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Share Name Share Symbol Market Type Share ISIN Share Description
Chariot Oil & Gas Limited LSE:CHAR London Ordinary Share GG00B2R9PM06 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.10 0.98% 10.275 2,098,987 16:35:11
Bid Price Offer Price High Price Low Price Open Price
10.10 10.45 11.05 9.78 11.05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -3.05 -0.75 38
Last Trade Time Trade Type Trade Size Trade Price Currency
16:13:20 O 200,000 10.4729 GBX

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Chariot Oil & Gas (CHAR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:25:3910.47200,00020,945.80O
16:13:2010.104,000404.00AT
16:09:3610.53227,87423,986.43O
16:07:1710.404,206437.42O
16:05:5610.1010,0001,010.35O
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Chariot Oil & Gas (CHAR) Top Chat Posts

DateSubject
05/3/2021
08:20
Chariot Oil & Gas Daily Update: Chariot Oil & Gas Limited is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CHAR. The last closing price for Chariot Oil & Gas was 10.18p.
Chariot Oil & Gas Limited has a 4 week average price of 6.60p and a 12 week average price of 6.60p.
The 1 year high share price is 14p while the 1 year low share price is currently 1.36p.
There are currently 365,367,898 shares in issue and the average daily traded volume is 3,497,371 shares. The market capitalisation of Chariot Oil & Gas Limited is £36,902,157.70.
03/3/2021
18:11
888icb: Up 15.2% to 10.52p on volume of 5.3 million. Another good day for CHAR as people realise the news flow will deliver the increase in the share price predicted by the CFO. This is gaining momentum now as we await the next major step in the project. It seems highly likely we won’t have to wait very long. Now CHAR is above 10p the next milestone would be going above the 14p high reached last November. It is starting to get interesting!
03/3/2021
10:41
888icb: "“Our shareholders want a 10x share price event and that’s exactly what we intend to provide!” ~ Julian Maurice-Williams That was said by CHAR’s CFO on the last Proactive interview. A CFO of a listed company should not make such a statement unless he is 200% sure he is going to deliver! We are making a decent start this morning Up 10% and back above 10p on volume of 1.9 million.
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!
28/1/2021
09:53
pally12: One could call the game "burn the bears" – the bears being short-selling hedge funds who had bet last year that the share price had further to fall. They reckoned without a Reddit forum called r/WallStreetBets, where amateur traders gather, in this case to spot a daring counterattack – an uprising to propel the share price higher.
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.
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.
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.
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.
30/10/2020
15:08
maggsc: I’ve owned Chariot shares for years, enjoyed the days when they were over £3 per share, got greedy and made the mistake of holding onto them rather than take profit. The share price has a long way to go for me to get back into profit! Need an share price of 56p to break even! LOL!
12/10/2020
17:37
888icb: Simon Thompson - IC (1/2)12 Oct 2020 13:51 All positive news / tips welcomed and hopefully will stimulate a bit of interest... "Chariot outlines ESG credentials Aim-traded shares of Chariot Oil & Gas (CHAR:3.79p) are little changed from when I upgraded my view from run profits to speculative buy (‘Chariot̵7;s North African adventure’, 17 April 2019). However, investor appetite for pure oil and gas exploration and production plays certainly has changed since then. That’s because consumer preferences for energy consumption have shifted dramatically towards more sustainable, clean, renewable and alternative fuel-driven solutions to demand. At the same time, retail and institutional investors now apply environmental, social and governance (ESG) principles to portfolios. Companies that fail to adapt risk becoming irrelevant. Chariot’s new management team has taken note and the company is now effectively an out-and-out play on the Anchois gas discovery in Morocco, located 40km offshore in 388m-deep water, after taking a hefty impairment charge on assets (Namibia and Brazil) in the interim results. Importantly, Anchois offers the company strong ESG credentials as an enabler of Morocco's aim to transition to renewables and increase the use of gas in power generation. Coal still accounts for two-thirds of the country’s power generation, but gas is a growing component as part of the national strategy to reduce imports and transition to lower-carbon energy. Bearing this in mind, much of Morocco’s installed power capacity is in the form of underutilised combined cycle gas turbines. Connection into these installed power stations could be achieved through the nearby Mahgreb-Europe gas pipeline, thus enabling Chariot to build a high-performing business supplying a reliable source of cheap energy to the population of a power-hungry, growing economy. The Anchois gasfield is a huge resource to meet this demand as a new independent audit by Netherland Sewell and Associates estimates it has 361bn cubic feet (bcf) of 2C contingent recoverable resources, and 690bcf of 2U prospective resources. It’s commercially viable, too, as highlighted by indicative pricing of $8/mmbtu (power generation) and $10-11/mmbtu (industry) based on other operators in Morocco. Chariot is currently engaging with potential off-takers both within the domestic Moroccan gas market, and through the Maghreb-Europe pipeline to the European gas market. It is also in discussions with a variety of parties for the provision of development debt finance. House broker FinnCap estimates that $300m to $500m of funding will be required to get the project to first gas. Clearly, signing up European and domestic gas buyers is a pre-requisite for Chariot to raise debt funding. The company has time on its side as it is fully funded through 2021, having cut annual cash overheads by 45 per cent to $2.5m. Closing cash was $5.8m (£4.5m) at end-June 2020. (cont...)
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