Challenger Energy Nears Completion of Chevron Farm-Out

Challenger Energy Group (GB:CEG) has released an update.

Challenger Energy Group PLC has announced the formal approval by ANCAP of its farm-out agreement with Chevron for the AREA OFF-1 licence in Uruguay, which is now in its final regulatory stage. Anticipating completion in the coming weeks, this marks a significant step for Challenger Energy, enabling Chevron to begin 3D seismic acquisition early in 2025. The company expects this development to be a game-changer, leading to a busy and promising period ahead.

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