Chariot Share Discussion Threads

[jimarilo] 27/9/2018 15:34

Much going on in the background obviously

My take is there may have been deals before the C1 result, but I think an early result caught everyone out, but have given players more data to analyse

Even AEC said the well was a technical success, there was evidence of oil, which has migrated, question is where ?

One thing is for sure the Poseidon will be underway very soon from the C1 and news will follow

[tunnelking] 27/9/2018 13:57

So if it come back a dud J ,where do you your think the share price will be ,lower or higher than 3p? Looks like a farm in on this drill is dead in the water ,how can that be on a the biggest drill of the year with a cos of 29,% .something doesnt quite stack up,as we can't now break and hold 8p for more than a day ?

[bigsi2] 27/9/2018 09:58

For your sake I hope your joking!It made me laugh anyhow

[stephen2010] 27/9/2018 09:46

For all you long suffering holders here. Get some UKOG and cut your losses. Extended flow test about to start anyday now on the Kimerage zones which flowed at over 1300 bopd agregate in 2016 on the short term flow test. Also official declaration of commerciality to be announced anyday, on the recently sucessful flow test of the portland zone, on their Horse Hill descovery well.
About to re-rate so be quick. Fully funded into 2019. Huge huge upside! DYOY :)

[jimarilo] 27/9/2018 01:09

Even if the Chariot's Prospect S comes back as another dud, a flurry of offshore asset deals support by improving oil prices, will likely see in a new wave of frontier drilling by deeper-pocketed oil majors further down the road.

[neo26] 26/9/2018 12:19

ProThere is uncertainty whether they will drill.

[bigsi2] 26/9/2018 11:01

The word pedantic comes to mind

[mr hangman] 26/9/2018 10:38

Outer Mongolia, Do me a favour

[pro_s2009] 26/9/2018 10:32

Not the biggest drill on AIM in real terms.

65% of 500 MMBO is only 325 MMBO to CHAR

MATD are drilling Wild Horse-1, 480 MMBO and its 100% owned....... so in terms of the biggest drill for net potential barrels to a single AIM company, Petro Matad and Wild Horse-1 is bigger.

RKH I was holding at 37p when Sea Lion struck.......did not go to 500p in weeks, took longer than that......


BigSi2
26 Sep '18 - 09:00 - 5552 of 5556
Are we nearing the swing here?
The biggest drill on AIM in the next 3months. CHAR haven’t exactly had all the luck with drills in recent yrs but targeting 500mblls you can’t help but think ... maybe this time
Same potential as Seal Lion field in Falklands- look what that did for RKH
37p- £5 in a matter of weeks

[vikingwarrier] 26/9/2018 10:15

Question is though what value an oil strike?

[mr hangman] 26/9/2018 09:50

This could be the biggest story on AIM this year, it's a shame most poseters will
miss out because they are wasting their time on things like UKOG/GBP etc etc..

[bigsi2] 26/9/2018 09:16

Yes - although I sold about three days before they struck- :)

[mr hangman] 26/9/2018 09:04

Yes & some of us where there for that, Happy times

[bigsi2] 26/9/2018 09:00

Are we nearing the swing here?The biggest drill on AIM in the next 3months. CHAR haven't exactly had all the luck with drills in recent yrs but targeting 500mblls you can't help but think ... maybe this time Same potential as Seal Lion field in Falklands- look what that did for RKH37p- £5 in a matter of weeks

[daar] 25/9/2018 17:51

$28m cash, £30m Mcap with no debt and drill can be funded by #CHAR themselves. It will cost about $15m to to #CHAR for the 65% share. What's not to like? Strong buy

[neo26] 25/9/2018 13:53

literally Char has to pay 65% of drill and 65% of the 5% carried interest of Ignitus Oil & Gas (PTY).

Char have enough money then?

[bigsi2] 25/9/2018 13:22

500mblls? 60-80p at a guess £250m MCap not unreasonable

[vikingwarrier] 25/9/2018 12:32

What value our shares if we find oil

[mr hangman] 25/9/2018 12:21

Afternoon BB, hope all is well ? i remember the old advert, you can be sure of
ShellShellShell

[theblackbaron] 25/9/2018 12:08

they have the loot thickos before additional farm in on there portfolio and i believe farm in matter of weeks now on prospect S but if not other assets farming out no more loot needed free run UP

[neo26] 25/9/2018 11:23

Thanks, i do recall char prospect had a decent cos for a wild cat.Do char have to carry its current partners on the drill?

[vikingwarrier] 25/9/2018 11:00

I think they were looking at $20-25m

[neo26] 25/9/2018 10:32

JimariloHow much do they need to drill the well in namibia, they have $28m..Cant they go it alone?

[jimarilo] 25/9/2018 08:44

Here is the take of AEC CEO Garrett Soden on C1 last night in Stockholm. This is translated from Swedish

1. Although the market sees the drilling of PEL 137 as a dry drill, they were very satisfied with all the data they received and they regarded it as a technical success when combined with other drillings in the area, they will have much more precision in next drilling in this area and then in the largest source. It seemed like they had already decided to carry out a drilling on the condition that any of the other drilling in the area provides a good match.