Chariot Share Discussion Threads

[wild_goose] 03/6/2013 20:21

Good to see it is going to plan, GS shorted HRT on the planned duster.

Now to make some real cash.

[wild_goose] 03/6/2013 19:29

RNS.

Now we know why Larry has not bought any shares, he just give himself a pile.

Typical BP.

[wild_goose] 03/6/2013 07:25

Great to be back drilling again.

This is the well that will hit.

[hedgebetter] 03/6/2013 07:25

Excellent. Just as the HC site said - Sunday 2nd it will spud - and it did.

[crosswire] 03/6/2013 06:59

Spud-in of the offshore well on the Namibia's Murombe Prospect

Hrt Participacoes EM Petroleo Sa (TSXV:HRP)

Today : Monday 3 June 2013


RIO DE JANEIRO, June 2, 2013 /CNW/ - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) through its wholly-owned subsidiary HRT Walvis Petroleum (Proprietary) Ltd. ("HRT Walvis"), announces, on June 1st, 2013, the spud-in of the Murombe-1 (2212/06-1) ("Murombe-1"), the second offshore well in its back-to-back exploratory drilling campaign. This well is targeting the Murombe Prospect, located in Petroleum Exploration License 23 ("PEL-23"), in the Walvis Basin, offshore the Republic of Namibia.

The Boabab reservoir is expected to be encountered at 3,670 m depth below sea level and the Murombe reservoir is expected to be encountered at 5,090 m depth below sea level. Murombe-1 will be drilled to a projected total depth of 5,360 m by the semi-submersible Transocean Marianas (NYSE:RIG). The total time estimated to complete the operations is approximately 72 days.

[crosswire] 02/6/2013 17:51

28.05.2013-2:22 pm

Interview with Milton Franke, CEO of HRT


Roberto Altenhofen




There are 40 years in the oil industry, Milton Franke is one of the biggest challenges of his career: preside over the HRT in place of founder Márcio Mello, in a period of uncertainty regarding the future of exploratory campaigns in Solimões River Bay and Namibia and on the recasting of the Board of Directors.

The interview below is the result of a CEO's meeting with the Empiricus, conducted last Friday.



Milton, you identified the rock in generating Wingat and from what passed in the Conference call she is of great power. The company is going to say that the risk may Murombe of charging decreased from fact?

Milton Franke: Yes. If you remember a map that the HRT has often presented in their presentations, the generator starts South of Tapir and continues the line of the coast to South Africa. It does not occur in shallower basins areas and we still have no information better deeper bases, but it covers very well PEL blocks 23, 24, 28 and part of PEL-22.

Is a regional generator, mappable seismically, very conspicuous in the seismic reflectors. During drilling, the depth of water was 1,050 meters. Now from 1,500 metres, that is, entering 500 m surface sediments, we started to have major anomalies showing that there was gas coming into the blade. This gas may even have a biogenic origin, but soon began to appear, C2 really mature of gas oil.

Later, when we arrived at the secondary reservoir in this well (Nocoma), which was played more or less the 2,500 meters, had an anomaly gas, already started to get stronger, but the gas Nocoma has no reservoir. Are sandstones blades without being actually a reservoir, but the entire section already had evidence of C2 and C3.

Continuing drilling, we come to the main tank, which is an anomaly in seismic amplitude, and hence we understood because that problem existed with the drilling of the well; but it went wrong. The reservoir is absolutely closed, a limestone platform without porosity, but above and below the reservoir potential well had clues that were growing thereafter (this primary target).

We decided it was not appropriate to finish well in depth more likely to he end up, because the well had alternative since the beginning to continue until 5 thousand meters, but if that Shell had oil, saturated with good potential, probably we would not. We analyze with the partner, check the safety conditions of the well and decided to continue drilling up to 5 thousand meters – what was done.

Of 4,100 to 5 thousand well presented many indications of hydrocarbons into the chromatograph and we started having C5, C6 and even heavier hydrocarbons, which are already in the list.

We got into that had mapped as being our main generator this generator is very thick in this well, and we have drilled another 100 m below the generator. Continued taking evidence, began to have a loss of circulation, the well began to get the mud, we spend several days to the well, we were able to take more than 40 samples in side the tank, and generator made four positive tests among several attempts to show in this fluid reservoir and recover 4 fluid-filled chambers.

