Chariot Share Discussion Threads

[moneymunch] 15/5/2013 08:13

From the HRT 1Q report published overnight:

In the first quarter, HRT announced the spud-in of the Wingat-1, at PEL-23, the first offshore well in its three back-to-back drilling foreseen at its exploratory campaign this year. This well had a target to encounter the reservoirs of an Albian carbonate platform, which were hit at 4,050 m depth below the sea-level. HRT forecasts that the current activities in the Wingat-1 well will be concluded next week.

[ronan7] 15/5/2013 07:54

not expecting it to do much for share price today

will need a bit more info when its fully signed off

[ronan7] 15/5/2013 07:46

the company was slated for not drilling/being aggressive enough

these new areas show the company still has balls and is keen

[shakudomaster] 15/5/2013 07:40

At least there is no need to drill. At those depths just lean over the side and poke with a stick. wg , you are one manic depressive. Get some tablets and lighten up.

[wild_goose] 15/5/2013 07:32

Yea, it is now, but what about the poor saps that bought, north of 100p.

[fairenough11] 15/5/2013 07:28

That's one part of the jigsaw.Now the cash situation is the other.

Nice prospect.

[wild_goose] 15/5/2013 07:27

cherisher   15 May'13 - 04:30 - 2720 of 2725   0 0

Oil is there
---------

Ok, so why are we looking everywhere but Nammibia.

[wild_goose] 15/5/2013 07:25

Mmmmm, don't know, I take this as a long term positive, but what will be Market reaction at 8.00.

I will guess, and it is only a guess, the share price down, by 1.5p.

[ronan7] 15/5/2013 07:21

wildy

don`t see this has negative

char pushing forward

[wild_goose] 15/5/2013 07:20

In case anyone missed it, the share price is no longer supported by cash in bank.

[wild_goose] 15/5/2013 07:18

RNS.

CHAR have got some blocks, 100%, off Brazil.

So, there we have it, no cash in bank.

We get that placing away, so that will be sub 15p, to give BP control, on the cheap.
-------

 

Chariot Oil & Gas Limited

("Chariot", the "Company" or the "Group")

Successful bids for Exploration Blocks in the offshore Atlantic margins of Brazil

 
Chariot Oil & Gas Limited (AIM: CHAR) is pleased to announce that the Company has, subject to final contract, been successful in its bids for a 100% interest and operatorship in four shallow-water exploration licences, BAR-M292, BAR-M-293, BAR-M-313 and BAR-M-314, in the Barreirinhas basin, offshore Brazil. The acreage position of the combined licences totals 768km2 and the blocks are located 70km offshore in water depths ranging from 25m to 1,700m.

[moneymunch] 15/5/2013 06:28

RIO DE JANEIRO--Brazilian oil startup HRT Participacoes em Petroleo SA (HRTP3.BR) expects to have results from its first well drilled off the Namibian shore this week, a company executive said Tuesday.

"I think this week we're going to have the results," said Luiz Sguissardi, HRT's governmental affairs manager. Mr. Sguissardi made the comments on the sidelines of Brazil's 11th round auction of oil and natural gas exploration concessions.

HRT started drilling the prospect, dubbed Wingat, in March. The well is currently undergoing further testing that should be completed in coming days and allow the company to make an announcement, Mr. Sguissardi said. "I hope that we will have news," Mr. Sguissardi said.

Namibia is the crown jewel of HRT's portfolio of oil and natural gas exploration blocks. Geologists believe the highly prospective region off Namibia's coast could hold billions of barrels of oil under similar conditions to Brazil's subsalt, where oil was discovered trapped under a thick layer of salt. The two areas were connected millions of years ago.

HRT plans a three-well drilling campaign in West African seas this year. HRT is also in talks to sell an additional stake in its Namibian oil and natural gas exploration blocks, with proceeds earmarked to fund drilling of a fourth well.

Portugal's Galp Energia (GALP.LB) previously acquired a 14% stake in three of HRT's exploration blocks in return for covering a portion of drilling costs. HRT holds operating stakes in 10 blocks and minority shares in two others in the Walvis, Orange and Namibe basins.

