Chariot Share Discussion Threads

[caters] 01/3/2018 08:57

I suspect that the two wells now planned for Namibia and any extra wells drilled in this forthcoming campaign will be the last throw of the dice for Namibia.

[rayrac] 01/3/2018 08:46

Who knows? But it IS on its way, that’s the cruncher.

Only thing that bugs me, is Namibia, one gas field and high hopes so far.

[jackspratt] 28/2/2018 22:43

I though it was delayed because of the blockade issues when it was off Cyprus. I may have been wrong

[tunnelking] 28/2/2018 20:46

Thought we were ahead of schedule not delayed ?

[jackspratt] 28/2/2018 18:55

Saipem 12000 is enroute to Morocco so drilling may not be delayed too long.

[tunnelking] 28/2/2018 16:01

Thanks JimSo as well as the masdive dilution from the placing CHAR are likely to get diluted again via a farmout.With Larry's past record I wouldn't expect very good terms so not sure I see this as a positive now we are fully funded for both drills.....but the gravy train must go on for Fat Larry and his Band!

[triples] 27/2/2018 13:27

Header stripped down :-)

Good luck everyone.

[stealbulls] 27/2/2018 13:16

Worth a look through:-

hxxp://www.chariotoilandgas.com/wp-content/uploads/2018/02/Corporate-Presentation-February-2018.pdf

From Larry today - the recent 3D Seismic being processed from Dec 2017 is looking to upgrade 'Kenitra' - to 800 mbls!

Please do your own research. GLA.

[atyorcall] 27/2/2018 11:56

Thanks for the advice now move along please

[jotoha2] 27/2/2018 10:56

Holding now is a pure gamble , look at PVR , went to 20p prior to drill , and then 5p on results of duster , preservation of capital is the game , sell now and avoid the pain.

[caters] 27/2/2018 10:54

If ENI misses, the share price will be hit hard.

However, there will be a recovery for the Namibian well. The odds for that one aren't as good as Morocco so peeps will derisk quite early for the 2nd well, imho, but there will be some recovery.

[xxnjr1] 27/2/2018 10:46

if there are 2 dusters (most likely scenario) all that will remain will be charred embers.

Any holders should ask themselves if it makes sense to hold now. You could sell now (or half now) and in the unlikely event that ENI hits, then you can always buy back in albeit with lower upside. OTOH if you hold and ENI misses then it's burnt toast imv.

[caters] 27/2/2018 10:37

Gambling it all on the hope of a great outcome from Morocco would be crazy. They've done what they've had to do to keep Chariot viable to get to drill a well offshore Namibia.

Now if both Morocco and Namibia drills are each a duster or a non-commercial "success", then Larry's retirement looks probable.

[xxnjr1] 27/2/2018 10:34

Chances of success very slim here, even on the ENI well.

[jotoha2] 27/2/2018 10:32

Now if this management had a serious view of hitting the sweet spot, they would of waited for that to happen and raise cash based on their track record , probably at 50p . But no these tricky boys are trying to ensure they are in their nice jobs whatever happens , very poor indeed.

[caters] 27/2/2018 10:06

Chariot management had been moving along in a nice bubble whilst they hibernated during low oil prices. Bit of 3D here, open a dataroom there, some more cost control, etc...

Unfortunately for management, the nice bubble has popped and the grim reality of a potential duster in Morocco and a lack of a further farm out in Namibia whilst a cheap drillship is there has dawned.

Management has done what it's had to do to give this company a fighting chance of not becoming a zombie....well, not yet anyway.

Fingers crossed for at least one commercial oil find.

[nibble] 27/2/2018 09:15

neo - if Morocco is anything other than a gusher the share price will slide & they would have to ask a lot less than 13p.

By the way FSAwatcher - any relation to Supreme Dalek?

[neo26] 27/2/2018 08:58

Price will not go below 13p but the current price ridiculous, why raise so close to spiffing in Morocco when it is a free carry?

[fsawatcher] 27/2/2018 08:50

that why they do this placin coz they knows that it goin to be dry duster

they got no chance of gettin cash placin done for 2nd well if share price at 5p so they do it nows

that aint confident is its

this be like pvr drill last years innit

it drop from 20p to 6p on duster

MATD got 4 drills this year that make char look like char-grilled steak that got black and hard like leather sole shoes

[jotoha2] 27/2/2018 08:42

28% chance that they will hit the sweet spot , so 10p is looking good short term , if its a duster then back to 5p pretty quick .

[rayrac] 27/2/2018 08:15

I’ll take up the offer if it falls to 13p, but not 12.5p. No costs attached to 13p.

[fsawatcher] 27/2/2018 07:24

solg did placin at 25p

share price woz 20p last week

HUR did placin at 32p and price go to 24p after

coz drill risky and low coz the brokers not goin want to hold these shares

they dump as many as they can like flytippers around back alley innit

watch out for graffitti on walls coz it tell yous wot you dont knows

[dcarn] 26/2/2018 22:56

Aye, she's underway.
Course/Speed: 262 ° / 8 kn.

[stealbulls] 26/2/2018 22:24

Morocco Offshore-
9th March - 22.00 ETA.
Let's hope we can start to rebuild from here!!