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Chariot Oil Share Chat (CHAR)

Share Price: 16.00Bid: 15.75Ask: 16.00Change: 0.00 (0.00%)No Movement on Chariot Oil
Spread: 0.25Spread as %: 1.59%Open: 16.25High: 16.25Low: 15.75Yesterday’s Close: 16.00

Share Discussion for Chariot Oil (CHAR)

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Posts: 635
Off Topic
Opinion:No Opinion
Thu 16:11
Hello Poll. I still think that we'll get a tier 2 farm-out before too long and my guess is that it will be BP and Petrobras again. It's certainly true that Larry is having to give everyone from institutions to the Namibians their pound of flesh atm and agree, it has been frustrating. But it would be rather odd for him to talk about an early 2015 drill, as he did a few weeks ago, if he didn't think it were going to happen. Still hoping that 2015 will be an awesome year with drills in Namibia and Morocco, and that we get some great news tomorrow night :-D Am reading an article about how dependent we're all going to be on Russia for gas for quite a while to come and am glad Chariot has a Moroccan gas prospect that is looking more attractive by the day
Posts: 621
Opinion:No Opinion
Thu 15:13
It wouldn't surprise me if we get a similar deal to that done by Eco Atlantic with Tulllow Oil where a company comes in to pay for the seismics with an option of a capped carried well later. See link below;

Personally I'm disappointed because we have lost 25% equity of the central block licence and drilling has been pushed back. Chariot suggested this outcome though in the placing presentation when it stated drill B or 3D seismic within Namibian centrals. Maybe it's the right decision long term taking into account recent offshore Namibia drill results.

Only my opinion but following today's news I think Chariot will drill next in Morocco in 2015.
Posts: 36,129
Opinion:No Opinion
100k buy
Thu 14:16
obviously someone is taking advantage of these prices with a 100k buy at 16.25.....
Posts: 429
Off Topic
Opinion:No Opinion
Shareprophets' conclusion
Thu 13:29
Posts: 635
Off Topic
Opinion:No Opinion
Thu 12:49
It's disappointing that Chariot has allowed itself to be squeezed in this way, especially as it has just undertaken a placing to raise funds. Would it not have made more sense to prioritise the funds for Namibia rather than Brazil and then pay more for Brazil later once the sp is higher? I guess Larry knows what he's doing but I hope someone asks hims how this has happened. Also, no one seems interested in who our new partner in the Centrals is. On the plus side, Larry has now secured the centrals for three years which should allow for at least one more drill. I'm sure I'll be feeling happier come tomorrow night when we should get a holdings RNS. Keeping the faith, just about, but a lot of it is predicated on Larry telling us about an early 2015 drill during the PI conference.
Posts: 197
Off Topic
Opinion:No Opinion
Thu 12:31
Positive piece written by Ben, just released
Posts: 377
Off Topic
Opinion:Strong Buy
From jimmy
Thu 12:24
It would have been reckless for Larry to talk about drilling in the centrals in 2015 if he was not pretty certain of it. It looks like a farm in partner wanted the licence renewed first before farming in, chariot did not have funds for a bank guarantee to to go the next stage, namibians and azinam used this to their advantage and squeezed extra licence equity out of chariot in what is a highly prized area based on other farm ins in the area.

Just my thoughts though.

Posts: 79
Off Topic
Opinion:No Opinion
to sum up then
Thu 12:09
so after all the hyping up over the past x months, where we have got to is:

1. renewed namibian licence good
2. lost Petrobas and BP bad
3. no news on big new II´s yet ?
4. share price still pretty much at all time low bad

some investors who think that holding stock that has fallen by close to 90% in past 2 years is pretty rubbish
some investors who think larry and the board have done a great job in this period

those of us who have avearged down are sitting on lower % losses (but by definition) bigger actual losses. Some think this is bad, some think this good

i´m sure the larry groupies will continue to shout down any contrary views, but really until we have some real news nothing is going to change here. think i´ll look again in a month and see how the weepo v peggy fight is going
Posts: 524
View Thread (2)
RE: Gooner
Thu 12:02
You mean the man that misses easy chances ?

We don't need any more players like that thank you Groaner !

Good to see you still hanging in here ...... IT WILL HAPPEN !!!!!
Posts: 1,253
Opinion:No Opinion
Thu 11:54
As I said the Ministry stated BP & PB wouldn't be renewing the block in question 2 Months before we announced it in the placing RNS ..


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