Brief: Challenger Energy To Sell Cory Moruga License

Challenger Energy

20/12/2022 08:04

Dec 20 (Reuters) - Challenger Energy Group PLC  CEG.L :
    * CHALLENGER ENERGY GROUP PLC - ENTERED INTO A BINDING HEADS
OF
TERMS WITH PREDATOR OIL & GAS HOLDINGS PLC AND RELEVANT
SUBSIDIARY ENTITIES
    * CHALLENGER ENERGY GROUP PLC -HEADS OF TERMS FOR
CONDITIONAL SALE
OF COMPANY'S INTEREST IN NON-PRODUCING CORY MORUGA LICENCE IN
TRINIDAD
    * CHALLENGER ENERGY - UP TO US$9M AGGREGATE VALUE
PROPOSITION FOR
CO OF US$2M IN STAGED CASH CONSIDERATION, US$1M IN CONTINGENT
CASH CONSIDERATION

Source text for Eikon:  ID:nRST2067Ka 
Further company coverage:  CEG.L 
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