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An update from Challenger Energy Group ( (GB:CEG) ) is now available.
Challenger Energy Group has made significant strides in the first half of 2025, notably handing over operatorship of its AREA OFF-1 block in Uruguay to Chevron and preparing for 3D seismic acquisition. The company completed the sale of its Trinidad and Tobago operations, allowing it to focus on Uruguayan assets, which are expected to create substantial near-term value. Financially, Challenger Energy maintains a strong cash position, ensuring funding for planned activities through 2027. The company’s strategic direction is now centered on leveraging its partnership with Chevron and progressing its AREA OFF-3 block through a farmout process.
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 Group PLC is an oil and gas company focused on the Caribbean and Atlantic-margin regions. It has exploration and development assets, particularly in Uruguay, where it holds offshore exploration licenses and partners with Chevron. The company is listed on the AIM market of the London Stock Exchange and the OTCQB in the United States.
Average Trading Volume: 336,217
Technical Sentiment Signal: Hold
Current Market Cap: £19.95M
Find detailed analytics on CEG stock on TipRanks’ Stock Analysis page.