Challenger Energy Limited advised of the appointment of Mr. Robert A. Willes to the position of Managing Director. Mr. Willes will take up his new role on 8th April 2013. Mr. Willes has over 25 years of extensive international experience in the oil and gas and energy industries ­ primarily with BP (formerly British Petroleum). He has an Honours Degree in Geography from Durham University in the UK, and has completed Executive Education Programmes at Harvard Business School in the USA and Cambridge University in the UK. More recently, Mr. Willes was Chief Executive Officer of Eureka Energy Limited, and was instrumental in managing the recommended AUD 107 million On-Market Takeover by Aurora Oil and Gas Limited.

Challenger Energy Limited, Annual General Meeting, Nov 07, 2012., at 11:00 E. Australia Standard Time. Location: Institute of Chartered Accountants. Agenda: To receive and consider the annual financial report of the company for the financial year ended June 30, 2012 together with the declaration of the directors, the directors' report, the remuneration report and the auditor's report; to adopt remuneration report; to re-elect Michael Much as director; to ratify prior issue of shares; and to approve placement facility.

Challenger Energy Limited reported audited consolidated earnings results for the year ended June 30, 2012. For the year, the company reported sales revenue of AUD 377,005 against AUD 360,305 a year ago. Loss before income tax expense was AUD 9,399,541 against AUD 4,551,668 a year ago. Net loss for the period was AUD 9,399,541 against AUD 4,551,668 a year ago. Loss attributed to owners of the parent was AUD 9,385,484 against AUD 4,462,513 a year ago. Diluted loss per share was 3.89 cents against 3.13 cents a year ago. Net cash used in operating activities was AUD 864,310 against AUD 1,460,900 a year ago. Payment for property, plant and equipment was AUD 11,251 against AUD 2,850 a year ago. Payments for exploration activities were AUD 9,356,936 against AUD 5,475,115 a year ago.