All tagged Challenger Energy ASX:CEL
Challenger Exploration (ASX: CEL) has announced that, following its Prospectus lodged May 16, it has closed an oversubscribed public offer raising its maximum of $5,000,000 by the issue of 166,666,667 Shares at $0.03 each. The Company has lodged its application to ASX for reinstatement to quotation.
Challenger Energy Limited (ASX: CEL) has released its half-year report for the six months to December 2018, with the company continuing to pursue its application for shale gas exploration rights in South Africa. As previously indicated, there appears to be newfound political momentum, with an important decision made to abandon the long delayed MPRDA Amendment Bill and fast track a new piece of legislation specific to the petroleum industry.
New life has been breathed into Challenger Energy (ASX: CEL) after the company announced this morning it had entered into an agreement to wholly acquire AEP Corporation, en entity which holds the rights to earn a 75 per cent stake in the Hualilian project in Argentina and wholly buy the El Guayabo project in Ecuador.
Challenger Energy (ASX: CEL) says it continues to pursue its application for shale gas exploration rights in South Africa. In its December quarter report, the company reaffirmed there appears to be new-found political momentum in SA, with an important decision made to abandon the long-delayed MPRDA amendment bill and fast-track a new piece of legislation specific to the petroleum industry.
Challenger Energy (ASX:CEL) has provided an update on its activities for the three months to September, as it continues to pursue its application for shale gas exploration rights in South Africa. Challenger is encouraged by recent developments in this regard by the election of Cyril Ramaphosa as President in February 2018 and a number of key changes in cabinet announced shortly thereafter.
Challenger Energy (ASX:CEL) has provided the market with an update on its activities during the June quarter, as positive momentum in South Africa continues following recent elections and key cabinet changes. The country's minister of mineral resources has made statements of intent to fast-track the finalisation of the shale gas exploration rights applications, while there have been reports that the department has appealed the Eastern Cape High Court's decision to set aside the technical regulations.
Challenger Energy (ASX:CEL) has provided the market with an update on its activities in South Africa, as well as a planned capital raising. The company notes continued positive momentum in South Africa, following the election of Cyril Ramaphosa and key cabinet changes with progress on the MPRDA Amendment Bill. Challenger is also planning to undertake a 1:4 non-renounceable rights issue to raise about $973,000, with major shareholders to take up their entitlements.
Challenger Energy (ASX:CEL) has released its results for the December quarter, as the company continues to assess a significant number of potential projects and pursue a number of opportunities.
Challenger Energy (ASX:CEL) has reported its June quarter activities, with the South African Government inching slowly on a number of fronts towards a position that will allow meaningful shale gas exploration to occur. The Government has developed a strategic framework tool for assessing projects and is also moving forward with amendments to the MPRDA Amendment Bill, with a stated aim of completion by December.
Challenger Energy (ASX:CEL) has responded to South African media speculation, following reports that the Government intends to proceed with shale gas development. The Mineral Resources Minister indicated during interviews that the amendments to the Mining & Petroleum Resources Development Act will be finalised by June and that shale gas developments would be supported.