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Chariot Oil Share Chat (CHAR)



Share Price: 9.15Bid: 9.00Ask: 9.30Change: 0.00 (0.00%)No Movement on Chariot Oil
Spread: 0.30Spread as %: 3.33%Open: 9.00High: 9.30Low: 9.00Yesterday’s Close: 9.15


Share Discussion for Chariot Oil (CHAR)


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Pegasusmarine
Posts: 911
Off Topic
Opinion:No Opinion
Price:10.50
View Thread (2)
New venture
21 Nov '14
I do not believe the new venture and takeover are related. Chariot are carrying on as normal (fast flowers that they are). Natalia says the timelines still stand per the roadmap so it should come soon. However I also think we are a target - and why not - after all we are at cash with some very good acreage .. The fact that aim numptys think its worth nothing is down to sentiment. The real situation is once sentiment turns then this will be on its way... Which is not far off ..
 
preciousmaj
Posts: 87
Off Topic
Opinion:No Opinion
Price:10.50
New Venture
21 Nov '14
It has been suggested on here that the new venture is some how linked to the take over, which I don't believe to be the case. If you look at the RNS of 21st July for the placing and also listen to the analyst conference call that followed on 22nd July it is clear from the information supplied that the company will continue to find partners to farm in to it's blocks. Larry was clear regarding the new ventures in the audio cast, which is available on the website - we were told that:
1.) the company have submitted an application for the new venture
2.) the new venture is in a current country of operation
3.) Very exciting prospectivity
4.) It will increase our optionality in the country

The above doesn't correspond with a company that is preparing to sell itself.
Pegasusmarine
Posts: 911
Off Topic
Opinion:No Opinion
Price:10.50
Consolidating Industry
21 Nov '14
preciousmaj
Posts: 87
Off Topic
Opinion:No Opinion
Price:10.50
View Thread (3)
RE: Take over talk rubbish
21 Nov '14
I'd like to add that it would be really difficult for the BODs to recommend a low offer to the shareholders bearing in mind that companies like Cairn, Woodside and AziLat have valued our acreage a lot higher and would most likely buy the rest of the acreage at higher valuations as we have now gathered more data, which is in the process of being interpreted. E.g. Cairn paid us $24m for a 35% stake valuing our stake at nearly $38m, which the market is not valuing at the moment but if we offered the acreage to Cairn they may give us a lot more than $38m as they will see the potential after their success in Senegal.
Blackfisk21
Posts: 893
Off Topic
Opinion:No Opinion
Price:10.50
View Thread (3)
RE: Take over talk rubbish
21 Nov '14
I think it's just a few PIs who've bought in recently and probably know each other.
preciousmaj
Posts: 87
Off Topic
Opinion:No Opinion
Price:10.25
View Thread (3)
Take over talk rubbish
21 Nov '14
These people who have recently appeared on the CHAR bulletin board are talking nonsense IMO I'm afraid to say. If there was any substance behind the rumours then the institutions would be the first to know and would be buying like mad, looking at the recent share price and volume there is nothing to suggest this. So why have these people appeared on this board? Are they trying to distract us from the main issue about the lack of progress from the company or are they conditioning us to accept a low ball offer like the one suggested here, which the BODs want to recommend to us? It could be either either of these things or something completely different but something is happening for sure.
Blackfisk21
Posts: 893
Off Topic
Opinion:No Opinion
Price:10.50
View Thread (3)
RE: blackfisk
21 Nov '14
73p is when the director's options kick in. You really think that Chariot is currently negotiating a takeover for 35p a share with Sterling? All Chariot needs to do is negotiate a couple of decent tier 2 farm-outs and it should get to 30 odd pence a share by itself.
berniemadoff
Posts: 6,984
Observation
Opinion:No Opinion
Price:10.50
View Thread (3)
blackfisk
21 Nov '14
nobody in their right mind would pay 73p per share for CHAR in this climate, think more along the lines of half that amount mate
Blackfisk21
Posts: 893
Off Topic
Opinion:No Opinion
Price:10.50
View Thread (2)
RE: blackfisk
21 Nov '14
If word is getting around the industry, why isn't the sp moving? Sterling have a very limited revenue stream, their market cap is only slightly higher than Chariot's and they would have to borrow £120 million to buy Chariot out at 73p a share.
berniemadoff
Posts: 6,984
Observation
Opinion:No Opinion
Price:10.50
View Thread (2)
blackfisk
21 Nov '14
they have cash, revenue, so they will be able to borrow





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