One of them we opened, the other three were for laboratories. One for Ipex (RJ) and two for international laboratories. They remain under pressure to check the total content of this sample. This one we opened is a light oil of approximately 40 degrees API. Greenish Brown.

The reservoir does not have good porosity, thickness is 1 meter, perhaps two feet, but the conclusion is that this is a discovery of oil subcomercial.



Why subcomercial if not tested the production, productivity and has no idea of the extent of this layer?

Because it is a very small thickness. It was 50 or 100 thickness meters probably information would come out of a discovery of oil trade, but probably would have to continue with the assessment.

We confirmed the presence of two generators, these generators will still be assessed as to the quality, carbon content. We do not have the laboratory analyses. We have only the evidence that were obtained during drilling, which were very good. Signs of oil.



There are many people talking and talking about the opposite regarding the probability of success of Murombe, as she gets after the result of Wingat. Is to quantify that, if indeed the PoS increased or decreased to the next boring?

This is the first question that we made for ourselves. If you look the Murombe prospectus, we have some seismic lines in that the two are on the same line. Between and Wingat Murombe has a distance of about 15 miles, and you can see clearly the differences between one and another.

The Wingat, when it was presented to the HRT America, was presented as an analogue of the Pampo field in the Campos Basin, and we still think that really is an analogue of these carbonate fields that were discovered in the Campos Basin.

Except that in this case our, this is not a carbonate reservoir. It does not extend with this format for Murombe. There does not exist: Murombe carbonate that is a well that is drilled in addition of carbonate platform.

The carbonate platform is in a water less and hence you are going to deeper water when going for Murombe. Recalls that in the Campos Basin we [in Petrobras] began in shallow waters and then finally went to deeper water, where had the Marlin's findings, which were actually the turbidite reservoirs?

Because our vision of Namibia is exactly the same. Those who compared the Pelotas basins namibianas Basins were completely deceived. The question that we're punching, is testing in our u.s. group is a geological section very similar to the Campos Basin, going to deep waters.

If you look at Murombe, the first thing you have is a secondary goal and shallowest of turbidites, which are equivalent to those discovered in the tertiary fields. That do not occur in sandstones Wingat, something new that we hope to Murombe. They were probably fed by this generator that we took in that seismically Wingat shows a perfect continuity-side – to Murombe.

The younger a little generator that we identified in Wingat also can be a generator for these shallower layers of Murombe. The other goal, which is deeper, is below this powerful generator we drilled in Wingat and requires a deeper, we mapped and identified through other wells that have been drilled in the Walvis Basin and further South, where are present as well.

So, if we can identify a risk reduction of exploratory Wingat going toward Murombe? My answer is Yes. The generator that we found is present and the reservoirs are others. In this case, our analogue of is more Marlin in the Campos Basin than the Pampo field.



In some instance the result of Wingat influences, is positive or negative, any farm outs that you are playing? The Magar spoke to us that up to two new farm outs would be possible in Namibia. There have been conversations after Wingat?

Our thinking is exactly that. The results of Wingat are sufficiently encouraging geological point of view and the information we collect. Today we are the only company that has a definitive sample of oil. I have one here in my Office. We are the company that has 3D data and all other data available in Namibia, has local and regional maps, we have a well sampled, with samples and samples of side rail of generators that we we have drilled, and is the only well that is in the direction of the ocean ...

If we get the same understanding of the oil companies, we have the conviction that it will be much easier at this point to get partners to the room well, get up partners for something new, an additional program that we imagine that will happen in 2014 and 2015.

We do not think the end of Namibia is with this program from 2013. It is simply a first assessment of what we have.

We have over two dozen prospects selected four of which have been mapped, representative of the diversity that we found to test different petroleum systems. Once obtained success in one of them, let's go back our portfolio, put everything on a map and decide where we will give the second and third shot.

So we believe that Yes, the companies will end up convinced that the result of Wingat is opening a new path and a new paradigm for Namibia.



The actions of Chariot and Ecoatlantic reacted favorably to the announcement of you ...

Exactly, that's what we hope. More than 40 companies know our data and were in our data room. Since they are redoing the accounts after the Wingat, we believe that some of them will find us. Some have sought.

I'm avoiding a first impulse. Want a week to talk with you, let the market matures the result and then do a very professional approach with a small group of selected companies to try to convince them to support the HRT in Namibia.

