IN BRIEF: Challenger Energy progresses Uruguay testing; CFO resigns
4th Nov 2024 12:58
Challenger Energy Group PLC - Atlantic margin-focused oil and gas development - Moves ahead on its work programme for the Area Off-3 block, following the farmout of Area Off-1, both offshore Uruguay. Challenger enters a licence agreement for historic 3D seismic data of Area Off-3 for reprocessing. It expects early outputs from this work by the end of the year, with the work completed in the second quarter of next year. Challenger will pay licence fees of USD1.0 million to USD1.5 million. Read More