I wasn't at the AGM, I do not live in GB, but I appreciate the information you and others have shared with us. I am a long term investor as most of us here are. never sold a share, do not plan to do so until spud in of next well, then it's time for me to derisk and sell half of my holding. Until then I expect a multibagger from current levels.
Larry said he wasn't in the business of releasing rns's everytime they changed the brand of biscuit like some companies. I think they genuinely had a bemused look on their faces when Evo interrogated them on PR. Only release rns's on solid facts. When they do come it's gonna be fast and furious.
I accumulated every month. The prospectivity you quote is bang on but Chariot are not market savvy and if you read their publicity you would be likely to think the numbers are lower (although still elephant sized). Chariot sucks when it comes to PR etc constrained by Larry's naive (IMO) view on how markets work and presumably on how business works .. He bangs Rocks .. We need a business man at the helm. Have a nice morning Larry!
my position in Chariot O&G over the last few weeks, because of the massive underevaluation by the market,
Current Market Cap US$38.4 million
>US$50 million in Cash (YE2014) >US$100 million in 3D seismic (>11,500km²) 8 operated licenses (in Brazil, Morocco, Mauritania, Namibia) > 20 Billion boe of pmean prospective resources potential to drill > 6 wells over the next three years Dataroom open to farmdown all licenses to generate more Cash & Carried wells Drill Ready in 4 licenses: Mauritania C-19 (>3.5 Billion boe) Namibia Central Blocks, (>6.5 Billon boe) Morocco Rabat Deep (>7.9 Billion boe) Morocco Loukos (460 bcf gas lead) Will be Drill Ready in all other licenses in 2016
Key Catalysts 2015/16: Partnering in all regions & Drilling (following successful farmouts)
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