Chariot Share Discussion Threads

[fairenough11] 19/2/2013 14:39

"Larry is worse than PW."

EVIDENCE????

[cherisher] 19/2/2013 14:06

i reckon we will see an abrahamovitch type of multiple sackings at CHAR. Could well be 2 CEO to be sacked in 2 months.
Larry is worse than PW.
time to get a competent CEO on board who knows one thing or 2 abt oil

[lanaken] 19/2/2013 13:16

fairenough,

I reckon they'll get the Central blocks away for farmout whatever happens with HRT. There are just too many types of play and too many large prospects for that, not to happen, imv. However the CoS will look so much better if HRT score even a technical success on one of the Wingat and Murode wells. SQZ are very bullish about the acreage they have and we'll know a lot more from them before any more money is spent.

However if those two wells fail and BP leave the SQZ partnership, Larry will be scrambling around getting even one more well drilled on Namibia.

FWIW, I feel lucky.

repo

[jxman] 19/2/2013 13:05

We have been let down badly by char. All this talk of billions of barrels. And what have we found zilch nothing. There data analysis stinks

[fairenough11] 19/2/2013 13:01

HRT start drilling in Namibia in just a few short weeks.Tullow to start drilling in Mauritania later in 2013.

At no cost to Char.They can bide their time before farming out the Central Blocs.

[vwnige] 19/2/2013 12:41

Hedge..

Could you explain page 27 in laymans terms..

It sounds exciting but i dont really understand it..

[hedgebetter] 19/2/2013 12:22

Net unrisked NPV(10) of current portfolio at current equity is estimated by Chariot to range from:

US$1.5B (£5/share) to US$5.5B (£17/share)

Net risked EMV(10) of current portfolio at current equity is estimated by Chariot to range from:

US$100mm (32p/share) to US$750mm (£2.50/share)

Page 27 of Feb 19th Presentation.

[hedgebetter] 19/2/2013 12:18

Multiple personality disorders are rife on BB's.

[sue999] 19/2/2013 12:18

What value are adding to our BB by these statements. You can only sell your own shares. You are not allowed to tell others to sell or indeed to buy.

[drambui] 19/2/2013 12:14

If they haven't already... ouch?

[jxman] 19/2/2013 11:59

Buy back at 10p or lower

[jxman] 19/2/2013 11:59

Just sell up

[fairenough11] 19/2/2013 11:26

Commitments
Fully Funded
9
All contractual commitments fully funded through
2014
Planned work programme fully funded through 2013
2012 YE cash at $68.3mm
Track record of securing industry funding:
Southern Area seismic farmed-out (Petrobras)
Kabeljou-1 deepwater well farmed-out (BP)
Central Area seismic farmed-out (AziNam)
Partnering process on Northern Area initiated
Approaches on Mauritania and Morocco
Central Area partnering Q3 kick-off
Track record of equity funding

[fairenough11] 19/2/2013 11:14

2013

Area integration of Tapir South well results,
Resource description and initiation of Partnering
programme 1Q
Central Area Resource description 1Q and initiation
of Partnering programme 3Q
Southern Area integration of Kabeljou-1 well results
and Resource description 2Q
2714A Partner forward plan 2Q
2714B 3D seismic design & EIA 4Q
MAURITANIA
Completion of C19 3D seismic acquisition 1Q
Receipt of C19 PSDM 3D 4Q
MOROCCO
Interp and Resource description of legacy data 1Q
Reprocessing, re-interp and Resource update 3Q
Potential EIA 3D seismic programme 4Q
2013 2014
NAMIBIA
Northern Area Drilling with a partner
Central Area Drilling with a Partner
Southern Area 2714B 3D seismic acquisition
MAURITANIA
C19 Resource description and initiation of
Partnering programme
Preparation for Drilling
MOROCCO
Rabat Deep 3D seismic programme
NAMIBIA
Initiation of Southern Area 2714B Partnering
programme
Appraisal drilling on any Namibian discovery
MAURITANIA
C19 Drilling with a Partner
MOROCCO
Resource update and initiation Partnering
programme
Preparation for Drilling
NAMIBIA
HRT 3 well drilling campaign
MAURITANIA
Tullow-Petronas-Dana 4 well drilling campaign
MOROCCO
Cairn and Kosmos Drilling

[alex hawk] 19/2/2013 11:09

Having watched the presentation and the prospect of Nimrod II being dismissed I have decided to sell out. Good luck to all the remaining holders and I hope to be back later in the year.

[fairenough11] 19/2/2013 11:00

m5,

thats true,but imo a lot of leveraged/short term holders will have been forced out this morning.Those who actually own the shares can sit it out and wait for the Report in March and the start of HRT drilling campaign.

That as they say is the modern stock market.

[ronan7] 19/2/2013 10:58

seems to have levelled out now--hope the meet this morning brings some buyers in later

i`m holding and got some more earlier at this price

[m5] 19/2/2013 10:57

fe11,just becomes someone sells does not mean they have been forced out,they decide their monies are better utilised elsewhere in their opinion.

[hedgebetter] 19/2/2013 10:55

If you can keep your head while all others around you are....etc

Call me old fashioned. I read a lot of positives in the RNS and am happy to hold and accumulate.

[fairenough11] 19/2/2013 10:54

expenditure was exactly as expected,including the $25M for the processing of seismic data etc on the Mauritanian acreage.In fact it has been discussed on here in the past.Absolutely no shocks imo.

Short termers being forced out imo therefore they would need it to go lower to try and make losses up.

not many of them will want to be out once HRT start the drillbit turning imo.

[newswseller] 19/2/2013 10:40

Sorry guys im out now, clearly the delay in drill was well known given the only movement lately has been down, key for me though was the expenditure, much worse than expected. I think everything now just depends on the HRt drill. Good luck though