Share Name Share Symbol Market Type Share ISIN Share Description
Chariot Oil LSE:CHAR London Ordinary Share GG00B2R9PM06 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.375p -2.36% 15.50p 15.25p 15.75p 15.50p 15.50p 15.50p 486,397 12:41:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -5.4 -2.4 - 31.95

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Date Time Title Posts
24/4/201718:42Chariot Oil & Gas - Moderated4,641.00
28/9/201618:06Charts available on ADVFN9.00
16/6/201610:51Chariot Oil & Gas - Moderated299.00

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Chariot Oil Daily Update: Chariot Oil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CHAR. The last closing price for Chariot Oil was 15.88p.
Chariot Oil has a 4 week average price of 15p and a 12 week average price of 8.29p.
The 1 year high share price is 20.50p while the 1 year low share price is currently 5.10p.
There are currently 206,153,593 shares in issue and the average daily traded volume is 493,737 shares. The market capitalisation of Chariot Oil is £32,726,882.89.
h2owater: Rise due to tip in IC. See below from LSE bb: I've just logged on to check it out after seeing it as a tip in the investors chronicle today. It's in their bargain shares for 2017. It reads well. They have cash equal to their s p and have loads of potential. This is what's probably caused the rise after it came out this morning. Good look all investors. I might buy even after the big increase. Midas3316 Posts: 363 Off Topic Opinion: No Opinion Price: 10.75 The article Today 10:51 I first posted on here yesterday as people were not sure of the reason for the rise. I read the article late on Friday afternoon after the article was published Friday morning. It made good reading so I came online to check it out. Obviously it had already risen 30% as did its other tip they published. I haven't really followed the share but it basically said the cash it held alone was equivalent of its share price and it was due more money soon and that it had very good prospects with little risk and a one to hold with a possibility of going 50p plus. Not sure if I will get in after such a big rise but still looks tempting. Their long term bargain shares they publish each year have had excellent results over the last 17 years. There was one they found that the share price was only 40% of the cash they had in bank and that didn't include their assets worth even more again Needless to say it was eventually taken over at a huge multiple of its pre tip price They do a lot of research and it saves me the time. Good luck to all invested
philo124: Hope that's reflected in share price!
hedgebetter: SHARE PRICE INFORMATION 23.00 GBp -0.25 > Find out more Home About Chariot Operations Investors Media Social Responsibility Home : Investors Chariot is focused on creating shareholder value by identifying and developing the potential of its highly prospective portfolio. > View share information SHARE PRICE INFORMATION GBp Reports Factsheet Presentations Annual Report and Accounts Year Ended 31 December 2012 > Download the PDF > View online report Annual Report and Accounts Year Ended 31 December 2012 > Reports archive chariot_factsheet.jpg Investor Presentation March 2014 RNS Announcements > RNS Announcements upcoming events and financial calendar 14 April - 16 April 20th Western Africa Oil, Gas/LNG & Energy 07 May BMO Capital Markets Inaugural London Energy Summit 20 May - 21 May 11th Maghreb-Mediterranean-MidEast Upstream > View all Investor contact Natalia Erikssen FTI Consulting Holborn Gate 26 Southampton Buildings London WC2A IPB Tel: +44 (0) 20 7269 7279 Email: CONTACT US Chariot Oil & Gas Statistics Limited 19-21 Old Bond Street London W1S 4PX > Full contact details > Stay up to date > Enquiry form QUICK LINKS Board of Directors Investment Case Reports and Presentations Share Information Regulatory News DOWNLOADS Annual Report and Accounts Year Ended 31 December 2012 Investor Presentation March 2014 Factsheet: 2Q 2014 © Chariot Oil & Gas Limited CMS platform provided by design portfolio | Print page | Email page | Accessibility | Privacy Policy
