Chariot Share Discussion Threads

[jungmana] 11/4/2019 11:22

nice and quiet is the best time for top up. short term target remains at 8p.

[jungmana] 10/4/2019 07:52

2018 and Post Period Highlights

Creating a Balanced Portfolio and Sustainable Business:

New Venture, Lixus licence, containing Anchois-1 discovery, secured in Morocco

-- Anchois-1 well gas discovery - 307 Bcf of 2C contingent resources offering near-term development opportunity

-- Deeper potential not penetrated by the Anchois-1 well of 116 Bcf 2U prospective resource has also been identified

-- Material tie-back opportunities from low risk, exploration prospects offer an attractive upside of 527 Bcf of 2U prospective resources in satellite prospects adjacent to the Anchois discovery

-- Additional on-block exploration running room in licence
-- World-class commercial contract terms with high gas prices in a developing market with growing energy demand offers a potentially high-value project

-- Minimal initial licence commitment funded from current cash
-- Future development anticipated to deliver strong returns and significant cash flow
Operational Flexibility achieved through Capital Discipline:

-- Debt free with a cash balance of US$19.8 million as at 31 December 2018
-- Fully funded for current work commitments - less than US$1.0 million
-- Annual cash overhead remains below US$5.0 million

[jungmana] 10/4/2019 07:31

Good results there. New lixus licence is a brilliant acquisition and company maker. Onwards and upwards

[vikingwarrier] 10/4/2019 07:11

All looks good. Onwards and upwards 8p next

[mr hangman] 09/4/2019 16:31

malcy from 21mins in in case anyone missed it.
Bring on 5p+ today. lol
If our Simon says nowt, 3.50-75p tomorrow

[jungmana] 09/4/2019 13:55

Sitting just 10% above cash level with all these valuable projects.Amazingly cheap today imho

[jungmana] 09/4/2019 11:03

Is red on almost all the oil stocks on my watch list

[pally12] 09/4/2019 10:04

Looks like it settled here for awhile

[jungmana] 09/4/2019 09:47

I agree Neo. Consolidation on right now on the way to 8p+ short term imo.Right now we are just about 10% above cash value.

[mr hangman] 09/4/2019 09:37

Looks like its running out of steam, awaiting Simon Thompson's comment

[neo26] 09/4/2019 09:35

JungmanaI think this will steadily rise, consolidation is occurring.Market at present put nothing on lixus...

[jungmana] 09/4/2019 07:59

Malcy from 21mins in in case anyone missed it.Bring on 5p+ today.

[jungmana] 09/4/2019 07:58

https://audioboom.com/posts/7226886-sdx-energy-block-commodities-and-malcy-on-o-g

[neo26] 08/4/2019 16:42

Malky was saying between 80/90mmcfd can be produced, looking at the lower range

80000*365*10= 292m revenue.

Its low cost.

Char has other licenses and have cash so the mkt cap of 16m is cheap.

[toogood4me] 08/4/2019 16:41

Could there be a disappointment rns on the wayWho knows

[jungmana] 08/4/2019 16:40

Fantastic close. 5p looks likely tomorrow

[jungmana] 08/4/2019 15:43

400bcf that has potential to grow to 1tcf. That's a lot of value there at $10

[jungmana] 08/4/2019 15:40

20p value for the New gas project, plus 3.8p cash and huge licences in Brazil, Namibia and Morocco .Farm out of Brazil licences due any time too

[neo26] 08/4/2019 15:33

i think char pulled a cracking deal, the state own company is one of the best to deal with, just ask sdx.

this was over 8p before the disappointing results from another asset last year, 8p a share by the end of week i say..

imho

[jungmana] 08/4/2019 15:22

I agree there. This is extremely cheap today. Finncap value the new gas acquisition at 20p. And a lot more upside to come on that

[neo26] 08/4/2019 15:20

Bloe have 607bcf of 2c contingent resource, that npv is $1.2bn, selling price of $5 per mcf.Now check how much gas char has with asset and with $10 per mcf, npv will be massive

[neo26] 08/4/2019 15:14

Sdx sell 5.6mmcfd of gas in morocco and receive $20m in revenue from only 5.6mmcfd..Market will wake up to this...

[neo26] 08/4/2019 15:13

Pulled this deal out of the hat.Low cost development opportunity, feasilbility commenced.18m in bank as of dec18.Mkt cap currently cheap..

[jungmana] 08/4/2019 15:10

And $19m cash as of end of December . That's about 3.8p value in cash

[jungmana] 08/4/2019 15:03

Malcy talking about Chars new Moroccan acquisition. Starts from 21mins