Chariot Share Discussion Threads

[11_percent] 19/9/2016 18:08

Easy 10 bagger.

[11_percent] 19/9/2016 17:55

Roomer.

They are going to drill 3 holes next year.

[rhomboid] 19/9/2016 14:25

I've sold out for now, I'm not sure what warrants the rise but I'd rather return when there's more activity with the drill bit than on bulletin boards.

I'm sure long term holders will do very well from these levels

[cinques] 19/9/2016 13:36

Yep, a good trade but I'm still baffled. Oh well ;-)

[leedskier] 19/9/2016 12:08

Certainly proving to have been a good trade for those who bought at 6p last Wednesday.

[cinques] 19/9/2016 10:17

leedskier,

I agree with you re value of offshore resources - years and many $MM from ever becoming reserves.

The interesting one is the well being drilled next to CHAR's acreage offshore Brazil, but that couldn't be causing this spike.

I think it's a bit of a rampathon on i i i.

One to watch, I guess

[leedskier] 19/9/2016 10:08

Over on triple I, there are some bullish calls being made as to the extent of the reserves. But if those reserves are off shore, without a "sea change" in sentiment in this sector, those reserves have little value.

[leedskier] 19/9/2016 10:06

I think it reflects my comment here in Wednesday morning, namely that it was trading at a substantial discount to its net cash.

[cinques] 19/9/2016 09:58

Yep... I'm baffled. I'm not holding any of these.

What have the buyers seen that I'm missing?

I just can't foresee any genuine news here for ages, but hey-ho.

Unless people think this is the start of the run=up to the possible drill in 2019 by ENI ;-)

[leedskier] 19/9/2016 09:50

Meanwhile it climbs another 14%.

[cinques] 18/9/2016 11:08

I reckon it's a bit too early to buy back here.

This spike of interest from the recent RNS will fade and the price will sink back imho.

ENI are not obliged to drill from what I gather and if they do it doesn't have to be in 2017,

As for the other two drills Larry is 'aiming' at, they are simply on a wish list.

Deep water is expensive to drill and the 'lower for longer' or even 'lower forever' oil price scenarios mean that none of these wells may get drilled.

I'd be inclined to keep my capital busy elsewhere and then buy in once a well drill date is announced. I know I'd get less of any uplift, but on a timed return on capital, I prefer to keep my capital busy. Equally, I'm not faced with the situation where no drill date is announced by CHAR and the price languishes.

[leedskier] 18/9/2016 09:13

As it happens I am not in it.

Like you 11% I post on BB where I have no financial interest. The difference is that I am not being paid by an investor relations firm to do so.

[cinques] 17/9/2016 23:08

what ever happened to bobobob5?

[11_percent] 16/9/2016 14:04

Ok, will go have a look at iii.

Is CEObob back.

[master esox] 16/9/2016 13:46

Leeds.What you talking about? the board is positively buzzing now compared to july / aug! More posts on iii btw.

[oilforex] 16/9/2016 12:26

Nothing's really happened and very few buys. More likely an mm mark up before it gets marked back down again over the next few weeks.

[leedskier] 16/9/2016 11:00

Remarkable that this share has risen 25% since the RNS on Wednesday and barely a peep on this BB.

[leedskier] 15/9/2016 16:36

I ahould have bought it yesterday ;

[zebbo] 14/9/2016 13:36

hmmmm lots of buys going through as sells as well