2nd Apr 2025 11:20
Challenger Energy Group PLC - Caribbean and America-focused oil and gas company - Starts trading on OTCQB Venture Market in US. "Trading of the company's ordinary shares on the OTCQB offers significant benefits to investors, including enhanced access to trading for US investors and potentially greater liquidity due to a broader geographic pool of potential investors," Challenger Energy says.
Chief Executive Officer Eytan Uliel says: "Since closing our farmout agreement with Chevron [Corp] for the AREA OFF-1 block in Uruguay, we have seen a steady rise in interest in our company from North American investors - a natural development given the geographic location of our assets and the identity of our principal partner. Trading on the OTCQB is expected to enhance the company's visibility, broaden our reach, and drive greater engagement with US investors who are well placed to understand the significant upside value potential inherent in Challenger Energy at this time."
Current stock price: 10.66 pence each, up 4.0% on Wednesday morning in London
12-month change: up 58%
By Tom Budszus, Alliance News slot editor
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