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Chariot Oil Share Chat (CHAR)



Share Price: 8.40Bid: 8.25Ask: 8.89Change: 0.40 (+5.00%)Riser - Chariot Oil
Spread: 0.64Spread as %: 7.76%Open: 8.41High: 8.41Low: 8.40Yesterday’s Close: 8.00


Share Discussion for Chariot Oil


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workover
Posts: 69
Off Topic
Opinion:No Opinion
Price:8.00
RE: Merger ?
18 May '16
Ok Larry

Apologies for suggesting it!
 
Oiltap
Posts: 1,157
Off Topic
Opinion:No Opinion
Price:8.00
RE: Merger ?
18 May '16
It will never happen.
workover
Posts: 69
Off Topic
Opinion:No Opinion
Price:8.00
RE: Merger ?
18 May '16
True but if we merge we stil own Nambia and all that juicy seismic + we will still have our Morocan well to look forward to next year. The only difference would be that we have a shed load of production to look forward to
Oiltap
Posts: 1,157
Off Topic
Opinion:No Opinion
Price:7.875
RE: Merger ?
18 May '16
Huge negative. Namibia south on a strike could be worth £4 per share. Ditto ditto ditto. FAR ltd market cap is very large based on the Senegal finds alone. The value of the seismic alone is worth £loads ... We ask have a free carry on Morocco
workover
Posts: 69
Off Topic
Opinion:No Opinion
Price:7.875
RE: Merger ?
18 May '16
The value of most London listed oil companies has been hit hard. So those conpanies would argue that their share prices also offer good value and we can share in the future growth of the combined company ...

Just to get the ball rolling here are a few numbers to wet your appetite.

I would be willing to consider 1 cairn share for 15-20 Chariot shares.

Or

1 Ophir share for 8-10 Chariot shares.

Or 1 SEY share for 1 Char share.

All of the above gives us somewhere between a 50% to 100% premium to the current share price and allow us to share in the future success of Morocco Nambia Maritania and Brazil.

In some cases gives us some solid production growth in the next few years.

Can anyone see a major negative to merging with someone like Cairn?
Oiltap
Posts: 1,157
Off Topic
Opinion:No Opinion
Price:7.875
RE: Merger ?
18 May '16
And on what basis would they value the company. There market price and the merger price are very different beasts.
workover
Posts: 69
Off Topic
Opinion:No Opinion
Price:7.875
RE: Merger ?
18 May '16
My money is on Sterling Energy or Ophir or Cairn

Mainly for geographic synergies and all being fairly cash rich

Any other potential suitors ?
Oiltap
Posts: 1,157
Off Topic
Opinion:No Opinion
Price:7.875
RE: Merger ?
18 May '16
I do not think a merger is on the cards so have no view ..
workover
Posts: 69
Off Topic
Opinion:No Opinion
Price:7.875
Merger ?
18 May '16
I see on III there's still some debate as to whether the recent RNS was in preparation for a potential merger or just cost cutting.

If it is a merger who do we think are the main potential candidates ?
Oiltap
Posts: 1,157
Off Topic
Opinion:No Opinion
Price:7.875
RE: What if ...
18 May '16
After Cairm spending $26m to farm in, do you really think the license would be allowed to expire by either party ? Especially given the largest oil find in the same oil fairway just down the road in Senegal by Cairn and Far?!




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