Oil industry consultants DeGolyer and MacNaughton pegged average prospective resources for HRT's offshore acreage in Namibia at 7.4 billion barrels of oil equivalent. Average prospective resources are a preliminary measure used by the industry to indicate oil volumes that could be recovered from undiscovered deposits.




Read more at

[cherisher] 15/5/2013 04:30

Oil is there

[moneymunch] 14/5/2013 21:52

And Trp in double figures...GL

[wild_goose] 14/5/2013 21:36

Where is demmm, source rocks.

MMm was the guy that was punting this, now sacked.

Ok, corporate governance was not his bag, but he is the Brazil Oil Industry.

My view, all that is now known, points to oil in NAM.

The majors are moving in, Larry for BP, looks like US major, or other interested party, in HRT.

now complicated, The Atlantic Marigin, all of it, and Brazil, all of it.

Rohan, has a point, many drills to come, a hot summer ahead.

[wild_goose] 14/5/2013 21:21

Money looser,

We know, the drill is expearancing difficulties, the 60 days will be at least 75.

All to do with gas and H2S.

Gone sour, not pretty.

Remember, gas = $zero.


Is there source rock, FOR OIL?

Mmm....

[moneymunch] 14/5/2013 21:21

Lol....i'll take it as no indication of a duster....u can take it any way u want!

[kiwimonk] 14/5/2013 20:49

Money u seem a little naive.
hrt price will mean nothing, only the rns from them.

[belisce6] 14/5/2013 20:32

thought hrt was supposed to release quarterly today.. no ?

[moneymunch] 14/5/2013 19:56

shorters and those who want to deter investors abound!!! GL

ps HRT on the up and back in the blue!!! :-)))

[kiwimonk] 14/5/2013 19:25

Monkey et al - I know lots are into TRP - look the thing to remember is this -
There will be several more Drills in the next 12 months, one has to come up with good results. Its not a case of if, its a when.
I know of 5 companies that will be preparing drills in 2014. That could result in another 15 drilled wells. Think about THAT!

But for now, we have 5 odd this year. Its all to play for and investors here, just sit back and enjoy the ups and downs.
Don't let the posters who have no knowledge get to you.
The Oil Exists. It will Become a Reality. Just look at the Dozens of COmpanies and Billions of $ being prepared for the region.

Good Luck Investors.
KM

[kiwimonk] 14/5/2013 19:18

wild goose, you are a sad individual. take a look at yourself.
why waste your useless posts - no-one listens.
and your grammar says it all

[moneymunch] 14/5/2013 19:15

HRT Price Action

Namibia news will likley not be released until the end of the month, so there is actually quite a bit of time until then. Realistically, the idea that we get news from Wingat before the 20th of May is wishful thinking IMO. Well logging will add to this timeline.

There is No volume behind these share price moves, and therefore they are really meaningless. Any REAL news (good or bad) related to the WINGAT well, and the volume will flood in.....Millions of shares.

The wild card is the HRT-11 well. Results could come any day, and OIL hit should be a nice pop for share price. With the Brazil auction on the 15th however, I wonder if not disclosing the results would give HRT an edge on obtaining new blocks, or getting a good set of partners. Basically leverage their "undisclosed" results for a bigger piece of the pie. The info they have on the region and HRT-11 well, could be quite valuable.......before paying for other blocks.


Also, the 2nd Farmout partner/PR is out there. This news could break any time as well, but it could work against them if they DO hit OIL on the first Namibia well. Prices to Farmin to the other 3 wells will Skyrocket if they hit OIL on number 1, so they will get much more $$$$ on the backend if this is the case. Opposite is true if they hit a duster. I actually don't want a 2nd farmout partner to come on board, until after WINGAT results, because I think they will strike hyrdocarbons, particularly OIL. Think 3-5X in Farmout monies.

I am using the recent price action to pick up a few more thousand shares this week, and hopefully a Pile more early next week. With that said, my money thinks HRT-11 results come out this weekend.

Cheers !!!

Van

[wild_goose] 14/5/2013 15:07

HRT, down 4.5%

On the RNS.


I think it says, we know of no reason for the share price fluctuations.....bit like the RNS CHAR released....deja vu again.

[ronan7] 14/5/2013 14:55

we will be having these discussions over the next few months as drills go into the ground around our areas

lets wait for them

one swallow does not make a summer