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@nordell thanks for sharing that with us and it is reassuring to hear, let's hope 18 holds and we can start the next leg up soon. It was good to see there was a slight rise late on Friday afternoon. Chariot of old did use to love Fridays but slightly more than that! RNS Monday morning perhaps : -))
Broker NPV is near enough a quid, you'd like to think this will march beyond that in 24-36 months time... Patience is the name of the game.
Absofeckinlutely loving this weather - enjoy your weekend all, especially those that aren't in at the moment!
Thanks Jimmy. If this hit a quid I could get my nephews on the property ladder. Your research and insight makes me think it could happen.
Hi BBB
You are correct that an increase in reserves will result in an increase in npv , particularly if there is an increase in daily production.
The chariot development plan in the Annual report states there will be two initial production wells followed by a further two wells , which will increase production I suspect in year 2 or 3 .
Assuming the pipeline has the capacity then there would be a significant increase in value . In addition if the two extra production wells were from an anchois satellite prospect it would have tax free status for 10 years, so in these circumstances a 3x increase in reserves could be roughly estimated at 3x the npv.
Jimmy
If reserves X3 does NPV also x3 - or will it be constrained by the projected phase 1 flow rates?
18 is rock solid..
Probably maybe then, perhaps
just to precis what Nordy has to say
1) he remains very bullish due to 'wave 5' but does not predict price
2) probable we move up on CPR rns (you don't say)
3) but could go down to 17.1p or even possible 14.1p, but that is being ultra bearish
In summary, i'd say hedging his bets, but if pushed remains a bull
Thanks Nordy, it is so good to have a bloke like you around, when everyone else is in a stae of flux
What would your target be if we move into wave 5 up?
sorry i confused you there we are holding the 618 on the tend based fib from the top - better show you herehttps://www.tradingview.com/x/Td0hTMTC/
FWIW still very bullish - wave 4 of a 5 wave move and holding support well- trading in a narrowing range and within an ABC correction from the top of wave 4 which we are still in. We are holding the 618 fib of the move from mid may and this is strong support. Now because we should always look at both sides the bearish case...I also see possibility of going to 17.1 and if that does not hold probably 14.1 - but that is very bearish more probable we hold here before a move up to wave 5 - probably on news of the CPR
Try me best Gooner :-))
ref ......"Dan the telegram troll"
.....for any guys out there with a pea shaped brain....read these words
"i have never downloaded the telegram app and am not a member of the CHAR telegram group"
at least one certain muti username poster is obsessed with this Telegram group, jeez
that's because KingWilly is a liar, he doesn't even answer the question, ie why does he have the need of 2 usernames
amd that's me, a Spurs season ticket holder replying to a Gooner, oh dear
As soon as the CPR/farm out is out, this childish behaviour will stop, mind you it's well overdure, even the redoubtable Jimmy must be miffed that it hasn't appeared yet.
I bet , like me, if everyone was being totaly honest, ihey are tuning in each morning at 7.00am .....
Well done kingbill. Try not to let it happen again (-:
Good point Gooner I had forgotten to apply the filter to Dan the the Telegram Troll but will do it now.
Kingbill. I thought you had Danlow on filter?
All this bllx is cluttering up the board!!
@danlowence
Troll: Someone who leaves an intentionally annoying or offensive message on the internet, in order to upset someone or to get attention or cause trouble.
Keyboard Warrior: Someone who posts angry messages or likes to get into arguments on the internet.
Walloper: Scottish term used to refer to an unpleasant person.
Turns out you're all 3 :-))
i am honoured, with you looking at my posting history ....lol
Tell me kingwilly/rodent/weasel, why do you post separately with the names of Kingbilly and SpeedFerret?
PS, at least i only have 1 username and personally, i am NOT a member of telegram group.
I see the Telegram boys are out in force today....
I must've touched a nerve yesterday when I mentioned my suspicions about their private share club :-))
Keep up the good work lads and why not post up another couple of regurgitated links... Yawn
Dan I see you have previous form on these boards from looking at another poster's reply to you in December 2021 on the ADV chat makes interesting reading. Just incase you've forgot about it auld timer I will post it down below for you -
@danlawrence.I’ve just looked at your posting history on here. You’ve posted about 7 times and every one of your posts is moaning.
I looked back through 3 pages of your posts to about June time and that’s all you’ve posted on here, so not a longtime poster as all your posts here are recent.
Maybe try contributing something constructive before criticising the other posters who have engaged here for several months. Or maybe don’t bother at all if you just want to moan.
Looking at the threads/posts on here the majority are on ADV with the occasional off topic thread. It’s not like the board is swamped by cr&p.
Time to place another million shares then QueenWeasel.
Veteran, you are correct, the rodent/kingwilly did ask the very same question yeserday
Obvious in what way?
Did you not ask this yesterday. Bit obvious.