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Created: 01/16/2008 10:21:40 PM - Followers: 1 - Board type: Free - Posts Today: 0

“These are the voyages of the Challenger Enterprise, it's continuing mission to explore vast, abundant and luscious new acreage, to seek out new reserves and new resources, to boldly go where no company has gone before.”



A Toast - Here's to the best of the best - To the best management team and the best investors, goes the best Drink and the Finest Women! Godspeed! 



The "Bounty" well is the second in a series of three wells being drilled on "Intrepid" Block 5(c) located approximately sixty miles east of the coast of Trinidad in water depths of approximately 1,000 feet. The "Bounty" well follows the successful drilling and extensive production testing of the nearby "Victory" natural gas and condensate discovery well, also located on Block 5(c). The series of three wells located on the "Intrepid" Block 5(c) are targeting three structures that potentially contain over four tcf of undiscovered resources of natural gas.

Challenger is participating in the initial exploration program on "Intrepid" Block 5(c) by paying one-third of the costs of the initial three wells to earn a 25% interest in the production sharing contract covering Block 5(c).

Challenger Energy Corp. is a Calgary, Alberta, Canada based oil and gas exploration company which is currently focusing on "high impact" oil and gas plays offshore the Republic of Trinidad and Tobago. See for information on Challenger.

Challenger Energy Corp.
Dan MacDonald
CEO and President
(403) 503-8810
(403) 503-8811 (FAX)

Challenger Energy Corp.
Suite 200, 744 - 4th Avenue S.W.
Calgary, Alberta, Canada T2P 3T4

1TCF = 7,000,000,000 revenues
1TCF = 2,000,000,000 market cap minimum
block 5c projected 4tcf = 8,000,000,000 * 25% interest to chq = 2 billion current/discounted/fair market value market cap divided by 50 million shares = $40.00 current Intrinsic Value pps minimum

2 divided by 7 = 28.6% -> revenues-to-market cap
now, let's use current $12 gas price (instead of $7 above) -> $12*28.6% = $3,430,000,000 market cap for 1 TCF
3,430,000,000 * projected 4tcf minimum = $13,720,000,000 * 25% interest to chq = $3,430,000,000 divided by 50 million shares
=$68.6 current Intrinsic Value pps minimum

 *******************Research = Knowledge = Conviction *******************

Trinidad oil & gas map w/lots of information!

British Gas (our joint venture partner!) T'n'T information:

A Guaranteed Market for our gas! READ -- In addition, under the terms of the Production Sharing Contract (PSC), upstream companies are bound to commercialize their natural gas within a specific time frame or face the penalty of relinquishment or payment of holding fees. This means that any future commercial discoveries of natural gas in Trinidad and Tobago’s waters will find a market.

RESERVES - WOWSERS! What is striking and of great interest to Trinidad and Tobabo is the same survey ranks the region (from the east
coast of South America to the Caribbean in the north) as potentially having the third largest volume of undiscovered oil and gas, behind only the Middle-East and countries of the former Soviet Union. The report stated" "Specifically, the USGS estimates mean totals of 105 billion barrels of oil and 487 trillion cubic feet of gas of undiscovered resource in the region."
Close to Trinidad and Tobago, the report referred to the Tobago Trough and the East Venezuela Basin, "estimated to contain 23 percent of all undiscovered non-associated gas". More than half this estimated total lies offshore Trinidad in the Columbus Basin and the Orinoco offshore," the report added. "The potential for giant fields is mainly offshore in water depths to 3,600 meters. In fact, Central America, South America and the Caribbean are poised to be hydrocarbon success stories."

R U all ready for the MG BLOCK!?
The TSP fields were discovered between 1968 and 1972 and were producing by 1974. Peak production of 144,000 barrels a day occurred in 1977. To the end of 2004, some 834 million barrels of oil have been produced from the fields.
*one of the fields was near mayaro called 'poui', as can be seen on the map above!

READ - READ - READ! New boss of BG T&T speaks of nearby Dolphin reserves being increased three-fold!!!!!!!!!!
In addition, we have recently partnered with Canadian Superior to look at some exploration prospects further east of our Dolphin platform. We are drilling the first well at the moment and we have two more wells to drill there, but we also extremely optimistic that those wells will be successful.”

He steered clear of giving an estimate of BG’s successful Dolphin field, which was reported to have more reserves than was initially estimated.

“I will report it this way. I was the operations geologist working at Dolphin. The size of the field has increased three-fold today than when I first looked at it ten years ago,” he laughed.

"In other words, producers like bpTT, BGTT and EOG Resources Trinidad clearly prefer to "hoard" their gas for the LNG market, where Awong predicts prices between US$ 7 and US $10 per million British thermal units (mmbtu) will prevail for the foreseeable future, rather than commit it to domestic petrochemical demand.

