Source - Alliance News

Challenger Energy Group PLC - Caribbean and America-focused oil and gas company - Says it is debt-free after fully repaying its short-term £346,500 bridge loan in late October, which went towards redeeming in full the drawn and unconverted balance of a convertible loan note funding facility. Says part of the proceeds of the $3 million sale of Cory Moruga licence onshore Trinidad, announced on Tuesday, were used to repay loan.

Current stock price: 0.060 pence, down 3.7%

12-month change: down 25%

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