Member Info for willec

Why this is old data and know we are producing it will not be long before profits are shown and the sp begins to recover. We are so so undervalued at the moment it is ridiculous

Who cares about interims - this data is old. We are producing and selling every day know - profits should show soon

remember this:

Challenger Energy is a Caribbean and Atlantic margin focused oil and gas company, with a range of exploration, appraisal, development and production assets and licences, located onshore in Trinidad and Tobago, and Suriname, and offshore in the waters of The Bahamas and Uruguay. In Trinidad and Tobago, Challenger Energy has five (5) producing fields, two (2) appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. In Suriname, Challenger Energy has on onshore appraisal / development project. Challenger Energy's exploration licence in each of Uruguay and The Bahamas are highly prospective, and offer high-impact value exposure within the overall portfolio value.

Despite the fact we has 5 producing fields in Trinidad with more to come. It is not just Saffron 2 but the others also, production is good at the moment and looking to improve. Just because the former BPC's holders are still upset with 1 drill in Perservance they think the company is a failure. Serious, production in Trinidad is going well and returning a profit for the company which is what we have been looking for all a long. Patience guys

The trollers on here are really pathetic, if they think the company is going to the wall why hold the share. If they don't own the share why are there on this board.

I totally stick by that SWP is the company maker now. I was just saying yesterday that Perservance is not dead in the water.

SWP will be the company maker with 30 wells to drill. We already have 5 producing fields in SWP with more to come.

We are producing oil and SWP has a lot more to come. The ricidulous comments on this board that no oil is in Perservance is idiotic, they have only drilled one well (how big is Perservance??) - precisely oil is there they just weren't able to hit on first drill though did find hydrocarbons which is good news.

Anyway, put P1 to one side - how many junior oil companies the size of CEG can say they are producing high quality commerical oil which is being sold - not many. We have many more drills in SWP, which will be the company making not Preservance as some idiots think. Then we have Suriname, Uruguary and alot more to company in the next 3 - 5 years. Patience.

Just because Perservance did not find oil on the first drill does not mean the company is going to the wall - grow up you lot.

Mike56 if you are so confidence in your beliefs just sell up and more on.

Eytan stated no more placings

You are beginning utterly ridiculous. Eytan stated no more placings and anyway I, like you, can not know that information. Stop trolling and just post on shares you own ZagEgypt

For all the trolls:

https://www.londonstockexchange.com/news-article/CEG/annual-report-and-financial-statements/15149254

If any of you are intellegent enough to read which I doubt - this looks very promising together with the news for the Bahamas today.

'Clowns couldn't even get to total depth'

What a joke - yeah 'clowns' decided to save money - they got to TD in Saffron 2 didn't they and guess what the 'clowns' did - oh yeah find commerical oil which is being sold immediately.

So the so called 'Clowns' are generating profit for the company after agreeing favourable terms in Trinidad and producing commerical oil in 5 fields

FFS There only drilled one well, found hydrocarbons just not enough for commerical value so we know it is down there. How big is the acreage? Big enough for more drills to find oil - you need to be sensible.

Seriously, what age are you lot uses your common sense profit increasing every day which is the most important thing here. Steady growth of the company.

Eytan has previously status he wants to see share price growth

It has been hard work, and there have been ups and downs - all the more so given the ongoing effects of Covid-19 in Trinidad, and in particular the extreme difficulty of getting into the country. But we are now beginning to see the fruits of our labour. Notably, we have stemmed the rate of production decline in the producing fields, and have been successful in a core objective of maintaining baseline production in the range of 400 - 450 barrels of oil per day. A rising oil price environment, coupled with cost savings measures we have put in place, means that we have now been able to reach a point where the operations in Trinidad & Tobago are largely self-funding. In 2022, we expect to be able to continue along this trajectory, and generate $2 million or more of positive operating cashflow from our existing production operations. This would represent a fairly significant "turnaround" in a relatively short period of time, and is an achievement for which our team in Trinidad should be rightfully proud.

I like this Starchild though feel production is more important than taking a big risk in the Bahamas. SWP should be the calayst for growth should it not.

Also, any reason why the sp if so undervalued - this is getting crazy consideration we are producing oil and good quality oil at that.

Well at least now thanks to Columbus Energy's assets at SWP we are producing and selling commerical oil at a nice profit, so should see an increase in sp sooner or later. The current price is so undervalued it is unreal.

I can not believe we have so many trolls knocking this. Oil Production and immediate sales from 5 fields with $84 oil and rising - what more does one want.

Far from it just trying to get rid of the idiots on this board by showing what management say not posted much at all recently so how can I be looking more desperate by the day - 19 posts in 30 days