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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
|
|
|---|---|---|---|---|---|
| -0.08 | -4.30% | 1.782 | 2,479,551 | 15:34:20 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1.782 | 1.84 | 1.84 | 1.76 | 1.796 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 80k | USD -15.58M | USD -0.0132 | -1.36 | 21.99M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:15:19 | AT | 1 | 1.782 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 05/11/2024 | 15:25 | UK RNS | Chariot Limited Directors Dealings |
| 22/10/2024 | 14:00 | UK RNS | Chariot Limited Block Admission |
| 18/10/2024 | 12:37 | ALNC |  EXECUTIVE CHANGES: DFS Furniture CFO lasts 2 years; new Chariot chair |
| 16/10/2024 | 06:00 | UK RNS | Chariot Limited Appointment of Chairman |
| 27/9/2024 | 17:09 | ALNC | EARNINGS: Black Sea swings to profit; Alien Metals loss narrows |
| 27/9/2024 | 06:00 | UK RNS | Chariot Limited H1 2024 Results |
| 16/9/2024 | 06:00 | UK RNS | Chariot Limited Conclusion of Anchois-3 Drilling Campaign |
| 11/9/2024 | 06:20 | UK RNS | Chariot Limited Operational Update on Anchois-3 Drilling |
| 10/9/2024 | 09:40 | UK RNS | Chariot Limited Result of AGM |
| 20/8/2024 | 11:47 | ALNC | Chariot celebrates start of drilling operations at Anchois East well |
Chariot (CHAR) Share Charts1 Year Chariot Chart |
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1 Month Chariot Chart |
Intraday Chariot Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/11/2024 | 08:12 | Chariot Oil & Gas - Moderated | 15,140 |
| 22/10/2023 | 03:36 | Chariot - Transitional Energy | 411 |
| 05/9/2023 | 05:51 | CHARTS | 9,989 |
| 17/12/2022 | 13:06 | Chariot Limited - Green Energy in Africa | 345 |
| 04/11/2021 | 20:26 | NEW * Chariot Oil and Gas - A balanced portfolio with Giant Potential | 111 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:15:19 | 1.78 | 1 | 0.02 | AT |
| 15:07:06 | 1.79 | 30,967 | 554.71 | O |
| 14:57:41 | 1.82 | 2,638 | 48.04 | O |
| 14:53:27 | 1.78 | 335 | 5.97 | AT |
| 14:51:27 | 1.79 | 24,912 | 446.27 | O |
| Top Posts |
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Posted at 21/11/2024 08:20 by Chariot Daily Update Chariot Limited is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker CHAR. The last closing price for Chariot was 1.86p.Chariot currently has 1,180,884,055 shares in issue. The market capitalisation of Chariot is £21,137,825. Chariot has a price to earnings ratio (PE ratio) of -1.36. This morning CHAR shares opened at 1.80p |
Posted at 22/9/2024 10:52 by pwhite73 James - "The drill ship is still on location"That's right because investors seem to think demobilisation is just a matter of the drill ship sailing off to the next location. Plugging, abandoning and demobilisation takes about one to two weeks. However if CHAR/ENOG states there will be a second drill I would be extremely surprised if the share price does not multi-bag from here given the resources at A1, A2 and A3. The fact that a flow test was not even attempted at A3 suggests all parties think the entire Anchois project is too water logged to ever be commercial. Shareholders have to wait and see but if it is confirmed there will be no further drill CHAR will halve again from here. The company may already know this and the reason why ENOG have been told to remain silent. You see this failure is nothing for ENOG for they are too big a company to affected by one project whereas CHAR depends 100% on it. |
Posted at 21/9/2024 08:22 by pwhite73 Jungmana - "The share is oversold and directors buying will show confidence which could shift sentiment."What does ‘oversold̵ What it means is the market’s reaction to news does not warrant the fall in the share price. This suggests there is some higher authority above the market that understands the true value of the company. No such higher authority exists. In the absence of any material news to change the market’s mind the share price is just right. This is why I stated director buys are bad news because if they are aware of immediate material news that will change the markets’ view their buys would be tantamount to insider trading. Thirty years ago, director buys meant something. It meant directors had confidence in their own company and this did improve market sentiment. In 2024 it is totally meaningless. Indeed, director buys are nothing more than a confidence trick to hoodwink retail shareholders into buying the stock before the next discount placing. Directors are compensated for the loss in the value of their shares by higher wages, options, bonuses etc. Retail shareholders are not. Avoid Chariot until ENOG make a statement on the plan forward. |
Posted at 17/9/2024 07:51 by billthebank Investors Chrpnicle“ Investors are massively overreacting to Chariot's update Aim-traded Africa-focused energy group is having a minor setback, but the main drilling news comes next week….. The share price reaction today is completely disproportionate. Auctus's risked NAV of 43p and downgraded target price of 40p (from 45p) are still 11 times higher than Chariot’s current share price. I would not sell the shares at this depressed level ahead of the well results next week. Hold.“ |
