Challenger Gold Ltd (CLLEF)

[Renee]

Challenger Energy Corp. changed to Challenger Exploration Ltd.:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[Renee]

CHQGF changed to CLLEF:

https://otce.finra.org/otce/dailyList?viewType=Additions

[TheGreatDane]

Heavy/Quiet Accumulation ongoing

Trace the dots.

Godspeed, The Great Dane

[True Blue]

Lets get this gap closed

[True Blue]

We've finally rebounded from our lows and we are going into the peak natural gas season.

[True Blue]

Ugh

[MWM]

Challenger Announces Significant Natural Gas Discovery Offshore Trinidad
Aug 13, 2008 8:32:00 AM
View Additional ProfilesCALGARY, ALBERTA--(Marketwire - Aug. 13, 2008) - Challenger Energy Corp. ("Challenger") (TSX VENTURE:CHQ)(AMEX:CHQ), announced today that it has made a significant natural gas discovery with the drilling and production testing of the "Bounty" exploration well.

The "Bounty" exploration well was drilled to a total depth of approximately 17,360 feet and encountered gas bearing horizons with the main targeted zone in the well encountering approximately 200 feet of pay. Initial test results indicate that the "Bounty" well is capable of producing at a rate of approximately 200 mmcf/d from this high pressure zone. The results from the "Bounty" well and interpretations of extensive 3-D seismic data and other data indicate a natural gas resource potential of up to 2.6 TCF of natural gas from the tested structure. During the testing of the "Bounty" well, production testing equipment capacity was maximized resulting in flow testing being restricted to a stabilized rate of 60 mmcf/d of natural gas with a flowing bottomhole pressure of 7186 psi.

The "Bounty" natural gas discovery is the second natural gas discovery Challenger and its partners have made in 2008 on Block 5(c) located approximately 60 miles off the east coast of Trinidad.

The "Bounty" discovery has proven up a large high quality natural gas reservoir that in combination with our extensive 3-D seismic data in the area appears to exceed 7,000 acres in size. The "Bounty" well is estimated to initially produce at approximately 200 mmcf/d of sales natural gas at the anticipated pipeline pressure. This compares favorably with production from the nearest analogous field, Dolphin Deep, where each of the two wells in this field produce at approximately 150 mmcf/d.

Operations are now underway to demobilize the testing equipment, suspend the "Bounty" well for production at a later date, and move the Kan Tan IV semi-submersible drilling rig to drill a third exploration well location on Block 5(c) , the "Endeavour" well, which should spud by the end of August 2008.

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.

[True Blue]

Lets hope there is a run in the stock soon - seems oversold IMO

[TheGreatDane]

$37.50/$5.00PPS = 7.5 bagger within 2 years - not so hard to believe is it? very, very, very possible imo. Aurelian Resources was a 100 bagger in about 10 months, upon news of large gold reserves discovered.

Godspeed

[TheGreatDane]

industry p/e is 12.5, but this is obviously a rapid growth company, so let's conservatively put the p/e at 25, and w/a mere 600 million cubic feet per day, 150 net to CHQ (and assuming WCScenario of only selling locally at $4.00/mcf), we would arrive at $1.50EPS*25 = $37.50 per share easily.

[TheGreatDane]

The Great Dane says:!

The Victory wells combined can flow at a rate of 150 million cubic feet a day. The Bounty wells combined will probably flow at 300 million cubic feet a day. Then the Endeavour well will probably flow at 150 million cubic feet a day. This will be about 150 million cubic feet a day for Challenger Energy. In 365 days, that would be about 55 billion cubic feet a year. That would be about $440,000,000 a year in revenues if it was sold at $8.00/mcf.

If it was sold at lower prices and they only received $220,000,000 for all of it, they would then receive about 40% for earnings which is equal to about $1.50/share from block 5c. They will have drilling on Mayaro, Nova Scotia, Tunisia, and Libya also.

[TheGreatDane]

Prediction on news: Monday the 18th eom

[True Blue]

Still have my head above water with CHQ - waiting patiently

[TheGreatDane]

Much obliged.

in regard to your question, some people are afraid of success, because they aren't familiar with it.

[True Blue]

Great Job on the IBOX!!!!!!!!!!!!

I'd like to know what the hell is holding back the PPS

[True Blue]

No - if I like what Im seeing I'll always buy a little more. So far so good on both my first and second buys

[TheGreatDane]

You aren't worried about averaging up, are you? One of the best traders ever, was adament about not averaging down in most situations, but whole-heartily would average up, and often - Jesse Livermore

Godspeed, TGD

[True Blue]

Bought a few more today at 5.09 which averaged me up a little but I'm still green.

[TheGreatDane]

oh, and......did you happen to see the current unfair, unbelievably low market caps for CHQ/SNG, ROFLMAO............unreal, just wait, just wait my friend

you ain't seen nothin' yet

[TheGreatDane]

SO......!!!!!

