Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) told investors it has repaid the short-term bridge loan entered into in October from proceeds received in the sale of the Cory Moruga licence.
“The short-term bridge loan has been fully discharged resulting in the company becoming debt-free,” the company said in a statement.
Challenger sold the Cory Moruga asset earlier this week.