Challenger Energy secures 1.5m strategic investment from Charleston Energy Partners
–News Direct–
Challenger Energy Group PLC CEO Eytan Uliel joins Proactive's Stephen Gunnion with details of a 1.5 million strategic investment from Charleston Energy Partners, a New York-based fund connected to a family office since 2005 and involved in energy investments since 2016.
Uliel highlighted Charleston's understanding of Challenger Energys operations and strategy. The funds are intended to support immediate working capital needs and enable progress on a new block in Uruguay, even before a major deal with Chevron is finalized. This Chevron partnership, pending approval by Uruguayan regulators, promises a 12.5 million influx that will sustain Challenger Energys operations for an extended period.
Uliel said Charleston Energys contribution extends beyond financial i...