Chariot Share Discussion Threads

[jungmana] 08/4/2019 07:05

A no brainer at this price sitting about cash level. Finncap value the new gas acquisition at 20p. That plus cash alone gives 24p about value here. Then you've got good prospective licences in Brazil,Namibia and Morocco on top of that

[newtothisgame3] 06/4/2019 19:55

Chariot Oil & Gas Limited (LON:#CHAR), which gushed 77% higher to 4p after expanding its presence in Morocco with a 75% interest in the Lixus licence

[newtothisgame3] 06/4/2019 19:55

Chariot Oil & Gas Limited (LON:#CHAR), which gushed 77% higher to 4p after expanding its presence in Morocco with a 75% interest in the Lixus licence

[mr hangman] 05/4/2019 15:45

Will be interesting to see the price in a couple of months time, when the rampers
have come & gone, my betting a lot lower

[jungmana] 05/4/2019 15:29

Good day of consolidation. Onwards and upwards next week

[mr hangman] 05/4/2019 14:32

The only exploration companies that buy into "producing projects", are companies
that have failed many times at the drill bit, TRP are a fine example..
No doubt this will keep the management busy for many years, delivering nothing
of substance to shareholders
A hit (by another Ex Company) in Namibia or drilling in Brazil is where
real up lift will be

[squibno1] 05/4/2019 14:19

Char should have bought into a producing project years ago. Would be nice to be hearing of some progress re Brazil farm in as the Data Room has been open for over a year.

[pally12] 05/4/2019 12:38

Great more buying opportunities

[jimarilo] 05/4/2019 12:35

This the February presentation from Seapulse and shows three Namibian wells and no Italian wells since the ban has been enforced



This is the December presentation which had the Italian wells shown but also shows who their partners are going to be (page 6)



Partners listed include M&P, Eco and Char, which I conclude to mean PEL30, 44 and 45 could be their targets for Namibia

Here is the most recent Namibian licence map

[jungmana] 05/4/2019 12:22

Is called consolidation. The trend is up. Long and strong here

[toogood4me] 05/4/2019 11:59

Jung not many buying itPeople taking profit out and putting into bloe as oil discovered and being ranked as we speak ready for sale fella Can see this back to 3p soon

[jungmana] 05/4/2019 10:25

This new gas acquisition is a game changer for char. Yes the wild card drills have not been successful in Morocco and Namibia but this one is a discovered field already.So very low risk profile and is the way to build the company.

[mr hangman] 05/4/2019 10:16

Yes Morocco was the next big thing 5 or 6 years ago, turned into a bit of a
graveyard

[jungmana] 05/4/2019 10:12

A buyer in the background imo. Should see late reported trades

[jungmana] 05/4/2019 09:26

And excellent gas prices $7 to $9. Very profitable. Listen here;https://youtu.be/_thwrZYH52A

[jungmana] 05/4/2019 09:23

I disagree about Morocco. Lots of majors operating there

[mr hangman] 05/4/2019 09:22

Yes the only problem, Morocco is a pile of Junk, i agree with Brazil & the cash pile

[jungmana] 05/4/2019 09:17

Mate. Just watch the rns. I learnt from experience on another Georgia oiler

[toogood4me] 05/4/2019 09:15

Jung They were expecting 325It's 1100 stabilised and production amount yes may be lower but somewhere around 800-900 which is still excellent

[jungmana] 05/4/2019 09:13

Let's see what the production rate is in next rns. Be careful of Georgia oilers. Actually production drops off like a stone.Char is valued right now on cash alone.Good luck with bloe

[jungmana] 05/4/2019 09:04

We have 900bcf of gas on this new acquisition in Morocco . GBP 14m cash and good licences in Brazil, Namibia and Morocco. Market cap right now about GBP 15m.This one is far cheaper today than bloe

[toogood4me] 05/4/2019 09:00

Jung thing is whilst that is ongoing Bloe do have oil which from 1 well has made them profit with still another well to go and then 600 bcf of gas.Way better at this time

[jungmana] 05/4/2019 08:59

read this Toogood. this is a huge gas asset acquired;

MALCYS BLOG;

Chariot Oil & Gas

A most interesting move by Chariot this morning as it announces that it has been awarded the Lixus licence offshore Morocco. Lixus brings a gas discovery, Anchois-1 with 307 bcf of contingent resources in gas sand A and gas sand B whilst gas sand C in the deeper potential adds another 116 bcf making 423 bcf in the vicinity. Anchois and its other satellites are an amplitude-supported discovery and prospect inventory with remaining recoverable resources of >900 Bcf whilst the eastern area prospects add around 800 bcf.

So, phase 1 with four production wells gives production from the original 307 bcf at 70 mmscf/d over ten years and adding the extra 116 bcf to make 423 bcf would take production to 90 mmscf/d. Phase 2 adds another 674 bcf and 90 mmscf/d for twenty years. This makes this project highly appealing and potentially very profitable.

The only commitments at this stage are a seismic campaign at a cost of <$1m which would lead to an Anchois-2 appraisal well, currently scheduled for 2H 2020. With such a high percentage of the licence, (75%) it is clear that Chariot will seek to find ‘strategic partnerships’ for funding of the longer term process but this should be a good deal easier than in previous high risk wells. With a very strong gas market in Morocco with high prices and a supportive Government to cut down on fossil fuel imports, the potential pool of investors is substantial and brings in many new institutions.

With both these thoughts in mind, Chariot have Netherland Sewell completing an up-to-date CPR and will have a gas market analysis within 3 months. Overall this looks good to me, Lixus brings what should be a marketable discovery with lots of potential upside, more importantly it changes Chariot’s risk profile which needed doing. The company will continue with other parts of the portfolio but this brings a bit lower risk and more balance, maybe the right thing to be doing right now.

[andonis] 05/4/2019 08:55

CHEST: LSE did not do well yet.

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