Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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….
Imagine the belly aching on other BBs about industry delays. Wouldn't happen here .............
SOU are also saying they are next in line after Chariot i believe all timelines have slipped by at least 2-3 weeks already….
TB, PRD RNS'd that they were drilling MOU5 between 1st April and 31st May using the rig after us. It seems SDX held on to it longer than expected.
Clearly chariot could use the rig to perform a flow test but it’s at a much higher day rate, previous operators have flow tested after the rig has moved off location, got to wait and find out.
I believe there will be two wells drilled by chariot sequentially.
Note the large deep structure in the second well called Navette, which is suspect may be similar to the O sand offshore.
Jimmy
Yup ready to hit the ground running. expect some good moves on anticipation! this is a biggie
Wow. Thought it would say the rig is on the way, but SPUD!! Excellent!
Hi snott, when is the drill due to move on ?
Thanks for the quick response Jimmy. That doesn't give them a lot of time to drill Dartois before the drill is due to move on. Do Char have the option to extend until both wells are complete?
Hi jimmy,
why do you see a CTU for well testing , would they not conventionally perforate on wireline and do a DST ? CTU would only be needed for extensive cleanout and potentially Abrasi jet perfs would it not ?
I guess it will take 2 or 3 weeks to encounter the first target.
Drilling the deeper target may take another week if they have to change the mud system to avoid drilling problems encountered in the deeper reservoir at lnb 1 nearby.
I expect flow testing will occur after the rig has moved off location, using a coiled tubing system. I expect that will be within 1 or two months thereafter. Just a guess though.
Jimmy
Jimmy, how long do you think they will drill and test Gaufrette?
BACK TO 10P PLUS SURELY NOW!!
OHHH NICE
Great news.
My guess is that if the main reservoir target is gas bearing then they will continue to drill the deeper higher risk larger prospect.
Jimmy
Commencement of Drilling Operations Onshore Morocco
Chariot Limited (AIM: CHAR), the Africa focused transitional energy group, is pleased to announce that drilling operations have commenced at the Loukos Onshore licence ("Loukos") onshore Morocco (Chariot, Operator 75%, ONHYM, 25%) with the spud of the RZK-1 well on the Gaufrette prospect.
· Gaufrette Main target has Best Estimate recoverable prospective resources of 10 Bcf
· Option to penetrate a deeper target identified on newly reprocessed 3D seismic data
· 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
· Results will be announced on completion of drilling
Duncan Wallace, Technical Director of Chariot commented:
"We are very pleased to commence this onshore campaign, kicking off the first of our exciting drilling operations for Chariot this year. We also continue to work up the prospectivity across this acreage as we see significant upside both in the vicinity of our high graded well locations and beyond. I would like to thank our operational team for their hard work and efforts in getting this drilling underway within ten months of licence award and ONHYM for their ongoing support and partnership. We look forward to providing an update on the results in due course."
NM
Last post to you today shareholderchar as your constant desire to argue/disrupt (and not just on here) is just boring......🤫
Perhaps you should take a step back and ask yourself why 🥱
Genuinely think you should seek help as I think there may be some unresolved issues troubling you 🤷♂️ 🙋♂️
So what causes this to fall from grace and end up sub 8 when it was 13 in early Dec 2023?
Keep popping up. Loking good. It will soon have a nice run from 10.1.
And you took 15 minutes of your life to type that and you call me sad ! i have already countered gooner on his assumption.. i can assure you and your cronies i am not any exposter here, it makes your narrative all the better to state it….. keep it up , my only hope is you keep wasting those precious minutes you have left stating it…