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Earnings Preview For Sep 28 - Oct 2 - Earnings Preview

Sat, 26 Sep 2009 05:03:14 GMT

Five S&P 500 companies are confirmed to report: Constellation Brands (STZ), Darden Restaurants (DRI), Jabil Circuit (JBL), Nike (NKE) and Walgreen (WAG). A total of 27 companies are on the calendar.[More...]

First Week of June Bursting Out with Good News

Sat, 06 Jun 2009 17:37:00 GMT

It was a week that was flush with positive news stories. 1. Personal income in April was reported to rebound sharply. Personal income jumped 0.5 percent in April far better than the forecast by most economists for a 0.2 percent drop. House investor's rental income also spiked up 3.1 percent after several months of decline. The combination of higher overall income and cuts in personal income taxes from

Challenger's shares continue to trade on the TSX Venture Exchange, where suspension and delisting is currently prevented by the CCAA Order.

Challenger Energy Corp. is a Calgary, Alberta, Canada based oil and gas exploration company focusing on exploration Block 5(c) offshore the Republic of Trinidad and Tobago.

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Challenger Energy Corp. Obtains Court Order for CCAA Protection

Sat, 28 Feb 2009 01:46:00 GMT

Challenger Energy Corp. ("Challenger" or "Company") (TSX VENTURE: CHQ) (NYSE Alternext US: CHQ) announces that it obtained an order today from the Court of Queen's Bench of Alberta, Judicial District of Calgary for protection under the Companies' Creditors Arrangement Act (Canada).
Alger & Associates Inc. was appointed monitor under the order.
The order permits Challenger to remain in possession and control of its property, carry on its business, retain employees and other service providers and continue with its previously announced process to evaluate the various strategic alternatives available to the Company, including a sale of Challenger or its assets.

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Challenger Hits Main Target Zone and Updates Progress on 'Endeavour' Well Drilling Offshore Trinidad

Mon, 29 Dec 2008 17:35:00 GMT

- Challenger Energy Corp. announced today that Challenger, along with its partners, Canadian Superior Energy Inc. and, BG International Limited , a wholly owned subsidiary of the BG Group plc having drilled the "Endeavour" well offshore Trinidad to a depth of approximately 17,063 feet subsea in the final section of the well and into the main target zone for the well, have decided to re-drill the final section of the well with a mechanical sidetrack. Further drilling in the previously drilled final section is no longer practicable due to well bore damage that occurred during recent well control operations. Well control operations were initiated to manage an uncontrolled flow into the well that occurred during regular drilling operations while changing out a worn drill bit.[More...]

Challenger Hits Main Target Zone and Updates Progress on 'Endeavour' Well Drilling Offshore Trinidad

Mon, 29 Dec 2008 17:34:00 GMT

CALGARY, ALBERTA -- -- 12/29/08 -- Challenger Energy Corp. announced today that Challenger, along with its partners, Canadian Superior Energy Inc. and, BG International Limited , a wholly owned subsidiary of the BG Group plc having drilled the 'Endeavour' well offshore Trinidad to a depth of approximately 17,063 feet subsea in the final section of the well and into the main target zone for the well, have decided to re-drill the final section of the well with a mechanical sidetrack. Further drilling in the previously drilled final section is no longer practicable due to well bore damage that occurred during recent well control operations. Well control operations were initiated to manage an uncontrolled flow into the well that occurred during regular drilling operations while changing out a worn drill bit.[More...]

Challenger Updates Progress on 'Endeavour' Well Drilling Offshore Trinidad

Mon, 08 Dec 2008 12:07:00 GMT

- Challenger Energy Corp. announced today that Challenger, along with its partners, Canadian Superior Energy Inc. and, BG International Limited , a wholly owned subsidiary of the BG Group plc having drilled the "Endeavour" well offshore Trinidad to a depth of approximately 16,921 feet subsea in the final section of the well, have temporary ceased drilling while part of the Kan Tan IV's drilling equipment, the travelling block, undergoes a mechanical repair. Drilling on the "Endeavour" well had progressed to within a few days of reaching the expected final total depth for the well. It is expected that the rig owner, Sinopec Corp., and their managing contractor, A. P. Moller - Maersk A/S, will safely and efficiently complete this repair at their cost with essentially $0 daily rig rate, and the rig will resume drilling promptly towards the end of this week towards the final section of the well.[More...]

