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EXCLUSIVE: Robin Young, CEO, Amur Minerals #AMC talks long-term strategy


Chariot Oil Share Chat (CHAR)



Share Price: 8.38Bid: 8.32Ask: 8.46Change: 0.00 (0.00%)No Movement on Chariot Oil
Spread: 0.14Spread as %: 1.68%Open: 8.38High: 0.00Low: 0.00Yesterday’s Close: 8.38


Share Discussion for Chariot Oil


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Jimarillo
Posts: 305
Off Topic
Opinion:No Opinion
Price:8.38
Africa E&P Summit
Today 00:07
 
MrJinx
Posts: 1,164
Off Topic
Opinion:No Opinion
Price:8.26
RE: Cash
Wed 15:35
Strewth! :) Yeah, alright PM. :D)))
preciousmaj
Posts: 850
Off Topic
Opinion:No Opinion
Price:8.26
RE: Cash
Wed 12:35
http://www.chariotoilandgas.com/about-chariot/strategy/

G&A expenses are around $5.0m based on 2016 figures, the final results for 2017 are out on 6th June.
preciousmaj
Posts: 850
Off Topic
Opinion:No Opinion
Price:8.26
Cash
Wed 12:29
We have around $30m in cash and we are fully funded with no remaining commitments. Prospect S is estimated to cost around $15.6m according to Peel Hunt but according to the CEO during the last conference call we are in negotiations to farm out the block, these discussions would obviously reduce our share of the drilling costs substantially, the strategy is zero cost exploration. We have 65% equity in the block and the main prospect in the block has prospective resources of 459m barrels, there is a 29% chance of success, which is very good for the industry. On a risked basis, finnCap values Prospect-S at 23p a share, or almost three times Chariots share price. We have other near term catalysts.
MrJinx
Posts: 1,164
Off Topic
Opinion:No Opinion
Price:8.26
Wtf...
Wed 12:22
:D))))) hahahahaha. So now you're saying it's the wrong type of losses??? You're a joke PM. I've just decided you're a blathering buffoon! :D)))))
MrJinx
Posts: 1,164
Off Topic
Opinion:No Opinion
Price:8.26
Oh,
Wed 12:20
...if you've trawled through my posting history, you'll see I have no 'hidden' agenda. My agenda is out there for all to see including my sp average, my holding, my sell and my sell price which shows a small loss. A loss not worth being vexatious about. I also stated my on-going position and stated my buy back in price, with my reasons. So you see PM, you're twisting truths to suit your agenda. I'm as open and as honest as they come pal. :)
preciousmaj
Posts: 850
Off Topic
Opinion:No Opinion
Price:8.30
RE: See PM...
Wed 12:16
Pmsl no they are distractions from your original statement, you could have highlighted these facts from the accounts when you originally made the false statement about the annual overheads and we could have discussed them but you didn't.
preciousmaj
Posts: 850
Off Topic
Opinion:No Opinion
Price:8.30
RE: 'Don't get personal...'
Wed 12:14
When did we start discussing the whole profit and loss and balance sheet? Your comment that overheads are £6m per annum is untrue and has been proven to be exaggerated, carry on going around in circles attempting to prove me wrong.
MrJinx
Posts: 1,164
Off Topic
Opinion:No Opinion
Price:8.30
See PM...
Wed 12:13
...facts!
MrJinx
Posts: 1,164
Off Topic
Opinion:No Opinion
Price:8.30
RE: 'Don't get personal...'
Wed 12:09
Lol...you're desperation is stinking up the room PM. Nearly 1200 posts and still, the only one you can pick fault at is an estimation of expenses. In fact, going by the latest presentation of full year accounts which is the arse end of 2017, the overheads/expenses/losses depending on your terminology are way in excess of your $5m. What is stated is a sentence in the 'Final results of 2016' relating to the reduction in staff and board members which states, 'This restructuring has enabled Chariot to cut its annual cash overhead, before any recovery from partners, to US$5.0 million down from US$9.4 million back in 2013....' This does not include 'other' operating losses PM and I think you're a little confused. The figures I gave earlier, and they're freely avsilable on Chariots website, show a loss of $14.5m. At an exchange rate of 1.34, that's £10.8m. So yes, I was wrong PM, the losses are way over the £6m i 'estimated'.




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