Chariot Share Price (CHAR)

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Share Name Share Symbol Market Type Share ISIN Share Description
Chariot Limited LSE:CHAR London Ordinary Share GG00B2R9PM06 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.12 2.15% 5.70 1,165,293 16:35:20
Bid Price Offer Price High Price Low Price Open Price
5.70 5.86 5.84 5.60 5.72
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -51.65 -13.90 23
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:20 UT 241 5.70 GBX
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Royal Dutch Shell (RDSA), Bp (BP.), Spitfire Oil (SRO), Nautilus Marine Services (NAUT)

Chariot (CHAR) Latest News

Chariot News

Date Time Source Headline
19/7/202112:04UKREGChariot Limited Payment of Underwriting Fee & Total Voting Rights
06/7/202116:36UKREGChariot Limited Price Monitoring Extension
01/7/202107:00UKREGChariot Limited Appointment of Drilling Manager
30/6/202118:08UKREGChariot Limited Holding(s) in Company
30/6/202115:06UKREGChariot Limited Directors' Dealings
30/6/202107:00UKREGChariot Limited Posting of Annual Report and Notice of AGM
25/6/202112:00UKREGChariot Limited Issue of Shares and Total Voting Rights
25/6/202111:43ALNCChariot loss widens after Namibia and Brazil asset impairments
25/6/202107:00UKREGChariot Limited 2020 Final Results
24/6/202112:00UKREGChariot Limited Issue of Shares and Total Voting Rights
More Chariot News
Chariot Investors    Chariot Takeover Rumours

Chariot (CHAR) Discussions and Chat

Chariot Forums and Chat

Date Time Title Posts
22/7/202113:14Chariot Oil & Gas - Moderated6,572
01/7/202112:29NEW * Chariot Oil and Gas - A balanced portfolio with Giant Potential109
23/6/202112:11Charts available on ADVFN15
20/6/202110:39CHARTS9,890
07/11/201716:29How long till the drill date-

