Chariot Share Discussion Threads

[hedgebetter] 16/11/2012 10:57

Yes - PW talked very confidently about farm out's. He also put that private equiy investor guy back in his box at the end - like - we do not need your money - go away you silly little man.

[newswseller] 16/11/2012 10:25

Blueblood they must almost be done, there's been 11 trading days since the last update and they had 11m left. Volume since then has been way more than 11m, plus there is over 4m in known shorts.Two things from the OB video, wells to cost $50-80m each but chariot going to get free rides, already having co's ask about central farmouts before data room is even open.

[newswseller] 16/11/2012 10:18

242975 trade...

[hub here] 16/11/2012 09:57

Hi mario & peter,

I started buying very recently but missed the bottom as I already had my allowance. January will be where the real action starts IMO

GL
Hub.

[newswseller] 16/11/2012 08:58

Thanks for the OB video, just watched it, what he says at about 15 min is very interesting and bodes well, feeling very relaxed about my substantial holding here now.

[blueblood] 16/11/2012 08:57

How much have BG got left?

[mariopeter] 16/11/2012 08:54

Hi Hub

Are you long now? Yes the bounce hasnt happened but may have done intraday on day of duster news.Anyway should it break 30 could be panic buying but dont see that happening for a while but have been wrong before.

[newswseller] 16/11/2012 08:32

Trades 13 and 14 are mine, tried to buy another £5k but NT only, wish I had added more yesterday morning at 26.5p when you could buy £20k in one go.

Will be watching the FSA shorts on loan, I guess they will want to close before BG has finished selling, as otherwise liquidity may be a problem for them

[triples] 16/11/2012 08:26

So will I !!!

[tunnelking] 16/11/2012 08:21

Bought 36k @ 27.8
Will buy a few more if it drops below 25.gla
TK

[hedgebetter] 15/11/2012 19:57

Nice one Sammy - and thanks Triples. Onwards and upwards... :-)

[triples] 15/11/2012 16:51

Sammy, thanks for the link (which is now in the header)

[sammy_smith] 15/11/2012 16:46

Video presentation with Chariot Oil & Gas (AIM-CHAR)
Paul Welch, Chief Executive Officer
AIM quoted Chariot Oil & Gas holds frontier acreage offshore Namibia and recently diversified into Morocco and Mauritania.

Click the link below:

[newswseller] 15/11/2012 13:43

Is it rollover day today?

[ernestly] 15/11/2012 12:55

looks like kick off early 2013... i heard on successful drills someone shouts "OOOOOOOOOIIIIIIIIIIIIIIIIIIILLLLLLLLLLLLLLLLLLLLLL"

[hub here] 15/11/2012 11:58

mariopeter 13 Nov'12 - 09:06 - 270 of 278


I think we are witnessing capitulation and could turn from here to the top of the trading range
---------------------------------------------
nice call mario and peter. maybe 25.50 will prove t be the bottom.

[fairenough11] 15/11/2012 10:51

from iii cheers

10:38
HRT -from LSE
jacktrax
Brazilian independent HRT told investors Tuesday it had reached an agreement to sell part of its stake in Namibian oil blocks, but did not disclose its new partner.
"We have received a few offers, and we have reached a commercial agreement for one of them," said Wagner Peres, chief executive of HRT America, said on a conference call according to Dow Jones. "We are making significant progress on this front."

HRT has been working for months to sell a stake in the company's offshore Namibia blocks.

HRT holds stakes in 12 blocks off the coast of the west African nation, operating 10 of the blocks.

The Namibia stake sale would follow a similar deal reached last year with TNK-BP, which purchased a 45% stake in HRT exploration blocks in Brazil's Amazon region.

HRT is still analyzing other possible offers for the blocks after reopening a data room that companies use to evaluate three-dimensional seismic surveys obtained by the company, Peres said.

HRT expects to drill its first well off the coast of Namibia in the first quarter of 2013, Peres said.

"Transocean confirmed that we will receive the Transocean Marianas submersible sometime in January," the executive said.

It will take 22 days to relocate the drilling rig from offshore Ghana to Namibia, with an additional 21 days needed for an inspection of the rig, Peres added.

"As we speak, HRT is drill-ready," Peres said. "We can start at any time the rig becomes available to us."

[fairenough11] 14/11/2012 21:39

from iii cheers jimmy


Date/Time Subject Author
21:25
Hrt 3q results
jimmy24
Hrt have just released their results for the 3rd quarter.
With regard to Namibia they state the following
1. They have received multiple farm in offers
2. They are at an advanced stage of document negotiation for one offer.
3. Drilling to start in January
4. Expect to spend $160 million in Namibia next year.
5. The first prospects are specific oil targets in the orange basin, that's where chariot have it's blocks 2714a and b

Jimm

[hedgebetter] 14/11/2012 19:12

Nice day at the office. Onwards and upwards..

[pedramp] 14/11/2012 14:25

Triples, we were looking for some attractive acreage in Greece as well as far as I can remember. I really like the fact that CHAR is diversifying its portfolio. We will both look back at this summer of next year and realise what a wise move it was. Just like the placing before Tapir which covered most of the drilling costs. It seems like CHAR has a justifiable reason behind anything that they do which is good.

[triples] 14/11/2012 14:10

They were fishing for something in Gabon too, but that appears not to have materialised..... yet.

[pedramp] 14/11/2012 14:04

Kev this part of the report is especially written for you =]]

Whatever the geological lessons learned from the events of 2012, the commercial lessons have been just as important: over-reliance on one project, even one with the play diversity and scale of Chariot's Namibian portfolio, can leave the share price dangerously exposed when wells fail to deliver. Chariot has taken swift action on this, adding exciting new projects in Mauritania and Morocco.

[triples] 14/11/2012 13:36

And another 100k, this time at 27p. Progress.