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Well said Whimax !!
Suggest Mrplo heads to specsavers, short sightedness can result in tripping over your own feet !!
Not long before the long running activity kicks in, and when it does it will be nonstop !!
In that case MrPLO, you’d be as well selling here and coming back in July when AE is being drilled.
The upside potential of the Onshore drills, both with and without success in the deeper reservoir have been explained on here many times, so no point in going back over those, but imo even worst case will provide good to very good cash flow that will see a significant rerate.
If you don’t believe that to be the case and/or see the Onshore Drills or Funding as a risk, I suggest O & G maybe isn’t your bag, or that you’d be happier buying into ENOG rather than CHAR.
Anyway, I’ll leave it there, as it’s probably best to just let the Drill Bit do the talking now.
GL.
P.s. I apologise sincerely that the share price didn’t react the way we all hoped after the distressed seller (who, incidentally, as I stated on several occasions, was there) was cleared. My bad 🙏
@whimax I may have misunderstood your thesis then. I thought it was that a large seller was offloading and therefore that was suppressing the share price, or keeping prospective buyers away, and when that selling ceases there would be a big bounce. So I was wondering if that seller had stopped or not because the share price still seems to be struggling.
I know you think that a massive re-rate is coming any day now but I really don’t think the onshore drill will do much for the share price. Even if it comes in as chariot hopes (excluding Jimmy’s 1 TCF estimate), there’s just too little near term upside to cause much excitement, and frankly there’ll be more questions about where exactly the financing will be coming from.
I am more excited that the Energean share price is doing well. The stronger the position they are in financially come AE results, the more likely they are to go through with their option to acquire the extra 10% from us.
Not sure what your point/question is MrPLO?
Are you asking if “Thee” Seller has cleared? Yes, IMO he has.
Does that mean everyone suddenly wants to buy? I’m not sure, but Buys outweighed Sells today and the SP dropped, so you tell me.
A catalyst is needed. It might be Rig Mobilisation, but that’s not within Chariots control unfortunately.
This is a screaming buy imo, but folks won’t get it till it’s too late.
Folks paid above 10p couple of days ago now selling for 8.3. I love aim.
@whimax - any update on the large distressed seller?
2 weeks ago you said:
"Well, whadaya know!! Looks like the distressed seller has just cleared.
If anyone wants me to pass on any apologies to anyone, just let me know!!"
Is he still around, or has he cleared and there's just no interest in Chariot at the moment?
You might well get your wish at this rate!
I'd be more than happy to see this drop back down to the 7s before the rig arrives £££
Henry Sinclair.
Mistaken I’m afraid…..absolutely no idea who you refer to, however if it makes you feel better , I can be anyone you want me to be…
SHC's only desire is to turn this into an echo chamber of ramping and should anyone post anything that he sees as negative he will start posting like he does best, as Henry so aptly puts it "toys oot the pram" 😂
He even banned BDC from his main echo chamber for questioning the motives of one of his gang members and then acted like it was nothing to do with him🤔
Anyone seen our rig 👀as we are quickly approaching a month over due and still no official word on why or when 🙄
Maybe SHC will pop by and give us the goss from the "socials" where apparently chariot news is aplenty....🤥
Well said Henry. 👌 I think its safe to say that its SHC back again as an alias ghost of the past. It was rather pathetic to read his parting thread on here when he threw all the toys out the pram🥳🥳 Infact I thought that he said this was a "Cesspit" on here,jeez whats he like..... Oh well the suns out this morning, lets hope for some sunshine on this bloody thing soon🤞🤞
The Bold
Your posts are akin to old poster SHC. He would shake his rattle whenever anyone Q his or the companies narrative. It was once suggested the company would fund raise. He was most upset, after all he had popped into chars offices and shared in a casual cuppa and chat. Anyway, 3 fund raises later and he was no longer seen here. Keep the faith, everything the Company suggests will happen.
No AP. Means no Char.
Remember all those oil co listed on AIm. The AIM model is not the same just as Char the elephant hunter. Look how Sirius minerals transitioned from business model. I threw money at on oil prospector turned into gas storage. Prospector only to become HAL.. a prospective ship builder !!
listening to JMW is just like listening to Rupert Cole XEL.. could be forgiven for thinking they attended the same school of BS. Like an old Terence Thomas flick and the old school tie
It’s all about being the middle man. Without AP there is no Chariot.
Annual report shows they own 100% of Chariot Namibia. Isn't this there off shore interest? Should be worth something.
Don't they still have an interest in Namibia?
Https://www.offshore-energy.biz/chariot-to-withdraw-from-two-blocks-offshore-namibia/
“NAMCOR has requested that Chariot remain engaged in the partnering process through a zero cost option to back-in after exploration drilling in recognition of the depth of understanding of the Chariot team of these licenses and the quality of technical work performed.
Https://www.offshore-energy.biz/chariot-to-withdraw-from-two-blocks-offshore-namibia/
Thx Jimmy.
I'd imagine Chariot must be bosted by the Galp news...plus, as they now have an experienced operator on board in Morocco, I'd imagine there may be some interesting discussions about that 10% opt-in.
Whatever happens, it's another string in Chariot's bow!
@jimmy23
imagine if they have kept that license
Norviking.
Chariot had previously identified a very large stratigraphic trap for natural to the west of its block 2714 .
In light of the nearby oil discoveries it might now be considered viable as an oil target
The licence is held by namcor and chariot were to assist in farming out in exchange for a right to be granted 10% after a well had been drilled by a new party.
Perhaps someone in chariot could advise further.
Jimmy
Just 6 trades so far for a volume of 186000. No change in the sp as we haven’t had an AT trade yet. Let’s hope the onshore drilling news arrives soon.
Jimmy - thx for that info.
What are the potential implications for CHAR on this news?..and how would this work - if CHAR wanted to exercise the opt-in for the 10%, would there be a (big) cost assocaited with that? Can they sell the opt-in rights to the main/another operator?
Thanks.
Ramadan and even the school holidays are over what can we blame the delay on now🤷♂️Answers on a postcard or just post them below😁
Any one seen our rig???🙈
Suresh,
Chariot have a residual back in rights for 10% to block 2714 in Namibia, which is adjacent and contiguous to galps, giant oil discovery.
Jimmy