Chariot Share Discussion Threads

[hedgebetter] 19/2/2013 10:21

Hub here - you are a filtered troll. yawn.

[hedgebetter] 19/2/2013 10:15

Chariot Audiocast. :-)

[ronan7] 19/2/2013 10:01

well i just got some

so thats my view

[fairenough11] 19/2/2013 09:59

Hablo Con Diablo 19 Feb'13 - 09:56 - 1550 of 1551 0 0 (Filtered)

Hablo Con Diablo 19 Feb'13 - 09:57 - 1551 of 1551 0 0 (Filtered)

how come this clown is still here?

[fairenough11] 19/2/2013 09:53

Plenty to get our teeth into in the future once HRT have HIT pay dirt.
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LONDON--Chariot Oil & Gas Ltd. (CHAR.LN), an Africa-focused oil and gas explorer, Tuesday said that following a period of activity and growth, it has undertaken a review of its portfolio and forward work program.


MAIN FACTS:

-The partnering process in the Namibian Northern Area has been initiated with the aim of drilling with a partner in 2014.

-The Zamba prospect is the priority target and has gross mean unrisked prospective resources estimated at 375 million barrels, or mmbbls.

-The Namibian Central Area partnering process will be initiated in the third quarter of 2013 with the aim of drilling with a partner in 2014.

-The two principal prospects have gross mean unrisked prospective resources estimated at 1.1 billion barrels, or Bbbls, and 570 mmbbls.

-The Company has identified a new play in the Namibian Southern Area following the drilling of the Kabeljou-1 well.

-Maturing this play will require additional three-dimensional seismic data, and an acquisition program is being planned for 2014.

-Drilling in Mauritania is targeted for 2015 and drilling in Morocco is forecast for 2016.

-The Mauritanian play may have leads with resource ranges similar to the analogous Banda field with reported resources of about 300 million barrels of oil equivalent, or mmboe - a resource update is planned for the first quarter of 2014 further to interpretation of three-dimensional data.

-A mapped lead in Morocco has a gross mean prospective resource estimated at 400 mmbbls.

-Both areas have the potential for multiple targets.

-The Company's cash position as at Dec. 31, 2012 was $68.3 million (unaudited) and all contractual license commitments are fully funded through 2014.

-In 2013 the Company expects to pay about $25 million for the acquisition, processing and interpretation of the 3500 square kilometer three-dimensional seismic survey carried out in Mauritania, with plans for a further $15 million planned for other Geological and geophysical and General and Administrative costs.

-All contractual license commitments are fully funded through to the end of 2014.

-Shares closed Monday at 30.0 pence.
-Write to Iain Packham at [e-mail]


Subscribe to WSJ:

[alex hawk] 19/2/2013 09:49

HCD 26 and 25.5 aren't far off depending on whether you use the shadows or not. Technically your right, and I'm less optimistic going forward about the share price but I thinking selling before the south analysis end of q1 will be madness, alongside HRT spud.

[alex hawk] 19/2/2013 09:36

close above 26p will be key today imo.

[hedgebetter] 19/2/2013 09:23

triples - we all know that Hub - HCD - has OCD in spouting rubbish. Can you ban him please. Yawn.

[fairenough11] 19/2/2013 09:17

"Chariot has a track record of securing industry finance and will continue to seek partners for its assets in order to distribute risk and provide additional funding for the further exploration and development of its portfolio."
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Chariot has already received industry interest in its Mauritanian acreage and a process to identify a partner for drilling will be initiated once interpretation is complete. Should this be successful, it is anticipated that drilling will commence in 2015.
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"We believe all our assets have the potential for giant discoveries, we have a focused strategy and we are committed to realising the value in the portfolio."
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Southern Area--Chariot's in-house work on the well data has demonstrated the potential for a new play system in 2714B.

[hedgebetter] 19/2/2013 09:15

Hub - go away - you are a tiresome silly little troll