“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.”
READ THIS WOLVERTON ANALYSIS IN WHICH OUR SHARE PRICE MAY GO ABOVE $30.00!
VICTORY AT VICTORY!!!
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!
DRILLING IN TRINIDAD
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 www.challenger-energy.com for information on Challenger.
Challenger Energy Corp.
CEO and President
(403) 503-8811 (FAX)
Challenger Energy Corp.
Suite 200, 744 - 4th Avenue S.W.
Calgary, Alberta, Canada T2P 3T4
FAIR MARKET VALUATIONS just for T'n'T
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
NEW/APPROPRIATE FAIR MARKET VALUATIONS ADJUSTED FOR MUCH HIGHER NAT. GAS PRICES just for T'n'T
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