Chariot Share Discussion Threads

[hedgebetter] 26/11/2012 16:10

Oxford Asset Management Chariot Oil & Gas Ltd GG00B2R9PM06 1.61% 2012-11-06
Oxford Asset Management Chariot Oil & Gas Ltd GG00B2R9PM06 1.59% 2012-11-09
Oxford Asset Management Chariot Oil & Gas Ltd GG00B2R9PM06 1.48% 2012-11-23

Looks like Oxford asset management are unwinding their (very) short positions!

Hehe...

[triples] 26/11/2012 16:05

It's just resting. It will pick up when things get busy again.

[lanaken] 26/11/2012 13:13

This board has died and gone to heaven.

Often a good sign when the fundamentals are so out of line with the share price.

Some highly positive news from HRT re farmins
BP/SQZ re drilling plans and early seismic results
CHAR re Central blocks

might kick the share price on from here.

Patience needed here, imv.

DYOR.

repo

[falklands] 25/11/2012 14:39

Good question do not think so if you use google type chrisoil you can get round that.
Worth checking out my watch list high cos high return by clicking favourites title on left hand side via pc or iPad below.

Although over 500 PIs now follow me via reg twitter I know hundreds more look at my thoughts it's a way I give back for my luck.

[triples] 24/11/2012 18:23

falklands,

On your twitter site/page, do I have to log in (with my twitter account details) to be able to see your favourites section?

[ronan7] 24/11/2012 13:05

i get the above

but company has `enough ` cash to hold current sp

i am aware that there are alot of companys who trade below cash

my feel is that `cash` the company has will protect share price to a large degree

[fairenough11] 24/11/2012 13:05

agree,if no oil found in namibia,morocco or mauritania,Char will struggle.But at this price CHAR are trading at a discount TO CASH IN BANK,with no value given to any of their acreages or expensive 3D seismic sets.

So on that basis,its a no brainer imo with the CENTRAL BLOCS in Namibia,EASY TO FARM OUT(See OB presentation),so more cash on its way,not less.

Lets see in the first instance who has farmed into HRTs acreage and how much they paid shall we?

[pugugly] 24/11/2012 12:47

Disagree that this is a no brainer. Check out the latest corporate presentation



Of the 3 latest brokers notes 2 are hold with price targets of 31p and the 3rd is a speculative buy with a target of only 36p. So on average very little upside potential (if the brokers are correct) after dealing expenses and will only take 1 dry hole by another explorer in any of the 3 main areas to knock the CHAR share price back below the corrent 28p level. (imo etc)

[fairenough11] 24/11/2012 12:31

Not really bothered which Major it is,what counts is that there seems to be demand to get into Namibia,so they must like what they have seen in the data rooms etc.

Char have an excellent chance of gaining REFLECTED VALUATIONS through others drill bit in NAMIBIA, FOR STARTERS.

At this price its a no brainer imo.

[flyfisher] 24/11/2012 12:17

hrt updated estimates.

[triples] 24/11/2012 12:10

Don't get your hopes up re Exxon. It is unlikely to be them. I reckon it's a good-to-have major. Let's wait to see just who it is. The fact that MM is pleased about the farm out is good news, especially as three (at least) wells will be drilled.

[fairenough11] 24/11/2012 10:48

If its Exxon--then expect fireworks imo as Charts acreage is valued at less than NIL.

Have BP/PB been outflanked?

[falklands] 24/11/2012 08:51

Triples just updated my twitter chris oil site re char, HRT, TRP rig situation.

I went to the oil barrel event re char CEO mentioned rig slot could be available on HRT campaign will see.

[fairenough11] 24/11/2012 07:53

2 others from iii Re HRT---Relevant
=================================================================================

Fri 09:28
HRT Resource Update
grizzle1
9
HRT just published the resource update - up 6.6%/500m bbls



Expect 1st Farm In announcement next week - share price up 7% on Bovespa yesterday.

Bets on names in the frame? - apart from BP/PBR!

Anadarko and Exxon could be interesting, especially Exxon who are urgently looking for large acreage as their refining business margins fall.

