REG - Challenger Energy - AIM Rule 17 Schedule 2(g) Update

Challenger EnergyAnnouncement

27/10/2025 17:30

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RNS Number : 9812E  Challenger Energy Group PLC  27 October 2025

27 October 2025

Challenger Energy Group PLC

 

AIM Rule 17 Schedule 2(g) Update

 

Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) ("Challenger" or "the
Company"), discloses the following information pursuant to Rule 17 and
Schedule 2, Paragraph (g) of the AIM Rules for Companies.

 

Prax Exploration and Production PLC ("Prax"), a U.K. incorporated company of
which Iain McKendrick was a non-executive director, was placed into
administration on 29 September 2025, and on the same day a sale of Prax was
announced to Serica Energy PLC. The administration of Prax related to the sale
transaction, which is expected to close in December 2025.

 

Armour Energy Limited ("Armour"), an Australian incorporated company of which
Stephen Bizzell and Eytan Uliel were non-executive directors, was placed into
administration on 10 November 2023, along with several subsidiary entities of
Armour of which Stephen Bizzell and Eytan Uliel were also non-executive
directors, being Armour Energy (Surat Basin) Pty Ltd, Armour Energy (Victoria)
Pty Ltd, McArthur Oil and Gas Limited and McArthur NT Pty Ltd.  Subsequently,
on 22 January 2024, Armour Energy (Surat Basin) Pty Ltd and Armour Energy
(Victoria) Pty Ltd were sold under a Deed of Company Arrangement and exited
administration, and the remaining entities, being Armour Energy Limited,
McArthur Oil and Gas Limited and McArthur NT Pty Ltd, were placed into
receivership, with a final report on the liquidation of these entities issued
on 15(th) September 2025. Unsecured creditor claims, almost entirely from
Armour's majority shareholder (DGR Global Limited) following a sale of
Armour's operating business, totalled approximately A$31.6m; no distribution
was made to unsecured creditors. For further information:
https://www.mcgrathnicol.com/creditors/armour-energy-group/
(https://www.mcgrathnicol.com/creditors/armour-energy-group/)

 

For further information, please contact:

 

 Challenger Energy Group PLC                         Tel: +44 (0) 1624 647 882

 Eytan Uliel, Chief Executive Officer
 Zeus - Nomad and Joint Broker                       Tel: +44 (0) 20 3829 5000

 James Joyce/James Bavister
 Stifel - Joint Broker                               Tel: +44 (0) 20 7710 7600

 Ashton Clanfield / Callum Stewart / Simon Mensley
 Gneiss Energy Limited - Financial Adviser           Tel: +44 (0) 20 3983 9263

 Jon Fitzpatrick / Paul Weidman
 CAMARCO - Financial PR                                Tel: +44 (0) 20 3757 4980

 Billy Clegg / Georgia Edmonds / Emily Hall
 Jonathan Paterson - Investor Relations                Tel: +1 475 477 9401

 jonathan.paterson@harbor-access.com

 

Notes to Editors

 

Challenger Energy is an Atlantic-margin focused energy company, with a current
high-impact position in Uruguay, where the Company holds two offshore
exploration licences, totalling 19,000km(2) (gross) and is partnered with
Chevron on the AREA-OFF 1 block. Challenger Energy is quoted on the AIM market
of the London Stock Exchange and the OTCQB in the United States.

 

https://www.cegplc.com (https://www.cegplc.com/)

 

ENDS

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