Chariot Share Discussion Threads

[fairenough11] 22/1/2013 13:00

vwnige,

If you search on Jimmy's posts on III you will find quite a few posts that try and draw comparisons with other similar potential/provisional resources V char.Nearly all the comparisons draw the same conclusion,CHAR is undervalued in a MAJOR way,right now.

We have HRT just about to start their drilling campaign in Namibia and they seem very confident in their 3D Seismics and comparisons to Brazil.We have BP/Petrobas heavily involved and we have the mystery surrounding Nimrod and TAPIR.

We have Tullow heavily involved in Mauritania and Repsol,Anadarko,Cairn,Genel in Morocco.

As CHAR are taking the Farm out route with their blocs,then their cash at present is more than sufficient for ongoing commitments.They say they have lots of interest in their Central Blocs in Namibia,so no problem there.

You can get to £3+ easily as a valuation and of course the share price rose to that figure Pre drilling.Should HRT strike pay dirt though then I could easily see new highs on Namibia alone and then if Tullow strike in Mauritania same again.
Its all to play for,but at current levels we barely cover cash in bank with nothing for Billion barrel potential of Namibia,Mauitania and Morocco,plus the very expensive 3D Seismic data Char have in their possession as well as the VERY VALUABLE DATA FROM NIMROD AND TAPIR.

All to play for imo.

[hedgebetter] 22/1/2013 12:45

VWNIGE - Read this for Chariot - its the Ambrian report ...



"Our estimate of Chariot's current fair value is roughly twice its share price. In our success' scenario we estimate Chariot's shares could be worth 380p by end-2013, while in our failure' scenario we estimate they could be worth 25p"

[vwnige] 22/1/2013 12:27

Hers..

I dont know to value an oilie mate, that is why i thought i would ask some of the more experienced investors on here...

When you look at a companies like DES, who have never found anything and have limited assets but yet have a simular marKet cap to CHAR..

I wouldnt know where to start...

[herschel k] 22/1/2013 12:21

No worries Nige. :)

I stand by my £58 a share.

What's your view?

[vwnige] 22/1/2013 12:18

Herschel..

Very sorry that i upset you with the question..

For some reason i thought these BBs were for gathering shareholder views :-)

[fairenough11] 22/1/2013 11:56

H,

LOL.Great book that "thinking positive" innit?

Made me laugh that lol.

[herschel k] 22/1/2013 11:53

vwnige,

about £58 a share.

H

[herschel k] 22/1/2013 11:52

m5

*tips hat*

[vwnige] 22/1/2013 11:52

I have read lots of posts about us beng undervalued..

What is current fair value for our assets and cash ?

[mirabeau] 22/1/2013 11:51

CHAR's chart is a thing of beauty

[m5] 22/1/2013 11:49

triples, indeed, good luck to us all here. Aye up HK, :-)

[herschel k] 22/1/2013 11:45

Just added some more

[grittar] 22/1/2013 11:29

I am not mad keen on TA when it comes to companies like CHAR because the movement in price is based in the end by news.

For me I am in on this for my SIPP and I am happy to wait a year or two to get best value providing of course we hit oil. If we do we could see £1 to £3 per share (perhaps more).

My view is that the shares are a great gamble. We have good partners and others are drilling in similar locations.

Namibia looks great for oil discovery.

[fairenough11] 22/1/2013 11:10

As the potential here should Dr Drill do his thing is absolutely enormous,I welcome any buyers/sellers/traders etc as strength is gained by sellers and new buyers entering thje fray on our way back to initially £1+,then the all time high of £3+ and should we strike oil you can name your own price,even with future dilution to fund the extraction/production etc.

The large players in Namibia are convinced that its a new Oil Frontier with Billions of barrels of Oil waiting to be extracted and HRT are certain its similar in structure to the Brazilian discovery,if so they know a thing or two about such a structure.Major Oil also in Morocco and Mauritania so any strike instantly adds great value to Chars acreage there.
==================================================================================
In the last years, Namibia has attracted the global oil industry attention due to the similarities of its offshore basins with two rich Brazilian basins: the Santos Basin, where the pre-salt layer discoveries can more than double the national reserves, and the Campos Basin, which is responsible for more than 80% of the national hydrocarbon production in the country.

The Namibian coast is consisted of four continental sedimentary basins – Namibe, Walvis, Lüderitz and Orange. All of them are considered frontier areas, that is to say, little-explored areas on hydrocarbon accumulations, thus with potential for large oil and natural gas accumulations.

The studies made by HRT`s specialists indicate that Namibia is a Brazil-conjugate margin in the South Atlantic since they share a common geological history. Through the acquisition of assets in the African country, the company became to be the major holder of offshore areas under concession, with 12 exploration blocks covering an extension of 68.800 km2, being the operator of 10 of them. In these assets, the consulting firm D&M estimates that the company has 6.9 billion BOE in net risked prospective resources.

The largest 3D seismic survey ever performed in the West African coast has been conducted by HRT. Such survey covers approximately 10 thousand km² in prospects previously mapped in 2D seismic. The geological and geophysical investigations have been increasing the expectations concerning the Namibia`s potential. In seven prospects mapped by the company`s specialists, they estimate 28.5 billion BOE in P(10) unrisked prospective resources.

[triples] 22/1/2013 10:54

Hi m5

In the sand box, I trade in and out with DMA and never have very many shares there even when I have no cash left to buy more. I like to trade a bit and it stops me messing around with the big pot (SIPPs) which is 25x larger.

So only about 4% of my total holding ever gets traded.

I think I am nearly on the same page as you :)

[m5] 22/1/2013 10:44

triples 22 Jan'13 - 09:27 - 966 of 969

I dont mind a bit of trading but when a share is as undervalued as this is, with what seems to be limited downside, and massive upside, trading for a few pence seems a bit bonkers.Each to their own mind. The chart just looks primed so I'll sit on my hands. :-)

[mirabeau] 22/1/2013 10:42

£22k splashed out there. I wish

[hedgebetter] 22/1/2013 10:35

The Ambrian study thought £3.80 possible end of 2013...if I recall correctly..

[mirabeau] 22/1/2013 09:30

It's a no brainer imho. With the market valuing the company simply on its cash balance is crazy without any added value for its other assets. This discrepancy is comforting and provides a good margin for error. Healthy chart as well..primed

[triples] 22/1/2013 09:27

m5,

Absolutely right. In the past I would have tried to trade in and out to make a bit extra but realised that the easiest, but oddly, also the hardest thing to do is to load up low, strap yourself in and wait until the action really starts (btw a takeover in this case, imho).

To allow myself a bit of messing, I have a completely separate account with a small amount of money in it for trading. That's my sand box.

[m5] 22/1/2013 09:17

Secret here is to ride the rise. Hold tight chaps.

fe11, no problems appreciate you pointing this one out, already in the money but looks to be substantial upside here. Cheers.

[fairenough11] 22/1/2013 09:17

cheers m5.

Is that a GAP to fill at 80p/88p?

That would be nice.