fairenough11: jimmy iii--cheers Many investors in chariot are following the share price movements of hrt for indications of the prospectively for oil exploration in Namibia and hence it's impact on chariots share price. One needs to look a little closer at hrt and it's valuation drivers before coming to a conclusion about the meaning of it's share price movements. Hrt currently have a Market capitalisation of £172 million compared to chariots current value of £36 million. In both companies it's Market capitalisation is largely represented by cash. However, in the case of hrt much of this cash will be spent by year end. Hrt have gas assets in the jungle of brazil, and value of gas discoveries in the jungle in brazil were reported by de Golyer and McNaughton at HRT IPO as being of negative value. Although hrt have reported they are examine ways to monetize approx 1.5tcf of gas it remains very uncertain as to what it's real value is. Until there is more information it would be prudent to assign a nil value. Hrt also have acquired proven oil production offshore brazil but this was debt financed, so again a nil net value. That leaves hrt with it's diminishing cash balances and the exploration value of it's Namibian acreage. So far both hrt and chariot have drilled and found world class source rocks in it's acreage and hold similar acreage. If hrt discover say 1.2bn bbls of oil in it's baobob prospect it's likely to be worth £6.6 bn or approx 38 times it's current value, accordingly any good exploration news that leaks is likely to drive the hrt share price higher on very high volume and high percentage moves,in my opinion at rates of increase greater than 15% per day for several days. One of the main differences between hrt and chariot is that chariot have succeeded in doing three farm outs in Namibia compared to hrt who have done one small deal. Accordingly, in the absence of drilling news hrt share price is likely to continue declining in line with it's rapidly declining cash balances. Accordingly, the regular reduction in the hrt share price does not indicate that the Namibian oil exploration potential is unfounded just that there is no drilling news. From chariots point of view it is looking for hrt to prove the presence of source rocks which will impact chariots nearby acreage, this has already been done for the walvis basin with two world class source rocks being proven.this will increase chariots farm out potential hugely and hence be reimbursed for past 3d seismic costs and thereby avoiding shareholder dilution. I am not currently a hrt shareholder, but I like it's geological potential a lot, it's hard to invest in a share price that falls every week. Accordingly chariot remains the least risky way to be exposed to hrt drilling success. This is because a proven oil discovery will proove both the source rocks and the reservoirs for such a discovery and will allow nearby explorers to target similar geological prospects which are on trend, the string of pearls exploration strategy widely proven world wide. Good luck all Jimmy More View thread 6
fairenough11: from iii-cheers ================================================================================= 09:48 Whatever your thoughts on............... robbiepaul2 2 Thursday 16:00pm---Friday 16:30pm,one thing is crystal clear. Char share price can rise by 40%++ in 20 minutes,given certain circumstances. Now given we have :- HRT---4 Wells being drilled in Namibia back to back---Repsol--BP/Serica drilling 2014(Namibia) Tullow----4 Wells being drilled in Mauritania----Dana/Kosmos drilling 2014.(Mauritania) Cairn/Kosmos---Drilling in Morocco(3/4Q)---Genel--Plains Pura Vida DRILLING(Morocco)2014 ===================================================================== Namibia Southern Area--Final well analysis.>>>Forward plan for 2714A Design 3D seismic programme for 2714B Namibia Cental Area--Farm outs--Partnering programme. Namibia Northern Area----Farm out process. 3d Seismic programmes in Mauritania/Morocco. Possible early Farm out of Mauritanian acreage. ------------------------------------------------------------------------------------------------------------------------------ All the above is going to happen,so given we can move 40%++ in 20 minutes on rumours of a 3rd Party Oil strike/T/O,imagine what can happen when the actual news is released. We have non stop 3rd party drilling for the rest of 2013 and 2014,so expect more days like Thursday 16:00pm when auction after auction make it almost impossible for many shorts to close/buy back without paying a huge premium. Thursday 16:00pm showed me what was possible.I look forward to all the above news hitting the wires and watching the rush to close. Its all coming,so sit tight and enjoy the ride and the odds say there should be one or two Oil Finds coming out of Namibia/Mauritania/Morocco in the next 12/18months. Good Luck. RP.
