Chariot Share Discussion Threads

[drambui] 20/2/2013 08:29

Look for sub 20p... then sub 10p more like? All in my humble.

[cherisher] 20/2/2013 07:09

its only a matter of time before we get an offer. 75p looks a good price today prior to any drill... watch this space.
look for consolidation and buying in the next few days.

[fairenough11] 20/2/2013 06:11

I have sold "x",but please buy "y" and "z".

how transparent.

HRT-Namibia
Tullow--Mauritania

will both be starting drilling campaigns which, should they be successful, have a huge impact on Char.HRT begin in a matter of weeks.Char will then start their farm out process.
All char's acreage in Namibia,Mauritania and Morocco,plus expensive seismic data is valued at virtually NIL.

[ticato] 19/2/2013 23:57

I've sold out today at 25.35p and taken a loss of 57%. It's a hefty wedge to lose, but it wasn't a hard decision after weighing up the announcements made this morning. I'm still not really convinced that the right management team is in place at Chariot. If that isn't bad enough, having to wait a year or so before a drilling, and world markets sure to be taking a tumble shortly, I couldn't see many trump cards in this play at the moment. I've been in Chariot before and made a nice profit and I'm sure the opportunity might come round again - but for me, not with this team at the helm. Hope those who are in the red can keep losses to a minimum - good luck everyone.

By the way, I still think it will be a good year for the oilers. I'm in 'Salamander Energy' and 'Bowleven.' I bought into them in December 2012. Bought SMDR for 178p and 170p, and BLVN for 65.5p. I think Salamander will go a long way.

[diku] 19/2/2013 18:52

120p to 25p and you call that nothing slippery!....I guess those who bought at 120p were non halfwit at the time!!....

[wild_goose] 19/2/2013 18:52

fairenough11   19 Feb'13 - 14:39 - 1585 of 1599   0 0

"Larry is worse than PW."

EVIDENCE????
-------

When Larry arrived, or should I say inserted, by BP, the share price was over £2.
It is now 25p.

Says it all, BP get it on the cheap.

[cherisher] 19/2/2013 18:48

the good thing is that CHAR`s destiny is not in the hands of an incompetent management anymore.

in 2010-2011, our destiny was in others hands due to takeover of UNX and we went from 20p to 300p
in 1Q2011, once PW took over the process, he took it to 320p to 27p before being sacked
now back to square one, CHAR just needs to sit and watch the professionals drill.

[wild_goose] 19/2/2013 18:46

Larry is a star.

He is following his brief from BP well.

He has got the share price down to 25p.

His target price will be 15p, just after the HRT duster.

[hedgebetter] 19/2/2013 18:14

Lots of misguided misinformed misfits on iii at the moment....irrationality can be very profitable...

[kiwimonk] 19/2/2013 17:57

Nothing Slippery - Just half wit Pi's who get spooked when the price goes down and they cant sleep at night and have the unfortunate ability to type on free BB's.

Today's RNS said in layman terms for the Pi's -

"We have nothing to loose and all to gain by the imminent drills across Namibia, Mauritania and Morocco. We are completely funded - we will get more funds from successful farm outs and we probably will be back to old highs upon Oil strike. Please don't buy the shares if you are a halfwit!"

[diku] 19/2/2013 17:40

Another slippery Oily company....me thinks PI's should boycott buying small/tiny Oily companies directly or indirectly via fundies.....all PI's are doing is lining up boards pockets....

[fairenough11] 19/2/2013 17:26

from iii cheers


Mauritania to See Tullow Spud

Date: Monday, February 18, 2013printer friendly version


Mauritania will see some drilling action in Q2 by Tullow Oil; up to four wells. The Irish firm said that its work during 2012 to build in-country infrastructure will support its high-impact exploration program.

The drilling campaign is designed to test new deeper plays in the offshore Mauritanian basin which have not been tested by previous exploration wells. Three of the four wells are scheduled to be drilled in 2013 using the West Leo rig which has been operating in Ghana for Tullow. The company believes that there is significant follow-on potential if any of these wells prove to be successful.

Tullow has continued to build its equity position offshore Mauritania, following the award of the new C-10 license in 2011; it also completed farm-ins to the C-6 and C-7 Blocks. The C-10 license was awarded to cover the exploration areas previously covered by the production sharing contracts PSC A and PSC B. Extensions were also granted to the discovery areas of the PSC A and B licenses which contain the Banda, Tevet, and Tiof oil and gas discoveries. Tullow has increased its equity in all of these areas to over 60% and is the operator.

In November 2012 the Banda field was declared commercial and it is planned that the field will supply gas to a new local power station, subject to completion of a suitable Gas Sales Agreement. Discussions are now under way to put in place the commercial agreements that will underpin the project

[newswseller] 19/2/2013 17:00

Well what a stinker of a day, at one point I was offered just 22p to sell 20k worth when the bid was 24.25p. I have managed to offload my entire holding (0.4%) between 24.25 and 25.75p, so not great, nursing roughly 15% loss.

Some funds moved over to TRAP for the short term, will be back here when the dust settles though.

So be glad no more whining from me about the movements here.

Good luck, it'll probably rocket tomorrow.

[jxman] 19/2/2013 16:27

Stock riser you should be shorting it now to make some serious money,

[lanaken] 19/2/2013 15:46

Wingat first up for HRT.

CoS about 30%, most likely oil and drill time 60 days in 1000m of water.

Looks like a billion plus barrels P50 and remember HRT said a P10 of 15bn bbl on the block.

Same type of play as prospect B and success would likely double the CoS currently 23% P50 over 500mm bbl net prospective resources.

The Murombe well is the stacked deeper plays Cos around 20-25% but huge and corresponds more to the prospect 1, CoS =12% with P50 net prsopective resources of over 1bn bbl.

repo

[stockriser] 19/2/2013 15:24

FE11

One could conclude that todays raid was organised whatever the RNS said they were gonna force the share price down,triggering stops along the way.

I believe that also, hence I have topped up with 15kgbp today ave 25p

GLA SR

[fairenough11] 19/2/2013 15:05

lol,

we are set to spend $25M on seismics in Mauritania which gives proprietary data to Char,ie an ASSET that no one else has and the desperado that is the "market" values this valuable asset along with much sought after acreage in Namibia,Mauritania and Morocco as Zero or as near damn it.

One could conclude that todays raid was organised whatever the RNS said they were gonna force the share price down,triggering stops along the way.

HRT are still yet to announce their second Farm In partner for Namibia---don't be surprised if they announce that its BP-----Anytime between now and the start of their drilling campaign.