Griz
================================================================================
Fri 16:15
HRT APIMEC meeting in Rio
grizzle1
22
OK - this is what I´m hearing from the on going APIMEC meeting that MM is attending today in Rio.
H10 is at 2100m which is 1st target depth. Results expected in 1-2 weeks. Apparently MM sounded ánimated´
2 farm out deals are in the pipeline - 1st is done but not signed, 2nd is still under negotiation but expected to close before year end.
MM says they are best deals he has ever done - apparently. 1 or both are big US outfits.
Wingat will be drilled 1st with 23% COS (PEL 23) - you have already seen todays D&M update numbers.
Murombe will be drilled 2nd with COS of 23%.
Meerkat will probably be drilled 3rd
Drilling and farm out of 3rd and 4th drills will depend on the results of 1st and 2nd - seems reasonable.
Rig (Marianosa Transocean) will be in their hands in 7-10 days.
Will update later if I have more relevant info.
Griz.

[fairenough11] 24/11/2012 07:41

from iii cheers HRT UPDATE
==================================================================================
Fri 23:11
HRT APIMEC Update
grizzle1
3
Apologies to those a bit fed up with the HRT postings - they are important to us CHAR holders in the bigger scheme of things. Sure you´ll understand.


These are the salient points of todays presentation from MM anf the HRT management team at APIMEC.
Thanks to Gusman and asquer the original sources.


Namibia

- MM just said that the company closed the farm out with American company (s) and was the best deal they had done. I had heard a figure of 20c per bbl mentioned for the WI. - seems a bit high to me- would put Wingat at 240m USD for 50%? My guess is that with 2 farm outs hes trying to make the drills cash neutral to HRT at around 350-400m USD all in.

- Mm said that closing this first farm out it already provides three firm drills in Namibia.

- Rig will be ready at the point of drilling Wingat in the second week of February - around 13th

- Rig Delivery 26/27 december 21 days for inspection, plus 7/8 days for preparation.

- D&M resources that have been certified represent only 20% of the potentialHRT has in Namibia.

- Hrt drill wingat first with a cos between 25 and 30%.

- After Murombe with Baobab target

- Meerkat will be for gas, oil unlikely

- Resource estimate of total crude in Namibia are estimated in 100 bn boe.

- Wingat has the highest probability of success, est 33%


Solimões

- Hrt10 at 2100 meters

- Hrt has 3 tcf of gas already discovered in the Solimoes.

- Forget the 30 days of the JV with Petrobras - study, involves the government and is concretized in 6 months

- Hrt 4 is being discussed with petrobras, they're studying the area of ??block 170 in the area for possible return

- Hrt wants to increase the number of rigs operating in the Solimoes in 2013 because the latest discoveries.

- Marcio does not promise anything, but with the new seismic, expected to see wonderful results

- Studies with petrobras is in full swing and will last 6 months and may be extended.

- H-10 at 2100m - has no descernable 3rd seal or volcanic layer (which has cracked the oil to gas in other Solimoes drills) so very hopeful of Oil outcome on this drill. They expect results in 1 week.

- There's a new technology, they can not disclose now with Petrobras that will assist monetization plans

Market reaction was pretty mute - they want to see names and numbers! Tink also the 6.6%/500m bbl resource upgrade wasnt considered significant - but IMO it was needed to enable MM to verify the business model with the Framinees.

Lets see how the market picks up on all this, and the Farm out announcement hopefully.

GWA

Griz

[falklands] 23/11/2012 22:18

Bam bam put a sock in it 2009 posts ? and get back to the subject of chariot you need help sir.

[pedramp] 23/11/2012 20:11

Griz on iii:

OK - this is what I´m hearing from the on going APIMEC meeting that MM is attending today in Rio.
H10 is at 2100m which is 1st target depth. Results expected in 1-2 weeks. Apparently MM sounded ánimated´
2 farm out deals are in the pipeline - 1st is done but not signed, 2nd is still under negotiation but expected to close before year end.
MM says they are best deals he has ever done - apparently. 1 or both are big US outfits.
Wingat will be drilled 1st with 23% COS (PEL 23) - you have already seen todays D&M update numbers.
Murombe will be drilled 2nd with COS of 23%.
Meerkat will probably be drilled 3rd
Drilling and farm out of 3rd and 4th drills will depend on the results of 1st and 2nd - seems reasonable.
Rig (Marianosa Transocean) will be in their hands in 7-10 days.
Will update later if I have more relevant info.
Griz.

[ronan7] 23/11/2012 18:52

get a room you 2

i`ll book a room at the savoy.......i hear its very discreet