Chariot Share Discussion Threads

[hedgebetter] 21/1/2013 08:21

Make that 36p by Friday

[fairenough11] 21/1/2013 08:14

32p going going.....................

[wild_goose] 21/1/2013 07:45

RNS Fromm SQZ out.

They have caught CHAR disease, news on Nammibia under wraps.
News on the seismic was due at the end of 2012, now put back at least 6 months, probably more.
BP strikes again.


FORWARD PROGRAMME
During 2013 the Company is planning for the following events:
 
• Columbus field - final development approvals expected to achieve mid-2015 first gas production
• Namibia - full results from the Luderitz Basin 3D seismic survey with drilling decision 2H2013
• Morocco - two well programme, commencing 4Q2013
• Ireland Rockall - partnership arrangements to drill the Muckish prospect
• Ireland Slyne - farm-out campaign to follow up the 2009 oil discovery
• UK North Sea - 3D seismic survey to appraise gas prospects in the York area
• UK East Irish Sea - completion of the Doyle farm-out and site survey prior to drilling

[newswseller] 20/1/2013 22:10

Just buy n hold till mega bounce, farmout, central update , HRT TD

[alex hawk] 20/1/2013 21:46

Lol no news Monday and peeps must be thinking sell at 31p and buy back 5-8% cheaper perhaps, hmm who knows

[newswseller] 20/1/2013 21:33

Busy thread this weekend, everyone super positive, prob means this one will loose all of Fridays gains lol

[ronan7] 20/1/2013 20:56

our honour/skill and bits are on the line then

[hedgebetter] 20/1/2013 20:38

34p...I like a bet Ronan

[ronan7] 20/1/2013 20:32

ok lets play friday 27th close price

35.25p on the bid


any takers

[alex hawk] 20/1/2013 19:52

Interesting thanks for sharing SD.

[sheikhydave] 20/1/2013 19:47

I like to look for a series of small events occuring at the same time, including looking for historical timescale patterns of rallies and downturns. I examine moving average performance, meaning once a share price rises above or falls below a key average(s), how long does it maintain this and how often is the SMA seen to be rigid support or resistance. I also compare previous key moments (daily chart) with the current set up looking for divergence in a range of indicators, momentum versus previous, as well as breakouts of the indicators themselves.
Are there 3 point of support or resistance that will soon converge? Be they horizontal, oblique or a moving average, if three points converge at the same time as the other events, this adds credence to any conclusions.
It might all seem a bit wishy washy but it has worked well for me on many shares like GKP and BARC, as well as the DOW.

[alex hawk] 20/1/2013 19:20

SD, by what method of TA do you see 54p?

[sheikhydave] 20/1/2013 19:05

Hi. My TA is not what you would call traditional TA, so you may take this with a pinch of salt, but I can see the distinct possibility of 54p in 2 to 3 weeks time.
I hold no position here at the moment.

[hedgebetter] 20/1/2013 19:04

Scotslass tweet on a BP/Char east(ish) Africa tie up - https://twitter.com/_scotslass_

what is that all about? I suppose she will either retract - or amend - or forget - or it could be something very new....we shall soon see...!

[fairenough11] 20/1/2013 19:02

from iii cheers



Oil-rich coastlines lure fuel giants
BY TINA WEAVIND, JANUARY 20 2013, 11:33 | 0 COMMENT(S)




Oil price dips back below $111, weekly gain on track
Iraq plans tough steps against foreign oil firms
Slow pace on laws stalling Africa energy
SA gears up for rush of energy explorers
Nigeria oil output seen steady in 2013
EXXON Mobil, the world's biggest listed oil and gas company which last month signed an agreement to start offshore exploration activities on the east coast of South Africa, is just one of the many major and sub-major energy companies that are increasing their footprint off the coast of the continent.

Under the agreement, Exxon Mobil will operate in the Tugela South Exploration Right, which covers about 2.8-million acres off the coast of Durban. According to exxonmobil.com, the company's exploration wing also has the right to buy 75% interests in future exploration rights in three offshore areas, subject to South African government approval.

Oil exploration is also big news up the west coast of Africa.

Global experts are betting there are about 75-billion barrels of untapped oil worth about $7.5-trillion in this geological zone, a possibility that would have significant implications for Namibia - and rest of the SADC region - within the next four to five years.

Stakeholders, potential investors and experts gathered in Windhoek, Namibia, early last month to discuss the opportunities and ramifications of the exploration plans, which involve drilling wells deep into the sea bed.

The "pre-salt" layer, believed to contain oil, is part of a geological formation that corresponds to oil-rich basins off the coast of Brazil. The thesis is that west and southwest Africa were once conjoined with Brazil. In 2007, the discovery of the "pre-salt" Tupi oil field (now the Lula oil field) 250km off the coast of Rio de Janeiro was the biggest offshore find in the Americas in 30 years.

Pre-salt exists up to 6km below the sea bed under layers of rock and salt and is vastly expensive to extract.