fairenough11: Well said Jimmy--iii ================================================================================== jimmy24 View Profile Add to favourites Ignore Date posted today 13:35 Subject Results Comment Votes for this Posting Voted 6 times. Message There is certainly some welcome detail and comments in to days results announcement. Geology: Chariot now explain that the Tapir North prospect is considered to be a leaking stratigraphic trap, which leeks up to the Zamba prospect. Chariot seem satisfied that area to the north of Tapir North contains mature oil source rocks which migrate to the Zamba prospect. A data room has been opened to secure third party farm in to drill Zamba. Correct move. Perhaps this also explains why Chariot moved the previously proposed Tapir well from Tapir North to Tapir South which was dry. The data from the central blocks has been mapped and their are multiple propects in the area including stacked prospects. Because there are considered to be two mature source in the area they will let HRT drill to confirm which source rocks are best in the area, and then farm out. Correct Move to de risk and maximise farm out terms. There is a little more information on Nimrod and what went wrong. In my opinion, it looks like the problem with Nimrod was not the reservoir which was previously described as undeveloped, but the source rock which was supposed to underly it does not appear to have charged the reservoir for some reason. Otherwise why are Chariot waiting on HRT to proove the presence of the deeper source rocks in their forthcoming well in Block 2713. In addition the confirmation of a deeper source rock by HRT would determine if Chariots proposed 2014 3D seismic in Block 2714 B would be extended to a deeper turbidite reservoir in that Block. So clearly the deeper source in Block 2714 A did not work, hence Larry's previous comment that Nimrod was no longer a prospect. But the shallower source rocks in Block 2714 A did work, and there are most likely good prospects in Block 2714 A & B to be charged by such source rock as it is such a huge licenced area. The accounting information confirms the write off of the Tapir South well, there do not appear to be any impairment charges in respect of Blocks 2714 A&B.Thats important to note. Mauritania We now know that the reason for a huge 3500 Km sq 3D seismic survey in Mauritania was because there are three deep water turbidite prospects of circa 300 million bbls each, in that area that needed 3D seismic. The fact that there is a proven oil field in Mauritania and Tullow drilling similar deep water prospects in Mauritania should substantially de risk this area. Chariot have confirmed that they have been approached by a number of oil companies to farm in ahead of getting the 3D seismic results. So re imbursment of past costs looks likely here. Morroco Long term potential, let others do the work. Other areas Chariot looking at new opportunities. My advice is dont reduce the cash balances doing this, Chariot now have a huge exploration portfolio, it would need to be a truly exceptional opportunity to grow the exploration empire any further. Corporate Governance Very strong emphasis on corporate governance and a new management team taking the helm, the old gaurd are either gone or pushed to one side. Something very serious indeed must have occurred. Was it the trading volumes prior to the two well result RNS' ? There was little comment on the departure of PW and JB. Interesting to note that Chariot have moved out of Dover st where Helios was previously located as well. Chariot has net book assets of £0.65 per share after writing off the Tapir South well. With a share price of £0.20 p i am expecting the Chairman and management to be buyers of chariot shares very soon. Conclusion It would be crazy to raise funds when the share price is substantially below book value, as some posters are regularly implying. Chariot have a declared policy of farming out and being re imbursed past costs and this was very successful last year when $33 million of past costs were received by Chariot. The Southern blocks clearly have some considerable potential as the Nimrod well found mature oil source rocks above the Nimrod prospect reservoir. So now its a matter of waiting to find out where are the nearby prospects to such proven source rocks. With a 3500 Km sq 3D seismic coverage it should not be too difficult to find the reservoirs.Maybe thats why Petrobas still have leased port side storage facilities in Walvis Bay. Jimmy
