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CHAR Share Chat - RSS Feed

Chariot Oil Share Chat (CHAR)



Share Price: 8.25Bid: 8.25Ask: 8.50Change: 0.00 (0.00%)No Movement on Chariot Oil
Spread: 0.25Spread as %: 3.03%Open: 8.50High: 8.50Low: 8.11Yesterday’s Close: 8.25


Share Discussion for Chariot Oil (CHAR)


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Snott
Posts: 334
Off Topic
Opinion:No Opinion
Price:13.00
Poll
9 Oct '14
I read the link you posted and it didn't suggest a drill in Morocco in November nor any timescale at all for that matter. Cairns half-yearly report (June 30th) say it will drill a non-operator well off north west africa after the next Senegal well 'withing the next 12 months." Cairn only has non-operator wells with Chariot (C19) and Kosmos (Cap Boujdour) off north west africa. Kosmos' presentation dated October 2014 says it plans to drill its Moroccan (Cap Boujdour) acreage in 2016. That only leaves Chariot's acreage in Mauritania as Cairn's non-operator option off north west africa. See page 5 of Cairn's report and page 12 of Kosmos' presentation if the links below work.
http://www.cairnenergy.com/index.asp?pageid=758&year=latest&ref=inv
http://media.corporate-ir.net/media_files/IROL/23/238878/RBC-London-10-07-2014-v4-compressed.pdf
 
Pegasusmarine
Posts: 951
Off Topic
Opinion:No Opinion
Price:11.88
FAR - Senegal
8 Oct '14
And FAR also just has a notification of increase from 7%to 10% .... Good times ahead IMO
Pegasusmarine
Posts: 951
Off Topic
Opinion:Strong Buy
Price:11.88
Senegal - FAR - ASX
8 Oct '14
FAR - one of the junior partners with Cairn - share price up 45% today. The reason for the subdued response is because Cairn have yet to call it commercial but have hinted strongly that it is. Once it is declared commercial then happy days. The India tax issue is also hanging over Cairn's share price ..
Pegasusmarine
Posts: 951
Off Topic
Opinion:No Opinion
Price:11.88
Poll
8 Oct '14
I hear you :-). My opinion is that to get a committment on acreage valued at zero would be a positive step - a good step forward. We might just get a surprise However.. There will also be three drills next year in Namibia.

Morocco is very likely to drill next year so I will also be accumating more each month.

Wheep - was there any hints on Namibia on your email exchange with Larry ?

Thanks
poll
Posts: 700
Observation
Opinion:No Opinion
Price:11.88
Pegasusmarine
8 Oct '14
I agree but what type of a deal will be done on Namibian centrals? In my opinion I think it will be commitment for 3D seismics and an option of a free well carry at a later date. We all know what the current market would make of that!!!

I've always been optimistic here but I'm starting to become realistic as well. I ll keep on adding until we get a firm drilling schedule which in my opinion will be sometime in 2015.
Pegasusmarine
Posts: 951
Off Topic
Opinion:No Opinion
Price:11.88
Poll
8 Oct '14
I am also speculating that Cairn will not hang around on the mauritania farm-out given the success in Senegal. Companies time horizons are different to AIM PI's etc
Pegasusmarine
Posts: 951
Off Topic
Opinion:No Opinion
Price:11.88
Poll
8 Oct '14
We should get the long awaited namibia pattering news this q4. Finally ... ! :-)

How much free float do we have ?
poll
Posts: 700
Observation
Opinion:No Opinion
Price:11.88
Snott
8 Oct '14
I don't think it will be Chariot. Cap Boujdour drilling planned for November this year:

http://www.middleeasteye.net/in-depth/features/us-oil-company-set-violate-international-law-western-sahara-883955500

I'm planning on another 6 months of averaging down before the excitement begins. Anything sooner will be a bonus but can't see it IMO.
FQ320MR
Posts: 2,105
Observation
Opinion:No Opinion
Price:11.88
Well
8 Oct '14
There's the dip back I half expected almost a double bottom but not quite

MR
Snott
Posts: 334
Off Topic
Opinion:No Opinion
Price:11.88
View Thread (2)
RE: Kosmos
8 Oct '14
......and they'll also offer some very competitively priced last-minute deals:
http://www.cosmos.co.uk/offers/holidays/last-minute-deals





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