Member Info for MrJinx

You can tell you're new. Whatever reason Larry has given for the fundraise, you can bet every penny that it'll change. Check out the previous fund raising which was for an 'exciting new venture'. It may wise you up a bit.

It was the first drill in 5 years!!!! I doubt Namibia is getting drilled this year. It's a slow conveyor belt ;)

Lol...because the company that Chariot have paid have got it sooo right up to now :0D)) C'mon E_B, you can't have it both ways. If they drill Namibia themselves, they won't have that safety net. If they farm out, they won't have 300m barrels. Don't forget the £6m p/a operating costs...

Let's also not forget how long our data rooms have been open and still no other farm outs. If that means Chariot drill on their own, it also means they're drilling based on Larrys geo assessments. Just dwell on that for a second....Christ on a bike :oO

Crazy times!!! Lest we forget Larry's credentials as a 'world class' geologist. We now know why Chariot only ended up with a 10% share in this drill. It was the only way he could convince ENI to take it on. The risk/reward had to be worth it on what is now known to be questionable data. 'Three source kitchens' and we find nothing. Not even a trace of hydrocarbons. I could understand poor quality oil or degraded top seals or light oil shows. That would make sense. But NO hydrocarbons AT ALL??? That's just bordering on comical. And there are now new punters on here trying to convince the mugs that Namibia is a diamond, just so they can make their 10% and move on. I see they've all disappeared now it's gone 5.30pm.

What are you on about Early Bird? If prospect S is to be farmed out, Chariot will be giving away at least 60% of those 300m barrels, maybe a lot more. If they don't, then they'll be going into a wildcat drill with no third party verification and funding it all themselves. In the case of failure, Chariot will go the way of TRP in the blink of an eye. Unless Larry goes for another fund raise prior to spud. Which, as we all know, is more than likely. Also, I can't be the only one thinking it's getting late into 18 H1 and still no news on drill confirmation for H2. Do you really think that's a goer before 2019 at least? Chariot and Bottomley will be knocking that particular tin can down the road as soon as he's had his supper tonight.

Early_Bird, you need to take this disappointment in context to Chariot as a whole. The prospects in the pipeline are only that. Except this ENI drill, Larry has achieved next to f-all except failure, misleading fund raises and dilution. No farm-ins, no confirmed plans for Namibia, delayed assessments on Brazil etc etc.

Is no longer a £30m company. £20m at best even with cash. Without a farm-in partner, money in the bank will soon dwindle. Operating costs alone are £6m per annum.

The 10 per cent'ers are in the house! :/

One now has to question the ability of our in-house geologists including Bottomley. It's not that there was any hydrocarbons, there weren't. 'Three source kitchens'? Say whaaa???? Not sure I trust their assessments anymore. No 3rd party verification on any other asset to date.

My average was 8.7p and even I haven't avoided a bloody nose, selling at 8.2p. Keeping my powder dry now until this settles.

Aim4...is English not your first language?

I thought regardless of result, this drill was to be plugged. Maybe I'm wrong...

...the new Rumaila Kid??? Never in the same room at the same time ;OD))

Bugger!!! Off to work I go... :D)))

Unless of course, we won't be... :(

We're all 'gooner' be rich. So lets not be 'growling' today! ;)

Seeing as everyone is having a pop at guessing what's what. I think they've found oil but not in vast quantities or it's poor quality or some other negative variable. The on-going testing is to gather as much information to enable possible other successful drills within Rabat Deep. Didn't Far drill a duster, then on the advice of their partners move the drill a bit further away to a different area and et voila!!! The oil and oil testing may be difficult to factor into the market and that's why we've had no great buying or selling. It's not great news but neither is it a catastrophe. Just my view.

Norskbear - Republic of Cyprus? :D)))) Which side of an occupied island do you think is 'Republic'..? Just asking! ;0)

By all means set out your arithmetic. However, try and avoid attributing value where the 'market' clearly wouldn't. E.g. Brazil estimates.