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DateSubject
25/7/2021
09:20		Chariot Daily Update: Chariot Limited is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CHAR. The last closing price for Chariot was 5.58p.
Chariot Limited has a 4 week average price of 5.02p and a 12 week average price of 5p.
The 1 year high share price is 14p while the 1 year low share price is currently 1.56p.
There are currently 397,564,872 shares in issue and the average daily traded volume is 1,659,460 shares. The market capitalisation of Chariot Limited is £22,661,197.70.
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10/6/2021
10:10		edgein: HsFinch, Why is the data room getting significant attraction then if your views were any where close to accurate? Simply CHAR are targeting one of the potential largest gas targets in Moroccan territory with the target being 1Tcf+ on the Anchois appraisal well. Not only targeting the sands with 55m of net pay from the expo well but also deeper sands with the same seismic signature as the discovered net sands. That's much lower risk than PRD's exploration target for example. SOU's discovery has been a real mixed bag so far too. Your argument is a bit like saying why do the majors spend $1bn+ on field developments offshore Nigeria when they can find oil onshore Nigeria with better netbacks. Its all about scale and economics as you suggest, the scale of offshore is usually much much larger than onshore therefore justifies the development costs. CHAR think they've around 4Tcf from the the licences they have offshore. They'll get the very same sales price onshore as anyone else that produces low impurity gas onshore, just the volumes produced offshore likely to be much larger. Like Anchois target of over 1Tcf+ recoverable. Estimated to do around $200m in annual reves. Yes some will feel hard done by here with the recent placing well below the recent high share price. But those like myself who have bought below the OO price and applied for more in the OO feel less so. Regards, Ed.
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25/5/2021
18:43		888icb: Malcy is positive on his blog This news today is most important and I’m sure will cement Chariot as a key player in Africa for both gas and renewable energy. Indeed I would suggest that the moves that have been made by Adonis Pouroulis since he took over have made Chariot a unique story in Africa and with potentially substantial upside. The moves that have been made since then have the effect of considerably de-risking Chariot, at Anchois, where significant work has been done looks a lot more robust now that this raise confirms a well will be drilled this year. The cost of drilling this well seem to be lower than the expectations next year and that this year provides the company with a window of cheaper costs. Apart from Anchois, the moves that they have made with regard to the partnership with Total Eren look to me to be able to be bracketed in that rare ‘company maker’ situation. The opportunities in the African mining industry and the use of renewables will be found by the management and financed by access to Total’s inexpensive debt makes this, exclusive deal seem copper bottomed to me. Talk of 500 MW or even a GW are not impossible and with 1.2bn people on the continent rising to 2bn mean that sustainable, green ESG compliant energy will be the place to be. This financing is clearly significant for Chariot and whilst the discount has been commented on I feel that the ability to get some institutional investors on board is a justifiable price worth paying. Indeed the fact that this management has delivered a lot this year, and at this stage the CEO is putting a substantial amount to take part in the raise via direct investment, as well as his underwriting of what looks like an attractive offer which has been structured so that existing investors can participate at the same price looks eminently backable to me. The deals this year, combined with the opening up of Chariot into being a major player in gas and renewable power for Africa’s huge mining industry and operating in at least 17 countries with an existing presence assured, plus the backing of the exclusivity of the partnership with Total looks like a no-brainer to me. A unique story, without doubt I would say that weans Morocco off coal for power and supplies a huge basic industry with renewable power.
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25/5/2021
13:14		888icb: If they do get any options they should not be exercisable until the share price is at least 5x the current share price They can then join us on the rest of the journey to the 10x share price that was promised!
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25/5/2021
09:38		888icb: Now that done let’s look at how the company are selling this to us. They say they are accelerating the timeline to production and turbocharging CHAR. So they are telling us we are in a better place than we were this time yesterday: Adonis Pouroulis, Acting CEO of Chariot, commented: "We are excited to announce the completion of today's Placing and Subscription, subject to shareholder approval at the forthcoming General Meeting. This successful fundraise marks a key turning point in the evolution of the Company, as we seek to build a transitional energy business in Africa, that we believe will deliver value for all stakeholders. With the net proceeds, Chariot intends to accelerate the timeline of the Anchois Gas Development coming online, with a near-term appraisal well now in sight and the launch of Chariot's Transitional Power division, following the acquisition of AEMP earlier in the year in partnership with Total Eren. This fundraise will turbocharge our growth ambitions in both our transitional gas and transitional power businesses which are highly scalable in terms of both the prospective gas resources offered in Anchois and surrounding area, and in the pipeline of projects to provide clean power to mining and industrial clients in Africa. We encourage and welcome existing shareholders to join us on this exciting journey through the Open Offer and look forward to providing further updates on our progress in due course."
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23/3/2021
