Challenger Gold Ltd (CLLEF)

[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.