Challenger Updates Progress on 'Endeavour' Well Drilling Offshore Trinidad - Dec 8 2008 8:19AM

Mon, 08 Dec 2008 12:06:00 GMT

CALGARY, ALBERTA -- -- 12/08/08 -- Challenger Energy Corp. announced today that Challenger, along with its partners, Canadian Superior Energy Inc. and, BG International Limited , a wholly owned subsidiary of the BG Group plc having drilled the 'Endeavour' well offshore Trinidad to a depth of approximately 16,921 feet subsea in the final section of the well, have temporary ceased drilling while part of the Kan Tan IV's drilling equipment, the travelling block, undergoes a mechanical repair. Drilling on the 'Endeavour' well had progressed to within a few days of reaching the expected final total depth for the well. It is expected that the rig owner, Sinopec Corp., and their managing contractor, A. P. Moller - Maersk A/S, will safely and efficiently complete this repair at their cost with essentially $0 daily rig rate, and the rig will resume drilling promptly towards the end of this week towards the final section of the well.[More...]

Challenger Energy Corp. Releases Third Quarter 2008 Financial Results - Market Wire

Thu, 13 Nov 2008 13:10:00 GMT

CALGARY, ALBERTA -- -- 11/13/08 -- Challenger Energy Corp. is pleased to announce the release of its third quarter 2008 financial results. As at September 30, 2008, Challenger Energy has funded $45.6 million towards its exploration activities in Trinidad and Tobago and has accrued an additional $31.9 million in obligations on drilling work completed to September 30, 2008 on the Block 5 exploration program. With the successful closing of a $30 million equity financing on October 2, 2008, along with cash on hand, all incurred expenditures to September 30, 2008, aggregating to $77.5 million have been funded. In addition, the Company has arranged a $14 million short term bridge facility. The 'Management's Discussion and Analysis' and financial statements for the quarter ended September 30, 2008, can be viewed in its entirety on SEDAR .[More...]

Challenger Energy Corp. Releases Third Quarter 2008 Financial Results - CCN

Thu, 13 Nov 2008 13:10:00 GMT

- Challenger Energy Corp. is pleased to announce the release of its third quarter 2008 financial results. As at September 30, 2008, Challenger Energy has funded $45.6 million towards its exploration activities in Trinidad and Tobago and has accrued an additional $31.9 million in obligations on drilling work completed to September 30, 2008 on the Block 5 exploration program. With the successful closing of a $30 million equity financing on October 2, 2008, along with cash on hand, all incurred expenditures to September 30, 2008, aggregating to $77.5 million have been funded. In addition, the Company has arranged a $14 million short term bridge facility. The "Management's Discussion and Analysis" and financial statements for the quarter ended September 30, 2008, can be viewed in its entirety on SEDAR .[More...]

Challenger Updates Progress on 'Endeavour' Well Drilling Offshore Trinidad - Oct 29 2008 12:41PM - CCN

Wed, 29 Oct 2008 16:23:00 GMT

- Challenger Energy Corp. announced today that Challenger, along with its partners, Canadian Superior Energy Inc. and, BG International Limited , a wholly owned subsidiary of the BG Group plc have successfully run and cemented in place the 9-7/8" intermediate casing string in the "Endeavour" well, to a depth of approximately 14,492 feet subsea, and that drilling is about to commence in the final hole section in the well.[More...]

Challenger Updates Progress on 'Endeavour' Well Drilling Offshore Trinidad - Oct 29 2008 12:41PM - Market Wire

Wed, 29 Oct 2008 16:22:00 GMT

CALGARY, ALBERTA -- -- 10/29/08 -- Challenger Energy Corp. announced today that Challenger, along with its partners, Canadian Superior Energy Inc. and, BG International Limited , a wholly owned subsidiary of the BG Group plc have successfully run and cemented in place the 9-7/8' intermediate casing string in the 'Endeavour' well, to a depth of approximately 14,492 feet subsea, and that drilling is about to commence in the final hole section in the well.[More...]