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Uruguay: Challenger Energy provides update on the AREA OFF-1 block offshore Uruguay

AIM-listed Challenger Energy, the Caribbean and Americas focused oil and gas company, has provided highlights from its technical assessment of the AREA OFF-1 block, offshore Uruguay. An initial prospect inventory of 1 to 2 billion barrels has been defined from CEG s 2D seismic reprocessing work. The Company s next-step objective is to farm-out to an industry partner(s), so it can fast-track a 3D seismic acquisition. ....

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