19:24		888icb: Some more from Malcy which sits before the final paragraph in the preceding post: Chariot has a number of times suggested that there were a number of game-changing deals on the go and this certainly ticks that particular box. As a move away from the old elephant hunting days, drilling for oil offshore West Africa, this couldnt be more different as it takes on the move to cleaner, greener more sustainable energy. With a rapidly increasing African population, doubling to some 2bn in 25 years, the demand for renewables is expected to grow out of all proportion. So this deal that gives both companies and countries a chance to deploy in renewables is crucial and with the involvement of Total who add a major perspective and will be a key part of the relationship with the Pella stable in 17 African countries provided by Adonis Pouroulis. It is also suggested that through the JV Chariot will be able to lever off the Total balance sheet giving even more potential. Of course the Lixus tie-in will provide the already decent size Anchois discovery with a market place, with its de-risked project NPV10 of some $500m + it also ticks the scalability box where a potential 3 TCF are anticipated There are a number of sundry positives, for investors who rate the above industry average of ESG compliance the acquisition meets Chariot’s key ESG value of Positive Impact on the environment, countries, and communities where it operates. It marks the change towards gas on the continent and obviously with a large number of energy hungry mining projects should have medium and long term opportunities. Post completion of the acquisition, the enlarged group plans to formally change its name from Chariot Oil & Gas Limited to Chariot Limited under the tagline of “Chariot Transitional Energy”, very much a cleaner, greener and more sustainable company. Personally I think this is a very good move by CHAR which will not only be profitable and scalable but sets out the stall for a modern energy company that will embrace renewable power in mining.
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31/1/2021
12:35		888icb: A 10% rise on Friday on volume of 930000 hopefully signals a better week for CHAR. It is not long since we had excellent news but how quickly people seem to forget. I just read a post from lse bb which is a good summary of what CHAR has to offer For me it really boils down to whether I still believe what I have heard from the BOD in the short time that I have been invested here, and most recently again during the presentation by AP, which was only two weeks ago! Here are the messages that AP gives during the presentation: 1) New BOD and new direction for the company had already resulted in a busy 6 months. 2) In those 6 months, there have been the following developments: LOI x 2, Significant Resource Upgrade , New Director, New Licence. 3) 2021 will be a very new and exciting year for Chariot with lots of news. Speed of developments/news will increase. 4) Anchois remains the main project - other existing projects have been shelved but there is a lot of interest in them. Looking to bring it to commercialisation as soon as they can. That has to be the number one focus for the company. Realises that this is what shareholders want/need. 5) Currently in discussion with a large developer about a collaboration and hope to announce something about that very soon. 6) They have spent a lot of time talking to potential off takers both in Morocco and in Europe. 7) They hope to make an announcement on funding for the drilling through partnering in the near future. This has been going well but he is not at liberty to go into more detail. The game changer here came when they had the 150% increase in the resource. 8) Two LOI for financing of the project already. Have also been talking to a range of other potential financing options. He "strongly believes that the financing of the project in the development phase will not be an issue." 9) Project is very robust and can withstand even low gas prices. It plays into ESG aspirations. Upside potential to 4BCF. 10) Aiming to drill appraisal well for this year - 6 months from this to final investment decision. Production by 2024. 11) New component to the business will involve transitional power/ESG. They won't take on these projects unless they offer value to shareholders. News to come on these 12) "We plan to deliver value for our shareholders". "I know our shareholders have been very patient, I'm the largest shareholder. I understand their needs. We want to get that well drilled asap." NB: share price was 8p when he said this! Either all this was spin, or it was reporting the facts to us. IMO this went BEYOND what was necessary for AP to say, if all he wanted to do was give the standard pitch. He talked about making announcements soon and that he was not at liberty to go into details about certain aspects. I do think that a mere two weeks from the presentation is too early to start giving up hope/patience, although it is perfectly understandable given the drop in the share price Oldhebriddean summed it up well in his post from earlier today but I think it's worth giving Chariot another 4-6 weeks. All IMO. That was Legalwolf’s post which I hope it’s ok to repost and my only comment is personally I am prepared to give them longer than 6 weeks. However I will be delighted as will the share price if we get some major news very soon!
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22/12/2020
