Chariot Share Discussion Threads

[andonis] 19/12/2012 07:56

yes ocdo looks its gonna pop up.....best of luck CR

[stockriser] 19/12/2012 07:20

Thanks FE11

"to position the Company in prospective and active basins surrounded by anticipated activity, which is closely followed by capital markets."

[fairenough11] 19/12/2012 06:24

Calgary, Alberta CANADA, December 18, 2012 /FSC/ - Alberta Oilsands Inc. (AOS - TSX Venture), ("AOS" or the "Company") is pleased to announce that in keeping with its international strategy, the Company has agreed to acquire an interest in blocks 2712A and 2812A ("Licenses"), located in the Orange Basin, offshore Namibia.

AOS has agreed to acquire 100% of Maroon Hill International Limited, a BVI company which owns 85% of Leopard Investments Ten (Pty) Ltd, a local Namibian company that directly holds 100% of the licenses. The remaining 15% of Leopard Investments is controlled to the benefit of Namibian economic empowerment and local groups. The Company' net interest in the Licenses will be 85%.

As consideration for the acquisition, AOS has agreed to pay an aggregate of US $1,500,000 and issue 20,000,000 shares in the capital of the Company at an attributed value of $0.10 per common share (the "Consideration Shares"). An additional US $1,000,000 is payable on the 1st anniversary of the closing date. A finder's fee is payable in the form of the issuance of 2,250,000 common shares at an attributed value of $0.10 per common share (the "Finder Shares"). The Consideration Shares and the Finder Shares are subject to a statutory hold period of four (4) months plus one (1) day. The acquisition of the Licenses remains subject to TSX Venture Exchange ("TSX-V") approval.

Blocks 2712A and 2812Aare situated in the Orange basin off of the southern coast of Namibia and are adjacent to blocks owned by HRT ParticipacoesemPetroleo SA, who have announced their plans to commence drilling activities in the Orange Basin in 2013.The Chariot/Petrobras/BP joint venture has also announced its intention to drill a well on its Orange Basin acreage, to the east of AOS, in 2013.The Licenses cover an area of approximately2.7 million acres and are also situated directly west of the Kudu Gas Field. A NI 51-101 technical report is currently being prepared.

Binh Vu, interim CEO of AOS stated "This transaction meets the stated criteria as set out in the Company's press release issued November 19, 2012, namely to position the Company in prospective and active basins surrounded by anticipated activity, which is closely followed by capital markets."

[hedgebetter] 18/12/2012 22:04

You ever wonder why fund managers can't beat the S&P 500? Because they're sheep, and sheep get slaughtered. Gordon Gecko...

Buying CHAR now, is about the best time to buy. Remember Rothschild - buy when there is blood in the streets - even if it's your own' ...

I will be accumulating more over the next 3.5 days....

[triples] 18/12/2012 17:42

Narrow range of trading today and SonL seems to be falling in the chart in header. Large UT at close.

This is slowly gaining traction to head up.

[stockriser] 18/12/2012 12:57

Ronan - you have to use your imagination m8 ....lol

[ronan7] 18/12/2012 11:55

can`t read it SR looks like an oval and a line to me

[fairenough11] 18/12/2012 09:43

Exxon Agrees to Buy Stake in Offshore South Africa Blocks

By Edward Klump - Dec 17, 2012 9:09 PM GMT

Exxon Mobil Corp. (XOM), the biggest U.S. oil company, will begin exploring off the coast of South Africa after it agreed to buy a 75 percent stake in blocks owned by Impact Oil & Gas Ltd.

Exxon will control operations in the area it's acquiring in the Tugela South Exploration Right from closely held Impact, according to a statement from the Irving, Texas-based company today. Terms weren't disclosed for the acquisition, which includes the right to buy a 75 percent stake in three other offshore areas Impact has permits to study.

Exxon has been facing production declines as discoveries from past decades falter and governments in the Middle East and Latin America prohibit exploration by foreign businesses or make it too expensive. The company is turning to South Africa, which has become one of Africa's hottest attractions for energy producers such as Royal Dutch Shell Plc (RDSA) and Anadarko Petroleum Corp. (APC)

"South Africa is one of the new areas offshore that there seems to be growing interest in," Brian Youngberg, an analyst at Edward Jones in St. Louis, said in a telephone interview. "Thoughts have been that South Africa is probably an uptapped market that could really see production grow in coming years."

