AIM Rule 26

Description of Business

Challenger Energy is a Caribbean and Atlantic margin focused oil and gas company, with a primary focus on onshore production in Trinidad & Tobago as well as range of exploration, appraisal, development and production assets and licences, located onshore Suriname and offshore in the waters of Uruguay and The Bahamas and Uruguay, and onshore in Trinidad and Tobago, and Suriname. In Trinidad and Tobago Challenger Energy has five (5) producing fields, two (2) appraisal / development projects and an exploration portfolio in the South West Peninsula. In Suriname, Challenger Energy has an onshore appraisal / development project. Challenger Energy’s exploration licence in each of Uruguay and The Bahamas offer high-impact value exposure within the overall portfolio value.

As an AIM quoted company, Challenger Energy is not required to comply with the requirements of The UK Corporate Governance Code (the “Code”). However, the Board recognises the importance of the high standards of good corporate governance prescribed in this Code and seeks to apply its principles, in so far as practicable, having regard to the Group’s current size, stage of development and resources.  The Board is accountable to the Company’s shareholders and takes account of the Code and the QCA’s Corporate Governance Code for Small and Mid-Size Quoted Companies 2013 to the extent it is considered appropriate.

Challenger Energy’s current corporate governance arrangements are summarised in the Corporate Governance link below.

Challenger Energy is subject to the UK City Code on Takeovers and Mergers.

 

Country of Incorporation and Operations

Challenger Energy Group PLC is incorporated in the Isle of Man with Company Number 123863C, at IOMA House, Hope Street, Douglas, Isle of Man, IM1 1AP. Challenger Energy’s main countries of operation are Trinidad & Tobago, Suriname, Uruguay and The Bahamas.

As the Company is incorporated under the laws of the Isle of Man the rights of shareholders may be different from the rights of shareholders in a company incorporated in the United Kingdom.

 

Details of other exchanges or trading platforms

The Company’s shares are traded on AIM under the ticker code CEG.

 

Details of any restrictions on the transfer of securities

There are no restrictions on the transfer of securities.

 

Company Information

Corporate Responsibility
Background
Board of Directors
Corporate Governance
Company Advisers

Documents & Announcements

Constitutional Documents
Regulatory News
Media Relations

Securities Information

Securities Information

 

Website updated on 4th March 2022.