Chariot Share Discussion Threads

[chestnuts] 24/6/2013 18:54

anthony

i posted 5 yrs ago that the dow is making a giant expanding triangle but maybe a couple of yrs away its hard to be precise< also Antony when you do your workings out use 4.626 as a ratio and as just a number you will be surprised how the dow and ftse are imbeded with this number, you will ask why well its the sq root of 2140 which is the number of trading hrs in a yr, also its imbeded in gold 3.605 x 462.6 - 1668 + 253 = 1921, also in 1792 when gold was still priced in £ gold was £4.62 an oz and in $19.39, now if you x 19.39 by 42.01 you get 834, so if use history again the last time gold was fixed at a price was on 27th Feb 1973 at $42.6 + 834 = 876.6 this was top price gold reached in 1980, Also if you double 834 = 1668 yes you got it divded by 86 = 19.39, so its all preordained. If i knew this before 2011 i would have sold all my gold, but the top as not been reached yet that wont happen till 2019.09

[moneymunch] 24/6/2013 14:13

Pancontinental – Shareholder update – 24th June 2013

June 24, 2013 By Helioschariot Leave a Comment Chariot Oil & Gas

Offshore Namibia – EL0037 (Pancontinental 95%)

With the recent recovery of light oil by HRT from several thin sands and the drilling of mature oil-prone source rocks in the area immediately south of EL 0037, Pancontinental's concept of oil generation and entrapment in an oil "fairway" is proving to be verified. On trend to the oil recovery, Pancontinental has outlined a number of large ponded turbidites and slope channels for further exploration; it is expected that better reservoir rocks will be present amongst these features.

Leading consulting firm DeGolyer and MacNaughton ("D&M") has made an independent estimate that 11 leads in the EL 0037 licence area have potential to hold a total mean prospective resource of 8.0 billion barrels of pil – 7.6 billion barrels of oil net to Pancontinental's 95% interest. Pancontinental is planning to farm-out for 3D seismic and drilling.

Immediately south of EL 0037, in PEL 23, HRT drilled the Wingat 1 well from which 4 samples of oil of 450cc each were recovered form thin-bedded sandy reservoirs in May 2013. The recovered oil is Light Oil (38 to 42 API with minimal contaminatiion.

Milton Romeu Franke, the CEO of HRT stated:

"We are pleased with Wingat-1 overall results. The confirmation of the presence of high quality source rocks that are clearly in the oil-generation window, coupled with the IFA formation testing, which recovered light-oil from the reservoirs we penetrated, were major achievements obtained by this well. ......"

Licence EL 0037 JV Partner is Paragon Oil & Gas (Pty) Limited (5%).

[fairenough11] 24/6/2013 12:47

jimmy iii--cheers

Many investors in chariot are following the share price movements of hrt for indications of the prospectively for oil exploration in Namibia and hence it's impact on chariots share price.
One needs to look a little closer at hrt and it's valuation drivers before coming to a conclusion about the meaning of it's share price movements.

Hrt currently have a Market capitalisation of £172 million compared to chariots current value of £36 million. In both companies it's Market capitalisation is largely represented by cash. However, in the case of hrt much of this cash will be spent by year end.

Hrt have gas assets in the jungle of brazil, and value of gas discoveries in the jungle in brazil were reported by de Golyer and McNaughton at HRT IPO as being of negative value. Although hrt have reported they are examine ways to monetize approx 1.5tcf of gas it remains very uncertain as to what it's real value is. Until there is more information it would be prudent to assign a nil value. Hrt also have acquired proven oil production offshore brazil but this was debt financed, so again a nil net value. That leaves hrt with it's diminishing cash balances and the exploration value of it's Namibian acreage. So far both hrt and chariot have drilled and found world class source rocks in it's acreage and hold similar acreage.

If hrt discover say 1.2bn bbls of oil in it's baobob prospect it's likely to be worth £6.6 bn or approx 38 times it's current value, accordingly any good exploration news that leaks is likely to drive the hrt share price higher on very high volume and high percentage moves,in my opinion at rates of increase greater than 15% per day for several days.

One of the main differences between hrt and chariot is that chariot have succeeded in doing three farm outs in Namibia compared to hrt who have done one small deal. Accordingly, in the absence of drilling news hrt share price is likely to continue declining in line with it's rapidly declining cash balances.

Accordingly, the regular reduction in the hrt share price does not indicate that the Namibian oil exploration potential is unfounded just that there is no drilling news.

From chariots point of view it is looking for hrt to prove the presence of source rocks which will impact chariots nearby acreage, this has already been done for the walvis basin with two world class source rocks being proven.this will increase chariots farm out potential hugely and hence be reimbursed for past 3d seismic costs and thereby avoiding shareholder dilution.