[moneymunch] 02/6/2013 09:11

Namibia: Chariot Oil Licence Renewed
By Nyasha Francis Nyaungwa, 31 May 2013


The Ministry of Mines and Energy has granted a one year extension for the First Renewal Phase on Chariot Oil and Gas' Central Area Blocks.

The licence area covering Blocks 2312 A & B and Northern halves of 2412 A & B, offshore Namibia are operated by Chariot's wholly-owned local subsidiary, Enigma Oil & Gas Exploration (Pty) Limited which holds 90% equity while partner AziNam Ltd holds the remaining 10% equity.

The extension means that the current phase will now run to 31 August 2014.

In a statement, Chariot CEO Larry Bottomley thanked the ministry for granting the company the licence extension. He said the extension will enable them to integrate their data with information resulting from third party drilling activities in the region as the company seeks to select the best prospects for drilling and subsequently a partner with the optimum information at hand.

Chariot has been unlucky in their quest to find oil off the Namibian coast after two wells were confirmed dry last year. Despite the dry wells, the company said it has identified prospects within both the shallower and deeper petroleum systems and will be looking to open a data room on the Central Area during the third quarter of this year.

"There will be a focus on the shallower petroleum system which contains attribute-supported prospects but recent third party results have de-risked the deeper petroleum system and the prospect portfolio identified there," the company's statement said.

Chariot added that it was encouraged by the results from the recent drilling of the Wingat 1 well undertaken by HRT located about 70km from Chariot's Blocks. Although HRT found no commercial oil in its first drilling in the Walvis Basin, the well reportedly encountered two oil generating source rock layers and some samples contained good quality, light oil.

Chariot said it will look to secure a partner with the aim of drilling a well in 2014 on completion of the farm-out process.

[moneymunch] 02/6/2013 08:00

and another drill to look forward to....

Namibia – Serica – H2 2013 BP Drill Decision

May 30, 2013 By Helioschariot Leave a Comment Chariot Oil & Gas


See here

Namibia – Luderitz Blocks (Serica operator – 55%)
■17,400 square kilometre block awarded in central Luderitz Basin at turn of year
■Agreed farm out to BP in March
Completed 4,180 square kilometre 3D seismic survey at end of September
■Fast track data is excellent quality and early indications very encouraging:
■Confirms presence of very large 4-way dip closed prospect (Prospect B)
■Indicates additional significant canyon Turbidite channel sand features
■Result of Wingat well recently drilled by HRT in northern Namibia is encouraging as it reportedly recovered light, high quality oil and presence of 2 mature working oil source rocks
■Serica estimate gross P50 resource potential of 670 mmbbls for Prospect B with substantial upside supported by independent report
■BP to decide in 2H2013 on exercising option to drill well
■All work to-date at no cost to Serica

[hedgebetter] 01/6/2013 14:19

Fantastic news :-) Off we go again....

[crosswire] 01/6/2013 12:01

Namibia – HRT – Murombe – Spudding on Sunday

May 31, 2013
By Helioschariot

According to the latest tweet from Knowledge Katti - drilling starts Sunday 3rd June. Well done to the HRT Team. Good luck and Boa Sorte!

[moneymunch] 01/6/2013 10:51

c$60 to Namibian Government, c$40 to the operator per barrel, gives TRP c$12 per barrel net on their 30%....and there's a conservative estimate of c12 billion barrels in their first prospect, with another 3 of similar size. If HRT makes a strike on their next well we could have every chance of TRP's share price hitting double figures imho and CHAR not far off £1 plus...GLA Onwards and upwards!!! ;-)))


Namibia: No Foreigners to Control Petroleum Sector
By Magreth Nunuhe, 27 May 2013

Mulunga said the government has set guarantees for the sector not to be controlled by foreign companies. Mulunga was reacting to questions regarding the recent announcement by Brazilian oil and gas exploration company, High Resolution Technology (HRT) that they have found liquid oil presence off the Namibian coast. "There is a petroleum agreement that these companies have signed with (the Namibian) government to enable them to explore oil and gas and it's the same petroleum agreement that will be used once oil is found," he explained.

He said there are three elements of taxation, namely royalty taxation of 5 percent for the production of crude oil, petroleum income tax that is pegged at 35 percent and three levels of additional taxation on profits, depending on the sum negotiated with the company. "So, roughly speaking, under the current taxation regime government would get close to 60 percent of the value of income from the oil resource and the rest would go to the company, unless government changes the taxation regime," he said.

http://allafrica.com/stories/201305271735.html