Chariot Share Discussion Threads

[hub here] 13/12/2012 15:24

andonis, what is it like talking to yourself all the time?

[stockriser] 13/12/2012 15:17

And before anyone says it, NO this is not heading for the grave!

[stockriser] 13/12/2012 12:08

I am sure some will agree that this song currently relates to what CHAR is trying to do ;-)

[fairenough11] 13/12/2012 11:22

lots of news to come before year end.I expect short covering on the run up to the Xmas break.

Lets see.

[triples] 13/12/2012 11:09

mp,

Good to hear that.

best wishes

[mariopeter] 13/12/2012 10:39

Double bottomed and breaking north out of falling channel. Looking good technically.

[ronan7] 12/12/2012 19:43

price range seems to be pretty fixed at the mo...last 4 weeks or so at
26-28p......

feel both have a some significance

which way it will go in the short term next 6 weeks or so
thats the name of the game ..you pay your money you make your choice


i`ve paid in the over 28p side

[newswseller] 12/12/2012 17:48

We are stuck in OAMs hands until BG update us on their holdings or we have an update, of which I believe there 3 coming before the end of this quarter?

[triples] 12/12/2012 16:56

When you buy in, let us know. I'll look forward to reading your positive posts ;)

[triples] 12/12/2012 16:48

A quick post on Microphone Test Day.

Bit of a down day for Chariot today so I have bought a few more to sell on sooner or later.

[andonis] 12/12/2012 08:26

lines of the week

[andonis] 11/12/2012 12:55

bit by bit ftse will come down too...

[greyingsurfer] 11/12/2012 10:45

Could go either way though and trading at cash there isn't a great deal of risk.

I'm happy to have around 2% in Char at these prices, but I would agree that the 25% COS figure is misleading. A success is not always going to be what a PI would regard as a success, with a big uplift on SP, it might be finding a load of HC shows over a large column, and FOGL owners know that doesn't always lead to a profit. It looks pretty likely there's a lot of oil down there, and that given time someone will produce some of it, but it's much harder to know how much of the profits are going to be shared by a small cap like Char. As Log has said these wells are very expensive, and being able to fund a couple is no guarantee that you are going to be able to stay at the table to the end of the game.

For Char to end up a major winner for investors they are going to need a very good result (flowing light oil over a decent column and good permeability) early on. They haven't had it yet, though they remain in the game, but talking about 8 wells at 25% COS gives a misleading impression of the odds of a big return for shareholders. That doesn't mean that a more modest return over as longer period isn't possible, they may be able to stay in by farming down (and down), but a big hit requires early, clear success, and the COS of that is a lot less than 25% on a well.

[triples] 11/12/2012 09:16

£45/share => £9bn MCap .... won't happen.

£4.50/share => £900m MCap .... with a good find or two, that's quite possible at t/o

[ronan7] 11/12/2012 08:56

there we are then

so much upside

i`d be happy to see the bid hit 28p and hold on to that , and push from there

£ ?.......is somewhat off if ever

[loglorry1] 10/12/2012 22:01

Yeah the old 25% CoS - thing is it normally turns out more like 10% as far as I can see. The big guys will want the lion's share and they'll get it. The problem will come if they don't see enough success to warrant spending more capital to get to the end game. These wells are very very expensive. If we don't start to get some decent results in the next two or three then CHAR is going to find it pretty hard to get carried and they don't have enough cash to get very far on their own.

Could go either way though and trading at cash there isn't a great deal of risk. I don't think we'll see £40/shr though that just is very unlikely IMHO.

Log