Would love more UK stocks like this.
Me too. Let’s get the votes going.
Agree lets get this added
This is now called Challenger Energy CEG
Might be worth checking. £13m market cap.
Around £11m cash (got $12.5m from Chevron on farm out completion see below)
Has circa 300 Bopd production in Trinidad.
Free carry for work from Chevron.
2nd asset ready for farm out. Could be first half next year.
It’s silly cheap here imo. And look at the majors surrounding these blocks. It’s like another Orange Basin. Could be another like SEA this
Presentation below.
Here’s a good recent article
Well this one went better / faster than I expected since posting. Still holding and reckon it is still undervalued medium / long term. I’ll hang on and see what news comes on the seismic that’s due, and second asset farm out. If it’s another big gun like Chevron, market should take notice.
This is not Bahamas petroleum any longer, its name changed to Challenger Energy. For admins