Member Info for Matrix420

Perhaps some leaks around unfavorable news on Thursday regarding Energeans Angola deal?

Lost the exact same amount, worth less than £12k now

Nearing the end of next week is when we expect more updates on the drill

I was at the session, had a chat with AP and the board and participated in the Q&A. What would you like to know?

I live in Switzerland and am entitled to the open offer through IBKR. Anecdotal evidence, yes, but residing outside of the UK certainly doesn't prohibit you from the open offer.

I gave them a call about a similar issue I had. I'd reccomend that.

bigguboi, I was able to oversubscribe on IBKR. I was capped to about 120% of the amount I was entitled to. You have to enter the precise amount of shares you're entitled to in the first subscription box, then you can fill out the field below.

All right Bob, we're done here.

Alright, since you haven't provided any proof or sources to substantiate your claims, I'm assuming you don't want to have a sincere and civil conversation about Chariot's costs of development, that's fine, no worries there. Perhaps people will now take your anecdotal evidence and insults to their intelligence less seriously.

Your argument for a 300% increase in upstream capex in one year is a 13 year old article about hyper-inflation in Zimbabwe?

CEObob, the article below describes the current upstream cost situation for Norways north-sea drilling activities. It dates from January 2022. Those prices are similar to today, if not lower. They have determined a 5-20% increase in costs, with the main culprit being inflation, but also supply chain issues and logstics. Their total costs increased from $91 billion to $97.5 billion through 2026.
https://www.offshore-energy.biz/subsea-tie-back-leader-facing-inflation-driven-cost-increase-of-6-5-billion/

Next, Permian E&P forecasts a 15% increase in capex through 2022. I won't bother you with the details:
https://www.naturalgasintel.com/feeling-inflation-pinch-permian-eps-targeting-further-efficiency-gains/

Third, Enverus Intelligence Research calculated a 22% increase in upstream capex costs in North America: https://www.enverus.com/newsroom/capex-burndown-22-increase-in-north-american-land-upstream-capital-spending/

Another article, detailing the increase in capex by almost 20% in 2022:
https://www.compressortech2.com/news/oil-and-gas-firms-expected-to-boost-capex/8017785.article

Slightly outdated by a few months, Rystad energy expects a 10% increase in EPCI (Engineering, Procurement, Construction and Installation) costs through 2023, due to supply chain issues and inflation: This has likely increased by now:
https://www.compressortech2.com/news/oil-and-gas-firms-expected-to-boost-capex/8017785.article

The upstream O&G industry does not shift operational costs based on fluctuating raw material costs and volaitle commodity futures, at least not in the time frame that Chariot is planning on developing the field.

Please provide your own sources so we can discuss them.

Your numbers are wild Bob. Got a source for all that wild speculation or do you have an agenda?

I've been buying from 7p up to 20p, now hold around 400k at a 14p average. At £1 I'm planning on selling my initial investment and, if everything's going well with the company, let the rest ride to hopefully see dividends paid out. I have no issue waiting 2-3 years for this value to materialize.

4k,

You can't chalk up Petra's failure solely to APs involvement. Petra had a string of problems that oscillated between economic and political crises. Diamond mining and South Africa are both highly unstable industries and countries, respectively. Have a look at this FT article to get a clearer insight into some of Petras problems: https://www.ft.com/content/54cc3c5e-5f37-11e8-9334-2218e7146b04

Todays closing prices on energy stocks cross-posted from the SQZ board. Goes to show we are far from alone in this drop.

Exxon: -7.13%
BP: -5.12%
Arc Resources: -10.43%
Baytex Energy: -9.04%
Birchcliff Energy: -7.27%
Centennial Resource Development: -12.47%
Cheniere Energy: -8.25%
Chevron: -6.17%
Crescent Point Energy: -11.01%
Enerplus: -10.5%
EOG Resources: -10.42%
Gulf Keystone: -9.12%
Ranger Oil: -12.2%
Serica Energy: -11.76%
Transocean: -13.47%
Tullow Oil: -11.62%
VBermilion Energy: -12.65%
Whitecap Resources: -11.15%

You know the drill, buy a stock, it immediately plummets. You'll be in the green soon enough.

Dan, you seldom contribute anything of quality yourself. The only time I see you poke your head in here is to insult chartists. I do not understand this, maybe you've been burnt by chartists before, maybe a chartist shagged your wife, either way, please quit interjecting with insults and provide some sort of constructive feedback. As it stands, I'd rather hear Nordy's substantiated conjectures than your bellyaching.

He is a curious one.

Wres likes to spin his wheels. Volume wouldn't be so low with instis loading up.

Can't believe I'm stooping down to post proof but here you go:

https://gyazo.com/4bb9c80d5bd4e43ef63c4aed60b5af2e
That's an excerpt from the activity statement on my Advance shares.

https://gyazo.com/9e154817c0d73d0fa71dabb79fedea5c
That's my current PnL on my ADV holding, as you can see I've sold almost 2/3s by now, down 95% on the rest

https://gyazo.com/e451b336a38f47fd1dfdef25acc566c6
This is my portfolios YTD performance, started making some money back but am still 50k short of breaking even.

Now that we've put your suspicions to bed, I'm still holding because selling this batch for 1/20th of what I bought it for makes me physically ill. £2k isn't going to help me get back to where I was, might as well leave it in here for a while. Take your condescension and shove it buddy.