Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Challenger Energy Group ( (GB:CEG) ) has provided an announcement.
Challenger Energy Group PLC has announced an update on its sale of operations in Trinidad and Tobago, initially agreed upon in February 2025. Due to a snap-election and subsequent government change in Trinidad and Tobago, the regulatory approval process was delayed, leading to an extension of the sale’s closing date. The company and the buyer have agreed to extend the transaction closure to seven days post-regulatory approval, with a new deadline set for August 30, 2025. Both parties are working collaboratively to ensure a smooth transition of ownership and operations once approval is obtained.
The most recent analyst rating on (GB:CEG) stock is a Buy with a £0.50 price target. To see the full list of analyst forecasts on Challenger Energy Group stock, see the GB:CEG Stock Forecast page.
More about Challenger Energy Group
Challenger Energy is an Atlantic-margin focused energy company with a significant presence in Uruguay, holding two offshore exploration licenses covering 19,000 square kilometers. The company is partnered with Chevron on the AREA-OFF 1 block and is listed on the AIM market of the London Stock Exchange and the OTCQB in the United States.
Average Trading Volume: 419,375
Technical Sentiment Signal: Sell
Current Market Cap: £19.95M
For a thorough assessment of CEG stock, go to TipRanks’ Stock Analysis page.