Chariot Share Discussion Threads

[fairenough11] 19/2/2013 08:28

Obviously some have difficulty reading RNSs.

[fairenough11] 19/2/2013 08:27

cash position?

"In 2013 the Company expects to pay c.US$25 million for the acquisition, processing and interpretation of the 3500km2 3D seismic survey carried out in Mauritania, with plans for a further US$15 million planned for other G&G and G&A costs. All contractual licence commitments are fully funded through to the end of 2014."

[lanaken] 19/2/2013 08:25

fairenough,

They are waiting on other drills.

If those aren't a success, farming out will get much more difficult and they can't drill alone. That will make us vulnerable to a low ball bid.

The oil is there but we need some luck to get any benefir from it.

This one more than ever will need patience and a slice of good fortune.

Of course you can always choose to look on the bright side, but I need a little more balance.

repo

[triples] 19/2/2013 08:25

I'm here. I did express concern about cash position in one post a whole back. Disappointing.

[alex hawk] 19/2/2013 08:23

Any hint of a positive about Nimrod 2? Final evaluation of the Kabeljou-1 well by the Operator of the block is still underway and an update to the prospect inventory in 2714A is pending following these results, which are expected at the end of March 2013. These well evaluation results will inform the forward plan in the block which will be agreed with the partners at this time.Chariot's in-house work on the well data has demonstrated the potential for a new play system in 2714B. Preparation is underway to capture the value associated with this new play which will require additional 3D seismic data and an acquisition programme is planned for 2014. The completion of the well evaluation along with the outcome of expected third party drilling this year in adjacent acreage will have a major impact on prospectivity assessment.

[fairenough11] 19/2/2013 08:23

why do they need a placing?

[fairenough11] 19/2/2013 08:21

They are not running out of cash.

Farm outs will finance any drilling.

Why do they need a placing?

[fairenough11] 19/2/2013 08:20

Brokers presentation this am,not a time to be selling.Ignore the clowns.

Got some.

[fairenough11] 19/2/2013 08:19

what do they need a placing for?

Clown.

[sos100] 19/2/2013 08:15

im concerned about the declining cash postion,suprised not many are mentioning it here.

[fairenough11] 19/2/2013 08:15

lanaken,

are you for real?

Char will be farming out their acreage and you know that very well.

Stop the scaremongering,they don't need cash,They will be receiving cash from Farm Outs.

[m5] 19/2/2013 08:14

All about timescales I suppose but other shares out there for me that are doing it now, not fighting the market. Good luck chaps.

[fairenough11] 19/2/2013 08:13

will the barstewards let me BUY,thats the question.

[lanaken] 19/2/2013 08:13

I can see why Welshie went now.

They wanted a tighter hand on the purse strings.

I think that they've got that now but the cash position is a bit of a shocker to me and Mr Market.

Very reliant on what happens at HRT and BP/Serica now. I'm not that confident we'll ever drill another well under CHAR's banner.

repo

[philo124] 19/2/2013 08:11

Not suprised hence my post about BOD waiveing their salaries.

[fairenough11] 19/2/2013 08:11

I'll be adding.

Simple as that.

[stockriser] 19/2/2013 08:10

Market using this to 'look' less than impressed

[ronan7] 19/2/2013 08:09

indeedy

we will see how it does
2p down at end of day wud be ok