Member Info for DelBoi

Mr. Colin Lui , Chairman of APEC Energy Enterprise Limited commented: March 2018. "Whilst the Farm-Out Agreement has been agreed specifically for Barryroe, the parties have also agreed to jointly investigate further opportunities in other licensed blocks offshore Ireland in the future." Given the recent news, could PVR be looking at partnering with the Chinese on Newgrage. Geography it fits well with future developments.

Evening all, shared this on the PVR BB earlier, its probably of interest to you guys too. Ref Barryroa- . PVRs Dr John O’Sullivan updated his LinkedIn profile with a picture and comment last Friday. “Great visit to Cork Harbor this week with COSL to inspect local facilities for the Barryroe drilling programme- many thanks to all our local project service partners for their fantastic welcome and Cork hospitality”. 16 ppl in the photo, including TOR and a number of Chinese representatives. All smiles.

Good afternoon all, been quietly invested here since last December. Very much looking forward to the coming months and dare I say it, years!

Ref Newgrange – I Found a good article posted elsewhere on pock marks and oil seeps which may be of interest to some.

http://www.force.org/Global/Seminars/2015/150408%20-%20Underexplored%20plays/Presentations/Chris_Parry_Oil_Seeps.pdf

Ref Barryroa- for anyone interested. PVRs Dr John O’Sullivan updated his LinkedIn profile with a picture and comment last Friday. “Great visit to Cork Harbor this week with COSL to inspect local facilities for the Barryroe drilling programme- many thanks to all our local project service partners for their fantastic welcome and Cork hospitality”. 16 ppl in the photo, including TOR and a number of Chinese representatives. All smiles.

No disrespect, but your not making any valid points. Just stating an opinion, frustrating as it was, fact is, without the placing the lights were out, with potential for further relinquishment. The resulting placing has left CHAR with 65% equity stake in one of the largest confirmed drills on AIM this year + No more commitments.

Appricate that Goonerpere, apologies if it's come off insensitively ,I can understand the frustration of LTH here who got caught up in the last dilution. Fundamental however, I now see the company in a much stronger position then it was pre RD1 dry hole. $16 million is a small price to pay for prospect S + its follow on potential, given the data they now have available. IMO. CHAR know that and are looking to leverage off that position for partner(s) on their terms. Time will tell, but I'm confident losses can be recuperated here. Ref Brizil, Shell have 1 commitment well in their licence, if I were CHAR I would wait for the result of that well. GLA

Don't be too surprised, approximately £23 million cash, and a £29 million market cap. Fully funded for this upcoming well, in a working petroleum system with a 29% COS. No forgetting CHAR Brazilian licence up-dip from Shell's licence, (who paid $75 million) 3D completed and data room open. No ramps, just facts.

Ref prospect S, " Risk, cost and prize" 4min in, hints towards CHAR position of strength in a partnering strategy for PS. https://youtu.be/88gjfdleVcM

Sells being soaked up today, Took a few more at these prices, can't be many, if any selling at a profit. It's been more than 2 years since the SP price has seen sub 8p. When the oil price was in the $30-$40 range. EV - Assets currently valued at £7m pounds with 84% of the shareprice supporterd by cash.

http://www.azinam.com/wp-content/uploads/2018/03/Azinam_IPWeek_S.Usiku_WEB.pdf

I can think of 3 or 4 other companies with big drills before CHAR, many will be riding those coat tails before they land here. Just a matter of time and patience IMO. CHAR have correlated the prospect S well planning with HRT's non commercial discovery back in 2013, Reservoir, source rocks and sands are presented in our block. The market may have missed this for now, but the renewed interest Majors suggest they havnt. Personally I feel CHAR are in a strong position, holding a 65% fully funded equity stake is very substantial for a company with £29million market Cap. Drill ready, with no further commitments. + the potential in Brazil and Morocco. and 65% equity is huge amout of oil albeit non commercial oil find in the Basin

All good suggestions Mr Jinx, I also sense confidence is high around prospect S, 29% COS is significant. Chariot have alluded to a drill ready team which certainly widens their farmin options, fact Is the majors have all taken up positions around the Walvis Basin, so interest is high in the area. The OPEC production output meeting last week was also significant milestone for investors, oil prices are rallying. Your obviously here for a reason, best of luck getting your entry, or maybe company commentary is just a hobby, must admit your post history is hilarious.

UOG Twitter account today #UOG The UOG Board of Directors running through the year’s achievements today at our first AGM as a listed company Last 12 months have been highly active, successful & rewarding. Shareholders should expect more of the same for the next year as we untap the value in our portfolio Sasha Sethi AGM statement from Graham Martin & Brian Larkin very impressive today. Both very driven & in a short space of time have built impressive portfolio Lot of near-term activity building were stressing growing pipeline of near-term opportunities with significant re-rating potential That should read additional opportunities, as there is already so much in the company to rerate - Jamaica (game changer), Colter, Waddock Cross, Italy (production from Selva 1 and East Selva), Acle, the recently added Crown discovery. There is a lot of value here to be untapped

In the absence of constructive criticism, for anyone interested, take a look at the well results from the 2 wells drilled by HRT in the same working petroleum system as Chariots prospect S (in the Walvis Basin) "Non-commercial amounts of top-quality oil found" "Discovered oil source rock that confirmed the oil potential of the Walvis Basin off Namibia." HRTs 2013 drilling results were both good and bad news for oil explorers in Namibia. On the one hand, it proved that there was oil in the Walvis Basin, on the other hand, it's no use if there isn't enough oil to justify production costs. Its been under the radar since the oil downturn in 2014, I'd argue its easy to understand why Exxon, Shell, and Total are now near neighbours, and well positioned for drilling in 2019. https://www.ft.com/content/be5693d9-8b33-33a1-870e-166596a79527

CEO"Our farm-out discussions are ongoing, strengthened by this well having already been fully funded, and we look forward to introducing new partners to share the costs and also the significant rewards of a discovery on Prospect S, and to accelerate the optional drilling on the transformational follow on potential.”

Just my opinion, I see the price of oil heading back towards the $80 -$90 range short term. Against historical prices $16m is cheap drilling for 65% share of 459mmbbl @ 29% chance of success. To para phrase, For commercial sensitivity reasons the farmin conversation can't be shared and are ongoing. Read from that what you want. I will take your point Mr Jinx that the share price hit lows of 4.9p, @ you say, 50% of its cash value. Oil was on its knees with little in the pipeline. Within 8-12 months however the share price rose to 20p +.

Cash position, last weeks presentation. Slide 3, bottom right corner for the hard of learning. http://www.chariotoilandgas.com/wp-content/uploads/2018/06/Oil-Capital-conference-_14June18_email.pdf

"Cash mean less than zilch."We will leave it at that, best of luck with your investments.

September, expected to take 34 days to reach total depth. CHAR spud in October, as per presentation last week.

83% of the share price valuation is supported by cash Mr Jinx, hardly surprising.

https://africaoilandpower.com/2018/06/19/tullow-pancontinental-to-drill-namibia/