Like this sentence from the FDI report1 Mar 2024 10:39
Other energy majors that had left Uruguay may return via farm-ins, argues Mr Ferro (energy transition manager at state-owned energy company Ancap), and Challenger is already in talks to bring in other firms...
...then this 3D survy is starting south of the TRP block, and so not including any TRP acreage. It looks like it is surveying Total Energies blocks 013PR and 231ER.
" I saw nothing from the company guaranteeing a farm - out but I did see RNS stating a company had agreed to pay $750,000 for the exclusive data room opportunity.."
When was this RNS posted? I had a quick look at all RNSs for this year and cannot see it.
Interesting - something seems to be driving the share price up substantially this morning. I don't think it is the forthcoming presentation at the end of the month or the JP Morgan increase in shares - those recent RNSs are almost 'non-news'.