Chariot Share Discussion Threads

[hedgebetter] 23/1/2013 09:21

@stockriser ..I thought the 3% rule was a rule of the exchange - I.e LSE and not where the company is incorporated...

@Mariopeter .. yes

GLA

[fairenough11] 23/1/2013 09:17

jimmy iii -cheers

This tells me that bp are going to become operator of offshore blocks.
As bp do not have any seismic obligations on any of it's licence interests, then the new Namibian office has to be for the drilling of new wells.
The $167 million expenditure is unclear if this includes past expenditure or is a new expenditure commitment. In the worst case scenario if it included past expenditure , then bp will drill at least one additional well, if it excludes past expenditures then this looks approx 3 new wells.one in serica block, one in chariots block 2714 a and one other .

Either way the results of last years drilling have not deterred bp from exploring further in Namibia,
Jimmy

[lanaken] 23/1/2013 09:17

Well we've had a few little clues sneaking out recently and there might be some of us putting one and one together and coming out with alot more than two.

Yeah that's you and me fairenough for starters.

In recent days

BP taking their time with evaluation and drilling decision on SQZ's acreage. Now towards the end of H2 instead of end 2012. See RNS.

HRT seemingly getting closer to news on farmout phase two Namibia.

BP reported to be drilling another well off Namibia whilst same article refers to further evaluation of SQZ acreage.

BP spending $168m in Namibia and opening offices.

My conclusions. Good news on BP?Petrobas related Namibia projects halted until HRT farm out is done. Nimrod will get drilled again. Massive numbers on SQZ's central block and commitment to drill in the pipeline.

I might be wrong but FWIW, the majority who add up one and one and get nought are more likely miles off the mark, imv.

DYOR,

repo

[david brent] 23/1/2013 09:04

BIG OFFICES ;)))

Is that an american thing, something to do with obesity!


Meanwhile, elsewhere in Namibia the chinese are planning to open small offices... FFS.

[mariopeter] 23/1/2013 08:58

"No worries VWNige. I tend to build a substantial holding in a share - then hold onto them for a few years...."

Hedgebetter .......really

[fairenough11] 23/1/2013 08:42

Boys because we have drilled a duster in Namibia its now time to open BIG OFFICES there.

wake up and smell the coffee.

Nimrod re drill anyone.

[fairenough11] 23/1/2013 08:35

repo,

so do I.

Billions of barrels and they know it.

Buy and hold em tight imo.

[lanaken] 23/1/2013 08:33

Young further said that British Petroleum (BP) has committed US dollars 167 million (about N.dollars 1.5 billion) on offshore oil exploration in Namibia to re-open big offices in Namibia this year.

Why open an office if the drilling results from Nimrod and seismic shot with SQZ are so unpromising as the CHAR and SQZ newsflow and subsequent share prices suggest.

I think I know!

repo

[stockriser] 23/1/2013 08:26

Newsweller, re: RNS - What I am hearing is that they did go below the 5% (but I believe just below, therefore still hold approx 10mill) and as such they do not now have a disclosable interest.

Thanks to Bonus on LSE for the info below.....

5% as Chariot is Guernsey incorperated, meaning overseas and need only to disclose crossing the 5% treshold and thereafter only with every next 5%

[newswseller] 23/1/2013 08:16

PIs doing the selling this morning... Yawn...Might get in contact with IR to find out the score with yesterdays RNS

[fairenough11] 23/1/2013 08:15

re email--cheers

" With specific reference to the fall in the share price post the Kabeljou well in September, we were restricted in what we could announce as we did not operate this well and were bound by partner confidentiality."

hmmm,the mind boggles---not.

Nimrod redrill anyone?

[stockriser] 23/1/2013 07:51

Now that the news flow is starting I am sure there are a lot of pi's doing a bit of research into Namibia. The link below is excellent with regards indicating where all these licences are situated.



PS - Don't spend too long doing your research you may miss the boat ;-)

[hedgebetter] 23/1/2013 07:44

Interesting....they know, we know, there is oil down there....

On another note - CEOBOB on iii = is he paranoid - dillusional = or hitting the mark on some of his comments. The problem is - it's all jumbled up!

2013 will be fantastic that is for sure...!

[fairenough11] 23/1/2013 06:04

from iii cheers

Filing Services Canada |
FSC / Press Release


Alberta Oilsands Completes Acquisition of Offshore Namibia Blocks

NOT FOR DISSEMINATION IN THE U.S.A.