Posted at 17/9/2024 06:19 by jungmana Key Deal Terms:-- Energean to acquire 45% and 37.5% interests in the Lixus and Rissana licences respectively, and take operatorship of both licences-- Chariot will retain a 30% and 37.5% interest in Lixus and Rissana respectively, with ONHYM maintaining a 25% stake in each licence-- Chariot will receive: o US$10 million payable on completion of the transactiono US$15 million payable on Final Investment Decision ("FID")o US$85 million gross carry including:-- All Lixus costs up to FID, including the additional Anchois well with a gas flow test-- Planned Rissana seismic acquisition costs separately capped at US$7 million-- Following completion of the Anchois well, Energean will have the right to acquire a further 10% of Chariot's equity in the Lixus licence for:o US$850 million gross development carry to first gas (including the US$85m gross carry)o US$50 million 5-year zero coupon convertible loan note with a strike price of GBP20 adjusted down for dividends or issuance of three million Energean shares, at Chariot's option on FIDo 7% royalty payment on Energean's gas production revenues in excess of a base hurdle on the realised gas price (post transportation costs)-- Energean's carry of Chariot's costs is non-recourse, and has a coupon of 7% over the one year Secured Overnight Financing Rate (SOFR), with the carry including interest repayable from 50% of Chariot's future net sales revenues from the Lixus licence |
Posted at 15/9/2024 20:36 by the skipper Well if you’re not able to back up your post with a link I’ll have to discount it. The new broker note has a price target of 40p. Here’s the summary:Chariot Limited (AIM: CHAR) Share price: £0.07 September 11, 2024 Target: £0.40 Anchois-3 encounters gas in the appraisal target but one of the exploration targets is dry • The Anchois-3 well has 3 objectives. While the initial pilot hole encountered the targeted reservoirs at the Anchois Footwall prospect, they were interpreted as water wet. Our ReNAV for this prospect was £0.03/sh. • The well was sidetracked in the B sands which are the main appraisal targets. Preliminary interpretation indicates the presence of gas in these sands. Our unrisked NAV for the 2C resources is £0.27/sh. We carry 75% probability of development. • Drilling is ongoing towards the deeper targets. This includes the Anchois North Flank prospect (O sands) with an additional 2U Prospective Resources estimate of 213 bcf. Importantly the North Flank prospect is deeper than the Footwall prospect and part of a different structure separated by a fault. As a result, the fact that the Footwall prospect was water wet has limited impact on the risking of the North Flank prospect. Our unrisked NAV for North Flank is £0.07/sh with a 49% chance of success. • A success at Anchois North Flank will also de-risk the nearby Anchois South Flank prospect with a 2U Prospective Resource estimate of 372 bcf with an unrisked NAV of £0.11/sh and 57% chance of success. • As we remove Footwall from our ReNAV, we have changed our target price for Chariot to £0.40/sh. Further details on the well results are expected next week. |
Posted at 11/9/2024 13:22 by 888icb IC comment out:“ Investors are massively overreacting to Chariot's update Aim-traded Africa-focused energy group is having a minor setback, but the main drilling news comes next week….. The share price reaction today is completely disproportionate. Auctus's risked NAV of 43p and downgraded target price of 40p (from 45p) are still 11 times higher than Chariot’s current share price. I would not sell the shares at this depressed level ahead of the well results next week. Hold.“ |
Posted at 13/8/2024 07:47 by 888icb General meeting to approve the issuing of the new shares is at 11am this morning. CHAR currently Up at 7p. Yesterday a broker issued a new target price:“ Chariot Ltd (AIM:CHAR, OTC:OIGLF) was reaffirmed as a buy stock from Panmure Liberum on Monday with an adjusted price target of 32p from the previous 39 pence. This revision reflects the dilution following Chariot's recent $9 million fundraising rounds through a placing and open offer. Despite the reduced target, Panmure Liberum remains optimistic about Chariot's prospects, particularly in its Moroccan gas assets. The brokerage highlighted the strong potential of the Anchois project within Chariot's portfolio, suggesting that current market pricing underestimates the project's value.” So that’s nearly a 5 bagger from the current share price |
