Chariot Share Discussion Threads

[caters] 26/2/2018 09:41

Could the £20m be to pay for Namibia drilling?

[cyclades] 26/2/2018 09:37

its stationary

[tunnelking] 26/2/2018 09:17

Hopefully he doesn't but slot of the herd believe him hence the drop.

[filterwest] 26/2/2018 09:15

How the hell does he know?

[tunnelking] 26/2/2018 09:04

Brokers Dan has tweeted earlier that a placing is coming at 12/14p of £20000000

[neo26] 26/2/2018 08:57

WATS happening here, why the sudden drop?They are fully funded? Is there going to be delay?

[rayrac] 26/2/2018 08:56

It’s obvious now. The Turks won’t let it move!

[gofers] 26/2/2018 08:45

Surprised to see quite a drop in price this morning especially since Saipem is likely to set sail in the next day or two. Wide spread in the share price also. Have just bought some more at 19p. Hoping for a repeat of Serica share price movement!

[rayrac] 26/2/2018 08:44

So the drillship is still stuck in Cypress?!

The Turks are a jealous load of barstewards and wont let the Greeks off the hook. Got to live with it?

Or is it on the way and the mm’s playing their usual game.

[chestnuts] 25/2/2018 22:27

Hi Anthony

Hope you are well did you buy any SQZ

Here are my latest working out on SQZ its quite interesting comparing to GKP

Gkp

Went from 4.5 to 202.5 total movement 198
198 x 593 days = 117414
Now the total movement 445 .5p
and it took 1068 days
1068 – 593 = 475
450 – 202.5 = 247.5
117414 divided by 475.25 = 247
117414 x .618 = 72561
The last wave was 200 days long and a total of 363p in price
200 divided by 475.25 = .423
200 x 363 = 72600
Now we have a small formula
SQZ
Topped at 93p total movement 90.25 total days was 1036
90.25 x 1036 = 93499
Now my cycle is 1252 days ish give or take a day
1252 – 1036 = 216 days
93499 divided by 216 = 432.
432.+ 93 = 525
475.25- 1000 = 524.75
(when the price bottomed in sept 15th 2017 total movement was 17.5 and it took 913 day )
17.5 divided by 913 = .0191675
191675 is the number of days of 5.2475yrs
Going back to 93499 x .618 = 57782
216 x .423 = 91.3days ( now i presuming this will be the correction from 93 down to 65p ish
That leaves 125 days for the price to rise which will be around 460p ish from 65p
Now at the moment i think we are half way through the correction and we are on a double 3 correction wave, which means we should rise to 87p ish then down 65p ish before we start the 5th wave around 12/14th April

[xxnjr1] 23/2/2018 22:25

Stealbulls - The Vos Prudence has been shadowing Saipem 12000 all day. It was with the rig when it started moving this morning, and has't been into Limmasol so far. However a quick search "Saipem 12000 nearby vessels" revealed another supply ship is on the grid: VOS Purpose left Limmasol at 2018-02-23 21:27 destination Limmasol Offshore 2018-02-24 04:00. It's actually a lot closer than that. Will be alongside the rig in about 30 mins, unless it stands off. So things are more or less following the script of your post 4890 :-)

I kind of have a feeling 6th Gen Drillships aren't designed for speed, although I can't seem to find any specs about cruising speed for these vessels. Drillships spend most of their time stationary - so would it make sense to equip them with a massive propulsion system thats redundant for most of the year? Perhaps not? So I'm assuming a more leisurely 9 knots.....its about 2050kms to Mohammedia. So maybe 10 to 12 days transit time at best?

[stealbulls] 23/2/2018 20:07

'Supply ship' - 'Vos Prudence', currently docked alongside the Saipem 12000. A few hours maybe, and we'll be off. The Saipem 12000 deepwater drill ship was built in 2010 by Samsung Heavy Industries - it has over 200 living accommodations on board and is heavily fitted out for all occasions.

Will be moving off next to Morocco to the JP-1 prospect to spud the RD1 well (single well) - operator ENI (40%), Chariot 10% carry free (768 mbl target). On success we are looking for it to derisk the Mohammedia and Kenitra prospects to which Chariot Oil has a current 75% interest.

Chariots market cap is currently less than £60m at the moment.

Please do your own research, rather than relying on others, success is always only a percentage chance!. GLA.