SNG SHOULD CURRENTLY, AS IN RIGHT FREAKIN' NOW, THIS VERY MOMENT, IN THE PRESENT, TODAY, THIS MOMENT ON, THIS INSTANT, FROM NOW ON, HAVE A MARKET CAP OF AT LEAST 2.1375 BILLION OR MORE!!!!!!! AND THE SAME TO CHQ REGARDING AT LEAST A 1.1824 BILLION MARKET CAP!!!!!

THE RESERVES ARE 'SIMPLY' THERE, AND LOGIC & SCIENCE & VALUATIONS SAY THAT EVENTUALLY THE MARKET CAPS SHOULD & 'WILL' CORRESPOND TO THE RESERVE AMOUNTS!!!!!!!

[TheGreatDane]

Hello!

I have been...waiting, for results, ya know?!!

EOG has operations in T'n'T, and Mr. Thomas Boone Pickens was kind enough to provide elegant & logical calculations, Enjoy!:
"
Canadian Superior possible market cap
EOG Resources claims 16% of their reserves in Trinidad. The current market cap for EOG Resources from Yahoo! Finance is 29.56 billion dollars. They claim 6.669 trillion feet of gas out of a total of 7.745 trillion cubic feet(179 million barrels of oil makes it 7.745). So the 16% of market cap for Trinidad would be 4.7296 billion dollars. And 16% of 7.745 trillion would be 1.2392 trillion cubic feet in Trinidad.

So, it appears that if this well continues to show results, and there is just 1.25 trillion cubic feet of reserves in block 5c, the market cap would be about 4.75 billion dollars. At a 45% interest, the market cap of Canadian Superior would be 2.1375 billion dollars and the market cap of Challenger with a huge 25% interest would be 1.1824 billion.

So it does look like our stocks have a long way to appreciate if there is 1.25 trillion feet or more on the entire block. They would triple from current prices eventually.

http://www.reuters.com/finance/stocks/companyProfile?symbol=EOGR.MU
"

[True Blue]

EOG? SERIOUSLY?!?!

I know this has the potential to be big but that big? - lol

[True Blue]

Where ya been?

Not happy that PPS has come back in but I'm still in the money so who's complaining?




"One Hand Washes the Other"

[TheGreatDane]

The Great Dane is HERE!

...and The Great Dane says inordinate share price appreciation soon to come! No less than 1.5 TCF at Bounty alone!

failure is 'NOT' an option...and it never 'was' an option

FACT

END OF STORY

p.s. - let's start doing some EOG vs SNG/CHQ comparisons - I think we will be pleasantly surprised!

[True Blue]

Holding up pretty well considering the indicators - accumulation ongoing IMO Only a matter of time before we head higher again

[True Blue]

Looks like NG prices may have peaked in the interim over the last few days but it shouldnt have caused such a large sell off of CHQ shares - nothing but good news going forward IMO Does it really matter whether CHQ sells gas at 10 or 12 or 13? They're still about to start major production and these shares are way undervalued compared to what is about to come to market.

No worries here - I'm just sitting tight

[TheBountyHunter]

Hubsters, let's get some posting going.
I know we're the premiere message board on the web but this exclusive club needs some action. Challenger and Canadian Superior are wreaking havoc with the daytraders today as solid investors keep coming in. I bought some shares of Canadian Superior today at bargain prices.

[TheBountyHunter]

Ye olde tyme Dane is enjoying the festivities but will soon be here to post. In the meantime The Bounty Hunter is forecasting a $12.00+ price very soon. This is based on current logging activities that give us over 800 feet of pay with an extra 217 feet added because of the great results to date.

[True Blue]

I believe we are going higher than 7 mid-term. There's going to be a lot of good news around here for the foreseable future and that will drive these institutions to continue buying us up. We could go to 20 over the next month or so IMO

Im very bullish on CHQ

[bennihana]

Nice retracement earlier in the week. Technically speaking, CHQ should be headed into the mid 7's very shortly.

[TheGreatDane]

Agreed. The amount of reserves this company now has compared to the tiny market cap is simply laughable.

[True Blue]

Still under considerable accumulation - we'll be headed higher again shortly!

