Chariot Share Discussion Threads

[royalalbert] 01/4/2013 19:49

Oil be Damned if true, not been drilling long enough.

[cherisher] 01/4/2013 19:12

oillllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll

[hedgebetter] 01/4/2013 16:40

Saw this... makes sense to me!

[upchart] 30/3/2013 11:04

Some interesting posts and information. Will check back in again and keep an eye on the thread.

[hedgebetter] 29/3/2013 20:58

Good luck chaps. And enjoy the weekend..!

[belisce6] 29/3/2013 20:45

and as far as char s concerned... noone seems to be batting an eyelid on the fact they have a Morroco offshore address :-(((

[belisce6] 29/3/2013 20:43

back to Morocco offshore (which aint such a large area compared to Namibia)...

Pura Vida farmed out 52% of entire Mazagan permit (1.6Bl bb prospect) (locals =25%, PV=23%) for max $215mill, including 2 drill well funding committment and $15mill upfront :-))
(although Pura did get some light oil shows on drop core on their tenements beforehand)
PVD were something like 13mill AUD market cap in 2012 but in Feb 2013 presentation were 76mill AUD :-))) about 6-bagger just due to farmout...



...now... apply these type of valuations to CHAR... hmmm... :-)))

[belisce6] 29/3/2013 20:09

yeah... thanks hedgebetter...

from ur Morocco links i have researched that Tangiers Petroleum have farmed out 50% from their 75% (or two-thirds of their share) Tarfaya offshore tenement (Morocco), to GALP Energia for $41mill value... so GALP 50%, Tangiers 25%, locals 25%...


"Cairns Energy (CNE) and Genel Energy (GENL) agreed to spend $60 million and $50 million respectively to earn interests in Moroccan blocks last year..."

these amounts, if applied to CHAR, r more than CHARs entire market cap... so gotta be a fair bit of value in CHAR at current share price :-))) particularly when u add the 4 other general plays... Mauritania and 3 times Namibia...

[kash18] 29/3/2013 18:57

andonis, what does that alignment mean for the market

[fairenough11] 29/3/2013 12:41

Cheers Hedge,cracking stuff.

Lol--No, HRT/Tullow/Cairn/Genel et al are spending $Billions and $Billions and trailing expensive Rigs half way around the world coz they think there is no oil in Namibia/Morocco/Mauritania--Ha Ha!Geologists/Physicists/Seismic experts have all got it wrong,but Timmy Troll from an Aldershot council estate knows better,why?Coz he's placed a £5 Sbet/CFD/SHort---foooooooooook me,what's the world coming to.

[cherisher] 29/3/2013 12:36

OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL OIL
100P 100P 100P 100P 100P 100P 100P 100P

[highlander7] 29/3/2013 09:48

I remember when GKP drilled Shaikan they had Oil shows around 1350metres,so things can happen before final TD reached.

True fn11 , and GKP went from 7p to £1-37 in a few months.

[fairenough11] 28/3/2013 09:16

I remember when GKP drilled Shaikan they had Oil shows around 1350metres,so things can happen before final TD reached.
That would catch the sellers out,lol.

Continuous 3rd party drilling for the rest of 2013,so there's plenty of excitement to come.

[belisce6] 28/3/2013 09:05

i have a feeling that if hrt is successful in central area, and if that can b extrapolated to char ground, that hrt might want to farmin for a piece of char central tenement action... just a thought... dont mean for entire farmin, but for like at least 15% or so...

from those notes one of u put up here or on gbp or trp... i think it was here on char thread... it appears that the drill may be completed within like 40 or so days... so i will be glued to my screen come the 5th of may :-))

[fairenough11] 28/3/2013 08:39

Already interest in Mauritania so Farm Out could be close,may even be before Tullow start their 4 drill campaign in a few months time.We will then recoup a % OF 3DSeismic costs from new partner.

They will have no problem farming out the CEntral/Northern blocs in Namibia so we will have back costs etc as cash inflow plus free carries on next drill.

Early Oil shows for HRT in Namibia could come any time before the 50/60 day TD target is reached.

Final well analysis for Kab-1 expected anytime in the next week or so.Forward plan can then be put into place.

[alex hawk] 27/3/2013 23:08

I don't think its the end of the world for Chariot if HRT dust as the focus will move to its other assets -if anything it creates a buying opportunity for Morocco and Mauritania plus cash backing. Its almost like the markets have attributed zero value to Nambia looking at GBP, CHAR and TRP.

Its just all this tax year selling which I think is holding this back so personally would pile in after 5th April as hopefully some momentum builds towards the HRT drill result.

[triples] 27/3/2013 22:51

The snag with the cash is that it is being spent on useful activities like shooting 3D.

Chariot will have some fab datasets and so forth but less cash than at Dec12.

With luck, it should be able to farm out in namibia, mauritania and morocco (quite a bit later) on reasonable terms to get costs repaid and free carries, all being well.

An HRT duster just kicks sentiment a bit further. I am still here with a long (not as much as before) and hopeful that at least one of HRT's drill does the business.