Chariot Share Discussion Threads

[fairenough11] 29/1/2013 08:11

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

[fairenough11] 28/1/2013 16:20

from iii cheers
Eco Atlantic partners sign Joint Operating Agreements on all offshore licenses ahead of imminent regional drilling campaigns
Press Release: Eco Oil & Gas (Atlantic) Ltd. – 1 hour 29 minutes ago
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EOG.V 0.50 0.03

TORONTO , Jan. 28, 2013 /CNW/ - ECO (ATLANTIC) OIL AND GAS LTD. (TSX-V: EOG; NSX: EOG) Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or the "Company") is pleased to announce that, through its wholly- owned subsidiary, it has signed three Joint Operating Agreements ("JOA's" or the "Agreements") with NAMCOR, the National Petroleum Corporation of Namibia , and Azimuth Ltd. ("Azimuth"), an exploration and production company backed by majority-owner Seacrest Capital Ltd. and Petroleum Geo-Services ASA ("PGS").
The Agreements were signed with respect to the Guy, Sharon and Cooper license blocks (Collectively, the "Licenses") located in the prospective Walvis Basin offshore Namibia .
Colin Kinley , Chief Operating Officer of Eco Atlantic, from the Company's Windhoek office in Namibia commented: "The Agreements signed by NAMCOR and Azimuth is an important event for the Company and will enhance the exploration efforts of our three offshore blocks. We support the maturity of the partnerships, and embrace the opportunity to work with experts at NAMCOR and Azimuth. Collectively, we bring extensive oil and gas experience to the Walvis Basin. We understand this oil play and the significant potential it has and look forward to working collaboratively with both companies to continue our exploration work in the Walvis basin, where significant drilling activities are scheduled for 2013 commencing this quarter."
Obeth Kandjoze, Managing Director of NAMCOR Commented: "We are very pleased to sign the Joint Operating Agreement with Eco Atlantic and Azimuth on the Sharon, Cooper and Guy licenses offshore Namibia . The partnership brings significant offshore oil and gas experience which will no doubt assist in the exploration and development of the licenses in the prospective Walvis Basin. This agreement also signifies the international support and interest in the development of Namibia's oil and gas resources."
About NAMCOR
NAMCOR is the National Petroleum Corporation of Namibia and is a legally enacted entity with limited liability under the Namibian Companies Act of 1973. The Government of the Republic of Namibia is its sole shareholder. NAMCOR's main business is to ensure the optimum exploitation of Namibia's petroleum resources and meaningful Namibian participation in resulting business developments in petroleum related exploration activities. The company also acts as advisor to the Ministry of Mines and Energy and assists it in monitoring the exploration activities of licensees.
About Azimuth
Azimuth Limited is a specialist E&P company based in Hamilton, Bermuda. The business is backed by majority-owner Seacrest Capital Ltd, a Bermuda based energy investment group, and Petroleum Geo-Services ASA (PGS).
Azimuth leverages the strength of its shareholders to acquire interests in prospective acreage worldwide, developing 'drill-ready' targets through robust geophysical and commercial analysis. Funding from Seacrest fuels Azimuth's global activities and ensures that the company is ready to advance its properties without delay. A collaboration agreement with PGS gives Azimuth unparalleled insight into petroleum basins worldwide, including access to the world's largest multiclient seismic library, to leading edge geophysical expertise and to 85 subsurface specialists distributed in key locations around the world.
About Eco Atlantic
Eco Atlantic is an oil and gas exploration company focused on the new and bourgeoning energy play in Namibia . Through its wholly owned Namibian subsidiary, it holds five petroleum licenses issued by the Government of the Republic of Namibia . Offshore, Eco Namibia holds three license blocks covering more than 25,000 square kilometers (6,177,000 acres). Onshore, Eco Namibia holds two license blocks covering 30,000 square kilometers (7,413,000 acres). Eco Namibia , founded in 2008, enjoys a strong local presence, and has a longstanding relationship with the energy and oil and gas sector in Namibia and the region. The terms and conditions of these licenses are regulated by agreements signed by Eco with the Government of the Republic of Namibia in March 2011 .
Forward Looking Statements
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: Certain information in this press release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Forward-looking statements necessarily involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Eco Atlantic to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
Such factors include, without limitation, risks associated with oil and gas production and exploration, marketing and transportation; loss of markets; volatility of commodity prices; currency and interest rate fluctuations; environmental risks; competition; inability to access sufficient capital from internal and external sources; government regulation of petroleum and natural gas matters; environmental risks; unanticipated reclamation expenses; title disputes or claims, termination or amendment of existing contracts; actual results of drilling activities; conclusions of economic evaluations; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the petroleum and natural gas industries and delays in obtaining or failure to obtain any governmental approvals or licenses. . Readers are cautioned that the foregoing list of factors is not exhaustive.
Although Eco Atlantic believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Eco Atlantic can give no assurance that they will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and Eco Atlantic undertakes no obligation to update publicly or revise any forward- looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE: Eco Oil & Gas (Atlantic) Ltd

[ronan7] 28/1/2013 15:19

yep prob not#


at least testing 32p again

[likeyeknow] 28/1/2013 14:39

Most probably not:)

[fairenough11] 28/1/2013 14:34

breakout on its way again?

[likeyeknow] 28/1/2013 14:31

Whoa, she seems to be moving (Up 0.25p) but small acorns and all that!

[ronan7] 28/1/2013 07:26

he`s not very good at it
keeps getting dusters

thats why he`s got the cream ...reduces friction

[stockriser] 27/1/2013 20:29

Ah yes good old 'patience'.....



