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Posted by
Two Blokes Jul 15 -
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Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) says its Uruguay offshore licences are on schedule, with environmental approvals expected to pave the way for three-dimensional seismic surveys over Area OFF-1 in the fourth quarter of 2025 and a farm-out process for Area OFF-3 due to open in September next year. Seismic surveying, a technique that sends sound waves into the earth to map subsurface rock formations, is a critical step before any drilling decision.