Calgary, Alberta CANADA, January 22, 2013 /FSC/ - Alberta Oilsands Inc. (AOS - TSX Venture), is pleased to announce that further to its press release on December 18, 2012, the Company has completed its acquisition of interests in petroleum exploration blocks 2712A and 2812A ("Namibia Licenses"), located in the Orange Basin, offshore Namibia.

AOS has acquired 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 Namibia Licenses. The remaining 15% of Leopard Investments is controlled to the benefit of Namibian economic empowerment and local groups. The Company's interest in the Namibia Licenses is 85%.

In connection with the issuance of the Namibia Licenses, Leopard Investments Ten (Pty) Ltd. and the Government of the Republic of Namibia entered into a Petroleum Agreement for the operation of Blocks 2712A and 2812A which provides, among other things, that the National Petroleum Corporation of Namibia (NAMCOR) will be assigned a 10% carried interest in the subject blocks up to the production stage. The work commitment for the Namibia Licenses is USD $6,000,000 (the "Work Commitment"), to be expended in acquiring geological and geophysical data (including seismic data) over the first four years of the Namibia Licenses. Ten percent of the Work Commitment will be guaranteed by AOS. In addition, AOS has agreed to pay approximately US $130,000 per year for annual rental payment and for the purpose of the training and education of Namibians.

As consideration for the acquisition, AOS paid an aggregate of US $1,500,000 and issued 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, if certain conditions of the vendor are satisfied. 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") to an arm's length third party. 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 Namibia Licenses remains subject to TSX Venture Exchange ("TSX-V") final acceptance.

Blocks 2712A and 2812A are situated in the Orange basin off of the southern coast of Namibia and are adjacent to blocks owned by HRT Participacoes em Petroleo 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 that subject to further evaluation, it may potentially drill a well on its Orange Basin acreage, to the east of AOS, in 2013. The Namibia Licenses cover an area of approximately 2.7 million acres and are also situated directly west of the Kudu Gas Field. A NI 51-101 technical report is currently being prepared.


About Alberta Oilsands Inc.

Alberta Oilsands Inc. is engaged in the exploration and development of drill-defined domestic assets, and an expanding portfolio of international projects. AOS holds 106 bitumen leases in the Athabasca oil sands region of northeast Alberta, primarily its flagship Clearwater and Grand Rapids projects. In addition, the Company's new Africa initiative is focused on active and known onshore and offshore basins on the East Africa Rift System and the offshore in pursuit of additional Cretaceous and Miocene aged critical mass opportunities. The Company's head office is located in Calgary, Alberta, Canada and Alberta Oilsands' common shares are traded on the TSX Venture Exchange under the trading symbol AOS

[skiboy10] 23/1/2013 02:07

With thanks to reidy66 from the FXD thread



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If it pulls back a bit more we should see good support at 1.5p based on previous support, the 50% FIB level and the 200 day MA.

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TOM has bounced nicely off the 200 day MA, 50% FIB level, and general support at around 1.5p.

[hedgebetter] 22/1/2013 21:09

2013 - year of the Chariot ....

Some of the buys that went in - I was watchin L2 all day - as I do most days...were quite large.

Almost 5% of the company has changed hands in two days..some will be day traders. Some will be in for the long haul. Some like me will already have filled their boots and cannot be shaken out by the Bots and MM's

Good luck to all - this is IMO the best upside play of 2013 so far...

[simonaj30] 22/1/2013 20:36

Yes a big thanks Ticato

"With specific reference to the fall in the share price post the Kabeljou well in September, we were restricted in what we could announce as we did not operate this well and were bound by partner confidentiality."

lovely to see it from the horses mouth

[vwnige] 22/1/2013 20:22

Ticato..

Great stuff...

Thats a very positive email and it gets exciting reading it....

Why dont you post in on the III board, there are some very knowledgable posters on there...

[hedgebetter] 22/1/2013 19:49

Thanks Ticato. All positive stuff.

Timberwolf - good find. Yet more positive stuff for our nil priced morrocan acreage... :-) but not for long.......it will get valued in soon...

[hedgebetter] 22/1/2013 19:49

Thanks Ticato. All positive stuff.

Timberwolf - good find. Yet more positive stuff for our nil priced morrocan acreage... :-) but not for long.......it will get valued in soon...

[timberwolf3] 22/1/2013 19:37

Chevron grab a slice of Moroccan acreage.

[ronan7] 22/1/2013 19:14

thx ticcy

on the r n s earlier...so they have sold some shares...less for them to sell another time

i have previously stated that since mid nov 2012 when i bought in...the 1st and last half hour of too many days bears no resemblence to what goes on in the other 7 hrs...and it will most likely to continue to be so

[triples] 22/1/2013 18:52

Hi Ticato,

Great post - thanks for sharing.

triples