Chariot Share Discussion Threads

[newswseller] 26/10/2012 08:05

still lots to come this quarter according to Octobers presentation:

Central Blocks: Resource update
Kabeljou and Tapir: well result analysis
C19: Commence 3D seismic acquisition

Also bidding for Greece blocks

[fairenough11] 26/10/2012 08:02

and some could see at it as a steal at that price and plenty of good news to follow.

Seen good news immediately follow a Director BUY in the past.

More director BUYS to follow?

[triples] 26/10/2012 08:00

He was waiting to announce the second Moroccan licence before he could buy. Good news that he's bought but some people will see it as a negative as 'nothing on the horizon'.

[fairenough11] 26/10/2012 07:59

Director BUY means nothing?

Oh really?

So £58k invested means nothing?

Overall,history says otherwise.

[guesswhosback] 26/10/2012 07:59

Good effort buying a decent chunk of shares. Probably more than most PI's.Things beginning to hot up for Chariot. Still some way to go but looks promising for a rise. Glad I didn't put any more money into FOGL now.

[ozzmosiz] 26/10/2012 07:58

Yeah a director would shell out 57K cos it means nothing! What a fool.

[jxman] 26/10/2012 07:54

Means nothing director buy. Peanuts to him. Directors bought after last duster. Not convinced here yet. Very disappointed in performance. Still waiting for low twenties to buy back on. Good luck all.

[newswseller] 26/10/2012 07:53

well that director buy will shut up a few of the idiots over iii and lse, not too shabby as well £58.4k

[3searcher] 26/10/2012 07:07

26 October 2012



Chariot Oil & Gas Limited

("Chariot", the "Company" or the "Group")

Director's Dealings

Chariot Oil & Gas Limited (AIM:CHAR), the Africa focused oil and gas exploration company, announces that on 25 October 2012 Paul Welch, Chief Executive Officer, purchased 200,000 ordinary shares in the Company at a price of 29.20 pence per share. Following this purchase Mr. Welch holds 500,000 ordinary shares, representing 0.25% of Chariot's issued ordinary share capital.



-Ends-

[triples] 25/10/2012 20:57

I believe that the licence area acquired by Chariot and announced today is the large blue area with a "W" in it, partly covered by the word Rabat.

This map is courtesy of the National Bureau of Petroleum and Mines of Morocco and dates from March this year. The blue area stands for 'In Negotiation". Yellow is open, ie, unlicenced. The pink area 111 has already been licenced to someone else as far as I can tell.

Areas "A" and "B" may be of interest to Chariot too. Those may be under negotiation. (This map is 7 months out of date.)

By the way, Chariot recently took over as operator of licences 1,2 3 & 4 on this map.

[triples] 25/10/2012 19:42

Those RNSs are helping to support the price but they're not pushing it north just yet.

[ernestly] 25/10/2012 18:27

that's a hatrick are char going for the quad next week??

[triples] 25/10/2012 16:10

Tut, more work. I suppose that I'll have to put the latest RNS and details in the header.

It's becoming a bit monotonous.

;)

[fairenough11] 25/10/2012 15:17

Chariot landing high WI in these prime acreages tells me either they are well connected OR they are a proxy for a larger company(BP?)

I would bet good money that Chariot will get taken out further down the line.

Gilt edged at this price imo.

[oilbuy] 25/10/2012 14:54

More great news . A good long term investment at theses price ad abpossible farmin partner short term !

[mike_f] 25/10/2012 14:51

Blimey, is that blue I see!

[guidfarr] 25/10/2012 13:47

Chariot Oil and Gas plc reviewed in November issue of Spread Betting Magazine now out

[fairenough11] 25/10/2012 13:42

Again nice high WI at 75%,leaving plenty of room for Farm outs etc later on.

Chariot hold some highly prospective acreage which is currently valued at NIL.

Great for buyers of this share.

[topinfo] 25/10/2012 13:26

TIDMCHAR
RNS Number : 5452P
Chariot Oil & Gas Ld
25 October 2012
25 October 2012
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
Acquisition of Additional Offshore Exploration Block, Morocco
Chariot Oil & Gas Limited (AIM: CHAR), the independent Africa focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd., has entered into a petroleum agreement (the "Agreement") with the Government of the Kingdom of Morocco ("Morocco") for a 75% interest and operatorship in offshore licence Rabat Deep. Rabat Deepis located adjacent to the Company's recently acquired Loukos and Casablanca / Safi licences and covers an area of 10,782km(2), giving Chariot an aggregate acreage position of 16,207km(2) offshore Morocco.
This Agreement remains subject to approval from the authorities and once complete, Chariot will be partnered with the Office National des Hydrocarbures et des Mines (ONHYM), the national oil company of Morocco, which will participate with a 25% carried interest.
The Agreement consists of an initial three year period, during which Chariot will reprocess existing 2D seismic datasets and then carry out a 1,000km 2D seismic survey. Once the results of the initial work programme have been received, Chariot may elect to move forward into subsequent phases of the Agreement which would involve the acquisition of 3D seismic data and, following this, undertaking of exploration drilling activities.
The Rabat Deep licence area is located 50km offshore in water depths ranging from 150m to 3,500m. Only one well has been drilled in the block and no 3D seismic has been acquired to date, despite the appearance of an extensive mobile salt basin that has been identified in the block, which lies adjacent to a carbonate platform with large potential reef geometries at the platform edge. Plays have been identified both in this carbonate platform as well as in Cretaceous sandstones overlying the salt. Charge is thought to be most likely from Jurassic source rocks but Paleozoic and Cretaceous source rock levels may also be present. The work programme is designed to confirm these key play elements in the first phase of work, progressing to prospect definition and drilling in subsequent phases.
Paul Welch, CEO of Chariot, commented:
"Morocco is a very desirable location for oil and gas exploration and we are very pleased to have acquired this additional acreage which is positioned to complement and balance our existing assets in this region. We now have a significant holding in this highly prospective province and we look forward to developing its potential. With these assets, alongside our licences in Namibia and Mauritania, we have expanded and secured a very promising portfolio of opportunities offshore West Africa."
For further information please contact:

Chariot Oil & Gas Limited [phone]
Paul Welch, CEO

[triples] 25/10/2012 10:28

Yesterday, there were just one or two traders/MMs trying to grind the price down, but they ran into a wall of buy orders at 28.5p. After the close, two large orders (225k and 335k) print at 28.75p.

It looks to me like these two worked orders were buys. The aggressive large sell side order (50k) that started at 29p and moved down to 28.75p squeezed out weaker holders at 28.75p and then 28.5p.

I believe fairenough11 is right and that IIs are starting to accumulate. It's just that some of them do it by pressurising others to sell at lower prices.