Are they trying to say those who don't have patience are W@nkers? ....lol

[triples] 27/1/2013 20:27

Hi WG,

If you don't want to just sit and watch it play out, what will you do instead? How will you make any difference whatsoever to what CHAR, BP, PB, HRT, NAMCOR, GALP et all are doing?

[hedgebetter] 27/1/2013 20:06

22nd January :



Put it through google translate and you get...a new proposal for a farm down..

The counselor Elias Wagner Peres presented to the other directors, to science,
the current status of the ongoing negotiations on the farm down of assets in Namibia. Informed the other directors, they have received a new proposal involving the PEL. 28, which is being analyzed. The Board recommended that the results of this analysis are taken consideration at its next meeting.

It all starts with a license. No license - no exploration. Loads of activity ini Namibia - and stock market value of Chariot licenses at Zero. I love irrational markets!

Patience...

[ronan7] 27/1/2013 19:35

wow
so much info ,,,me heads sore

[wild_goose] 27/1/2013 18:48

triples,

You said,
-----

triples   27 Jan'13 - 14:47 - 1145 of 1150   0 0

Hi HB,

CEOBOB is doing more harm than good in some ways.

We just have to let everything play out here. The share price will go up.
-------

I disagree.
The guy has an opinion, and has stuck to it.

The last thing want to do is sit around do nothing, doing a gold fish impersonation and waiting for things to play out.

There is zero doubt that there is a lot going on behind the curtain here. Not just CHAR, but SQZ and possibly HRT.

Hedge, I am with you on the Nimmrod drill, but have caught paranoia disease, on HRT.

They have farmm in partners which they not even reveale, if they are BP and PB, it is likely we drill in the wrong place again.

Even if they hit Oiil, they will not tell us.

I fear the HRT drills, will do more harm than good, a lot more damage that CEObob.

[hedgebetter] 27/1/2013 15:27

Thanks Triples!

This is very interesting



"Dr. Marcio Rocha Mello, Ph.D., Founder of HRT Participações em Petróleo S.A., geologist at Petrobras for 24 years, has been quoted on several occasions saying he thinks Namibia has more oil than Brazil."

Now - if Namibia has the same amount of Oil that would be good - after all - the discoveries in Brazil are mind boggling in terms of Billions of barrels.

More Oil would be truly amazing.

No oil would be nil possibility IMO. And that is why there is so much activity there. Be patient.

And this is equally as interesting:


Come on Chariot - and come on HRT!

[triples] 27/1/2013 15:26

I've put it in there, but the whole header needs a tidy. I'll do it in the week.

[hedgebetter] 27/1/2013 15:19

No worries Peter.

Triples - if you could get this GIF in the header - its really cool! Your call..!



is an animated GIF that explains how South America, Africa were once connected etc

[greyingsurfer] 27/1/2013 15:03

Thanks Hedgebetter - I had missed the PGS link to Azimuth.

Peter

[hedgebetter] 27/1/2013 14:55

I agree. Logically - if you were to add up the cost of exploration for all companies exploring across Namibian Acreage - yet alone Moroccan And Mauritanian acreage - and there are quality companies in all three regions - then it is one heck of an investment! There is Oil in Namibia without doubt...

[triples] 27/1/2013 14:47

Hi HB,

CEOBOB is doing more harm than good in some ways.

We just have to let everything play out here. The share price will go up.

[hedgebetter] 27/1/2013 14:15

Its official. CEOBOB on iii has finally lost the plot completely! I will ignore his ramblings from now on. No credibility left.

[hedgebetter] 27/1/2013 14:14

Its basically Azimuth Ltd owns Azinam. Azimuth is owned in part by PGS. PGS has an interest in the Chariot Central Blocks...I think that is the relationship. And the PGS interest was declared a long time ago...

[greyingsurfer] 27/1/2013 12:54

It says Chariot is a partner to Azinam? I must have missed that!

Mmmm, Chariot seem to have missed it too!

No mention in any RNS, or in the lastest presentation.

It's a pretty odd release from AziNam, since it just mentions "several blocks" with no detail given.

Presumably AziNam is something like Azimuth Namibia, a subsidiary?

Peter

[hedgebetter] 27/1/2013 12:18

No worries. Re Azinam - there are plenty of links that mention that name. I was confused since there is also a Azimuth Ltd (majority Owned by Seacrest Ltd in the Bahamas and PGS). Azimuth Ltd has big staked in Eco oil and gas Namibia fields, and PGS also has 10% interest in the Chariot centrals. Another article I read has

AziNam Ltd.
David Sturt, Managing Director, + 971 (0) 55 1919 808
[e-mail]

So looks like they are one and the same...basically the technical partners doing the Seismics have skin in the game...which is good imo.

Either way - things are hotting up in Namibia and Morocco....and Mauritania is not too far behind..

[stockriser] 27/1/2013 12:02

HB - Thanks for all the links/research - I especially like this extract from the article on businesswire.com.

"We believe that the Namibian Offshore region offers a truly unique opportunity to encounter world class prospects which have only recently been identified due to the application of modern exploration techniques combined with increasing exploration success in other analogous parts of the South Atlantic margin," said AziNam Managing Director David Sturt. "We are looking forward to working with NAMCOR and our partners to realise the full potential of this acreage. The quality of this acreage is demonstrated by the presence of large international E&P companies, including BP, HRT and Repsol, on adjacent blocks."