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DRILLING

Petrel gets oil confirmation in Uruguay

PETREL Energy has received confirmation from its partner and operator of its Uruguay operations, Schuepbach Energy International, that the Cardozo Chico corehole has encountered oil shows.

Bianca Bartucciotto

The Cardozo is the shallower of the two holes being drilled to assess the hydrocarbon potential of the Piedra Sola block. More detailed analysis of the core samples is being undertaken in the US. Strong...

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