Chariot Share Discussion Threads

[hedgebetter] 21/1/2013 17:04

I cannot read you Hub - cos you are filtered - but I can laugh at you - hahaha.

[hedgebetter] 21/1/2013 17:03

Triples - where are you old boy!

[ronan7] 21/1/2013 17:02

not too hit at the end of the day

looking good

[hedgebetter] 21/1/2013 16:58

So ...that was 3.5% of the share cap that changed hands - nice support.

This will be £1 by 31/March.

2013 - year of the chariot....

[alex hawk] 21/1/2013 16:55

I see 100 day MA at 34.02 - I see it has been taken out today? Anyone confirmTimes like this when you wished you bought more but when this was doing nothing for months I was wishing I bought less lol See no major resistance - first stop 40p then Bluesky potential.

[hedgebetter] 21/1/2013 15:30

It's great to see value finally being recognised. Onwards and upwards.

[ronan7] 21/1/2013 15:18

thx for the link

[hedgebetter] 21/1/2013 15:02

looks like 3% of the company just changed hands..

[ronan7] 21/1/2013 14:42

well.......touching 35p

and how we struggled past 28/30 and 32p

as said before next sticky bit will be 38-39p

happy to be wrong

[sos100] 21/1/2013 14:34

or selling out too soon.(Surely most aren't interested in 10-15% gains ;-)

which is often the case with private investors (i know i've done it many times!)

[alex hawk] 21/1/2013 14:30

As it stands we are taking out the 100day MA which might provide an additional layer of support on any retrace. Nothing like locking in a bit of profit ;-)

[sheikhydave] 21/1/2013 14:12

Another 20p should be possible over the next 2-3 weeks maintaining my 54p target from last night.

[stockriser] 21/1/2013 14:01

Great rise with great volume ;-)

[hedgebetter] 21/1/2013 14:00

Great rise today. Still massively undervalued. :-)

[crosswire] 21/1/2013 13:51

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.

[crosswire] 21/1/2013 13:50

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.

[hedgebetter] 21/1/2013 13:29

I agree Grittar. Fantastic upside....

[grittar] 21/1/2013 13:24

My view is that the rise is simply down to realisation of the companys prospects. Its the risk/reward game.

The probability is that Char have oil somewhere and when you take a close look at the risk/reward ratio you can see why some people are taking a punt with Char.

There is unlikely to be positive news in the very short term but 2013 should be a great year for Char and for the other companies drilling in these locations.

We need a little bit of luck. My feeling is that we will see £1 at some stage in next 6 months.

[m5] 21/1/2013 13:14

Added this am, this could really rerate IMHO.

[ronan7] 21/1/2013 12:58

all gone quiet

lunch time is it

[ronan7] 21/1/2013 12:38

well said earlier we may have 2 million in the buy column at the end of the day
that already passed

that may be 3.5 million now

[lanaken] 21/1/2013 12:38

SOS100,

What I'm saying is there is either good news just around the corner, most likely HRT farmouts phase two, or there isn't. In the latter case we'll probably see 30p again.

Doesn't matter to me much because I won't even try to trade these at these levels, let alone sell any.

repo

[stockriser] 21/1/2013 12:35

MM's want 35.31 for 50k cough cough ....

[mirabeau] 21/1/2013 12:34

Pure blue-sky ahead..unchartered territory