Chariot Share Discussion Threads

[ohisay] 29/9/2018 07:28

Finncap comment ...

The rig drilling Chariot’s Prospect S in Namibia is expected to arrive on location tomorrow and spud shortly after. This well is targeting a 459mmbbl prospect and is expected to take 40 days to drill.
Success would be truly transformational for Chariot – we carry a risked NPV for this well of 24p/sh (180p/sh unrisked).
This is the second Namibian well in succession for this rig, following on from Tullow’s dry well at Cormorant-1, located 170km north of Prospect S, which has younger and shallower target reservoirs and is a structural trap rather than stratigraphic.
Cormorant was drilled in half the expected time, so an early result is possible. Farm-out discussions are ongoing and can continue up until the well reaches its primary target.

With so much upside it would be rude not to have an interest here and I have.

[gunsofmarscapone] 29/9/2018 02:20

In spite of ratting on re risk aversion on Logp board (going v well) have taken two small tranches here. Very small.

A wildcat but 40+ bagger on strike relative to todays mcap, imo, dyor etc etc.

[vikingwarrier] 28/9/2018 14:57

So far all failures below 29%

[mr hangman] 28/9/2018 12:54

I know which one my monies on

[pro_s2009] 28/9/2018 12:45

Big wells this year :

RD-1 25% CoS - FAIL
Anapai-1 25% CoS - FAIL
Cormorant-1 15% CoS - FAIL

2018 needs a big discovery.

Only really left with for 2018 completion (as Lyon and Rowallan delayed)

Prospect S CHAR
Wild Horse MATD
Apetina KOSMOS

[vikingwarrier] 28/9/2018 12:26

29%cos is excellent

[cashandcard] 28/9/2018 11:35

Well, for starters, all those drills which are almost appraisals because of previous discoveries, are better plays imo.

This is red or black.


Cash

[neo26] 28/9/2018 11:31

This has cos of 29% which is extremely high for wildcat drill.

[mr hangman] 28/9/2018 11:09

It's all about risk/reward, show me a better play...

[bigsi2] 28/9/2018 10:55

Sp would drop on failure of course but at these levels with the cash pre drill completely underwriting the sp-There will still be cash left and still plenty of other prospects you would have to say the possible downside compared to the potential upside on a stroke here represents a considerable disparity. IMO the price will most likely drift up to low to mid teens over the next 40days.

[tunnelking] 28/9/2018 10:49

Ok ,not sure that really matters anymore as in approx 4 weeks time the share price will either tank or rocket.my guess is share price will remain these levels until that time .

[mr hangman] 28/9/2018 09:51

Let's not forget even if Namibia is a duster, we still have Brazil...WOW

[daar] 28/9/2018 09:47

Still reckon it will settle above 10p during drill

[daar] 28/9/2018 09:47

Upside on success is humongous here

[neo26] 28/9/2018 09:39

How deep are they drilling?

[mr hangman] 28/9/2018 09:16

Best punt in the market

[tunnelking] 28/9/2018 08:40

I doubt that very much daar,what does it matter now anyway we are all here for the drill and the chance of a strike .if that happens then happy days

[daar] 28/9/2018 08:33

10p will be hit soon

[wisteria2] 28/9/2018 07:10

- Ocean Rig Poseidon drillship has commenced its mobilisation with estimated arrival at the Prospect S well location in Namibia in the next 24 hours.
-- Prospect S well is anticipated to spud shortly after its arrival.

-- Operations are expected to take approximately 40 days and further announcements will be made as appropriate.

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, is pleased to announce that the Ocean Rig Poseidon, a sixth generation deepwater drillship, has commenced its mobilisation with estimated arrival at the Prospect S well location in Namibia in the next 24 hours.

Chariot, the operator of the Central Blocks licence offshore Namibia (Chariot 65%, Azinam 20%, NAMCOR 10% and Ignitus 5%) anticipates that spud will occur shortly after its arrival and that operations will take approximately 40 days

[jimarilo] 27/9/2018 22:02

The Poseidon has moved from the C1 location, the ship is moving under the disguise of Tugs and Special Craft

[stephen2010] 27/9/2018 21:27

Cut your losses. And pile it into UKOG. multibagger before christas. This will be sub 3p on on news of another duster

[stephen2010] 27/9/2018 21:27

Cut your losses. And pile it into UKOG. multibagger before christmas. This will be sub 3p on news of another duster

[neo26] 27/9/2018 16:26

It only cost tullow 5m for 35% share.