Chariot Share Discussion Threads

[melodrama] 25/4/2013 19:34

Maybe longer term , Dow and SP500 slightly out of kilter wave wise

[melodrama] 25/4/2013 19:34

Maybe longer term , Dow and SP500 slightly out of kilter wave wise

[and then] 25/4/2013 14:07

Why look so far ahead, we have just completed 5w up and reacted at the 38.2% retrace, thus corrective right now...



Of course, it can become irregular B, or morph into a wedge etc

[melodrama] 25/4/2013 12:59

need a bigger Pink 4 i think!

[andonis] 25/4/2013 12:49

well off hourss DOW rose to 14740 so far

[andonis] 25/4/2013 10:13

5th wave extension violent retrace....note the book says,....5th wave extension is normally when we have fibonacci extension of the waves from 1 to 3rd. which we do exactly here.

[ronan7] 25/4/2013 09:08

still sticky at 19p bid

I would be buying at this price as the floor seems to be 18p and a bit at the mo.....if I had some money

[fairenough11] 25/4/2013 08:42

Secondary targets at Wingat could produce early good news though.

The pendulum has swung here imo.

[royalalbert] 25/4/2013 08:32

Wild outcome of drill is not known yet.

[ronan7] 25/4/2013 08:28

can`t see it getting too much lower...even on a duster by hrt...
cash still underpins it a fair way...and others drilling all over chars areas in the next year

[wild_goose] 25/4/2013 08:24

Dont know about news, but it has been controlled soooo tightly for a reason.

The reason is to make money.

The news is HRT drill, and the outcome of the drill is now known.

If it is oil, we will see a rise here.

If a duster, then, they will short it.

All about inside info.

AIMO, DYOR, etc.

[ronan7] 25/4/2013 08:18

trying to move it up today

news coming or mm`s games

[wild_goose] 24/4/2013 19:32

Anyone know what that RNS was about.

[indian3] 24/4/2013 17:34

roman
iv'e said from the starting it's pure manipulation, as with most Aim stocks

[ronan7] 24/4/2013 17:22

well.... silly end to the day

[crosswire] 24/4/2013 13:16

Chariot 'not giving up efforts' to find oil along Namibia coast

BY PAUL BURKHARDT, APRIL 24 2013, 06:05




Namibia is now drilling for oil in earnest
Oil-rich coastlines lure fuel giants

CHARIOT Oil & Gas, the UK explorer that failed to find crude oil in Namibia, is using information from its unsuccessful wells to get closer to making a discovery, CEO Larry Bottomley said this week.

"We learned technically an enormous amount from our wells and that has significantly refocused where it is that we're addressing our exploration," Mr Bottomley said in an interview in Namibia's capital, Windhoek.

"We happen to be in areas where there are elephants, so we're looking for giant fields."

Namibia has attracted explorers on a bet that its coastal shelf has similarities to Brazil, where the offshore Tupi find in 2007 was the largest in the Americas in three decades. Even with investment from Chariot and partners BP and Petroleo Brasileiro, commercial crude deposits have not been found and Namibia's sole gas field has sat idle since its discovery in 1974.

"Namibia is a frontier area: it is unproven to have material accumulations of hydrocarbons to date, but we believe that's just a function of drilling density and exploration maturity," Mr Bottomley said on Monday.

The CEO joined Guernsey, Channel Islands-based Chariot in 2000 as a nonexecutive director in charge of new ventures and took the top job last year.

The explorer owns blocks in three basins along Namibia's coast and announced plans last year to drill at least two wells in the country's central blocks. It has lost 88% of its market value since May 14 last year, when it failed to find oil at Tapir South, off northern Namibia.

In September, Chariot also failed to find commercial quantities of crude at Nimrod in the south, a prospect where it is still gathering data. "All it would take would be somebody to unravel the secret, what it is that makes Namibia work, and there'll be a whole significant follow-up potential," Mr Bottomley said.

Chariot says it has identified a potential find off southern Namibia and plans to process more seismic data at the site next year. Brazil's HRT Participacoes em Petroleo and Spain's Repsol also have drilling programmes in the country, and are increasing the number of wells there to 14 or 15 in the next 18 months, from 11 now, Mr Bottomley said.

"It's still an immature exploration province and it's a proven petroleum system. It took 22 wells in the North Sea to make the first discovery and about 26 in the Gulf of Mexico."

Chariot, which also has blocks in Mauritania and Morocco, is among companies boosting investment in exploration following a four-year increase in the price of crude.

While oil has now dropped below $100 a barrel, explorers undertaking high-risk projects such as Chariot are less discouraged because of the potential for large discoveries, according to Mr Bottomley.

"We're unashamed elephant hunters and we've got contracts that are commensurate with the risk that we're taking."

Mr Bottomley said the company was fully funded to do everything it needed to do in the next couple years.

[ronan7] 24/4/2013 11:01

whats good about today is fair volume(up on last week or so)
and share price is not jumping around for a few £100 trades

looks like a good un

[andonis] 24/4/2013 10:19

The red line is likely to be the limiting line for wave B of this ABC retrace from the DOW, see also post 7727 7728

[royalalbert] 24/4/2013 09:59

Never knew it took 22 wells to find oil in north sea. That's a pretty good interview in my eyes, be interesting to see what transpires form it.
If and a big if at that, shareprice for CHAR for oil strike by HRT, numbers anyone.