Bahamas Petroleum becomes Challenger Energy Group plc

Bahamas Petroleum, a Caribbean and Atlantic margin focused oil and gas company, announced that it has changed its name to Challenger Energy Group plc.This development follows the passing of all resolutions at the company’s extraordinary general meeting on May 17, the business highlighted. The company said it’s ISIN and SEDOL remain unchanged and confirmed that shareholdings will be unaffected by the change of name.

Challenger Energy Group plc said that the existing share certificates should be retained by shareholders holding ordinary shares in certificated form as they will remain valid for all purposes. The company’s new ticker is CEG and its website address has been updated to reflect its name change.

Eytan Uliel, Challenger Energy Group Inc chief executive officer designate said that with the spud of the predicted Saffron-2 appraisal is just days away, the company is pleased that in addition to the successful completion of our fundraising as announced on May 20, shareholders at the EGM supported all of our broader corporate reset objectives, including the change of name of the company to Challenger Energy, which has now taken effect.

The chief executive officer added that as Challenger Energy, our immediate strategic priority is to drive production and cash flow growth, through intelligent management and deployment of our resources. The company’s change in name and the broader corporate reset currently underway, is in support of this strategic priority, which we see as the lynchpin for shareholder value growth both in the near term and in the years ahead. All of us at Challenger Energy look forward to beginning the next chapter.Challenger Energy has a range of exploration, appraisal, development, and production assets and licenses located onshore in Trinidad and Tobago, Suriname, and offshore in the waters of The Bahamas and Uruguay, its website highlights. The company’s head office is located in the Isle of Man.