Obtains Court Order for Extension of CCAA Protection

Challenger is now part of Canadian Superior

Canada based oil and gas exploration - Trinidad and Tobago

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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Clavis

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Obtains Court Order for Extension of CCAA Protection

posted on Apr 20, 2009 03:34PM

April 20, 2009

Challenger Obtains Court Order for Extension of CCAA Protection

CALGARY, ALBERTA--(Marketwire - April 20, 2009) - Challenger Energy Corp. ("Challenger" or "Company") (TSX VENTURE:CHQ) announces that it has been granted an extension of the stay of proceedings to June 4, 2009 to the previous court order that was granted on March 23, 2009 which had extended the stay of proceedings from March 23, 2009 to April 20, 2009, from the Court of Queen's Bench of Alberta, Judicial District of Calgary for protection under the Companies' Creditors Arrangement Act (Canada).

The order permits Challenger to remain in possession and control of its property, carry on its business, retain employees and other service providers and continue with its previously announced process to evaluate the various strategic alternatives available to the Company, including a sale of Challenger or its assets. A special committee of directors was appointed to oversee this process and Peters & Co. Limited was retained as financial advisor.

Challenger Energy Corp. is a Calgary, Alberta, Canada based oil and gas exploration company which has spent approximately U.S. $80.1 million on exploration Block 5(c) offshore Trinidad and Tobago. See www.challenger-energy.com for information on Challenger.

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