BPC URUGUAY HOLDINGS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company meets its day to day working capital requirements by the support of CEG Plc, its parent undertaking through the following actions: i) Not seeking the repayment of amounts advanced to the Company by CEG Plc, and/or other members of the Parent group unless adequate alternative financing has been secured by the Company; and ii) Advancing further amounts to the Company as required by the Company. The Director believes it is appropriate to prepare the financial statements on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future on the basis of the Company's plans and the continued support of the parent undertaking. The Company is reliant on the CEG Group to provide ongoing financing and has received a letter of support from CEG PLC confirming its intention to continue to provide this support for the foreseeable future.”

Group structure

1. BPC URUGUAY HOLDINGS LIMITED · parent
   1. CEG Uruguay S.A. 100% · Uruguay · oil and gas exploration
   2. CEG Off-3 Uruguay S.A. 100% · Uruguay · oil and gas exploration

Significant events

• “On 6 March 2024, CEG Uruguay S.A successfully farmed out the AREA OFF-1 block to Chevron, securing full carry of 3D seismic campaign costs and 50% of initial exploration well costs, plus a $12.5 million cash payment to Challenger Energy Group Plc, positioning AREA OFF-1 for significant progress with reduced financial risk.”
• “During 2024, the Company formalised the AREA OFF-3 license, starting an initial four-year exploration period for the highly prospective 13,252 km² area off the Uruguayan coast, with technical work on 3D seismic data reprocessing commencing in anticipation of a formal farmout process targeted for mid-2025.”
• “On 18 February 2025, the CEG Group announced a transaction for the sale of Columbus Energy (St. Lucia) Limited, representing its Trinidad and Tobago business, for $6 million (potentially up to $8 million), subject to shareholder and regulatory approvals by 30 April 2025.”
• “On 27 March 2025, CEG Group shareholders approved the Trinidad and Tobago sale transaction at an extraordinary general meeting.”
• “On 2 April 2025, CEG Group's ordinary shares were approved to trade on the OTCQB Venture Market under "BHSPF".”
• “On 6 May 2025, the CEG Group and the buyer extended the completion date for the Trinidad and Tobago sale to 30 June 2025, due to administrative uncertainty from a snap-election.”
• “On 1 July 2025, the CEG Group and the buyer further extended the completion date for the sale transaction to seven days after regulatory approval, with a revised longstop date of 30 August 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.