Chariot Share Discussion Threads

[andonis] 11/3/2018 18:21

Hi Chestnuts,
I like Seneca and it looks great chart wise. At worst it may drop to 52p at which point it would be a crazy BUY!!!
So. Interesting times.

[alexios1201] 11/3/2018 11:27

Copy paste from iii:Morocco has already been producing light oil from Jurassic carbonates onshore, same kind of reservoirs we have as our primary target, RD-1 with 768mmbbls and Multi Billion Barrels upside potential. Proven source rocks, modelled mature kitchens and nearby onshore legacy light oil fields support hydrocarbon source presence and effectiveness. On-trend wells in Jurassic carbonate Reservoirs show net reservoir ranging up to 110m with average porosities between 12% - 17%.

[andonis] 11/3/2018 11:03

This one?

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[andonis] 11/3/2018 11:02

What is the GKP handle

[chestnuts] 11/3/2018 10:08

andonis

Just divide by 100 they had a share consolidation

[andonis] 11/3/2018 10:06

Chestnuts, I dont get the GKP chart for some reason the same as yours Well done on Seneca

[neo26] 11/3/2018 00:03

Dont know about offshore but the northern section of Morocco does have hydrocarbon, most notable sou and sdx have gas up there...

[alexios1201] 10/3/2018 12:03

Eni is the perfect Partner and Operator to drill RD-1Serica had oil shows when they drilled the well in their Morocco Block few years agoWondered if JP-1 the same target?

[xxnjr1] 10/3/2018 11:21

Unless they have mud losses in the carbonate section - at least ENI have experience of drilling carbonates, which is a positive.

[alexios1201] 10/3/2018 09:14

~2000m to drill to JP-1This shouldn't take longer than 30-35days

[alexios1201] 10/3/2018 09:11

Worth a note that there is a secondary target at ~2600m

[alexios1201] 10/3/2018 09:10

Rig at locationDrilling ops beganThere is/was unnamed tug at the rig possibly loading up the drillpipe etcMonday rnsGame onPrimary Target JP-1 at around 3000m ~end of April

[stealbulls] 09/3/2018 23:14

I believe the S12000 is sitting at around 1125m from the seabed (around 2.5 times the height of the 'Empire States Building') - the most time consuming exercise next will be to put together the 'Conductor Piping' which will carry the drill bit to the seabed/spud. The conductor piping is probably around 760mm in diameter and each length is around 12m long. So around 100 pieces to connect together, at 2 an hour max I can imagine.

The S12000 (6th Generation), saw a 100% increase in propulsion to the earlier S10000 (5th Generation, drillship) - the main reason was the 20,000T pay load capacity for deep sea drilling - I know we left Cyprus in a hurry and unsure if we are carrying the 'conductor piping' or what quantity! - perhaps the Vos, PSV's, (Platform Service Vessels) will be shifting inventory over the next few days!.

[xxnjr1] 09/3/2018 21:21

Nothing much will happen until V Purpose (ETA 09:00) and V Prudence (ETA 14:00) arrive on the scene tomorrow. V Prime docked in Tanger Med earlier today, but is now anchored just outside the port. No position - just an observer for now.

[stealbulls] 09/3/2018 18:51

Me thinks we're there!

[jotoha2] 09/3/2018 15:47

Neo , and one more time 5p on duster , I give them a 20% chance of hitting the sweet stuff , their track record speaks for itself , you keep on buying , happy to take your money .

[andonis] 09/3/2018 09:46

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[stealbulls] 08/3/2018 20:16

Saipem 12000 Drill Ship - making great progress today, currently about to clear the Straits of Gibraltar and head SSW to RD, I think we are about 3-4 hours ahead of schedule.

What next - S12000 has Dynamic Positioning (DP2), on arrival no need for 8 anchors to bolt it to the seabed - The computerised positioning fixes an exact location and operates holding that point with motors, side thrusters and adjusting to any wind change.

A remote submersible will be sent down to the seabed, looking at any environmental issues and looking for an exact point to spud.

An environmental sign-off, an health & safety sign off and we are ready to spud once all the other prelims are in place. Should be a walk through as Moroccan State Oil are 25% in on this license.

Points - unsure if this well is a 'tight hole' - any news flow being called first by the Moroccan State Government.

On Sunday, there looks to be a 6.5 meter swell out there - could make it challenging, a breeze for these oil guys though. Best guess Tuesday/Wednesday spud - Rns, the following day.

GLA. Steal..

Ottimo lavoro e buona fortuna ENI - (Great Job and good luck, ENI !!!).

[s0lis] 08/3/2018 14:52

EGM voting on Memoranum and Articles

Has anyone seen the papers for the Extraordinary General Meeting. I have seen the paper published but this contains no details of any change to the Memorandum and Articles which my broker is asking me to vote on.

[mr hangman] 08/3/2018 14:22

One drill in 8 years, and that was a duster, wonder who the Directors are working for

[neo26] 08/3/2018 14:17

Not really, i think they are playing it safe.They now have funds ready for Namibia..With all oil and gas exploration its not certain you will find the black stuff, good safe plan..

[mr hangman] 08/3/2018 12:55

does anyone find it strange, that the company had the placing/OO before the drill ?
Not a sign of confidence

[neo26] 08/3/2018 12:20

jotoha2

shows how stupid you are for saying a company to have various assets you think they will trade with mkt cap of 19m, they have over £25m. You expecting they will trade under cash when they will be involved with around 2-4 wells being drilled in various licenses..

You embarrassing yourself.

[jotoha2] 08/3/2018 10:34

5p on duster that is the reality .

[neo26] 08/3/2018 01:00

NinaI bet the placing is oversubscribed and whatever shortfalls from pi's the institutions will take them.Larry tried to do the right thing by offering pi's discounted share price