Chariot Share Discussion Threads

[hedgebetter] 01/3/2013 07:55

- looks like Tullow are spudding three wells in Mauritania this year...happy days.

[hedgebetter] 01/3/2013 07:29

Wild_Goose
1 Mar'13 - 07:05 - 1855 of 1856 0 0 (Filtered)
Wild_Goose
1 Mar'13 - 07:25 - 1856 of 1856 0 0 (Filtered)

There is an echo in here.

Sobered up? www.helioschariot.com - verses your drivel!

[wild_goose] 01/3/2013 07:25

Bed wetter,

What a great poster, finger on the pulse.

Next post will be,

"CHAR is a nice share, I think it will go up.

Larry, resign, give us all a break, you have taken this from 200p to 20p.
And another thing, take your finance manager with you.

[wild_goose] 01/3/2013 07:05

Bedwetter,

Get real, big oil is a dirty business.

[hedgebetter] 28/2/2013 22:23

Wild_Goose
28 Feb'13 - 22:11 - 1851 of 1852 0 0 (Filtered)

Wild_Goose
28 Feb'13 - 22:14 - 1852 of 1852 0 0 (Filtered)

So its a choice between the above - or the guy on www.helioschariot.com and decent posters...no comparison really..

[hedgebetter] 28/2/2013 22:06

Care to explain on what basis you make that remark Drambui - or is it just mere conjecture and flippancy as usual? www.helioschariot.com seems to be getting better with more hits - and a lot of reasons why you are wron...all in my humble.

[drambui] 28/2/2013 22:02

They already succeeded and things look like getting a lot worse here... all in my humble.

[wild_goose] 28/2/2013 21:39

CHAR = SHADY.

Has a lot to BP, PR Dept.

They selected, Lary.

SHADY.

[wild_goose] 28/2/2013 21:37

Alex Hawk   28 Feb'13 - 21:16 - 1842 of 1845   0 0

Hmm does start to look a bit shady, burn cash as fast as you can and leave CHAR as a cheap takeover target if you want to take the worst view...
----

That is the word I wanted, SHADY.

Thanks mate.

[alex hawk] 28/2/2013 21:16

Hmm does start to look a bit shady, burn cash as fast as you can and leave CHAR as a cheap takeover target if you want to take the worst view...

[wild_goose] 28/2/2013 21:16

They will now make CHAR, a slightly dodgy AIMm share.

Expect a lot more conjecture, regarding Larys intentions.

Complete chaose.

It is what BP want.

By the way, you are a bunch of ideots.

Come back.

[hedgebetter] 28/2/2013 21:15

WG = CEOBOB.

[wild_goose] 28/2/2013 21:11

BPs, PR Dept, have done a good job with CHAR.

An AIM co, with a slightly off line, guy, as CEO, who does not give out any news.

PW, was too much up front for themm, ie a good guy.

Bagman, already on a BP pension, nice and old, looks the part.

At the helm of CHAR, he will do his best, to dissemble, look slightly eccentric, and generally, make a bad impression.

IIs, coming in, ha, ha,ha..

[alex hawk] 28/2/2013 19:33

I thought Wingat was 60 days?

[cherisher] 28/2/2013 19:13

SHARES MAGAZINE BUY RECOMMENDATION... AHaaa


TOM SIEBER Issue Date: 28 Feb 2013

Chariot's swing lower is an opportunity

Following a sharp correction explorer trades at a discount to cash
Investors with tolerance for risk might like to consider oil explorer Chariot Oil & Gas (CHAR:AIM). The company trades at a discount to its current cash reserves and could see a tangential benefit from third-party drilling in 2013.

As at the end of 2012 the group had $68.3 million on its balance sheet against a $63.6 million market cap at the time of writing. Two wells being drilled by Brazilian oil firm HRT could derisk the company's Namibian assets. The first of these wells on the Wingat prospect is due to spud in March and take around 90 days to reach target depth.
Meanwhile Tullow Oil (TLW) is drilling in Mauritania later this year when Kosmos Energy (KOS:NYSE) is also set to explore its Moroccan assets in partnership with Fastnet Oil & Gas (FAST:AIM) (see Small Caps, page 24). This activity could have a further positive read through for Chariot's acreage in those two countries.

Shares in the explorer, which drilled two dry holes offshore Namibia in 2012, have fallen 93.1% since they peaked above 300p in March 2011. New chief executive officer Larry Bottomley says the company was 'at the leading edge but also the bleeding edge' of exploration in the West African country. Among the first to drill in an untested basin the group took on a significant amount of the risk.

The dangers associated with investing in Chariot at this point are ameliorated by the rock-bottom valuation and the fact the immediate catalysts are derived from drilling by other parties. Nevertheless Jefferies estimates the company's cash pile will be just $28 million by the end of the year and adds it will be reliant on farm-out deals to fund future exploration.

Shares says: Speculative Buy at 20.8p.

[cherisher] 28/2/2013 16:21

jUST WONDER what Larry would be doing in 2013?
no drill, little to negotiate.... i reckoned he is in Spain currently :-)