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CEG / Challenger Energy shows fresh estimates that reaffirm ‘multi billion barrel' potential for Uruguay project

Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) has reported new estimates which estimate that in the ‘upside case' its exploration project offshore Uruguay could be host to as much as 4.9 billion barrels of recoverable oil resources. A more conservative ‘base case' estimation identifies a possible 6.5 billion barrels of ‘in place' oil across three prospects (Teru Teru, Anapero, and Lenteja) which corresponds to some 2 billion barrels of recoverable resources. Read More

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Posted: May 31 2023, 03:10

Author Name: Proactive Investors

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