Chariot Share Discussion Threads

[brazilnut1] 10/4/2024 16:43

Another horrible day in the cesspit known as Chariot. If the first couple of wells don't deliver this dog is 3p in a heartbeat. There is no point in arguing any different. Brokers ? 🤣🤣

[ashkv] 10/4/2024 16:39

"Crucially, Chariot has secured a partner that is aligned to the development of Anchois and we note the partners’ plans to evaluate the undrilled low-risk deeper sands, targeting a material increase in the resource base to >1Tcf, considerably upsizing the development from c.640Bcf."

Elsewhere, the upcoming Loukos Licence drilling campaign represents a material near-term valuation catalyst for Chariot.

“We highlight that the drilling of these wells will also have important read-through to the offshore prospect portfolio due to the reservoir fairways that extend across the areas.”

Buy with a target price of 39p, adds the broker.

[hsfinch] 10/4/2024 16:33

Down 5%. When the three pillocks saw that they shat themselves. The executive PA had to make an unexpected trip to the dry cleaners. How very unpleasant.

[brazilnut1] 10/4/2024 15:52

Brokers are seldom right. Just parasites, paid for fk all.

[sev22] 10/4/2024 15:36

Chariot farm-out a validation of potential, says broker.

[brazilnut1] 10/4/2024 14:55

Down almost 5% now, whats going on 888 ?, or dont you have a clue like usual. Please cut and paste it when you do.

[hsfinch] 10/4/2024 13:30

Like the Bantam, the Brazil and yours truly have forecast, this news makes no difference except to the 3 pillocks who will be trousering stonking bonuses. To move the needle, there will have to be a huge find when they drill the sdx cast-off and a massive uplift from the ENOG appraisal we'll. That's why investors need brown trousers. Don't say you weren't warned. Finchy

[888icb] 10/4/2024 12:40

The just reported 4.25 million share buy at 8.98p at 16.25 yesterday certainly indicates someone wanted a big chunk at under 9p. That is a serious vote of confidence from hopefully an II who is in for a serious gain in the coming months.

[brazilnut1] 10/4/2024 11:14

But 888 keeps cut and pasting. Great work, pity its meaningless.

[hsfinch] 10/4/2024 09:50

On fire or a damp squib? Chariot was 15p when the deal was announced back in December last year. Finchy

[888icb] 10/4/2024 09:00

Morocco farm-in completed and rig contract signed

London, 10 April 2024 - Energean plc (LSE: ENOG TASE: אנא;ג) is pleased to announce that it has completed the farm-in to Chariot Limited's ("Chariot", AIM:CHAR) acreage offshore Morocco, following the receipt of all remaining approvals from the Moroccan Authorities, and signed a rig contract with Stena Drilling Limited ("Stena").

Energean has paid $10 million cash consideration upon farm-in closing. The resulting overall participation is:

· Lixus licence: Energean (45%; operator), Chariot (30%) and ONHYM (25%)
· Rissana licence: Energean (37.5%; operator), Chariot (37.5%) and ONHYM (25%)

A rig contract has also been signed with Stena for the use of its Stena Forth drill ship for the appraisal well, plus one optional well. Energean as operator, alongside its partners, is planning to drill the appraisal well on the Anchois field (Lixus licence) in Q3 2024. The purpose of the appraisal well is to undertake a drill stem test on the main gas-containing sands and target an additional 11 Bcm of gross unrisked prospective resource[1].

Mathios Rigas, Chief Executive Officer of Energean, commented:

"We are delighted to start working in Morocco, where we hope to repeat our previous successes in the Mediterranean: enhancing domestic production, helping to meet the country's growing demand, with the potential for exports for any surplus supply, and facilitating both energy security and long-term coal reduction."

[hsfinch] 10/4/2024 08:47

Loooooooool...up 1% on the 'news'. Finchy

[hsfinch] 10/4/2024 07:52

Let me add something. Chariot is now down to 30% of a field that's gonna produce 16,000boe. And it's gonna cost em 300 million bucks to retain that 30%. Do the math Gekko. Finchy

[ashkv] 10/4/2024 07:51

CHAR 100p at year end on a successful Anchois drill!!! 99% probability of success!!!

[wolfofwallstreets] 10/4/2024 07:41

Chariot on fire!!!

[aimloser1] 09/4/2024 21:11

If that is true maybe worth buying ENOG, as a hedge

[wolfofwallstreets] 09/4/2024 19:24

Blah blah blah blah blah blah blah...

Flinchy you add nothing here.

Failure..

[hsfinch] 09/4/2024 18:12

The only news you're gonna get near term is confirmation of the rip off deal with ENOG. And that's taken long enough. The three pillocks are getting desperate for the stonking bonuses that will come with that. Happy days for them.