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Fund Manager Chris Bailey talks about an opportunist 2017 for investors Watch here

Fund Manager Chris Bailey talks about an opportunist 2017 for investors


Chariot Oil Share Chat (CHAR)



Share Price: 8.43Bid: 8.43Ask: 8.50Change: 0.00 (0.00%)No Movement on Chariot Oil
Spread: 0.07Spread as %: 0.83%Open: 8.11High: 8.43Low: 8.11Yesterday’s Close: 8.43


Share Discussion for Chariot Oil


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Wheep0
Posts: 508
Observation
Opinion:Strong Buy
Price:8.43
ENI Rabat deep
Today 04:59
Having worked for ENI for 7 years back in the 90s and early noughties, they are pretty fast acting operators.
Worked ENI Norge and in San Donato Milan on many deepwater campaigns in Norway and North Africa.
They have a basic and generic well engineering design for deepwater exploration wells and all tangibles required are held in stocks in various global areas .
The tangibles for Morocco will come from the North Africa inventory, held in Egypt, easily moved to Morocco.
There will be no requirement for any long lead equipment ordering.

Well engineering design will be an ENI choice and Chariot will have little to nothing to do with the now.

There will be no extended flow testing undertaken on event of success, this was confirmed by Larry .
Commercial success will be proven by pressures, MWD, logging, coring and a potential drill stem test while the string is still in the hole.
There will be no flaring even if the well is announced as commercial. That will come later at appraisal stage and the well will be drilled to enable re entry for this.

At this stage ENI will be looking at the logistic support and of course rig selection, which is likely already done.
I suspect the well will be drilled by a rig already on or coming on contract with ENI.
The well duration should take about 50 days.
It likely will be a standard deepwater vertical well, utilising 30" conductor down to 7" liner, if logs and HC shows were positive after the 8-1/2" hole section TD..

ENI are notorious quiet in news release in exploration wells until finality, it will be a tight hole on the rig ( communication monitoring to ensure no news is leaked) although in reality with modern coms and social media this is near now impossible to achieve..

This is a biggie , near 800 million barrels , with near 80 million net to Chariot, this could be very conservative ,( check Conocco PHillips Senegal success)
The scenario of actual reserves being larger than first estimated by seismic and modelling on a commercial strike are very high...
24% COS is also very high for this type of play..
Remember ENI are the global Jurassic experts, our RD 1 play is Jurrasic, not only have they endorsed it as a high chance of success, so have Woodside , another Major Operator.

I expect steady news flow this years not only on Morocco but all out other drivers as well which will play a part in the 3 wells in 2 years.
 
Wheep0
Posts: 508
Off Topic
Opinion:No Opinion
Price:8.43
RE: Of
Today 02:53
The only comic on here is you wee man...
Prime time gold comedy..
98% of your 4 year posts on Chariot, bought at the top, sold at the bottom and now short
FQ320MR
Posts: 4,297
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.43
Of
Mon 20:03
Course your shale play ...comic genius. .lol

MR
Wheep0
Posts: 508
Off Topic
Opinion:No Opinion
Price:8.43
RE: Cough Cough
Mon 18:38
Great for my shale play wee man..
Loving it...
FQ320MR
Posts: 4,297
Premium Chat Member
Observation
Opinion:No Opinion
Price:8.43
Cough Cough
Mon 18:23
However, that might not matter much to the worldwide glut of oil, because as OPEC members ramp down, U.S. producers, who are governed by nothing but the market, are ramping up..

http://www.cbc.ca/news/business/opec-cuts-us-goes-wild-1.3934621

Oil experts - LMAO

MR
FQ320MR
Posts: 4,297
Premium Chat Member
Observation
Opinion:No Opinion
Price:8.43
Weird
Mon 18:18
First time I've logged on since Thursday so not quite sure what posts you have missing - my guess is it's the normal personal drivel we are used to seeing on iii

So Chariot - Now Malcy has given his summing up and called here dead money for a year what's next - 3D's CPR's - we've all seen how that affects the SP - other than a few wet patches from our ramptastic gang very little else..

Time to hunker down 12 to 15 months will fly by I'm sure ; ))

MR
Wheep0
Posts: 508
Off Topic
Opinion:No Opinion
Price:8.43
RE: I
Mon 17:42
Love jam...going to be lots of it wee man......
Wheep0
Posts: 508
Off Topic
Opinion:No Opinion
Price:8.43
RE: I
Mon 17:40
Getting posts removed again I see wee man......so funny...

No us, keep telling you, you just don't get it though, selling other people's shares that you have borrowed like you do does not make you a shareholder of a stock..
FQ320MR
Posts: 4,297
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.43
I
Mon 17:12
See nothing has changed here more jam for someone near too us maybe - that should help this year's dead time no end

Dead money needed here and quick or it dive dive dive time

What you say wheepo says £1.50 this year and he's an expert - good luck his last few attempts on prediction have been comedy genius. .Q3 big news Q4 even bigger news ..lol

MR
Oiltap
Posts: 1,807
Off Topic
Opinion:No Opinion
Price:8.375
View Thread (3)
Brazil - III - next door
Sun 12:53
Petrobas to resume drilling in Barrerinhas basin in April.
See.
http://www.upstreamonline.com/hardcopy/1177581/petrobras-plans-return-to-barreirinhas-basin

Chariot expecting to get results of 3D seismic in Brazil soon.

Jimmy




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