Challenger Energy's transformational first half with Chevron farm-out

Proactive - Interviews for investors

Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) CEO Eytan Uliel talked with Proactive about the company's transformational progress in the first half of 2024, focusing on the successful farm-out deal with Chevron for the OFF-1 block in Uruguay. Uliel emphasised that this agreement is pivotal for the company's future, with Challenger set to receive $12.5 million once the deal closes. He stated, "We will be fully funded for the immediate future," as the company is carried through Chevron's upcoming 3D seismic campaign, planned for early 2024. Uliel also discussed plans for a similar farm-out deal for the OFF-3 acreage, highlighting that technical work is progressing well, with potential well drilling in both blocks over the next few years. Additionally, Uliel addressed the company's core assets in Trinidad and Tobago, where a shift in strategy has seen improved operational efficiencies and cost reductions. Make sure to visit Proactive's YouTube channel for more insightful interviews, and don't forget to like this video, subscribe, and enable notifications for future content! #ChallengerEnergy #ChevronDeal #UruguayOilExploration #EnergyFarmOut #OilAndGas #ExplorationUpdates #3DSeismic #EnergyInvesting #ProactiveInvestors #TrinidadTobago #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews