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Https://www.londonstockexchange.com/news-article/CHAR/update-on-drilling-operations/16472061
'Sub-economic'
13 day drill
So presumably rig will be available to PRD in early/mid June, assuming a week with SOU
BRV
Looks like the rig is staying with Char for their second prospect..."and the rig will then move to the second location of the campaign to drill the OBA-1 well at the Dartois prospect in the coming days,"
Chariots of dire 😂
Strong buy here, I see chariot dusted…..
Our prospects much better though….
Hi Nick,
Yep, I was assuming that CHAR's second drill would take around the same time (~13d) which would take us to the end of May. Then 7-10 days with SOU. So the rig would potentially be available to us around mid-June.
Mick - looks like the rig will be back with Pred sooner than expected.
Nothing is certain in this game!
Char hanging on to rig until next target drilled?, do we get it after that?
Im under the impression the RIg goes to Sound Energy and then Predator so im guessing Predator will get the rig late June/ early July
Some takeaways from the CHAR result.
* Nothing is certain in O & G exploration - some individuals were claiming this had 85% cos.
* 3D seismic is not the be-all & end-all of exploration methodology.
* Don't believe the pundits - Malcy still has this on his bucket list.
* Don't believe the company brokers - Cavendish have maintained their 57.5p target.
* Don't believe the 'experts' here, such as the one who 'knew' that this drill would take 26 days.
Buddha was right when he said "Question everything you are told, including by me"
Always DYOR - after all, IYOM (it's your own money) and other people want to get their hands on it.
Wise words Keith.
One thing is for certain
We will find out how this plays out!
Guessing your weapon of choice is the stiletto Keith
🦘🦘🦘
Ford
Seems we will but be good to know a bit more about the when. To me it makes sense to get SV101 after Chariot, drill MOU-5 then let Sound have it while results are analysed/options considered.
I hope SJ prep now well advanced
So many things have happened and I believe the company has done its best re getting this done as quickly as they can and with good strategy.
They have worked their socks and have put their own money on the line.
You couldn’t ask for anymore imo.
We got messed with Trinidad and we would have been earning money for some time if we weren’t.
We have ended up getting more out of it long term imo but yes it has prolonged the plans.
Ireland has been a constant battle but they really need to sort themselves out there and I believe they will this year.
We have had hold ups with Morocco but Paul and Lonny have a blinder so far imo.
Paul mentioned before that it took time to understand things after drilling mou 1 and they have clearly plotted their way along each time gathering more information and strength.
Couldn’t be happier at the moment and I think the next few weeks in Morocco could be really interesting in terms of chariots next drill and the work predator will be doing.
Wise words from someone who himself has predicted nothing correct so far
GRH tweet from earlier this month.
https://twitter.com/GrahamHengland/status/1786291229090627822
Continuing drivel on LSE re who gets SV101
And in what running order
💥 I want PRD to use it last in sequence💥
As I have banged on for years...
💥Guercif is monstrous💥
#PRD
Lancey
Thanks I'd seen GRH tweet - we aren't funded for an endless drill programme. Hence probably better to get before Sound and option it after them giving BoD time to calrifynl route forward if drilling is a success.
IJWT
Why do you think SOU would step aside from their contract and let PRD have it next? If PRD did something likewise for a competitor I would not be happy.
SDX in their recent investor presentation stated they have three wells in the second half of the year before they bring a new rig from Canada in 2025. So sv101 potential already has three months of the second half of 2024 booked by just SDX plus whatever CHAR and SOU may have planned so availability in the second half of 2024 may be limited anyway.
Gudin
You probably don't know any better than I whether Sound has it booked first or PRD (I know what Graham at Sound has said about it hopefully going to them after Chariot). One of the problems with opaque comms and dates slipping.
If we have the opportunity first I'd take it first.