Stephan Kornelius, senior executive of management consulting at Accenture, put the figure at about $150-million to drill a single well. However, if the prospects are as vast as these energy companies believe, the break-even point will come relatively quickly.

Stuart Joyner, head of oil and gas at Investec, said Brazil's pre-salt oil - the nearest geological analogy to the west Africa formation - is some of the lowest cost of any off-shore oil in the world.

The hype about the west African pre-salt oil was dealt a serious blow early last year when British energy explorer Chariot Oil & Gas failed to make a commercial find in either of its two exploration wells at its Tapir South or Nimrod prospects off the Namibian coast, costing the company 85% of its market value in addition to the drilling expense. But so confident is management about the existence of oil that two more exploratory wells are planned for this year.

In addition to Chariot, many other independent and national energy companies are pouring billions of dollars into seismic and other forms of research into the region. Some of these include BP, Petrobras, HRT Participacoes em Petroleo SA, Galp Energia and Chevron.

Brazilian company HRT will be sinking four exploratory wells off the Namibian coast starting next month, two in the Walvis Basin and two in the Orange Basin.

CEO Marcio Mello is anticipating more than a billion barrels a well. The water depth of the sea bed at the well sites ranges from 150m to 1600m and the depth of the wells will be between 3km to 5.5km.

In November, HRT announced that new research using top-quality 3D-seismic equipment had shown an increase of 6.6% on previous oil estimates in the company's Namibian prospects. The company is now looking at about 5.1billion barrels of crude oil and condensate, and 2.3-billion barrels of oil equivalent associated and non-associated gas.

One of the biggest concerns for the energy companies, according to Accenture's Mr Kornelius, is that the wells will produce more gas than oil. This would result in a "major derailment" of drilling operations, he said.

Mr Kornelius said that while gas might become more commercialised in the Southern Africa region in the future, there is little demand at the moment and the finds would have to be astronomically big to make them financially viable.

The US, the world's greatest consumer of gas, has its own source in the Atlantic Basin.

Europe sources its gas from North Africa, and in terms of distance, east Africa is more competitive for China than west Africa would be.

In contrast, the oil market is liquid, there is high demand and it can be loaded onto tankers at the well head and taken directly to market.

For the countries concerned, oil finds of the size estimated offer an opportunity for phenomenal amounts of cheap money. Generally there is zero cash outlay from the country off whose coast the oil is extracted, and funds flow in through taxes or production- sharing agreements.

But Nigeria and Angola, oil-rich countries where the vast majority live in grinding poverty, have not inspired a great deal of confidence that the finds will benefit any more than a select few.

* This article was first published in Sunday Times: Business Times

[hedgebetter] 20/1/2013 18:48

CHAR is picking up - lots more posters - across multiple boards - and they are usually the very tip of the iceberg....

2013 - year of the Chariot...!

[fairenough11] 20/1/2013 18:45

greyingsurfer 20 Jan'13 - 18:36 - 847 of 847

here's the thing,I think they already know/knew what's what with Nimrod.

when is a duster not a duster?

Tactics dear chap,tactics.

[greyingsurfer] 20/1/2013 18:36

I would really like a Nimrod re-drill to re-rate us instantly.

Much better to wait till they've fully analysed the 3D incorporating the well results so they can set up a proper drilling program aimed at the best prospects.

[alex hawk] 20/1/2013 18:28

Nimrod II could happen, they didn't hang around gathering data after the duster for no reason IMO.

[fairenough11] 20/1/2013 18:09

hmm,interesting.BP?

I would really like a Nimrod re-drill to re-rate us instantly.

whatever,looks like things are hotting up a wee bit.

[hedgebetter] 20/1/2013 15:18

We do not have acreage in East Africa...very odd. The plot thickens.

Fastnet are drilling in 2013 - Morocco - Hotspot ..6500sqkm license area



includes directors who without them Cove Energy would not have had the success they did. Their KEY focus is Morocco - period.

Also - Gulfsands Petroleum announces completion of Cabre Maroc interests in Morocco

And - Tangiers enters into a farm-out agreement for with Galp Energia for Tarfaya Offshore area, Morocco

Hmmm...our 16,195 sqkm Moroccan acreage is valued at ...zero...LOL. Either way - Fastnet will drill first and it will be an exciting time for chariot to watch...

In addition - Tower will drill in Namibia..looking at their accounts - probably circa £2M cash ..a small Namibia license, a duster un Uganda, and some license in a country with a lot of legal disputes..market cap...hmm...their acreage is valued at quite a chunk actually ... go figure...Chariot is undervalued by a mile - and is now recovering...

[greyingsurfer] 20/1/2013 14:40

"Eastish" Africa? Didn't know CHAR had any acreage there.

[ronan7] 20/1/2013 14:32

there we are then

taking investing advice from a twitter

the times we live in

[triples] 20/1/2013 14:21

vw nige

scotslass hadn't posted on twitter for a couple of months. He/She had *apparently* sailed a bit too close to the wind re insider knowledge. Anyhow, this is their recent post: