Source - LSE Regulatory
RNS Number : 9982S
Challenger Energy Group PLC
10 November 2023
 

10 November 2023

Challenger Energy Group PLC

("Challenger Energy" or the "Company")

 

FULL REPAYMENT OF BRIDGE LOAN

Challenger Energy (AIM: CEG), the Caribbean and Americas focused oil and gas company, with a range of oil production, development, appraisal, and exploration assets in the region, is pleased to advise that consistent with the terms of the short-term bridge loan (as per announcement of 27 October 2023), part of the proceeds from completion of the transaction for the sale of the Cory Moruga licence (as per announcement of 7 November 2023), have been applied to repayment of the bridge loan. Consequently, the short-term bridge loan has been fully discharged resulting in the Company becoming debt-free.

 

For further information, please contact:

 

Challenger Energy Group PLC

Eytan Uliel, Chief Executive Officer

Tel: +44 (0) 1624 647 882

WH Ireland - Nomad and Joint Broker

Antonio Bossi / Darshan Patel / Isaac Hooper

Tel: +44 (0) 20 7220 1666

Zeus Capital - Joint Broker

Simon Johnson

Tel: +44 (0) 20 3829 5000

 

Gneiss Energy Limited - Financial Adviser

Jon Fitzpatrick / Paul Weidman / Doug Rycroft

Tel: +44 (0) 20 3983 9263

CAMARCO

Billy Clegg / Hugo Liddy / Sam Morris

  Tel: +44 (0) 20 3757 4980

 

Notes to Editors

 

Challenger Energy is a Caribbean and Americas focused oil and gas company, with a range of oil production, development, appraisal, and exploration assets in the region. The Company's primary assets are located in Uruguay, where the Company holds high impact offshore exploration licences, and in Trinidad and Tobago, where the Company has a number of producing fields and earlier-stage exploration / appraisal projects.

 

Challenger Energy is quoted on the AIM market of the London Stock Exchange. 

 

https://www.cegplc.com 

 

ENDS

 

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