Thanks polyh, My opinion is that challnger is unick oppertonity...

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.