Chariot Share Discussion Threads

[vikingwarrier] 12/1/2018 10:31

BAck to 23p and ready for the next climb. Friday afternoon could be a good time to reach 24p.

[a2584728] 12/1/2018 08:49

Breathe and now time for the next run up

[a2584728] 11/1/2018 10:54

Take a look at NBB turn around in place. 16p. Looking for 30 short term and then 60p long term. I am a holder not a trader

[a2584728] 11/1/2018 10:52

Agreed. Will be top share of 2018 imho

[ileeman] 10/1/2018 16:16

Dont think we have seen anything in the share price yet, nice move recently but much further to go.

"one of the larger prospects likely to be drilled in the world during 2018"

[caters] 10/1/2018 11:33

This was also from the Tullow update:

"Tullow has also reduced equity levels in the exploration portfolio ahead of drilling by completing numerous farm-downs with the aim of ensuring sufficient exposure in the case of success, while limiting future capital commitments and extracting value where possible."

So Tullow's farming down of its percenatages in Namibia doesn't reflect adversely on Namibia - it's just Tullow's risk management process at work.

Chariot are getting on with the farm out process for Namibia - let's hope there's some news soonish.

[dcarn] 10/1/2018 10:01

Tullow update.

"Tullow plans to drill the Cormorant prospect on the PEL37 licence in Namibia in the second half of 2018 and preparations for drilling are under way. The prospect will target light oil and has a number of similarly-sized follow-up prospects in close proximity. Also in Namibia, Tullow completed a farm-down of the PEL30 licence to ONGC Videsh of 15% in November 2017."

[a2584728] 09/1/2018 13:24

The feelings are I hear that everyone is very bullish regarding all 3 of the Wells

[wisteria2] 09/1/2018 12:50

Which spud!

[ileeman] 09/1/2018 10:33

Rerating. Question is how high can this go pre spud.

[vikingwarrier] 09/1/2018 09:03

THis volume is amazing once again.

[a2584728] 09/1/2018 08:31

Easily. At some point they will have to let them go

[vikingwarrier] 09/1/2018 08:16

We could see 25p today.

[ileeman] 08/1/2018 15:49

Chart broken huge resistance line, consilidation around 20p will see this above 30p in a few weeks imo

Easy hold into spud atleast.

[a2584728] 08/1/2018 15:42

Just added at this dip. Clearly going much higher

[vikingwarrier] 08/1/2018 13:44

The shares are fairly tightly held. There is not a large free float avaiable here. Probably about 40%

[888icb] 08/1/2018 13:25

The rise continues with 6.6 million volume so far today. We are UP 16.5% and everything is looking positive. Currently Number 11 on the Leader Board.

[vikingwarrier] 08/1/2018 10:04

The Times piece

Oil exploration finally back in black

Exploration for oil and gas was hit hard when crude prices crashed in 2014. Within two years, companies had slashed their spending on exploration and appraisal £ and with it the number of wells they were drilling £ by more than half.
Things are looking up, however. Last year, the industry started to reap the benefit of cost cutting and efficiencies such as quicker drilling programmes. The spending fell, but the number of wells actually increased, according to data from Wood Mackenzie. This year, the trend is forecast to continue and the consultancy says £there are early signs that the exploration sector may soon return to profit£.

It believes the biggest excitement will be in deepwater drilling on either side of the Atlantic: including offshore Mauritania, Namibia, Guyana, the Gulf of Mexico and Nova Scotia. These sweet spots promise £high resource density, rapid commercialisation and breakeven prices below $50 a barrel£, says Andrew Latham, head of exploration at Wood Mackenzie. With costs below $50, but with Brent crude back within touching distance of $70, confidence is returning to the sector.

Oil majors are expected to lead the charge, with wells being drilled in Morocco in the first quarter by Italy£s Eni £ the most successful major explorer in recent years £ and by BP in Nova Scotia in the first half. Still, even huge discoveries will not significantly move the needle for behemoths such as BP. Investors wanting more direct exposure to the renewed optimism around the drillbit will need to look to the independent exploration and production companies, for whom a major discovery can be truly transformative. Naturally, higher rewards bring commensurately higher risks of disappointment; just ask Cairn Energy about the Arctic, or Tullow about French Guiana, where dry wells cost billions in the boom years.

For those willing to take a speculative punt, though, one company worth a look is Chariot Oil and Gas. A pure explorer with no production to its name, it was the original operator of the Morocco prospect being drilled by Eni. It sold down most of its stake but retains a 10 per cent, fully funded interest in the well. It also boasts a prospect off Namibia being drilled in the second half, and a second prospect off Morocco is slated for early 2019.

[a2584728] 08/1/2018 09:16

All sorts of positive talk about the new wells.

[a2584728] 08/1/2018 09:13

Should see 30 here by Mid Feb

[ileeman] 05/1/2018 16:09

Testing 20p highs, maybe needs a few attempts to break it, but when it goes expect 30p within a few weeks or so.

Next stop 30p then 40p+ after that.


free stock charts from uk.advfn.com

[888icb] 05/1/2018 14:03

Certainly good to reach 20p again and it looks set to move higher.

[a2584728] 05/1/2018 13:25

Is that a breakout?

[squibno1] 05/1/2018 13:06

with publicity increase and getting closer to spud these low prices will soon be left behind. Difficult to see any downside news prior to spud.

[vikingwarrier] 05/1/2018 10:00

Looks about to jump higher. This could finally get past 20p today