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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


Chariot Oil Share Chat (CHAR)



Share Price: 14.25Bid: 14.00Ask: 14.50Change: 0.00 (0.00%)No Movement on Chariot Oil
Spread: 0.50Spread as %: 3.57%Open: 14.50High: 14.50Low: 14.25Yesterday’s Close: 14.25


Share Discussion for Chariot Oil


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Goonerpete
Posts: 1,822
Off Topic
Opinion:No Opinion
Price:14.25
Wheep
Fri 15:56
Lend me some dough ! Please !
 
Wheep0
Posts: 1,327
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.25
That's 2 buys
Fri 15:51
For me today..
Wheep0
Posts: 1,327
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.25
Looks like
Fri 14:41
Char doesn't like this Friday..
Pretty rubbish stuff going on here...
FQ320MR
Posts: 4,861
Premium Chat Member
Observation
Opinion:No Opinion
Price:14.50
RE: Good
Fri 11:25
To me there are too many interested party's for it not to get the nod - could work out well if it gets it's skates on - as you said profit's in here for next year ?

MR
Goonerpete
Posts: 1,822
Off Topic
Opinion:No Opinion
Price:14.50
RE: Good
Fri 11:14
Hello MR ... You have a good feeling about it ?
FQ320MR
Posts: 4,861
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.625
Good
Fri 11:00
Post wheepo - recommended

Gooner you watch GCM again

MR
Wheep0
Posts: 1,327
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.625
RE: Namibia Southerns..
Fri 10:38
Daywalker.
Correct, this is how licences play out

Stage 1- is a reconesence licence with normally little outlays required perhaps small amount of 2d but certainly no major commitments
Then if the company like the look of what they see, they go for an exploration licence , which is normally 2 or 3 years, thus commits the company or JV to far more spend , extensive seismics and extensive costs and time .
This is where we got to in 2014.... we then relinquished and reapplied as quite obviously they needed more time before being hit with the next stage of licence which is a well commitment or well commitments...

So we relinquished and reapplied and we shor more seismIc and we obligated our exploration licence commitments of doing the work asked by the Namibian govt in that 3 year period..
It was only in the last year of this 3 years ( or combined 6 years ) we seem to have got it all together with drill ready elephant targets, being 11TCF or 2 billion barrels of oil adjacent to the Kudo gas discovery.

So now we are ready to enter the new final we'll commitment stage starting from August 2017, ( which we never got to before as we relinquished and reapplied for another 3 year exploration licence which we got awarded to us) where we will be given 1 or 2 years to actually drill , I believe the commitment will be a single drill but That does not mean we will only do 1 drill, maybe more..

So we have all the sumo we need here in the Southerns and I 100% firmly believe we are in very advanced partnering discussions here.. from August 17, we will have 1 or 2 years to drill a well,

The now very consistent verbiage from the company of " 3 wells in 2 years" says to me we will be drilling the Southerns within 1 year of the commitment stage we will enter in August..
Daywalker66
Posts: 41
Off Topic
Opinion:No Opinion
Price:14.625
RE: Namibia Southerns..
Fri 10:17
Thanks Wheep0, very informative.
Just to clarify, when you wrote 'next stage of either 1 or 2 years where a well commitment will be required' that was not a quote but from your own experience, right?

So we should definitely expect a decisive announcement within the next two months. As we already seem to go ahead in the centrals without a confirmed partner it would be a huge commitment to promise a drill also in the southern block unless we farm out, but the clock is definitely ticking.
Goonerpete
Posts: 1,822
Off Topic
Opinion:No Opinion
Price:14.625
RE: Oil
Thu 21:38
Good stuff... GCM could be gold or dust very soon... I'm banking on gold and I will pump a chunk of profits here,

Fingers crossed ! Good luck.... TLOU on my watch list :-)
Oiltap
Posts: 2,236
Off Topic
Opinion:No Opinion
Price:14.625
RE: Oil
Thu 21:33
5.1 average there .. accumulated loads ... again ;-) still a long way to travel on that one ..




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