Challenger Energy Group plc (LON:CEG) has advised that on 5 March 2025 the Company’s Uruguay Managing Director, Mr Randolph Hiscock, will be presenting an update on the ongoing technical work program for the Company’s AREA OFF-3 block, offshore Uruguay, at the annual Business Exploration Opportunity Summit (BEOS) conference in London. A copy of Mr. Hiscock’s presentation has been made available on the Company’s website, www.cepgplc.com.
Highlights from Mr. Hiscock’s presentation are:
· The technical work program for the AREA OFF-3 block is progressing well, with the full depth reprocessing of 1,250km2 of AREA OFF-3 seismic data nearly complete. Initial outputs from the ongoing reprocessing are demonstrating a significant uplift in imaging quality and data fidelity.
· Once the final reprocessed 3D seismic data for AREA OFF-3 is received by the Company, work can commence on seismic interpretation and associated AVO and gather analysis, and thereafter on mapping and portfolio volumetric assessment.