Chariot Share Discussion Threads

[hedgebetter] 22/2/2013 08:41

Who can say - But £40m is an amazing price for 20 Billion Barrels :) Potentially! .......and £44 Million in the bank....!

[kiwimonk] 22/2/2013 08:38

I don't think 3D seismic is arbitrary in its conclusions :)

Those GEO streamers don't lie.

Time to get aboard the good ship Chariot and ignore the babble - figures all accounted for - Focus on the Future - There are Many Many Billions of Barrels to be discovered - CHAR have done one of the largest 3D seismic campaigns across Namibia - HRT are now soon to Drill - we can sit back and enjoy - Why bother to drill now when HRT are drilling 3 wells this year - the same impact will be felt on the share price when / if they strike Oil as if we had ourselves. And a Negligible effect if they don't as we are at a crazy giveaway valuation.
20p hah hah hah never did I think I'd see that price for these prime assets.

AIMOHO

KM

[drambui] 22/2/2013 08:36

Did someone mention a placing... looks odds on to me? All in my humble

[stockriser] 22/2/2013 08:35

M5 - I was to hasty the other day by topping up at 25p I believe in the ('indirect') near term speculative prospects too much, and was too eager.

However, re: bottom, I think we are nearly there - I personally believe there may be a quick spike down to approx 17/18p today, but it will be quick, and you may not get in.

Currently well oversold.

AIMHO

[kiwimonk] 22/2/2013 08:28

Who can say - But £40m is an amazing price for 20 Billion Barrels :) Potentially!

[m5] 22/2/2013 08:21

Is this the bottom?

[crosswire] 22/2/2013 08:21

22 Feb
Chariot Oil & Gas... CHAR
Jefferies International

Buy

50.00 Upgrades

++++++++++++++++++++++++++++++++++++++++++++++++++++++
50p

[hedgebetter] 22/2/2013 08:18

The cash position is in the Presentation. Fully reconciled. And Healthy. Whereas you have your own theory WG.

Broker Upgrade.

[wild_goose] 22/2/2013 07:55

Looking for 15p, entry point.

[wild_goose] 22/2/2013 07:53

Hedge,

There is guy on iii, claims to have an e-mail Fromm CHAR, exposing the cash situation.

Has not posted it though.

[cherisher] 22/2/2013 07:47

Jefferies has just upgraded CHAR to buy with a new target price of 50p vs 35p before... jumo before its too late

[shovelandspades] 22/2/2013 05:41

G&G = Geological & Geophysical

[belisce6] 22/2/2013 00:10

wot does Other G&G stand for ?

i know that G&A is for General and Admin, but the first initials i have no idea.

i ask, because they have some $15mill budgeted for this in 2013... that is Other G&G and G&A...

[drambui] 21/2/2013 23:44

Lol, desperate stuff... chase the BB bashers... shorters would love such folly! Look at the shareprice graph... CV++ for the BOD (you know the guys in charge when it happened)... I think bloody NOT! All in my humble.

[vwnige] 21/2/2013 23:25

If they sold the Namibia acreage, how much would it worth ?

[simonaj30] 21/2/2013 23:13

It's a bit like cycling in a peloton. We were leading the race in Namibia, but now droppe back a couple of riders, to be pulled along in the tail wind of hrt and others. Just normal practice, wait and see what tactics they use

[alex hawk] 21/2/2013 22:44

HB - you can't blame de-rampers for the share price falling.

After a period of hibernation CHAR come out with the following:
- Cash significantly lower than expected
- Nimrod II no further potential (although this was always speculative)
- Farm-in delayed of Centrals
- Given all their acreage their next target is Zamba 375million barrels at 19%COS, relatively small to other prospects that been drilled and will be drilled going forward
- Morocco and the other one not really progressing for a while yet so markets won't be interested unless someone hits oil

How do you expect the market to react?

I, for one, have decided to take a small loss and move on until things are clearer...I watch with interest.

Technically I am interested at 15p, fundamentally when we get a farm-in and drilling is in sight or HRT hit.

Of course if HRT hit, then that will be game changer for CHAR.

[andonis] 21/2/2013 22:21

For Friday....

[andonis] 21/2/2013 22:21

For Friday....

[sos100] 21/2/2013 22:03

Hedgebetter.

If your asking me,I just hope investors can somehow get there money back.There might be some short lived speculative upside but I can't see how this can get back to anywhere near 40p (this year).

I hope I'm wrong.

[hedgebetter] 21/2/2013 21:55

What do you think?

[sos100] 21/2/2013 21:52

I don't think derampers are to blame for the latest falls.