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#58 Challenger Energy Corp. changed to Challenger Exploration Ltd.: Renee 01/14/2021 04:28:55 PM
#57 CHQGF changed to CLLEF: Renee 01/13/2021 06:42:48 PM
#56 Heavy/Quiet Accumulation ongoing TheGreatDane 11/14/2008 02:10:41 PM
#55 Lets get this gap closed True Blue 09/30/2008 11:53:17 PM
#54 We've finally rebounded from our lows and we True Blue 09/22/2008 06:23:01 PM
#53 Ugh True Blue 08/19/2008 09:30:43 PM
#52 Challenger Announces Significant Natural Gas Discovery Offshore Trinidad MWM 08/13/2008 09:51:24 AM
#51 Lets hope there is a run in the True Blue 08/11/2008 11:36:20 AM
#50 $37.50/$5.00PPS = 7.5 bagger within 2 years - TheGreatDane 08/10/2008 02:31:16 AM
#49 industry p/e is 12.5, but this is obviously TheGreatDane 08/10/2008 02:07:40 AM
#48 The Great Dane says:! TheGreatDane 08/10/2008 02:03:03 AM
#47 Prediction on news: Monday the 18th eom TheGreatDane 08/10/2008 01:47:40 AM
#46 Still have my head above water with CHQ True Blue 08/09/2008 10:04:22 PM
#45 Much obliged. TheGreatDane 08/09/2008 02:12:59 AM
#44 Great Job on the IBOX!!!!!!!!!!!! True Blue 08/07/2008 10:05:38 PM
#43 No - if I like what Im seeing True Blue 07/30/2008 07:57:52 PM
#42 You aren't worried about averaging up, are you? TheGreatDane 07/30/2008 01:44:26 AM
#41 Bought a few more today at 5.09 which True Blue 07/28/2008 04:03:55 PM
#40 oh, and......did you happen to see the current TheGreatDane 07/16/2008 03:15:06 AM
#39 SO......!!!!! SNG SHOULD CURRENTLY, AS IN RIGHT FREAKIN' NOW, TheGreatDane 07/16/2008 03:07:07 AM
#38 Hello! I have been...waiting, for results, ya know?!! TheGreatDane 07/16/2008 03:02:45 AM
#37 EOG? SERIOUSLY?!?! True Blue 07/16/2008 02:46:01 AM
#36 Where ya been? True Blue 07/16/2008 02:31:22 AM
#35 The Great Dane is HERE! TheGreatDane 07/16/2008 01:55:55 AM
#34 Holding up pretty well considering the indicators - True Blue 07/15/2008 12:37:16 AM
#33 Looks like NG prices may have peaked in True Blue 07/09/2008 09:22:54 PM
#32 Hubsters, let's get some posting going. TheBountyHunter 07/08/2008 02:17:14 PM
#31 Ye olde tyme Dane is enjoying the festivities TheBountyHunter 07/04/2008 08:28:02 PM
#30 I believe we are going higher than 7 True Blue 07/04/2008 03:58:14 PM
#29 Nice retracement earlier in the week. Technically bennihana 07/02/2008 10:23:54 PM
#28 Agreed. The amount of reserves this company now TheGreatDane 07/02/2008 01:50:41 PM
#27 Still under considerable accumulation - we'll be headed True Blue 07/01/2008 06:06:04 PM
#26 True Blue 06/28/2008 04:16:19 AM
#25 Challenger Energy Corp. Announces Logging of Zone of True Blue 06/27/2008 08:20:06 PM
#24 Woohoo!! eom True Blue 06/27/2008 05:23:43 PM
#23 is the short position working out for TheGreatDane 06/27/2008 01:47:53 AM
#22 Broke out on high volume and retreating under True Blue 06/19/2008 05:50:46 PM
#21 Get in and hold on tight - institutions True Blue 06/17/2008 01:02:37 PM
#20 True Blue 06/17/2008 12:13:35 PM
#19 Rumor that CHQ has hit eom True Blue 06/17/2008 09:38:08 AM
#18 Closed HOD @ 5.09 with strong bid support ULTRA 06/16/2008 04:01:12 PM
#17 Steady back-filling and accumulation upward - seems there ULTRA 06/16/2008 03:26:42 PM
#16 Doesn't matter, TD Ameritrade doesn't have the shares frenchee 06/13/2008 03:00:08 PM
#15 I call your bluff, no one is foolish TheGreatDane 06/13/2008 02:39:06 AM
#14 I use TD Ameritrade and own 3000 shares ULTRA 06/12/2008 11:05:37 PM
#13 Presently can't short Challenger with TD Ameritrade--no shares frenchee 06/12/2008 10:55:46 PM
#12 Well, youre not going to get me to ULTRA 06/12/2008 10:37:40 PM
#11 10-4..make most of my $$$ cherry pickin... frenchee 06/12/2008 10:19:49 PM
#10 You want to short this?? Have you looked ULTRA 06/12/2008 10:13:16 PM
#9 Anyone have a broker with Challenger shares available frenchee 06/12/2008 08:49:16 PM
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