Thanks polyh,
My opinion is that challnger is unick oppertonity in the exploration area...
Namibia and uruguay was coneccted 200 million years ago... they have just 7 blocks in the offshore
ceg have 2 from the 7 offshore ..
Cheveron farm in to area 1 of ceg...
Now they have 1 block with 40% (cvx with 60) and after goverment approval they w
will get 12.5 m usd
+ 3d carry + half from the first drilling cost of there part.
and they have 1 block with 100%! the other opertors in the blocks are Apa, shell (3), Ypf.
I bought this 3 weeks before charlstown annoncemnt... I didnt know that they are going to invest there too but i was very happy to know it.
About nz its less prospective... its small bissuness and i think that they focus in this investemnt on the p/e and the dividents returns... (i think its more problmetic investing)
Good luck.
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