Challenger Energy Group (LON:CEG) offers investors a speculative and lucrative opportunity to gain exposure to Uruguay’s nascent offshore oil industry. The junior explorer has secured a leading acreage position in the South Atlantic country and recently brought in oil major Chevron as a deep-pocketed partner to fund exploration.
Challenger Energy Group plc (LON:CEG) is a Caribbean and Atlantic margin focused oil and gas company, with a range of petroleum assets located onshore in Trinidad and Tobago, and Suriname, and offshore in the waters of The Bahamas and Uruguay.