Chariot Share Discussion Threads

[edgein] 07/9/2021 07:37

Yeah fellas good to see the rig contract signed and drilling planned for December, not long in the grand scheme of things. Also drill time just 40 days. Fingers crossed hopefully CHAR's first commercial offshore well.

Regards,
Ed.

[mynameiskhan] 07/9/2021 07:26

Here it goes the RNS.Rig contract signed & drill to start in December. Excellent news

[jungmana] 07/9/2021 07:26

Good news this morning. Bring it on adv in November and char in December.

[stealbulls] 06/9/2021 14:10

I’m thinking this looks like Chariot’, going with a Semi-Sub, rig available Nov/Dec (POSCO took a second drill option - location Burma ). Anchois-1, Spud looking at Feb 2022 - perhaps 45 days, at 145k per day, so coming in at around 6.5mUS$ plus costs to discovery.

Transocean supplied the rig for Chariot’s last 2018 campaign.

Link info below is courtesy of Offshore Energy quarterly report.

POSCO has exercised two one-well options for the semi-submersible rig Deepwater Nautilus. As a result, instead of ending in August 2021, this contract is now set to end in November 2021 with a day rate of $135,000.
The Transocean-owned semi-sub has also won a one-well contract with an undisclosed operator from February until March 2022 with a day rate of $145,000.

Steal.

[chestnuts] 06/9/2021 12:42

The recoinage act took place on the 17th Jan 1696 this was organised by Sir Isac Newton and put the milled edges on coins which stopped people from clipping
The last time Britain was on a gold cycle was 21st of Sept 1931 1931.722

A total of 235.6 yrs turn this into days = 86052

my cycle date is 2023.55 the last part is 2355

Bretton wood 1944.55 minus 1931.722 = 12.828

if we divide this by .1398 = 91.750 ( 1398 + 8602 = 100)

91.750 + 1931.722 = 2023.48

1934.077 USA revalues gold minus 1931.722 (21st of Sept) Britain comes off gold standard = 860 days or 2.355 yrs This is where Britain lost the reserve currency and the USA dollar became reserve currency Roosevelt played a blinder

The USA came off the gold standard for 239 days (or .654) from 5th of June 1933 to revaluing gold 30th Jan 1934

The USA came off a gold standard from 1971.62 to my date 2023.55 = 51.92
51.92 + .654 = 52.574

1792.25 divided by 52.574 = 34.089 we have mentioned this number many times.

Maybe the world reserve currency will be SDRs rather then one currency or we will just end up in the same mess probably backed by gold and even silver

SDRs were founded on the 1st of Jan 1969

If x .2355 of 231.3 = 54.77 its a few days out

[888icb] 03/9/2021 16:01

Currently Up 5.7% on volume of 1.2 million.

[smackeraim] 03/9/2021 12:16

say it again. went blue after you did

[brazilnut1] 03/9/2021 09:24

Ye but in 2 years time ? Man is a fool.

[888icb] 02/9/2021 00:43

It closed Up 5.2% on volume of 1.8 million. Not a bad day so let’s see what happens today. But as the man said and the history of CHAR shows, when she goes ,she often goes quickly.

[brazilnut1] 01/9/2021 22:38

Ye stirring but ended like the usual wet fart.

[888icb] 01/9/2021 13:01

Up 3.9% on volume of 1.2 million. I like this comment on another bb:
She’s stirringToday 11:37
Watch closely, when she does go, she often goes quickly…

[mariopeter] 31/8/2021 14:20

Added here.

[jungmana] 31/8/2021 12:09

This is one of the best picks in the energy sector for the medium to long term. News on Q4 drilling due any day now.Currently holding here, i3e, panr , adv and matd.

[mariopeter] 31/8/2021 12:02

Added here. Morocco really needs the gas but I will not be hanging round for all that stuff..... I hope! Last time I was an owner of CHAR shares they were over £2. Glad I did not fall in love with it!