I am not currently a hrt shareholder, but I like it's geological potential a lot, it's hard to invest in a share price that falls every week. Accordingly chariot remains the least risky way to be exposed to hrt drilling success. This is because a proven oil discovery will proove both the source rocks and the reservoirs for such a discovery and will allow nearby explorers to target similar geological prospects which are on trend, the string of pearls exploration strategy widely proven world wide.

Good luck all
Jimmy
More View thread 6

[fairenough11] 24/6/2013 11:59

Agree,so added at a few more at 17p--Bargain imo!!!

[r007212] 24/6/2013 11:58

The market is yet to react to this news, can you imagine the reaction in the share price should they here that HRT are flow testing!

[andonis] 24/6/2013 11:08

For those who asked me before, about the markets, the markets will top on 14th August 2013 at a price of about 16250

[crosswire] 24/6/2013 07:24

I don't think we are in the payzone yet:- |


DrillaHill

June 22, 2013 08:08 am

In the 1Q13 Results CC from 05/15/2013

Joe Paul stated HRT have already reached 5000m
from this information we can assume 4000 m was drilled in approximately 50 days
that confirms ooleum's estimation of drilling 80m/day in average

As HRT stated:

The Baobab 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. (in 1,391 m of water depth)

drilling 80m/day in average would take

Baobab (3670m - 1391m)/80m = 28,5 days (06/30/13)

Milton Franke said in the wingat results CC
minute 07:25 CC wingat-results

HRT today after results of Wingat is analysing to adjust our drilling plan for the Murombe well including the casing of the well and the running of production tests to evaluate eventual flow rates and then work on economic model to evaluate the commerciality of the well. (they didn't plan that for wingat)

if there is something worth to test @ Baobab,
and I bet there is, because of the 2 proven oil generating source rocks above Baobab,
I assume about 10 days for testing before continuing the drill to reach Murombe

Murombe (5090m - 1391m)/80m = 46 days + 10 days = 56 days (07/26/13)
if there is something worth to test @ Murombe
I assume about 10 days for testing

total depth, Sivaradi (5360m - 1391m)/80m = 50 days + 20 days = 70 days (08/09/13)

[r007212] 23/6/2013 15:31

I think this will be an exciting stock for the week, expecting a number of auctions!

[andonis] 23/6/2013 14:27

Long way from bear....

[andonis] 23/6/2013 13:49

I expect markets to rise from here to easily 15300 (Dow)

[andonis] 23/6/2013 13:30

Well for gold to drop to 1100 is the obvious drop considering the elliotts of this chart! More is due...but not in one go.

[hedgebetter] 22/6/2013 17:33

Yes...mid to end of next week...

hxxp://www.helioschariot.com/2013/06/22/hrt-drill-schedule-eta-guesses/

[moneymunch] 22/6/2013 16:01

As for Baobab, June 26th, mid next week, maybe likely now.

GLA

[r007212] 22/6/2013 10:58

Other than BLVN and taking GKP out of the equation I cant think of the last AIM oil discovery. I have to go right back to RKH! I was involved in the African Oil find only to lose 90% of it on RMP!

At these prices Char is a compelling investment for those with a longer investment horizon. As is Fogl, Trp and Wsx

[hedgebetter] 22/6/2013 09:59

End of next week ETA for Baobab. I have seen some posts that think they should be there now - e.g. on iii -

I still think this is more likely hxxp://www.helioschariot.com/2013/06/11/namibia-hrt-baobab-eta/ 29th June - first of three prospects in ONE drill.

Until then the traders will try to screw over the little guy with sucker punches...hold on to your hats.... ;-)

[r007212] 21/6/2013 19:25

I have a very good feeling about this well and as of Monday we will be well into the oil shows which will see an uplift in volumes!

I speak as if the HRT well is CHAR, but the fact of the matter is, if they find oil this will go nuts, back to the dizzy highs of 300p + IMO!

[peterboroughmatt] 21/6/2013 16:51

Hrm trading seems to have come to a stop over @ HRT.

[hedgebetter] 21/6/2013 16:15

Next week some time.... HRT still moving on up....

[moneymunch] 21/6/2013 15:39

Hrt on the move....7% up so far......any oil shows yet, they must be getting close??? ;-)

[ronan7] 21/6/2013 15:00

not had a mad last hour...for a while

looks on the cards today

[kash18] 21/6/2013 13:45

Chestnuts. That's one massive fall. On gold 1087. In the next few days. Would be good to hold long term long on it. Thanks for your ta