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RNS VIDEO: Reabold Resources #RBD raise £6 million and take stake in Danube Petroleum


Chariot Oil Share Chat (CHAR)



Share Price: 13.75Bid: 12.50Ask: 13.75Change: 0.875 (+6.80%)Riser - Chariot Oil
Spread: 1.25Spread as %: 10.00%Open: 13.75High: 13.75Low: 13.75Yesterday’s Close: 12.875


Share Discussion for Chariot Oil


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leapfrog
Posts: 3,868
Observation
Opinion:No Opinion
Price:12.875
March
Sun 22:04
Nobody said February or April either.
Early or late March is March is it not?
Some prefer to stay long,others prefer to trade closer to drill date as the sp usually moves positive by several points.
Depends on individual trading philosophies.
 
CityTTrader
Posts: 202
Off Topic
Opinion:No Opinion
Price:12.875
RE: April?
Sun 14:36
Nobody has ever said late March. It has always been March.
One of the prior drills may not happen due to being in disputed waters so the drill could possibly take place in February.
That would catch a few out if they leave hoping to return cheaper.
leapfrog
Posts: 3,868
Observation
Opinion:No Opinion
Price:12.875
April?
Sun 14:02
So from the latest announcement by LarryB drilling late March at the earliest followed by more in Q3 probably Q4.
If ENI drilling of Rabat deep1 well on the JP 1 prospect is successful the sp becomes a different story.
So some 2 or 3 months to wait for spud news confirms my belief in prior sp drift as most will not leave money being idle here when it can put to work elsewhere.
My impression is the March expectations are a bit tight because of the ships prior 2 drill schedule having to encounter no delays so no problems an April spud.
DrillaHill
Posts: 299
Off Topic
Opinion:No Opinion
Price:13.25
View Thread (2)
RE: Have not read
Fri 07:10
Searcher - what I found most interesting is the following (06:42):

https://www.youtube.com/watch?v=4qOp2D8Ko4k&feature=youtu.be&app=desktop

CEO: "We’re looking to drill prospect S in the Central Blocks in the 2nd half of next year, there’ll be third party drilling at the same time so we’re in discussions and negotiations with them to see how we can synergize these programs to reduce those costs even further. Prospect S is a 300 million barrel prospective resource net to Chariot and there are another 6 prospects that will be derisked by that, another 1.4 billion barrels in that portfolio."

the only third party Drilling in Walvis Basin to be done in 2H18 is the Cormorant well by Tullow Oil and ONGC, so we're currently in talks with them.

http://www.oedigital.com/drilling/rigs/item/16613-tullow-plans-namibian-probe-for-september-2018

Our prospect S (Central Blocks) is 4 times greater (459mmbbls) compared to Cormorant (124mmbls) and our follow on potential is 2.5 times greater (2.2bnbbls). Also the chance of success for S is very high with 29%. We estimate costs to drill S to be as low as US$20m to US$25m. Tullow estimated costs to drill Cormorant to be ~US$35m. Discussions and negotiations with Tullow & ONGC to reduce those costs may also result in a farmin of Tullow and ONGC to our Central Blocks.

Exciting
leapfrog
Posts: 3,868
Observation
Opinion:No Opinion
Price:13.25
Desperate
Thu 23:28
I like yr strategy,even complicated ;-) exactly the same as mine,the drift off between yesterday and today was 1p on the ask.,

I don't expect the drift to continue at that rate although it will continue,unless of course further news arrives giving another JV etc.,

Week after next I'll set my alarm at 8p or earlier !
Searcher
Posts: 37,462
Research
Opinion:No Opinion
Price:13.25
Have not read
Thu 20:29
The boards for a few days so not sure if this has been posted

https://m.youtube.com/watch?v=4qOp2D8Ko4k&feature=youtu.be
Speedy23
Posts: 55
Off Topic
Opinion:No Opinion
Price:13.50
RE: Desperate
Thu 14:18
Chaz, leave FQ alone.....!!
ChazC
Posts: 453
Off Topic
Opinion:No Opinion
Price:13.50
RE: Desperate
Thu 14:15
Yep i sure do so then i can purchase cheaply and when the price rises pre drill in Q1 i can sell shares for a profit.
Complicated strategy i know. keep up
growler1664
Posts: 2,095
Off Topic
Opinion:No Opinion
Price:13.50
RE: Desperate
Thu 13:53
These rampers don’t know whether they’re coming or going......

At least on red days they refrain from posting. Every cloud......
Goonerpete
Posts: 2,175
Off Topic
Opinion:No Opinion
Price:13.50
RE: Desperate
Thu 13:46
You want this to drop even further?! Jeeeeeeeez




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