Chariot Share Discussion Threads

[nick rubens] 07/5/2015 14:38

Got to envy those buying at this giveaway price. I purchased most of mine around 17p and down to 14p and then managed a final tranche at around 9p mark.

Still one of the cheapest O&G's with cash comfortable ahead of share price next year it should rocket ahead of drilling unless they pull something out shorter term

[ohisay] 05/5/2015 18:16

And Kosmos too..

Kosmos
Kosmos held their analysts presentation yesterday and whilst I didnt listen in I have seen the slides and more importantly the new resource numbers following last week’s discovery in Mauritania. The company have estimated resources at Tortue West at 5-12 TCF with a mean figure of 8 TCF and in the Greater Tortue Complex which extends into Northern Senegal they have suggested a number of between 6 and 22 TCF. This is even more than I had expected when I wrote about it last week and for Kosmos and indeed a number of other players in the two countries will provide significant optimism.

[highlander7] 05/5/2015 17:45

From Malcy...

Chariot

One of those with a read-through to Mauritania is of course Chariot who are also most excited about the find, with their local acreage being more likely oil rather than gas prone. However this morning they have announced that they have taken a knife to board costs and have cut remuneration by 50% which they say will save around $1.5m next year. The first casualty of this is that CFO Mark Reid has decided to leave which is a shame as he was one of the ‘new brooms’ that came in post previous management debacles. The company say that this is very much a ‘precautionary measure’ aimed at protecting cash 2 ½ years down the road and indeed the G&A costs have nearly halved since they came on board. I remain of the view that Chariot, which is fully funded, has few commitments and therefore is comparatively well placed is as good as any to take advantage of the significant upside in its portfolio in the future.

[kiwimonk] 05/5/2015 09:03

Momentum of positive rnss I have a couple ideas what might be happening here now.If I get some feedback I'll post.But now isn't the time to be selling.IMHOKm

[shakudomaster] 05/5/2015 08:13

Ironpoo and foghorn sweating on your shorts?

[888icb] 05/5/2015 08:10

RNS sensible move to cut Board remuneration by 50%.

[hedgebetter] 04/5/2015 18:34

Vereker - I put your comment through the Swedish chef translator and it did not make any sense even with the translation ...

[vereker von hecht] 03/5/2015 21:02

How much the BOD paid here? Invest here?----Pay the BOD--how easy is it to con you?

[irnbru2] 03/5/2015 19:35

There is no way Larry will let the share price go up.

[irnbru2] 03/5/2015 19:34

No chance, this going to 5p, fact.

[hedgebetter] 03/5/2015 19:26

Got that wrong Irnbru .... lmao...

[shakudomaster] 27/3/2015 16:58

Big selk. No price move.

[andonis] 26/3/2015 18:22

Wost case scenario 77p.

[invisage] 12/3/2015 20:39

Ando

Hope you are well. Any updates on SIA pls ? thanks

[andonis] 03/2/2015 09:01

Euro to rise to 1.3 by this year end.

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[andonis] 23/1/2015 12:43

But before it goes there (previous chart) this has to break up.

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[andonis] 23/1/2015 12:24

DOW is better abit more to go...

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[andonis] 23/1/2015 12:12

The FTSE upsaide is limited

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[andonis] 23/1/2015 12:09

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[andonis] 23/1/2015 12:05

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[andonis] 22/1/2015 10:15

Markets (DOW) should reach 18875 before major correction.