Challenger Appoints Dan MacDonald as CEO
Challenger Energy reports that Dan MacDonald, President of Challenger and a Director of the Company has been appointed Chief Executive Officer of Challenger Energy Corp. Mr. MacDonald is assuming the role as Chief Executive Officer of the Company from Mr. Neil MacKenzie, Challenger's former Chief Executive Officer, who remains a Director of the Company.
In connection with the appointment, Dan MacDonald stated, "On behalf of Challenger I would like to extend the Company's appreciation to Neil MacKenzie with respect to his achievements and contributions in his role as initial Chief Executive Officer of the Company. I am excited to accept this role at this time as we move forward and as we prepare to evaluate the main targets in our first well offshore Trinidad. The "Victory" well, which commenced in June 2007, has been successfully drilled to a current depth of 9860 feet and we are currently running 13-5/8" casing into the hole in preparation for continued drilling to our planned total depth of 16,870 feet."
The Company's first exploration well, 'Victory' is the first of a planned three well exploration program on Block 5(c) in Trinidad and Tobago with Canadian Superior Energy Inc. (AMEX,TSX:SNG), the operator. The Kan Tan IV rig has been contracted to drill a multi-well program of three (3) back-to-back exploration wells, "Victory", "Bounty" and "Endeavour", on three (3) separate and distinct large natural gas prospects approximately 60 miles off the east coast of Trinidad, on Block 5(c). The wells will evaluate three (3) separate large natural gas prospects, each with multi-TCF potential of undiscovered resources that have been delineated by extensive 3D seismic that has been evaluated and interpreted over Block 5(c).
Challenger is a Calgary, Alberta, Canada based oil and gas exploration company which is currently focusing on "high impact" oil and gas plays offshore Trinidad and Tobago and offshore Nova Scotia.
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