Challenger Energy Corp., along with its partners Canadian Superior Energy Inc. (“Canadian Superior”) (Toronto:SNG.TO)(AMEX:SNG), and BG International Limited (“BG”), a wholly owned subsidiary of the BG Group plc (LSE:BGL.L), announced today they have unanimously agreed to case and conduct flow testing on the “Bounty” well located approximately 65 miles off the east coast of the island of Trinidad.
The partners have completed the initial drilling of the well to approximately 17,360 feet, along with the wireline logging, and are now proceeding with running casing in preparation for testing. The testing operation will take approximately 30 days, after which operations will commence on the ‘Endeavour’ well, the third well in the initial three well programme on the ‘Intrepid’ Block 5(c) offshore Trinidad.
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 was drilled by the KanTan IV semi-submersible rig as the second well in the three-well 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.
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.
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
Source: Challenger Energy Corp.