Chariot Share Discussion Threads

[invisage] 25/12/2013 22:50

Great - thanks Ando :-)

What are your views of the FTSE / DOW over the next 6 months?

I think strong Q1 followed by 20% or so correction for the next leg up. Longer term I think we will see higher markets, but would be interested to hear your thoughts on the charts.

Thanks very much

[andonis] 25/12/2013 22:33

Invi, this DLG unless it breaks upwards, it will fall. The resistance line MUST be broken if the high will continue to rise. If not then we will see a nice fall rise to similar highs and then really down... Wait and see....If it falls waitifor the retesting of this line and then sell.... If it breaks up then hold on to it.

[andonis] 24/12/2013 09:26

Looks a bit topsie to me Invi. tonight as it wont let me get a stable chart this morning.

[invisage] 23/12/2013 23:51

Ando

Any views on this chart please?



Merry Xmas to you and your family, thanks for all your work this year :-)

[andonis] 23/12/2013 15:31

on course for 6700

[andonis] 23/12/2013 13:18

FTSE wants to go to 6709

[andonis] 23/12/2013 10:36

Hitting the resistance.....trying to break up

[andonis] 23/12/2013 08:29

First thing first, this is the overall picture...nice clean break for ftse, it will have to be retested sometime

[hedgebetter] 22/12/2013 20:15

hxxp://www.helioschariot.com/2013/12/22/mauritania-onshore-repsol-spud/

[hedgebetter] 22/12/2013 19:59

hxxp://www.helioschariot.com/2013/12/22/namibia-bp-out-withdrawas-from-deal-with-sqz/

[ohisay] 22/12/2013 17:27

RBC update..


The regions in which Chariot operates are seeing industry interest continue to grow – Tullow has embarked upon a four-well campaign offshore Mauritania, Cairn (and subsequently Genel,Kosmos, Galp, etc) are drilling offshore Morocco and Repsol is scheduled to drill offshore Namibia. Any positive drilling results from these campaigns could help generate new interest in Chariot. And, in 2014 Chariot aims to secure two partners for drilling, one for Prospect B in the Central Blocks offshore Namibia and the second for a prospect offshore Mauritania.
Chariot looks set to end 2013 with cash of $55m (beating our $47m forecast); as a result the company is fully funded for its current contractual commitments. Management's zero-cost, farmout- led, strategy is intended to deliver at least one potentially transformational exploration well per year for the foreseeable future.
Mauritania: Chariot received 3,500km2 of 3D in December and will be
interpreting the data throughout Q1/14; a resource update is scheduled
to follow in Q2/14, concurrent with the opening of a dataroom to secure
a further farm-out (a deal with Cairn helped cover the costs of the 3D).
Namibia: Offshore Central Namibia, Prospect B, a 470mmbbl deepwater
canyon prospect, has been identified as the likely drilling target. A
dataroom opened in September with the aim of securing a partner for
drilling, and management says it has received an encouraging response
from key industry players. Chariot has also initiated a 2,000km 2D survey
across its Southern blocks in order to determine specific regions of interest
for subsequent 3D. And, in the north, the company will await the results
of third-party drilling, which is due to start in Q1/14, prior to progressing
the partnering process.
Morocco: A 1,300km2 3D survey, spanning areas of interest in the Rabat
Deep and Loukos blocks, has been put out to tender. The aim is to
commence these campaign in H1/14.

Cheap as GHH says with 17p cash per share.

[hedgebetter] 20/12/2013 21:38

Morocco Farmout:

hxxp://www.helioschariot.com/2013/12/20/morocco-fastnet-farmout/ - :-)

[andonis] 20/12/2013 07:05

It is expected to hit 6600 see chart below

[vwnige] 19/12/2013 21:07

When you look what the market values TRP at, this looks very cheap indeed,

[andonis] 19/12/2013 21:06

And for the record....