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Challenger Energy Group ( (GB:CEG) ) has issued an announcement.
Challenger Energy Group has announced progress in its technical work program for the AREA OFF-3 block offshore Uruguay, with significant improvements in seismic data quality. The company plans to commence further analysis and mapping once the reprocessed data is received, and aims to seek a partner through a farmout process in the latter half of 2025.
More about Challenger Energy Group
Challenger Energy is an Atlantic-margin focused energy company, with a significant presence in Uruguay, where it holds two offshore exploration licenses totaling 19,000 km². The company is partnered with Chevron on the AREA-OFF 1 block and is listed on the AIM market of the London Stock Exchange.
YTD Price Performance: 47.90%
Average Trading Volume: 899,724
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £22.71M
For a thorough assessment of CEG stock, go to TipRanks’ Stock Analysis page.
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