Euro gas price rocketing something my other holding in KIST is benefiting from but it is drilling a 3/4 well program currently for expansion.

[888icb] 30/8/2021 23:28

Classic scenario… a deramping troll posting garbage before the start of the weeks trading. Filter button recommended.

[hsfinch] 30/8/2021 15:19

Classic scenario...minnow with high cost project opportunity...gas...deepwater...hundreds of millions of dollars. Who's gonna farm in? Even if there's interest ain't nobody gonna pay a premium. Its gonna be like...ok, well have 65% for nowt and we'll carry you to first gas. That'll leave Chariot with 10% or so. Then they'll gave to pay back their share of development cost out of revenue so no divis for years to come. There's so many oilies out there like this. They've had their day. Now they're just vehicles for getting mugs to pay inflated salaries to staff for as long as the latter can string it out. Avoid like the old COVID.

[888icb] 18/8/2021 15:52

Sp showing as 6.30 which is below the bid price. The volume is 865000 with buys exceeding sells 3/1 but apparently it’s not moving up.

[jungmana] 18/8/2021 09:11

Bought in here 2 weeks back about this price. In for the appraisal drill later this year.

[nibble] 13/8/2021 16:47

Nice try ashkv
However, if I had a pound for every CEO who told me about a potentially transformation well....(you know the rest).
Anyway, whilst I won't be investing in SDX, I won't begrudge any success you have with that one. Good luck!

[brazilnut1] 13/8/2021 16:06

Another week of nothing. Where is the x 10 ? Frauds.

[ashkv] 13/8/2021 12:04

SDX Bloomberg Sell Side Analyst 12m Average Target Price 40p- As of 11 Aug 2021

Stifel: Analyst -> Chris Wheaton, - Recommendation -> Buy. Target Price -> 50p. Updated -> 5 August 2021
Auctus Advisors: Analyst -> Stephane Foucaud, - Recommendation -> Not Provided. Target Price -> 35p. Updated -> 16 July 2021
Peel Hunt: Analyst -> Matt Cooper, - Recommendation -> Buy. Target Price -> 35p. Updated -> 5 July 2021

[ashkv] 13/8/2021 12:04

Anyone looking at another Morocco player - SDX? Reasons as tp why it is undervalued?? - I am long term holder and surprised that it is so unloved given ongoing transformational drill in another geography it operates in Egypt!! (In addition to Morocco)

Where are the risk takers? This share is really unloved - SDX need to change their broker ASAP - present broker is a huge flop!!!

5 August 2021

SDX ENERGY PLC ("SDX", the "Company" or the "Group")

SPUDDING OF HA-1X WELL AT SOUTH DISOUQ

SDX Energy Plc (AIM: SDX), the MENA-focused energy company, is pleased to announce the spudding of the Hanut-1 exploration well ("HA-1X"), the second well in the Company's 2021 two-well drilling campaign in South Disouq following the successful IY-2 well announced in July.

The HA-1X exploration well on the Hanut prospect spudded on 4 August. HA-1X is targeting a Basal Kafr El Sheikh prospect at approximately 5,200 feet TVDSS. The Hanut prospect is estimated to contain gross unrisked mean recoverable volume of 139bcf (23.2 million boe) with a 33% chance of success. SDX has a 55% working interest in the well and the Company's audited working interest 2P reserves as at 31 December 2020 equated to 11.1 million boe. The well is expected to take approximately one month to drill, and the Company will update the market on completion of drilling (and if successful, testing) operations.

Mark Reid, CEO of SDX, commented:

"After our previous successful campaigns at South Disouq where we have achieved six discoveries from eight wells drilled, most recently at IY-2, I am excited to announce the spudding of the potentially transformational HA-1X exploration well on our Hanut prospect. With gross unrisked mean prospective resources of 139bcf (23.2 million boe) it is significantly larger than previous prospects and has the potential to materially increase the reserves of the Company if successful. We look forward to updating the market further as the well progresses."
ashkv