18:17		888icb: I suggest you read the recent RNS which Malay has summarised Chariot has announced that it has negotiated key terms for a new licence in Morocco. Called the Rissana Offshore CHAR will have a 75% interest and operatorship with ONHYM having the remaining 25%. This is a very cheap way in as Chariot only have to spend around $1m on 2D seismic as a commitment. ‘Rissana (approximate area 8,476km2) will completely surround the offshore boundaries of Chariot’s existing Lixus Offshore Licence (approximate area 2,390km2), which contains the Anchois Gas Discovery, as well as covering the most prospective northern areas of the previously held Mohammedia Offshore Licence and Kenitra Offshore Licence. In addition, Mohammedia and Kenitra licences have been relinquished by Chariot and ONHYM to allow incorporation of prospective areas already covered by 3D seismic data into the Rissana licence. Adonis Pouroulis, Acting CEO, commented: “Whilst 2020 has been a challenging year for many, we believe that Chariot is exiting the year in a very strong position. With the anticipated formal award of the Rissana licence expected in 2021, we have shown Chariot’s strong commitment to both the Anchois gas project as well as to Morocco. I would like to personally thank ONHYM for their significant support over the year and we look forward to a highly active 2021 that will see us drive the Anchois development towards near term cashflows. We also anticipate completing Chariot’s full transformation to an energy transition group with the introduction of exciting new ventures in the New Year, which we look forward to updating our investors on in due course.” Chariot has taken on a new lease of life lately and this shows that they are still working hard to add value for shareholders through in this case working with ONHYM to upgrade and provide more upside for the portfolio. I have been extremely impressed by swift progress being made by the upgraded board and investors look like they have an exciting 2021 ahead of them including the much heralded new ventures.
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24/11/2020
08:40		888icb: I will stick with calling it deramping. As you keep repeating yourself I will let others decide by repeating Simon Thompson who has a track record of actually knowing what he is talking about. Rather than your deramping nonsense I think investors will prefer to read Simon from IC: Chariot primed for further share price gains â– Non-binding expression of interest to fund the Anchois gas discovery. â– Offtake discussions ongoing. Aim-traded Chariot Oil & Gas (CHAR:6.48p) has received two non-binding expression of interests to provide development funding for the companyâ€͐2;s Anchois offshore gas discovery in Morocco. It’s a huge resource with an estimated 361bn cubic feet (bcf) of 2C contingent recoverable resources, and 690bcf of 2U prospective resources. The fact that two highly regarded institutional lenders – African Finance Corporation, a Pan-African infrastructure institution, and a well-known multinational bank – have endorsed the project underlines its quality. It’s also significant given that capital expenditure of US$300m to US$500m needs to be funded to bring the development on stream. Chariot is also engaging with potential off-takers both within the domestic Moroccan gas market, and through the Maghreb-Europe pipeline to the European gas market. Investors have reacted positively to the news. In fact, the share price has surged 70 per cent since I highlighted the buying opportunity three weeks ago (‘Priced for profitable outcomesâ€T82;, 12 October 2020). If Chariot secures both an offtake agreement and the development finance, as seems increasingly likely, then the share price could easily treble or quadruple given that analystsâ€T82; risked net asset value of $153m (£118m) for the Anchois gas field is five times Chariotâ€͐2;s own market capitalisation of £24.5m. Buy.
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18/11/2020
20:54		888icb: Rather than your deramping nonsense I think investors will prefer to read Simon from IC: Chariot primed for further share price gains â– Non-binding expression of interest to fund the Anchois gas discovery. â– Offtake discussions ongoing. Aim-traded Chariot Oil & Gas (CHAR:6.48p) has received two non-binding expression of interests to provide development funding for the companyâ€͐2;s Anchois offshore gas discovery in Morocco. It’s a huge resource with an estimated 361bn cubic feet (bcf) of 2C contingent recoverable resources, and 690bcf of 2U prospective resources. The fact that two highly regarded institutional lenders – African Finance Corporation, a Pan-African infrastructure institution, and a well-known multinational bank – have endorsed the project underlines its quality. It’s also significant given that capital expenditure of US$300m to US$500m needs to be funded to bring the development on stream. Chariot is also engaging with potential off-takers both within the domestic Moroccan gas market, and through the Maghreb-Europe pipeline to the European gas market. Investors have reacted positively to the news. In fact, the share price has surged 70 per cent since I highlighted the buying opportunity three weeks ago (‘Priced for profitable outcomesâ€T82;, 12 October 2020). If Chariot secures both an offtake agreement and the development finance, as seems increasingly likely, then the share price could easily treble or quadruple given that analystsâ€T82; risked net asset value of $153m (£118m) for the Anchois gas field is five times Chariotâ€͐2;s own market capitalisation of £24.5m. Buy.
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10/11/2020
12:49		888icb: Perhaps refer to what Simon said Chariot primed for further share price gains ■ Non-binding expression of interest to fund the Anchois gas discovery. ■ Offtake discussions ongoing. Aim-traded Chariot Oil & Gas (CHAR:6.48p) has received two non-binding expression of interests to provide development funding for the company’s Anchois offshore gas discovery in Morocco. It’s a huge resource with an estimated 361bn cubic feet (bcf) of 2C contingent recoverable resources, and 690bcf of 2U prospective resources. The fact that two highly regarded institutional lenders – African Finance Corporation, a Pan-African infrastructure institution, and a well-known multinational bank – have endorsed the project underlines its quality. It’s also significant given that capital expenditure of US$300m to US$500m needs to be funded to bring the development on stream. Chariot is also engaging with potential off-takers both within the domestic Moroccan gas market, and through the Maghreb-Europe pipeline to the European gas market. Investors have reacted positively to the news. In fact, the share price has surged 70 per cent since I highlighted the buying opportunity three weeks ago (‘Priced for profitable outcomes’, 12 October 2020). If Chariot secures both an offtake agreement and the development finance, as seems increasingly likely, then the share price could easily treble or quadruple given that analysts’ risked net asset value of $153m (£118m) for the Anchois gas field is five times Chariot’s own market capitalisation of £24.5m. Buy.
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