Chariot Share Discussion Threads

[hedgebetter] 07/3/2013 17:35

Well well.



:-)

[simonaj30] 07/3/2013 16:45

Nice probability !

[hedgebetter] 07/3/2013 16:43

Thanks

So - the overall chance of a strike

= 1 - (1 - 0.27) * (1 - 0.23) * (1 - 0.27) * ( 1 - 0.25)

= 69.22% chance of success across 4 weels that one of them will strike.

Not bad.... :-)

[simonaj30] 07/3/2013 16:38

now showing
the edit button is good, be nice to be able to delete an unnecessary post

[simonaj30] 07/3/2013 16:38

sorry link is not showing

[hedgebetter] 07/3/2013 15:49

And the presentation is now back...odd

[hedgebetter] 07/3/2013 14:29

I notice on the website that the Chariot investor fact sheet is still empty - and the presentation tab is missing....

[hedgebetter] 06/3/2013 21:59

I see 'CEO'Bob (lol!) is trying to clog up the iii BB with nonsense again.

Does anyone know the COS for EACH HRT well being drilled this year?

[hedgebetter] 06/3/2013 18:43

Interesting

[stockriser] 06/3/2013 16:09

Lets play find the words ........ "emerging locations"

Exxon to Invest $190 Billion in New Opportunities

Exxon Mobil Corp. (XOM) plans to invest about $190 billion over the next five years on new exploration and development opportunities as energy demand continues to grow.

"An unprecedented level of investment is needed to develop new energy technologies to expand supply of traditional fuels and advance new energy sources," Chairman and Chief Executive Rex W. Tillerson said.

The world's largest publicly traded oil company said it plans to more than double its exploration acreage in a range of proven and emerging locations, such as Russia, that will feed its inventory in the coming years.

Production of crude oil and other liquids is expected to increase an average of 4% a year between 2013 and 2017 as Exxon starts production at 28 major oil and gas projects, 24 of which are liquids or liquids-linked projects.

The company also said 22 major projects will start production over the next three years, including an expansion of the Kearl oil sands project in Alberta, Canada, and a liquefied natural gas export project in Papua New Guinea.

The company also said it expects major project start-ups to deliver one million oil-equivalent barrels over the next five years.

Exxon has been criticized about its 2010 purchase of XTO Energy Inc., which made it the largest natural gas producer in the U.S. at a time when prices for the commodity plummeted amid a market glut.

The company said last month it added back in new reserves about 115% of the oil and gas it produced in 2012, with the majority of the new reserves coming from oil-rich assets in North America.

Exxon also said it added proven reserves totaling 1.8 billion oil-equivalent barrels, of which 1.4 billion barrels consisted of petroleum and other liquids, a sign that Exxon has been emphasizing oil exploration at the expense of its less profitable natural gas business.

Shares were flat at $89.61 in early trade.
-Angel Gonzalez contributed to this report.

[andonis] 06/3/2013 12:47

For those wonderful traders out there...

[fairenough11] 06/3/2013 10:42

from iii cheers
=================================================================================


06.03.2013

N$2,2 billion oil drilling starts in Nam waters

By: ADAM HARTMAN at WALVIS BAY

IN the next two weeks the Brazilian oil and gas exploration company High Resolution Technology (HRT) will move the 'Transocean Marianas' semi-submersible drilling rig to potential oil wells off the coast of Namibia to begin a N$2,2 billion, eight-month operation.
The operation was announced on Monday during a site visit and briefing onboard the rig currently undergoing maintenance in the Walvis Bay harbour. The briefing was attended by Namibian businessman Knowledge Katti, Prime Minister Hage Geingob, Minister of Mines and Energy Isak Katali, former President Sam Nujoma and Member of Parliament Ben Amadhila.

According to a press statement from HRT, oil specialists believe that the similarities between Brazil's southeast basins and those along the Namibian coast will put Namibia "in the global oil and gas exploration and production scenario".

In two weeks' time, drilling will start at three exploration wells, which aim to test the total potential volumes. The first licence areas to be drilled will be 'Wingat' and 'Murombe', followed by 'Moosehead'.

According to the rig marshall, Dave Sutherland, the rig will be towed to the first of the wells, which is just over 200 km south-west of Walvis Bay.

Geingob was informed that drilling will continue for about eight months, but as soon as eight weeks after drilling starts Namibia might know if it indeed does have viable oil reserves. It was noted during the briefing that Namibia has large potential reserves that "cannot be missed" by drilling operations.

The entire drilling exploration could cost over N$2,2 billion – with more capital commitments following, according to Katti, who is responsible in facilitating in HRT's drilling operations in Namibia.

At present, HRT is the largest holder of Namibian offshore concession areas. It owns 12 exploration blocks, which cover an area of approximately 68 800 square kilometres.

In 2011 it was reported that another company, Chariot Oil and Gas, with Swapo Ndume's Enigma Investment as Namibian partner, would drill its first oil well. Chariot claimed that there were about 15.5 billion barrels of oil in exploration blocks in the Namibe, Lüderitz and Orange basins.

[cherisher] 06/3/2013 08:30

Fairenough. lets hope so.
would help if Larry gets moving too with farm-outs on the Northern and Nimrod.
3 months in the job and nothing from the man.
If he had a probation review end of 3 months, he would probably be sacked for poor show.

[fairenough11] 06/3/2013 08:11

is this the start of the climb back up?

HRT drilling campaign in Namibia imminent and then 3rd party drilling continues for the rest of the year.Any strikes in Namibia,Mauritania or Morocco, will have a huge positive impact on the valuations on Char's acreage which is currently valued at NIL.

[hedgebetter] 05/3/2013 16:45

Dunno...but nice price action today, good volume, ticking up. Solid.

[ronan7] 05/3/2013 14:29

full year results out next week or after????

any one got firm date
thx

[cherisher] 05/3/2013 13:55

great night ahead. Man U to qualify and HRT to announce 2nd farm-outs partner and give the go ahead for the drilling campaign.

Good luck all.

[hedgebetter] 04/3/2013 16:40

Yes, the Marianas Rig should be pulled out of Walvis dock next week en-route to the target drilling area. Exciting times ahead :-)