes. Key terms of the Bridge more_horizontal

Challenger Energy takes out £3.3 million loan to charge project pipeline

By Proactive Investors
August 30, 2023

Challenger Energy takes out £3.3 million loan to charge project pipeline

Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) has established a £3.3 million convertible loan note funding facility with a UK-based alternative as more_horizontal

Challenger Energy's Uruguay offshore award formally approved by regulator

By Proactive Investors
July 3, 2023

Challenger Energy's Uruguay offshore award formally approved by regulator

Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF), the Caribbean and Americas-focused oil and gas company, has announced that the award of the AREA OFF more_horizontal

Challenger Energy starts licence discussions over Guayaguayare

By Proactive Investors
June 14, 2023

Challenger Energy starts licence discussions over Guayaguayare

Challenger Energy said talks are set to get underway with the Trinidad energy ministry (MEEI) over an exploration licence for the Guayaguayare block, more_horizontal

Challenger Energy is expecting major expansion of its Uruguay exploration footprint

By Proactive Investors
June 5, 2023

Challenger Energy is expecting major expansion of its Uruguay exploration footprint

Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) has told investors it expects to be awarded the ‘AREA OFF-3' licence in Uruguay, to expand its foo more_horizontal

Challenger Energy extends deadline for Cory Moruga asset sale

By Proactive Investors
June 1, 2023

Challenger Energy extends deadline for Cory Moruga asset sale

Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) and Predator Oil have agreed to extend the deadline to complete a deal for the Cory Moruga asset, ons more_horizontal

Challenger Energy eyes growing production and cashflows amidst higher oil prices

By Proactive Investors
March 23, 2022

Challenger Energy eyes growing production and cashflows amidst higher oil prices

Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) told investors that it is putting its full attention is on growing its core business in Trinidad, thr more_horizontal

Challenger Energy rejigs formalities of new equity raise

By Proactive Investors
January 31, 2022

Challenger Energy rejigs formalities of new equity raise

Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) has rejigged the formalities of its equity fundraise to work around regulatory requirements. The comp more_horizontal


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