Chariot Share Discussion Threads

[bellonero] 06/4/2013 17:04

are the tax years the same in the usa ?

[axe79] 06/4/2013 16:31

End of the tax year 5/04, should be a strong buying day Monday.

[fairenough11] 06/4/2013 16:06

From iii-cheers.

HRT---2nd Farm Out by end of April BEFORE result of 1st Drill.--There's gonna be no let up here with Tullow also drilling Mauritania and farmouts from Char for Northern/Central/Mauritania to come also.
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To give continuity to the projects of exploration and production of oil and natural gas in Brazil and Namibia, the oil company HRT will in partnership with national and foreign oil. The intention is to find investor partners to reduce business risks. In the African country, the company plans to close the sale of a portion of a block to the end of this month, before the announcement of the result exploration in the area. In Brazil, the company has qualified to compete in 11 new exploratory areas. Bidding Round, which will be organized in May by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). But HRT is not willing to commit the cash, currently R $ 1 billion in this venture. The idea, says Marcio Rocha Mello, president of the company, is to seek alliance with other investment companies. HRT enter only with the "know-how". "I spent years doing to us and to my companies, geological surveys and the basins of the Northeast region and the equatorial margin of the country I know it like the back of my hand. Clearly there are oil companies interested in partnering with only HRT for technical expertise, "Mello claims. The strategy of not spending money on acquiring new areas will only be reviewed if HRT encounter a "spectacular opportunity," said the executive. Then admitted that the areas offered this time are the new frontier, which implies more risk than those located in more mature basins such as the Campos and Santos. Shares of HRT, which in March 2011 came to be quoted at R $ 43.00, now worth a tenth of that. In closing this Friday, the exchange rate was R $ 4.39. Over the past 12 months, the devaluation was almost 63%. Mello said that all the company's available cash will be directed to projects running in the Amazon and in Namibia. He said that resources are sufficient to cover the investments planned by the end of 2014. "If we do not find anything in Namibia and not generate cash will be a great chance, almost an impossibility," he said. Currently, the company has Portugal's Galp as a partner in Namibia. The oil company acquired at the end of last year's 14% interest in three exploration licenses of HRT, the Walvis and Orange basins. Besides this and the second asset sales, expected to be completed by the end of this month, HRT negotiates other companies, with the premise that remain as operator and owner of at least 51% of the control areas. Currently, the company's total share in the blocks is around 85%. "HRT is at its best. We are about to produce oil in the Solimões and Namibia," said Mello, disputing rumors that shareholders are unhappy with the way the company has been led by him. ..


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[vwnige] 06/4/2013 11:45

Hyper...

These are excellent levels for a new investment..

The best stratagy might be to drip your money in over a couple of months ( buying on big dips )..

Although there is no drilling this year there is plenty going on with other operators and i also think we could get a farm out or 2...

I also think the rise on Thursday was for a reason, people sold out yesterday because nothing was announced but if there was a leak we may not hear until next week at the earlest...

[fairenough11] 06/4/2013 11:17

from iii-cheers
=================================================================================
09:48
Whatever your thoughts on...............
robbiepaul2
2
Thursday 16:00pm---Friday 16:30pm,one thing is crystal clear.

Char share price can rise by 40%++ in 20 minutes,given certain circumstances.

Now given we have :-

HRT---4 Wells being drilled in Namibia back to back---Repsol--BP/Serica drilling 2014(Namibia)

Tullow----4 Wells being drilled in Mauritania----Dana/Kosmos drilling 2014.(Mauritania)

Cairn/Kosmos---Drilling in Morocco(3/4Q)---Genel--Plains Pura Vida DRILLING(Morocco)2014
=====================================================================
Namibia Southern Area--Final well analysis.>>>Forward plan for 2714A
Design 3D seismic programme for 2714B
Namibia Cental Area--Farm outs--Partnering programme.

Namibia Northern Area----Farm out process.

3d Seismic programmes in Mauritania/Morocco.
Possible early Farm out of Mauritanian acreage.
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All the above is going to happen,so given we can move 40%++ in 20 minutes on rumours of a 3rd Party Oil strike/T/O,imagine what can happen when the actual news is released.
We have non stop 3rd party drilling for the rest of 2013 and 2014,so expect more days like Thursday 16:00pm when auction after auction make it almost impossible for many shorts to close/buy back without paying a huge premium.
Thursday 16:00pm showed me what was possible.I look forward to all the above news hitting the wires and watching the rush to close.
Its all coming,so sit tight and enjoy the ride and the odds say there should be one or two Oil Finds coming out of Namibia/Mauritania/Morocco in the next 12/18months.
Good Luck.

RP.

[ninja 19] 05/4/2013 22:17

It's the real deal mate.

Happy dreams tonight.

[triples] 05/4/2013 21:57

Only one relevant question for the day: post 2310 ... implants or not?

[b1llyboy] 05/4/2013 19:11

Na.................Dream on.

A couple of short positions got spooked by the read across from the HRT leak.
Were forced to pay big prices to buy back their stock.

18p open Monday looks more likely after today.

[rmart] 05/4/2013 18:19

Well i bottled it today, took a £300 loss and got out. Good luck to you all. At least I got a good profit out of caza so good overall .

[cherisher] 05/4/2013 18:15

billyboy,

carnage for the shorts.

[b1llyboy] 05/4/2013 17:48

Monday................Carnage

Probably Ninja..............utter,utter bellend.