Chariot Share Discussion Threads

[s0lis] 05/3/2018 11:49

Not being an oilman, I have searched for the meaning of COS without result.

Could someone be so good as to tell me what the letters stand for.

Thanks

[xxnjr1] 05/3/2018 00:26

Agree with that stealbulls. If I use Sea-Distances.org website inputting Tunisia (Bizerte) to Morocco (Mohammedia) @ 7.5knots - result is 5 days 3 hrs to ETA.

[stealbulls] 04/3/2018 23:14

xxnjr1 - Just been running back through my calculations - if we can average around 7.5Kn (about 13.5KPH )for the rest of the journey we are looking good to be at RD on the 9th as scheduled.

[xxnjr1] 04/3/2018 22:05

COS of 29%.....?

Nonsense. It's a basin opening well in a frontier location. 5% is probably nearer the mark.

[nina65] 04/3/2018 20:34

Another 5-6 days max I've sailed from Sardinia to Tenerife ...

[neo26] 04/3/2018 20:24

fsa what drugs you on?

you are making predictions on both well being a duster, but what if both wells are gushers where will the share price be? :-)

[alexios1201] 04/3/2018 20:16

Stealbulls 4968,Saipem12k arrivalYou could be right hereConsidering rig doing 200km/dayRig is ~1500km away from RabatSo 7.5days travelArriving next Sunday 11Mar1week max to spud???

[neo26] 04/3/2018 20:15

Cater you said the Morocco has higher COS than Namibia.

Whats the COS for Morocco?

Namibia has COS of 29%, i believe that to be very very good for wild cat drill.

Whats the full drilling cost for Morocco?

[xxnjr1] 04/3/2018 19:41

Ok, what about the Vos Prime, which is a few miles in front of S12000 and due in MA PTM 56 hrs before S12000 arrives "offshore"? Time to load up in port then rendezvous with rig at spud location. Lets see what happens.

[stealbulls] 04/3/2018 18:13

Thanks - they're all on the same course, in a line, travelling between (283 - 303 degrees). Saipem in front - Prudence about 80Km behind and the Purpose a further 120Km back - they've been catching up the Saipem (moving a bit quicker)over the last few days.

Obviously there is only one way to leave the Med - was just thinking/assuming the supply vessels would service the Saipem when it reached RD from the more local port of Casablanca.

As you say though - not necessarily - and perhaps best not to second guess and just wait patiently, we are still well within schedule however it plays out!

[xxnjr1] 04/3/2018 17:16

Not necessarily. Another scenario could be 12000 goes direct to drill site. And the 2 Vos's drop into Tanger Med to pick up supplies and then rendezvous with S12000 at spud location. Are the vessels proceeding as a flotilla, or have the V's pulled ahead?

[stealbulls] 04/3/2018 14:20

Just looking at the progress of the Saipem 12000. - Is the current destination actually off the North coast of Morocco rather than the West coast (Rabat Deep). From our progress from Cyprus at around 200Km per day. And looking at the 2 support vessels Vos Prudence (Dest. MA.PTM / Mar 8th - 12.00) and Vos Purpose (Dest. Tanger Med / Mar 8th 09.00), this seems to indicate we maybe briefly holding up just outside the Tanger Port (30km East of Tangier).

So actual arrival at Rabat Deep possibly - 13th/14th - what does any other sensible posters think? - Of course I maybe completely wrong!

[xxnjr1] 02/3/2018 15:22

This stuff about Namibia and the conjugate margin of Brazil is widely misunderstood IMO. Of course it's correct in a general sense - there are common source rocks up and down the South Atlantic as it was all part of the same breaking apart event. Fair enough.

But it's a bit of a stretch to suggest Namibia has much in common with Brazil "where world-scale oil and gas discoveries have been made in recent years" which presumably is a reference to pre-salt discoveries in the Santos Basin.

The conjugate margin of Santos/Brazil is the Kwanza Basin in Angola AFAIK, and the conjugate margin of anything south of the Walvis Ridge in Namibia is the Pelotas Basin in Argentina. A few wells have been drilled in Pelotas Offshore - but nothing commercial IIRC. (DYOR)

Various companies have acreage in Pelotas offshore but there's not much happening. Expect activity to pick up if anyone has success in Namibia!

[tunnelking] 02/3/2018 11:41

FSA , this is. holding its own at 15p quite nicely ,shows the market believes the placing was below value imo.Regarding the sellers, there are a lot of current holders still selling off a percentage of their shares at 15p to take up the offer of 1:8 post EGM.All sells are being hoovered up so good sign again imo.COS is 5% you fink haha ,....comedian thats what I fink!

[jimarilo] 02/3/2018 08:24

FSA, you obviously didn't read the link above, but you didn't need to as you already know what you spouted was rubbish. There are plenty of majors and mid caps in Namibia, which is on the increase currently

New offshore activity in Namibia

In October 2017, France’s Total agreed to acquire 70% of privately owned Impact Oil & Gas’ interests in block 2913B offshore Namibia.

In a press release, Impact, which was recently recognised in the London Stock Exchange Group’s inaugural ‘Companies to Inspire Africa’ report, said the news is further success for its strategy to secure major oil companies to the project, including Total, ExxonMobil, CNOOC and Statoil as partners.

[fsawatcher] 02/3/2018 07:37

namibia got nuffin

everyones knows it

no majors farmin in to nambia

serica had bp walk away coz it jus poor region gelogically

morroco aint much better

char licences all wildcat in unchartrerd waters coz they cheap innit

cos very low and lower than company say

cos near 5% i fink

heavy seller yesterday if come out today it be sellin down

[caters] 02/3/2018 00:16

Well, fingers crossed.

I have some ECO so they have an interest Namibia. (I'm in ECO for Guyana).

[jimarilo] 01/3/2018 21:20

"My point is that the drilling in 2018 and early 2019 (?) is make or break for Namibia."

caters, the belief is that Namibia's petroleum system is similar to Brazil's, that why the big boys are convinced Namibia is worth while

"Offshore Namibia is of particular interest to investors because it is part of the plate tectonic “conjugate” of offshore Brazil, where world-scale oil and gas discoveries have been made in recent years. The area also lies on the West African continental margin adjacent to Angola, where many major oil discoveries have been made."



They drilled 35 wells before we had an north sea discovery

[fsawatcher] 01/3/2018 14:56

nuther 100k dumped

someone ditchin this like a toffee apple with maggots inside that you can't see until you crunch through hard toffee

[fsawatcher] 01/3/2018 14:29

it bad sign coz there be lotta stock to sell out theres and they bein very sinisturs with the techniqe

[fsawatcher] 01/3/2018 14:23

someone jus sold 500k in small bite sizes like a lionbar that been sat on innit

[caters] 01/3/2018 13:01

Tullow's well is one of the two wells I refer to. Other wells by other operators fall within this campaign as I believe there will only be one drillship there during 2018.

My point is that the drilling in 2018 and early 2019 (?) is make or break for Namibia.

[tunnelking] 01/3/2018 12:51

Or maybe even from here ?

[tunnelking] 01/3/2018 12:50

Things looking up today and maybe this has bottomed ,possibly get an upward positive trend from her.

[vikingwarrier] 01/3/2018 09:45

You're forgetting tiullow and others drilling there. If successful we are massively derisked