fairenough11: from iii--good post from MF Chariot Oil & Gas is an Exploration and Production company focused on West Africa. They hold acreage offshore of Namibia, Mauritania and Morocco. Namibia is an area that has generated considerable interest from O&G companies over the past couple of years, and Chariots shareprice rose as high as £3 in 2011 on predrill enthusiasm. Two non commercial wells later the price has languished at around 30p for the past 4-5 months. The first well drilled in 2012, Tapir, in the Northern Namibian block found good reservoir but poorly developed source. The second well, on the Southern Namibian block, fully funded by BP as part of their farm in to the block, found source, but poorly developed reservoir. The results from these wells are being integrated into the exisiti9ng 3D seismic data from the blocks, and new 3D from the as yet undrilled Central Namibian block is currently being analysed. These steps will be followed in H1 2013 with resource updates for the 3 blocks and potential farm outs of the Northern and Central blocks - currently 100% and 90% held by Chariot respectively. (The Southern Block was previously farmed out to BP and Petrobas, leaving CHAR with a 25% interest). These events, plus the possiblity of further drilling later in the year, all have potential to move the share price upward over the next year. In addition, HRT the Brazilian O&G company will shortly be drilling adjacent to Chariot's Southern block. Success here could help swing sentiment on offshore Namibia back to positive again. In addition, Chariot has aquired significant interests in blocks offshore of Mauritania and Morocco. Analysis of exisiting seismic, and collection of new data will be carried out over 2013. The whole West African Margin is beginning to be of considerable interest, in part because of recent large discoveries on the east coast of South America which shares a geological history with the west coast of Africa. Chariot has a very significant position in several blocks on the coast that are very likely over the coming years to produce commercial discoveries. The question for CHAR, and its shareholders, as ever with small E&P companies is are their pockets deep enough to fund the expense of finding them? Which may require several, very expensive, drills. They are currently "well" funded, with cash approximately equal to the market cap, which is sufficent for short term plans. However, they could not fund a major drilling campaign. The main way forward for them is going to be via further farm outs. They have plenty of large interests which could be farmed down, in exchange for back costs and funding of future drilling. A key issue will be the terms on which those happen. Promising results from the current seismic analysis, or success by HRT will put them in a much stronger position to obtain good terms, and also allow funds to be raised at a higher share price should that be needed. There is a good argument to be made that Chariot was overpriced prior to the start of their 2012 drilling campaign. I would argue that sentiment has now gone too far the other way and that is potential for significant upside from here. I have between 2-3% of my portfolio in CHAR. It is not the share that I am most confident of a positive return from in 2012, but it is one which has the possiblity of producing large returns if things go well. I may well reduce my holding if the price appreciates well from here, as I do still see a fair degree of risk attached, certainly at prices much above the current share price Peter
lanaken: My money's on HRT announcing a big farm out deal in Namibia. It'll be a super major,imv and with the HRT/Petrobas connections to me it is inconceivable that HRT don't know the details of the Nimrod results and I am firmly of the opinion that they were much more positive than CHAR shareholders were told. There have been big games played with the CHAR share price and we all have our suspicions on this, the sub-optimal choice of drilling locations, the underr-reporting of what has happened to the 300m shares traded in a huge flurry after the Nimrod result and Welch getting pushed out. I can only surmise what is happening, but believe that SQZ and CHAR are pawns in a much bigger game that is being played out so that the big boys can tee up some of the best West African acreage for themselves on the cheap. HRT must announce another deal soon and we'll see what it is. I hope that the brakes can be released on CHAR after that because a lot of PIs have choked on the stifling of the information flow. Some PIs believe that Namibia is mainly about gas. 2013 will I hope be the year that puts paid to this belief;-) repo Disclosure long CHAR and intending to hold all until the inevitable strong bounce as the real story becomes known. After that I'll derisk somewhat.
jxman: To put your minds at rest I am not short I am sitting on large loss and hope and wish more than most on here that char share price increases significantly from here.
lanaken: Hi Peter, I suspect someone will get it right before CHAR spend all their money. However when you look at the CHAR share price and volumes over recent weeks you have to wonder whether buyers here haven't got it horribly wrong. Some of my better investments have given me the same feeling. Question is will this be another. repo
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