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The latest announcement is out from Challenger Energy Group ( (GB:CEG) ).
Challenger Energy Group has provided an operational update indicating steady progress in 2025, with plans for 3D seismic acquisition in Uruguay’s AREA OFF-1 and technical work on AREA OFF-3. The company is also advancing the sale of its Trinidad business and has secured sufficient funding for its operations through 2026. The exercise of warrants will result in the issuance of new shares, reflecting a stable financial position despite market challenges.
More about Challenger Energy Group
Challenger Energy Group PLC is an Atlantic-margin focused energy company with significant operations in Uruguay, where it holds two offshore exploration licenses in partnership with Chevron. The company is listed on the AIM market of the London Stock Exchange and the OTCQB in the United States.
YTD Price Performance: 44.00%
Average Trading Volume: 510,190
Technical Sentiment Signal: Hold
Current Market Cap: £22.11M
See more insights into CEG stock on TipRanks’ Stock Analysis page.