Chariot Share Discussion Threads

[homebrewruss] 07/10/2021 17:21

I take it as a positive that ngms is interested in CHAR

[jungmana] 07/10/2021 17:17

Your post when panr was in the 20's are there for all to see. Fyi sold half my panr at 300%+ profits and invested a lot here over last one week or so.Most of the points you trying to raise here have been discussed 2 to 3 months back and no point in going over them again .

[ngms27] 07/10/2021 17:05

Why would they as I haven't?

Sure I discuss downside risk with people don't like but I also do state my own position.

[jungmana] 07/10/2021 16:37

Is ngms ever positive on any share? If anyone had listened to this guy they would have missed a 3+ bagger in panr

[ngms27] 07/10/2021 15:55

These CoS are more like it ;)

Footwall isn't being drilled in December though. Agreed great potential :)

[mynameiskhan] 07/10/2021 15:42

There are five sand zones;

Sand A & B : CoS = 100% (FinCapp Broker Report) and has big target of 360 BCF and NPV of $500m = 44p per share (net)

Sand C: It was interpreted thin sand in original well but data shows thick zone at updip location. Sand C has potential of 164 BCF gas and CoS 64%

Sand M : It was water wet but very small potential of nearly 20 bcf or so. (Very small and insignificant)

Sand O (Deep + Footwall) : Original drill didn't test deep target in Sand O, Appraisal well will be the first well to test sand O. However, seismic shows same attributes as shown in Sand A & B.
Sand O (Deep) has 37% COS & 358 BCF gas potential, while Sand O footwall has 46% COS and 147 BCF gas potential.

Overall, even if the well confirm commercial success in Sand A, B & C - that will be 524 BCF & Very high CoS in these three zones.

[ngms27] 07/10/2021 15:16

jungmana, I bought some PANR in the 20's and continue to hold with several top ups along the way. There is a great possibility of a very large return from here which is why PANR is now 20% of my portfolio, or was a few days ago.

I've also bought into RKH, AEX and CHAR in the past week and see potential for multi-bagging in all of them.

So I've done my own research but understand the potential downsides as well as the large potential upsides...

[ngms27] 07/10/2021 14:18

I've read the presentation. I suggest you take a look at page 8.

The discovery well DID NOT penetrate the lower target O sands. It did hit the thin C& M sands.

C suggested gas, M was water wet. If successful up dip then potential for 185BCF in the C&M combined.

The O is the biggie, never drilled and potentially 358BCF. There is no way this is 64% CoS.

Note the presentation suggests CoS upto 64% not the CoS for each sand. the 64% CoS is likely the C sand, the M and O will be much lower in reality.

[jungmana] 07/10/2021 14:11

Blah blah blah ... ... just like on panr when it was in the 20's , now that's about 80p a few short months later.Do your own research and stick to your own decision. Simples!

[mynameiskhan] 07/10/2021 14:09

You need to read the report published by the broker.Two sands (A & B) has been drilled & hit 55m net pay zone, with excellent reservoir quality (28% Porosity). The appraisal well is drilling very close to that well.Sand C also hit gas in original well but thin zone, the 3D seismic indicates strong evidence that pay get thicker at updip location (appraisal well), that's why 64% CoS

[ngms27] 07/10/2021 14:06

Nope never 100% CoS for any target discovered or not. It could be compartmentalised, sands not developed or exist in the appraisal location.

The lower target has never been drilled so 64% CoS is unrealistic no matter what the BoD say. There's water in the upper leg, could be water here as well.

[mynameiskhan] 07/10/2021 12:55

Some of the zones have 100% CoS as it's already drilled & discovered. Other zone, have upto 64% CoS

[ngms27] 07/10/2021 12:32

Arh, that's if an undrilled, untested sand comes in. COS must be 30% at best.

[mynameiskhan] 07/10/2021 12:24

Based on Anchois drill result, which will unlock 1 tcf gas, that worth 130p per share according to broker

[brazilnut1] 07/10/2021 09:57

SP 50p by Xmas eh ?, based on what exactly ?

[f0rl0rn] 07/10/2021 05:24

Looks like someone here still trying to sell placed shares......anyways 50p but Xmas

[888icb] 06/10/2021 16:49

Closed Up 2.3% at 6.55p on volume of 1.8 million.

[brazilnut1] 06/10/2021 09:07

Ye but still 6.2p bid. Same range as always treading water.

[888icb] 06/10/2021 08:51

CHAR currently showing as number 3 on the Leaderboard Up 9.1% at 6.98p. There as been an AT trade at that price but it is above the current offer price. Let’s see if it is a good indication of today’s direction of travel.

[chestnuts] 05/10/2021 23:34

The dow crashed on 20th of October 1987 , 1987.8 and bottomed at 1616 + 34017 = 35633

1987.8 divided by 34.08 = 58.327 sq this and you get 3402

if we add 34.08 yrs to the bottom in 1987 we get 2021.8832 18/19th Nov

The dow could crash any day if it follows this cycle

[chestnuts] 03/10/2021 23:20

this a relation ship to 5th waves on gold chart

start of 5th wave on the 1st wave = Nov 1978 or 1978.94 ish (the last 3 numbers 894 one cycle is 89.47
start of 5th wave on the 3rd wave = July 5th 2011 or 2011.55

5th wave of a 5th wave started on 8th Aug 2021 , 2021.6

2021.6 minus 2011 . 55 = 10.05 divided by .2355 = 42.667 (4266 days = 11.681 yrs)

Amazing dont you think

[jungmana] 03/10/2021 11:34

A quick summary there by Sadaat on twitter;

[jungmana] 03/10/2021 11:32

#CHAR FinnCap research report - target price of 30p (+362% upside potential). Unrisked valuations for Sand A,B,C,M,O = 130p (+2000%), while for Lixus license, unrisked value is 325p (50 baggers).Always DYOR... https://t.co/Zvtfyjlj7P

[jungmana] 03/10/2021 11:29

I doubled my CHAR holding during the last week by taking profits from panr. 1TCF of gas potential from an appraisal well is a huge opportunity to make serious money. I personally believe we could see this motor past 14p by spud in December.