Chariot Share Discussion Threads

[brazilnut1] 10/9/2021 09:10

Trend is down. Without news into the 4’s easily. Top up ?, hahaha. I can hear the rampers now, “spike to 10p on spud” why ? then “spike to 15p” on drill confirming what we already know, why ? What’s Marcy saying cos that will make all the difference NOT. Years away from decent return here 😂😂😂😂8514;

[jungmana] 09/9/2021 17:29

Had a small top up today.

[hsfinch] 09/9/2021 15:16

This isn't news. They already said they'd drill in q4. And well is just to confirm flow rates. It ain't a wildcat thats gonna prove up loads of oil. They reckoned they'd got a discovery and they're spending £25million coz banks will need the well and more to lend. Malcy...puff piece to order...who cares what he says. Ive said it before nobody's gonna farm into a small deepwater gas project in a country where a gas market don't exist.

[brazilnut1] 09/9/2021 11:25

So what is going to take it to 10p given we know about the rig and what it’s been hired for. Why will it rise to 10p on this ? Didn’t move on rig being hired and is down since so……R30;…???? Let’s have it.

[jungmana] 09/9/2021 09:51

Today's price offers a good opportunity to load up cheaply. Imo this will be well over 10p by December spud.Just buy and sit tight for a few weeks. Longer term this us a multibagger

[brazilnut1] 09/9/2021 09:34

You think Chariot will disclose anything meaningful to him that we don’t already know ? Not. There is a new excuse for this dog every day. These little oilies are not market driven. Only news.

[888icb] 09/9/2021 09:21

Malcy’s blog is widely read so it puts CHAR on a few more radars. Malcy is conducting a long interview with CHAR today so there will be a new write up.
All global markets are down today so share price movements are more market driven than company specific.

[brazilnut1] 09/9/2021 08:25

Malcys blog eh ? Says nowt not already in the press last week. Never gets much right so why bother quoting him ? X 10 eh ? Not likely, can barely keep above 6p. Jam tomorrow but tomorrow not coming. Again.

[ultimatejustice9] 08/9/2021 16:18

Char & Angs will be gas baggers next year imo

[888icb] 07/9/2021 16:03

Malcy’s blog today


hxxps://www.malcysblog.com/2021/09/oil-price-chariot-cairn-empyrean-and-finally/

Chariot
Chariot has announced that it has signed a contract with Stena Drilling, one of the world’s foremost independent drilling contractors, to use its Stena Don drilling rig for the planned Anchois gas appraisal well within the Lixus licence, offshore Morocco. Drilling operations anticipated to commence in December 2021 and are expected to take up to approximately 40 days.

Stena Don is a semi-submersible rig, suitable for drilling, completion, and workover operations. Planned appraisal drilling objectives are to unlock the development of the discovered sands by confirming the gas resource volumes, reservoir quality and well productivity.

It will also provide a future production well for the development of the field and potentially deepen the well into additional low-risk prospective sands with the aim of establishing a larger resource base for longer term growth.

Adonis Pouroulis, Acting CEO of Chariot, commented:

“The signing of this contract is an important moment in our planned drilling campaign for the Lixus Licence, offshore Morocco. We anticipate drilling commencing in December, with the well expected to take up to 40 days to drill. As a team, we have been keenly focused on delivering the drilling campaign that we recently raised money for, and we are pleased that this contract award brings us a step closer to achieving this. We look forward to keeping our stakeholders appraised we get closer to the spud date.”

This is an important step for Chariot as they fix a time for drilling the Anchois appraisal well on the Lixus licence. There is so much promise in the area offshore Morocco that the market will correctly treat this as a proxy for the company’s value going forward through this part of the field as well as adjacent sands.

In the meantime the recent flurry of announcements has shown that the ‘new’ management at the company has been very busy. I am meeting with the team later this week for an update and regard the company very highly indeed to make substantial progress in Morocco and importantly across the continent in its new chosen ventures

[brazilnut1] 07/9/2021 13:14

Wrong bb. Apologies.

[888icb] 07/9/2021 12:16

A poster on the other bb posted this on Sunday which is a good overview of where we are now in a discussion about predicting the share price going forward:

I don’t do price predictions, never have….
However I think everyone is in the dark here and woefully low.
There is not a bigger drill on AIM this year with such low risk and such high equity held and potential add on upside scalability than the Anchois drill.
Everyone is also completely excluding any AEMP project news which we have been told is in the pipe line over at least 3 new projects this year alone. The project pipeline for AEMP is currently 500 MW according to fin cap and Chariot
Recent comparable market transactions in this space have been valued at ~US$1.8m per MW, suggesting a valuation of US$13.5m (1.5p/sh) for Chariot’s 15% share of a typical 50 MW projects.
Based on the above , 500MW of new projects is blue sky for the chariot share price

Fin cap have advised that the 31 pence,
We only include the AEMP acquisition at cost and have given no value for the existing project, let alone any of its significant development pipeline. These are typically low risk and predictable projects, backed by long-term contracts..

The 31 pence per share risked price, EXCLUDES any AEMP exposure and also excludes 3TCF of potential Lixus upside , also nothing built in for Rissana , Brazil or Namibia.
There are still a number of points to highlight regarding this valuation. We only include the Anchois discovered and prospective resource within our valuation. We still risk the prospective resources heavily with a 17.5% commercial risk applied on top of geological risking. Moreover, we give zero value to any of the other 10 identified prospects on the Lixus licence from the NSAI assessment, nor any subsequent prospects identified by the Chariot team, which provide a total gas resource base in excess of 4 tcf.

Clearly Chariot is entering a whole new uncharted universe as an AIM company and there is nothing listed coming anywhere near what is their pipeline.
How do you value that ?, that is the 64k question .!

[888icb] 07/9/2021 12:06

The share price will start to build now in the run up to the commencement of the drill. We may of course in the meantime get news from the renewables side of the business.
The CFO recently reconfirmed his prediction of a 10x share event. Your libellous statements do you no favours and as they are completely unsubstantiated I imagine you will be filtered.

[888icb] 07/9/2021 10:25

Prices all over the place here in the first couple of hours and having been up initially we are now down 0.5% from 53 trades and a volume of 3.7 million. The pricing on this is continually a mystery as an example for some time this morning the share price was shown as 6.5o when that was way above the quoted offer price. The buy/sell figures are I believe totally unreliable.
It’s a pity lse bb remains down as it attracts a lot more comments than this one.

[jungmana] 07/9/2021 08:28

Finncap have a risk valuation of 31p. Should see a decent rise from this level over the next few weeks to spud in December

[888icb] 07/9/2021 07:40

The plan is being implemented in accordance with the timelines stated by the board.
Excellent news which should be well received by the market.

[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