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Challenger Energy on a firm financial footing following £5mln share placing



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Challenger Energy Group PLC chief executive Eytan Uliel joined Proactive's Stephen Gunnion after closing a $5 million equity fund raise which allows the company to complete its financial restructuring and advance low-risk development programmes in Trinidad and Suriname through 2022 and 2023.

Uliel telling Proactive that Challenger has also slashed its cost base, restructured its board and management teams and is on a firm financial footing as it moves forward.
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Management
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