Aim Bulletin

Challenger farms out Uruguay block interest to Chevron

By Josh White

Date: Tuesday 29 Oct 2024

(Sharecast News) - Challenger Energy announced on Tuesday that it has completed the farm-out of a 60% interest in its AREA OFF-1 block offshore Uruguay to Chevron.

The AIM-traded firm said that with the transaction now legally effective, it had received an immediate cash payment of $12.5m and retained a...

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