[True Blue]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30344825

[True Blue]

Challenger Energy Corp. Announces Logging of Zone of Interest in "Bounty" Well Offshore Trinidad
Thursday June 26, 9:10 am ET


CALGARY, ALBERTA--(MARKET WIRE)--Jun 26, 2008 -- Challenger Energy Corp. ("Challenger") (CDNX:CHQ.V - News)(AMEX:CHQ - News), along with its partners Canadian Superior Energy Inc. ("Canadian Superior") (Toronto:SNG.TO - News)(AMEX:SNG - News), and BG International Limited ("BG"), a wholly owned subsidiary of the BG Group plc (LSE:BGL.L - News), announced today that they are in the process of wireline logging the "Bounty" well on Block 5(c) offshore Trinidad at an interim total depth based on a zone of interest indicated by logging-while-drilling data and mud logs. Wireline logging operations are underway, and initial wireline logging results have shown approximately 200 feet of pay in a well developed sand interval that the logs indicate is hydrocarbon bearing. Following the completion of current wireline logging activities, drilling is expected to resume targeting further objectives in the well, with flow testing of the zone logged to date planned once the well reaches total depth. Logs received to date indicate very encouraging hydrocarbons in the drilled section of the well, prior to Challenger's projected TD of approximately 18,000 feet subsea.
The "Bounty" well was spudded on February 20, 2008 on a separate prospect from the "Victory" natural gas and condensate discovery announced on January 14, 2008, and is located approximately 2.2 miles from the "Victory" well. The "Bounty" well is being drilled by the KanTan IV semi-submersible rig as the second well in a three-well program. The "Endeavour" well is expected to be spudded in August as the third well in the program.

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.

ADVERTISEMENT


Canadian Superior is a Calgary, Alberta, Canada based oil and gas exploration and production company with operations primarily offshore Trinidad and Tobago, offshore Nova Scotia, Canada and in Western Canada. (See Canadian Superior's website at www.cansup.com for information on Canadian Superior).

BG Group plc (LSE:BGL.L - News) is a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. Active in 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with an excellent track record in finding and commercialising reserves. See www.bg-group.com for information on BG Group plc.

This news release contains forward-looking information, including estimates, projections, interpretations, prognoses and other information that may relate to current, past or future production, development(s), testing, well test results, project start-ups and future capital spending. Current, past and/or future actual results and/or reported results, estimates, projections, interpretations, prognoses, well results, test results, reserves, production, resource and/or resource potential, development(s), project start-ups, and capital spending, plans and/or estimated results could differ materially due to changes in project schedules, operating performance, demand for oil and gas, commercial negotiations or other technical and economic factors or revisions. This news release may contain the reference to the terms discovery, reserves and/or resources or resource potential which are those quantities estimated to be contained in accumulations. There is no certainty that any portion of these accumulations or estimated accumulations in this news release may not change materially; and that, if discovered, in any discovery, the accumulations or estimated accumulations may not be economically viable or technically feasible to produce.

Statements contained in this news release relating to estimates, results, events and expectations are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks, uncertainties, scheduling, re-scheduling and other factors which may cause the actual results, performance, estimates, projections, interpretations, prognoses, schedules or achievements of the Corporation, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, those described in the Corporations' annual reports on Form 20-F on file with the U.S. Securities and Exchange Commission.



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[True Blue]

Woohoo!! eom

[TheGreatDane]

so...frenchee...how is the short position working out for you? Just wondering.....

p.s. your t.a. isn't going to work with this company brah.

[True Blue]

Broke out on high volume and retreating under low volume. The chart looks like we are still under considerable accumulation. Shares should continue to climb shortly IMO

Im still up 9% and looking to buy a few more if we retreat below that.

[True Blue]

Get in and hold on tight - institutions are accumulating.

[True Blue]

http://www.nasdaq.com/asp/holdings.asp?FormType=Institutional&symbol=CHQ&selected=CHQ

[True Blue]

Rumor that CHQ has hit eom

[ULTRA]

Closed HOD @ 5.09 with strong bid support

Whoops - market on close order @ 5.08 - still a strong showing for the day

NG @ 13.00


Mathematics is the Language of the Rich

[ULTRA]

Steady back-filling and accumulation upward - seems there is some resistance here but traders arent hesitating to step up to the plate. Cant see this being a good near term short.

[frenchee]

Doesn't matter, TD Ameritrade doesn't have the shares to short anyhow.

[TheGreatDane]

I call your bluff, no one is foolish enough to short CHQ right now.

[ULTRA]

I use TD Ameritrade and own 3000 shares of CHQ - they must be lent out.

[frenchee]

Presently can't short Challenger with TD Ameritrade--no shares available to short...I need more TD Ameritrade customers to buy so they have share to lend...

Thanks for the well wishes on KOL...

[ULTRA]

Well, youre not going to get me to sell. In fact, if it dips I'll buy more.

KOL looks like you might grab a few points on the downside but youre shorting a whole sector which is entirely different than shorting just one stock

Anyway, good luck with KOL - Im not a big enough man to wish you well on your CHQ short - its contrary to my own personal wishes.

[frenchee]

10-4..make most of my $$$ cherry pickin...

Another good short now is KOL #board-11590

[ULTRA]

You want to short this?? Have you looked at the volume the last two days?? I guess it takes all kinds to make a market.


Mathematics is the Language of the Rich

[frenchee]

Anyone have a broker with Challenger shares available to short? Significant resistance around 5.24...