Posted at 20/5/2024 06:38 by sev22 An African gas play with multi-bagger potential.Shares trade on a 75 per cent discount to analysts’ sum-of-the-parts valuations even though drilling success could release huge value for shareholders. May 16, 2024 by Simon Thompson *Potential for drilling success on second onshore well *Analysts target prices of 50p and 57.7p Chariot (CHAR:7.1p), the Africa-focused transitional energy group, has announced results from the first well of a two-well drilling programme on the Loukos Onshore licence in Morocco. Although the reservoirs at the Gaufrette prospect did not deliver a material gas accumulation and are therefore deemed uneconomic, the presence of gas and reservoir quality are positive for future exploration in the area. Importantly, it’s not material to the investment case. Analysts at Auctus Advisors had only embedded a risked net asset value (NAV) of 2p a share in their financial models. The rig will now move onto the Dartois target, which is fully independent of the Gaufrette prospect. Analyst James McCormack at broker Cavendish believes that success at Dartois has the potential to unlock a trend prospect within a P50 resource of 20bn cubic feet of gas. He values the gas on the Loukos licence at $4-$5 per million cubic feet (mcf) on a gross unrisked basis, meaning that success at Dartois could be worth $80mn-$100mn (£63mn-£79mn). Chariot has a market capitalisation of £76mn. Potential for Dartois to deliver immediate returns. Bearing this in mind, McCormack notes that the Loukos licence is located near existing infrastructure and the industrial offtake market, where Chariot has the potential to rapidly monetise production. A successful gas discovery could be brought on stream in early 2025. The industrial gas market close to the Loukos licence is significant and undersupplied, too, which means that production could demand gas prices of $16 per mcf, amongst the highest globally, says McCormack. This, combined with a highly attractive fiscal regime (25 per cent government take), makes for a highly economic project. Both Auctus and Cavendish are leaving their 50p and 57p target price unchanged, or more than seven times the current share price. Auctus also has a sum-of-the-parts valuation of 28p a share, or four times Chariot’s current share price. Accounting for 42p of Auctus’ core net asset value, the largest component of the valuation relates to the company’s flagship Anchois gas project. I highlighted the methodology behind the Anchois valuation after Chariot announced a farm-out with Energean ( ENOG), a FTSE 250 company that has a proven track record of successfully developing large offshore gas projects (‘Chariot̵ So, with the current share price significantly undervaluing Chariot’s retained interest in Anchois, and ignoring any potential for success at Dartois, I now rate the shares a buy again. |
Posted at 17/5/2024 05:56 by 888icb Further extract from the IC:Potential for Dartois to deliver immediate returns Bearing this in mind, McCormack notes that the Loukos licence is located near existing infrastructure and the industrial offtake market, where Chariot has the potential to rapidly monetise production. A successful gas discovery could be brought on stream in early 2025. The industrial gas market close to the Loukos licence is significant and undersupplied, too, which means that production could demand gas prices of $16 per mcf, amongst the highest globally, says McCormack. This, combined with a highly attractive fiscal regime (25 per cent government take), makes for a highly economic project. Both Auctus and Cavendish are leaving their 50p and 57p target price unchanged, or more than seven times the current share price. Auctus also has a sum-of-the-parts valuation of 28p a share, or four times Chariot’s current share price. Accounting for 42p of Auctus’ core net asset value, the largest component of the valuation relates to the company’s flagship Anchois gas project. I highlighted the methodology behind the Anchois valuation after Chariot announced a farm-out with Energean ( ENOG), a FTSE 250 company that has a proven track record of successfully developing large offshore gas projects (‘Chariot̵ So, with the current share price significantly undervaluing Chariot’s retained interest in Anchois, and ignoring any potential for success at Dartois, I now rate the shares a buy again.” |
Posted at 04/3/2024 09:40 by hsfinch I asked Copilot why Chariot's share price has fallen. Here's the answer. The share price of Chariot Ltd (CHAR:LSE) has experienced a decline recently. Several factors may have contributed to this downward trend:Farm-Out Agreement with Energean: Market reactions to Chariot's farm-out agreement with Energean could be influencing investor sentiment. The specifics of this deal and how it impacts Chariot's financials and prospects may be affecting the stock price1.Cash Needs and Funding Strategies: Concerns about Chariot's future cash requirements and its funding strategies might be contributing to the share price decline. Investors closely monitor a company's financial health and its ability to meet its obligations1.Long-Te |
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