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Great broker note out today from cavendish - 57 p price target
I would be happy with 25 p over the next 12 months
Great time to top up
They estimate gas worth USD 200 m in Loukas alone….
Got in this morning as could see things were starting to move.
Fingers crossed that things go well.
Good luck.
Anyone know how posts get deleted on here? I think some missing from yesterday
Decent buys this morning at 9.24 but no change in the sp as there have been no AT trades so far. Hopefully on yesterday’s news we can end the week above 10p.
We can whinge & moan about the company about this n that, moan every day about the SP, biyatch about each other and our views.
BUT the drill bit is now spinning, the seismic etc only gives best indications, drill bit always rules the results, and this is likely the most active year Chariot will ever have, both on shore and off shore, any success on shore is located extremely well for quick turnaround to get it producing to market.
Lets try focusing on the prize, that will hopefully transform the SP on success. Not long to finding out !!
Just banked $10M courtesy of FTSE 250, Energean farming in on CHAR's big gas and plenty more to come as further milestones get reached as they move towards production. Energean the operator.
2 imminent CHAR onshore drills one of which having just spudded and on the same geology as the Loukos find that's attracted in Energean.
Green Hydrogen arm
Transitional Power arm also and with a Strategic Review ongoing and US Bank Stifel have that part of the business alone as worth circa 10p alone.
https://www.proactiveinvestors.co.uk/companies/news/1043383/chariot-transitional-power-business-potentially-worth-10p-a-share-american-investment-bank-1043383.html
Its no wonder khazakstans secret billionaire just upped his stake in the company.
Cheap as chips imvho
Miracles can happen
Bridgedogg
"What a horrible day. Spud news….and nothing"
I did warn you and all like a broken record
Little spike in the morning at best on spud news then back to base by cop
When you know you know
I wish it was the sell on news brigade but it’s clearly the seller who hasn’t gone and isn’t letting up.
The sell on news brigade should be cleared by now and the rise towards drill completion can start tomorrow.
What a horrible day. Spud news….and nothing
“Given the volume the last two days somebody maybe had some advance knowledge of the SV101 moving from SDX to Chariot.”
What good its done them and us for that matter 🤔
Great news that they have spudded.
Given the volume the last two days somebody maybe had some advance knowledge of the SV101 moving from SDX to Chariot.
Looking forward to this drill (and the next) adding to the existing vast resource and an exciting next four months or so.
I agree with you billy
Might this be the RNS to break the curse of finishing down on the day after receiving positive news 🤷♂️Fookin hope so 😉
Chariot may need the rig for longer if they have to sidetrack or for some other reason.
If i had a quid for every broker forecast that has proven correct i would be worth very little
“ The 5 analysts offering 12 month price targets for Chariot Ltd have a median target of 39.12, with a high estimate of 57.48 and a low estimate of 35.12. The median estimate represents a 335.59% increase from the last price of 8.98.
Let’s not forget we are drilling the big offshore prize in Q3. So close now and all coming together.
What I like about today's RNS is that they didn't try to fluff the market with too much info, no X of the rig being set up, no pre spud news. meaning like, the rig is moving to site and spud should be within the next week etc etc.
They put out today's news stating the rig has ALREADY spudded, and the geology is already well understood, along with land ops being far easier to keep the bit turning with minimal disruption.
I think they are happy to catch some of the market out asleep, long may that continue.
At long last! Hopefully the seller(s) is done now (will be interesting to monitor the large trades from hereon) and we can finally look forward to some steady and sustained share price growth! GLA
Duncan advised Loukos already has 100 bcf already now identified on the 3d with more to come. really not to be scoffed at that,…
Strong read through for other geologically linked prospects in the Gaufrette area with success potentially unlocking combined Best Estimate recoverable prospective resources of 26 Bcf
If my maths is correct 26 BCF is worth approx around half the market cap of Chariot ?
Would be a great find and could be producing in 6 months….