Chariot Share Discussion Threads

[moneymunch] 07/7/2013 07:41

r007212..is this it???

hxxp://www.stockhouse.com/companies/bullboard/hrtpy/hrt-participacoes-em-petroleo-sa?page=2&threadid=21565245


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)

[moneymunch] 07/7/2013 07:37

HRT email response.....courtesy of nice1 on Lse

All please read the below concerning the current drill. Hope this will put a few people at rest knowing all news will come at the end.

Dear Mr ?

Thank you for your interest in our Company.

Regarding your question: "Are you going to provide news on each target when the information is known or are you going to provide news at the very ends once all is complete after the drill has reached TD.", the answer is: we are going to provide news at the very ends once all is complete after the drill has reached total depth.

[r007212] 06/7/2013 21:47

Does anyone have the link from the member of HRT that told us that they intend to run production casing?

[hedgebetter] 05/7/2013 09:56

Great news on the TRP drill...! hxxp://www.helioschariot.com/2013/07/05/namibia-trp-spud-february-2014-rig-ready/ and quite close to the Char Northern acreage - kind of next door...! hxxp://www.namcor.com.na/hydrocarbon-licence-map

[ronan7] 05/7/2013 09:06

no bots this morning...they must need oiling

[moneymunch] 05/7/2013 07:39

all bodes well for HRT stike....


Dr. Marcio Mello's Vancouver presentation on Investor's Hub, MM is scheduled to be in Vancouver July 23,24,25

Again this year, a legend returns to Vancouver. "Hilarious," "energetic" and "passionate" were words used to describe Dr. Marcio Mello's top-ranked presentation. Marcio is ready to show you the latest cutting-edge oil exploration and extraction technologies, geological research, and resource investment opportunities. This Brazilian oil industry legend founded one of the largest oil field discoveries in 40 years.

[moneymunch] 05/7/2013 07:16

TRP to spud mid Febuary 2014!!! ;-)

[andonis] 05/7/2013 02:44

andonis
26 Jun'13 - 11:38 - 7864 of 7911 0 0 edit

[r007212] 04/7/2013 20:52

Last day in St. Vincent today and on to Barbados tomorrow with no wifi, Friday is normally a good day for char dramatic moves and I can feel fireworks happening on a day that I'm unable to enjoy the moment for myself. Enjoy everyone!

[ronan7] 04/7/2013 14:12

ahhhhhhhhhhhh

in profit days...i nearly forgot

[r007212] 04/7/2013 13:03

And again the 50/55 multiple share trades continue without influencing the share price, last time this happened we hit 26p very quickly!

[vwnige] 04/7/2013 12:58

The management at CHAR have recieved a lot of stick on these boards but they are now starting to look very clever indeed..

We have acreage in all the current and up and coming hot spots Namibia,Mauritania,
Morocco, Brazil and we seem to get this acreage off the radar..

Our portfolio is starting to look very impressive indeed and the share price in the lead up to drilling next year will be a lot higher than it is now, with or without a HRT strike..

[moneymunch] 04/7/2013 11:09

hxxp://beta.fool.com/traderinvestor70/2013/06/30/is-morocco-going-to-become-the-next-h

Will Morocco Be the Next Hot Spot for Oil and Gas?

By Nathan Kirykos - June 30, 2013 | Tickers: APC, CVX, FCX, KOS, VET | 0 Comments

Nathan is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.

Angola has emerged as the new oil and gas powerhouse in Africa. Nigeria and Angola are the continent's leading oil producers, followed by Algeria, Libya and Egypt. These are the five biggest African oil producers which have been enjoying the benefits of accounting for 85% of Africa's oil production.

Morocco: An Angola in the making?

Several energy companies have turned their attention to Morocco lately, scouring the previously untapped land for precious oil and gas resources. Morocco enjoys political stability and operates under a constitutional monarchy and a democratically elected government. Can Morocco be the new Angola and join the group of top oil-producing African nations?

Morocco is neighboring the gas-rich Algeria and imports more than 90% of its gas and 99% of its oil. However, the country is stepping up its efforts to produce oil locally. The Hydrocarbon Law has been amended to improve terms, and oil and gas royalty rates don't exceed 10% or 5%, respectively. The new entrants also benefit from a 10-year tax break. All the resources in Morocco are managed by the Office National des Hydrocarbures et des Mines (ONHYM). Through the state-owned ONHYM, Morocco owns 25% of the working interests in oil- and gas-fields development.

Morocco is one of the most under-explored nations with a significantly lower well density versus the global average. Few offshore wells have been drilled so far while the majority of onshore drilling was carried out in the 1960s and 1970s. Morocco has only 1.6 wells per 10,000 square kilometers of licensed offshore acreage, compared to the world average of 51, or 100 in Nigeria, by the same measure, according to research by Sanford C. Bernstein.

The area offshore the Atlantic coast comprises the Morocco Atlantic Margin shelf, which extends more than 3,000 km along the shore line. The exploration and production started in 1929 and increased to reach a peak of production of 8,400 bopd in 1970s.

According to Citigroup, oil companies are planning as many as 10 wells in Moroccan waters through 2014. That's twice what was drilled in the past decade and represents the fastest pace opening wells since at least 2000.

[belisce6] 03/7/2013 22:29

not sure if they have sorted out the portaloos in brazil yet...

[hedgebetter] 03/7/2013 22:13

Retrohs aka Coch6670 - lmao. Nice try - you have no impact. None of us do - the market is much bigger than your ego.

[belisce6] 03/7/2013 18:56

in Namibia...

hrt currently in Murombe... then Moosehead, then maybe fourth drill...
first half of 2014 repsol/trp to drill the best target in namibia offshore...

(not to mention direct imminent farmout deals)

[belisce6] 03/7/2013 18:54

AND...

according to PuraVida update on 21 may 2013...

"We draw nearer to the commencement of the unprecedented drilling campaign offshore Morocco. We expect around 10 exploration wells (including our two wells in the Mazagan permit) with three rigs operating concurrently. The first wells are expected to spud around September/October of this year."

[hedgebetter] 03/7/2013 17:45

Mauritania hxxp://www.helioschariot.com/2013/07/03/mauritania-tullow-drilling-in-august-2013/ - the Mauritania drill is adjacent to the Chariots License - starts in August.. :-)

[ronan7] 03/7/2013 15:24

stopped drilling
saving its cash

peeps like all or bust oilers

[retrohs] 03/7/2013 14:57

why are they at 17-18p then?

[ronan7] 03/7/2013 14:45

nope......

I don`t think char and a lot of other cos are overly effected by macro economics

[retrohs] 03/7/2013 14:26

I think that today is the start of a major retrace of the main indices worldwide. FTSE is down 100pts already and todays good US data will increase the feelings that QE3 will stop soon. Scary times.

Will this take Char to my target of 15.5p?

[r007212] 03/7/2013 13:28

What is with the last several trades, all very small 36/50 shares!?!