Chariot Oil Share Price (CHAR)

http://www.worldoil.com/Brazil_to_hold_first_pre_salt_oil_exploration_auction_in_October.html [new production-sharing regime]

HRT - have made the conference call available for download at: http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=44&tipo=32111 The podcast is long at over an hour, I would recomend the following times and excerpts in paricular: The introduction is really just repeating the press release. the following are notewothy 1. Introduction " 2 target reservoirs seen on the LWD loggs with no porosity, above and below two source rocks. 2. JP Morgan question , Answer "with this well it can eventually impact to the whole basin " 3. 21 Minutes " source potential has significan generative potential in the Walvis Basin..... The chances of finding reservoire is very high " 4. 24 minutes: " based on the results of the Wingat , risks for Boabab risk reduced, risk in the deeper Murombe remain the same" 5. 28 minutes " one of the sources is several hundred meters thick" 6. 29 minutes " whenever we found porosity we found oil" 7. 36 minutes "In Wingat there was a shallow clastic reservoir, turbidite, deeper carbonate platform " 8. 38 minutes " At murombe we were able to calibrate seismic, we are able to get clear geometries which are indicative of reservoir systems". The risk of reservoir in Murombe is smaller 9. 40 minutes " deepest source rock in Wingat could fill the main reservoir in Murombe. 10. 40 minutes " 1.5 TCF of proven gas in the Solimoes" 11. 42 minutes " reservoir is now the concern, there was a lack of porosity compared regional data, what we found was silt instead of quartz sand, this is more of a near shore environment "..... The reservoir interval in Murombe extremly different 12. 49 minutes we drilled deeper to target a deeper turbidite reservoir "enchita "(??) which could be acting as a feeder for Murombe" .... "Turbidites are a much lower risk than carbonates" 13. 56 Minutes, "source rocks were Albian/Aptian and Cenomanian Turonian" 14. 1 hr 03 minutes £ gas dissolved in mud C1 to C3 from 1500 meters to 5000 meters 4- 6000 ppm, at 4600 meters increase in gas readings C1 to C5 (C4 and C5 are oil light elements ) as high as 25,000 ppm 15. 1hr 06 minutes " higher than expected pressure... rig is OK" I recomend listening to all investors. Good night, time for a glass of wine now. Jimmy

http://www.chariotoilandgas.com/

You are right. Guess that was my daily dose of procrastination. Only 70 lectures left :)

Shouldn't you be revising? ;+)

Just awful! Where is that 100k buyer now? He only has couple of hours to fill his iceberg purchases for today. GLA