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Challenger Energy’s strategy is to identify, acquire and appraise material upstream oil and gas
Mercury Stetson Prospect in North Texas, US
Two proven shale formations – Barnett and Woodford
Massive potential gas in place with OGIP estimated at 360 BCF/sq mile
Large prospect area – potentially up to 55,000 acres (86 sq miles)
Prospect is close to existing infrastructure
Contiguous land position of ~ 26,000 acres with a short term target of 35,000 acres.
Triple Crown Prospect in Texas, US
Significant acreage – 45,000 acres with options over a further 6,500 acres.
Large gas charged zones, Ellenburger (dolomite) and an unconventional Hybrid play which is geologically analogous to
Montney Hybrid Play in Western Canada with an estimated OGIP of 9 TCF.
Testing to commence shortly on both the Ellenburger and Hyprid Play
Karoo Basin in South Africa
Shale gas in Karoo Basin now a major focus for international E&P companies (eg Shell, Cheasapeake, Statoil and Sasol)
Challenger Energy’s permit of approx. 800,000 acres centred on only well within basin to flow significant gas to surface to
date, awaiting approval.
Independent US Energy Information Agency report suggests Risked Recoverable Resource of more than 7 TCF in
Attractive assets have exciting potential to grow significant shareholder value