Exxon doesn't have any existing operations in South Africa and will explore for oil and natural gas, Patrick McGinn, a company spokesman, said in e-mailed responses to questions today. Information on the cost and schedule of Exxon's exploration program is considered confidential, he said.

Exploration Rights

The Tugela South Exploration Right covers 2.8 million acres near Durban off the east coast of South Africa, in water depths of as much as 6,500 feet (2,000 meters). The additional exploration rights cover 16 million offshore acres.

Impact, based in London, has one of the largest holdings off the South African coast by a closely held company, according to its website.

"We believe South Africa has significant potential and we will continue to look for additional opportunities there," Stephen Greenlee, president of Exxon's exploration company, said in the statement.
Separately, the company also got a permit from the South African government to study the potential of the deep-water Durban Basin, covering about 12.4 million acres. Exxon has exclusive rights to study the area for a year and can seek a permit if it wants to explore further.

Orange Basin

Last month, The Hague-based Shell said it was collecting seismic data in the Orange Basin off the north-west coast of South Africa. The company may make a decision on drilling in the next year or so. Anadarko, based in The Woodlands, Texas, has interests in about 24 million gross acres off western South Africa, according to a company presentation.

Exxon is lagging behind rivals in finding new energy sources. It found enough oil and gas last year to replace 107 percent of what it pumped from wells, a so-called reserve- replacement ratio that was less than one-third that of OAO Rosneft, data compiled by Bloomberg show. Exxon formed a partnership with Russia's Rosneft last year to increase its access to resources in the Arctic and Black Sea region.

Exxon, in a report earlier this month, raised its long-term global energy-demand growth estimate to 35 percent from 32 percent as expanding populations in Africa and India use more electricity.
The company remains growth-challenged given its size and scale, and it's hard for Exxon to find new areas that can "really move the needle," said Youngberg, who has a hold rating on Exxon shares and doesn't own any. If South African exploration is successful, production may come online near the end of the decade, he said.

"They have the cash flow to explore numerous areas around the world on an ongoing basis in order to hopefully find some new production that could help them over time," Youngberg said.
Exxon rose 0.9 percent to $88.87 at the close in New York.

[stockriser] 18/12/2012 09:26

Anyone else see where I am coming from medium term ;-)

[fairenough11] 18/12/2012 06:14

from iii cheers re HRT



The chance of success and Pmean for each near-term prospect is as follows:

Prospect chance of success Pmean
Wingat 27% 1 billion barrels of oil equivalent
Murombe 23% 4 billion barrels of oil equivalent
Baobab 27% 1 billion barrels of oil equivalent
Moosehead
25%

3 billion barrels of oil equivalent
Meerkat 20% 1 billion barrels of oil equivalent
Sitatunga 20% 1 billion barrels of oil equivalent
Case 1 - No further farm-out agreement is reached

Chance that all 4 prospects fail = .73 x .77 x .73 x .75 = 31%
Chance that at least one well is a success = 69%
================================================================================
So the chances of Char profiting from hrt's potential success in namibia are also high.

bring on 2013 I say.

GLA

[andonis] 17/12/2012 20:53

Line of the day

[ronan7] 17/12/2012 20:51

wow..
not many business days left this year for announcements



................we may not get any till mid jan

[andonis] 16/12/2012 14:15

Lines to remember

[andonis] 16/12/2012 09:36

Unlikely to hold this supprort.....

[ronan7] 15/12/2012 15:59

a few days of tick ups ,will give us a view on any news

lets hope so

[andonis] 15/12/2012 11:11

Here is in red lines yesterdays post on what I thought FTSE will do, and here is what happened......

[fairenough11] 14/12/2012 09:08

gonna be a busy few weeks here at Char

Central blocs--complete 3d Interpretation
Tapir South--complete well result analysis
Mauritania---commence 3d seismic acquisition
Morocco--2d data to be reprocessed and reinterpreted
All before year end and HRT second Farm out(MAJOR OIL) any time.
Data Room open for Central blocs Q-1 2013
and HRT drilling campaign begins