[stealbulls] 23/2/2018 17:16

Great find!
Can't see it staying in the area too much longer - at 6Kns with it's AIS constantly transmitting it is still tip-towing around! I would assume it still has a last connection with Cyprus before fully leaving the area though (crew change or supplies). My best guess, it's speed will drop to near stationary at 19.30 UTC today before later moving off at pace 14-16KNs maybe (at 228m long, looking very clumsy this vessel could still push 20kns if it has too!!).

7- 10 days there after to get to Morocco, and ready to spud perhaps!!

[jimarilo] 23/2/2018 17:15

xxjr1,

The link below page 2 confirms the Poseidon will be ready stacked (drill ready) in Walvis Bay

Unfortunately you have to register to read it

"2.The Ocean Rig Poseidon has finished its recent one-well drilling contract with Statoil (NYSE:STO) offshore Tanzania and will be ready-stacked in Walvis Bay, Namibia."



Looks like they have already sharpened their pencil and open to a good discount

[xxnjr1] 23/2/2018 16:20

According to this, it's going to Morocco

hxxp://www.ekathimerini.com/226092/article/ekathimerini/news/turkish-ships-threaten-to-sink-enis-drill-vessel

Turkish warships harassed the surveying vessel of oil company Eni and threatened to sink it on Friday in the Exclusive Economic Zone of Cyprus, with the Italian ship forced to make the necessary maneuvers so as to avoid a collision, according to Skai radio that cited Cypriot news reports.

Four or five ships of the Turkish navy tried to once again obstruct the Saipem 12000 drill ship of Eni, that has over the last couple of weeks been prevented from performing its duty to search for hydrocarbons at Block 3 off Cyprus.

In a last-ditch effort before departing for Morocco, the drill ship attempted to approach the spot where it was supposed to begin its surveying, but the Turkish ships nearly caused a collision, that was averted in the last minute, after issuing clear threats to the Italian vessel that it would be sunk.

Eni’s ship left the spot and started sailing west, setting course for Morocco.....

[stealbulls] 23/2/2018 14:57

Saipem 12000- (www.vesselfinder.com).
Now showing destination / ETA-
Cyprus Offshore - Feb 23rd - 19.30 (changed at 14.15 today).
Previous:-
Cyprus Offshore - Dec 2017!
Don't hold a position here yet - like the play though!. Either the vessel is meeting a supply vessel (Offshore) or is the next drill location for ENI, within 50KMs of the Limassol Port? - I know we all want this to head to Offshore Morocco ASAP, just trying to second guess the drill vessel on the way!

[xxnjr1] 23/2/2018 11:07

ENI probably sorting out the permitting as 12000 proceeds.

[vikingwarrier] 23/2/2018 10:21

Still no news released to the market!

[nibble] 23/2/2018 08:49

Saipem 12000 has started moving at:

Time: 2018-02-23 08:44 UTC
Position: 34.5372, 34.26133
Speed/Course: 6.4 knots / 85°

[xxnjr1] 22/2/2018 22:48

ENI seem to be loosing patience with Turkish naval manoeuvres off Cyprus that have been impeding the Saipem 12000 drillship. Looks like ENI may defer that well and move the 12000 to the next drill - which I presume is Morocco.

[jimarilo] 22/2/2018 13:28

Agreed, nothing signed as yet, but they obviously feel a need to be there and a possibility of several wells to drill depending on success rate, particularly in Namibia

[xxnjr1] 22/2/2018 12:00

Hi Jimarilo - I'm reading that Namibia move for Poseidon as a sensible positioning of the rig to pick up any work in the Atlantic Basin, not necessarily Namibia specifically - unless some discussions are going on in the background we don't know about.

[andonis] 22/2/2018 09:09

free stock charts from uk.advfn.com

Well, good day to you all. It struggled yesterday but it did what we expected in the end, and also it dived early erasing most of today's drop in advance. The black circle shows the expected bounce and hope you guys earned a lot of the 200 point rise and hit the blue circle decided it rose enough. Then being late in the afternoon and knowing the boys it will drop today they sold early sinking it to the close. Effectively they sold also most of today's drop which would have been larger. The blue circle is not that accurate as it includes way back values but it seems it fits a snug and it is clear we may see more drop in the opening today. After the drop a nice rise again. So strategy should be after the opening buy the drop. Of course each on its own but who trades best is the winner. Much Love to you all. Be Rich