In January 2018, a concession contract was awarded by Paraguayan authorities to the Compania Petrolera Paraguaya for the 7,895 sq km 14-Estrella Parana Block in the Chaco-Parana Basin. In exchange for the award, the company is committed to a seismic acquisition program and the spud of a stratigraphic well over a 30 month period with a projected US$ 4.1 million investment. The block was already under a prospection permit contract previously. <P />
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