DIRECTORS

James Brown (Maui, Hawaii)
Director

Joe Chatoor (Trinidad & Tobago)
Director

Mike Hibberd (Calgary)
Director

Timothy R. Lindsey (Houston, Texas)
Director

Dan MacDonald (Calgary)
President , CEO

CODE OF CONDUCT

CORPORATE CODE OF CONDUCT
FOR CHALLENGER EMPLOYEES

 

MANAGEMENT TEAM

Dan MacDonald, President and Chief Executive Officer Mr. MacDonald has 22 years of experience in the oil and gas industry.  Most recently he has acted as an advisor to various companies on international exploration opportunities, oil sands transactions and Western Canadian petroleum activities.  Mr. MacDonald was recently the President and CEO of Canadian Voyager Energy Ltd., a private oil and gas company with western Canada operations and several international prospects. Mr. MacDonald has also worked for a number of successful public oil and gas companies including Amoco Canada Petroleum Company Ltd., Canadian 88 Energy Corp. and Canadian Superior Energy Inc. (“Canadian Superior”) (TSX:SNG)(AMEX:SNG).  Mr. MacDonald is a member of the Association of International Petroleum Negotiators and the Canadian Association of Petroleum Landmen. Mr. MacDonald holds a Bachelor of Arts in Business Administration with a major in Finance and Economics from Washington State University.

Manjeet Dhillon, C.A., Chief Financial Officer Mr. Dhillon has been employed as V.P. Finance and Chief Financial Officer of Challenger Energy Corp. since February 1, 2006.  From August 2004 to January 2006, Mr. Dhillon was Controller of Shaw Cablesystems G.P. (TSX:SJR.NV.B;NYSE:SJR), a NYSE and TSX listed company.  From August 1999 to August 2004, he was employed at Boardwalk Real Estate Investment Trust (TSX:BEI.UN), the last position held with the company was V.P. and Controller.  This Company was a public corporation traded on the TSX and NYSE, then delisted from the NYSE as it began its conversion to a REIT in 2004.  Mr. Dhillon holds a Bachelor of Commerce Degree from the University of Alberta and attained Chartered Accountant designation from the Institute of Chartered Accountants of Alberta.

Agustin Aparicio, Exploration Manager Mr. Aparicio has been employed as Canadian Superior Energy Inc.'s International Exploration Adviser since 2002 and prior to that was Senior Consultant, International for Vintage Petroleum Inc. (NYSE:VPI) of Tulsa, Oklahoma, and Senior Consultant, Trinidad and Latin America for Cometra Energy Inc. of Calgary, Alberta.  Mr. Aparicio was responsible for British Gas (LSE:BG;NYSE:BG) discovery of Carapal Ridge.  With over 24 years in the petroleum industry, both internationally and in Canada, his experience covers a broad background from petroleum geology and seismic interpretation to highly specialized O&G development.  Mr. Aparicio holds a B.Sc. in Geological Engineering from San Andreas University in La Paz, Bolivia and a Master of Science degree in Geology from the South Dakota School of Mines & Technology.

STOCK EXCHANGE LISTINGS

The Toronto Stock Exchange
Trading Symbol: CHQ

The American Stock Exchange
Trading Symbol: CHQ

WEBSITE:

www.challenger-energy.com

SOLICITORS

McCarthy Tétrault LLP
Suite 3300, 421 - 7th Avenue SW
Calgary, Alberta
Canada T2P 4K9