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You see why I come to you ? Because you are the man that can ... and more importantly does ... What a finish and what a week ... The PF is scaring me I have to stop and run but not just yet ... Regards SD77
It's that time again dude, getting quite excited as she finished 4p off the 52 week high and some talking of a golden cross ? That one went over my head though ... His post ... .... at the moment (since Sept), shorter moving averages have crossed longer moving averages (an upward trend, this is also known as a golden cross). Bands are also showing an upward resistance trend level (currently 140 tested twice and rebounded). The wires off and the slightest sniff good news and this bottle of Bolly’ will blow. ------------------------------------------------------------------------------ Would appreciate your views as always ... Regards SD77
Good call dude ... 146 went and boomtastic .... Over 2M traded here and plus so expecting some news in the morning very abnormal size volume after a quiet open something has got out IMO ... we have an option of 4 pieces of news it could be each one a potential big un ... Regards SD77
We are sitting on what was the lead ceiling, we had the two 141p+ finishes that convinced my untrained eye that we could be wanting to break to a new trading range but I as you know know little of charting so please educate the uneducated me on what i should be thinking round about now .... With 3 pieces of what I can only describe as HUGE news awaiting us in Q4 .... CPR - Farm out - Acuisition/s I am more than convinced this is 200p+ by year end but would appreciate any views from the chartist prespective ... Regards SD77
http://www.chron.com/disp/story.mpl/ap/business/7226822.html SINGAPORE — Oil prices rose to near $81 a barrel Friday in Asia as traders bet improving signs from the U.S. economy signal a growing appetite for crude. Benchmark oil for November delivery was up 61 cents to $80.59 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $2.11 to settle at $79.97 on Thursday. Oil investors took heart from a decline in first-time claims for jobless benefits and an improvement in Chicago region manufacturing activity. The government Thursday also raised its second-quarter estimate of gross domestic product growth to 1.7 percent from 1.6 percent. A drop in commercial crude inventories of 500,000 barrels last week, announced by the Energy Information Administration on Wednesday, also boosted investor optimism. Analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had forecast an increase of 2.2 million barrels. "Oil is still riding the wave of the supportive EIA report," Ritterbusch and Associates said in a report. "We still view the $80 area as the approximate high side of about a $10 trading range that could remain intact through most of the fourth quarter." Crude prices have zigzagged in the $70s for most of the last year, with short-lived peaks above $80 undermined by an uneven economic recovery in developed countries. Some analysts expect strong crude demand in emerging economies, such as China, will help push prices higher. "Oil prices slowly but surely appear to be breaking away from the shackles of macroeconomic influence to refocus on market-specific fundamentals," Barclays Capital said. In other Nymex trading in November contracts, heating oil rose 1.36 cents to $2.281 a gallon and gasoline gained 1.23 cent to $2.048 a gallon. Natural gas fell 2.8 cents to $3.844 per 1,000 cubic feet. In London, Brent crude rose 47 cents to $82.78 a barrel on the ICE Futures exchange
http://www.rigzone.com/news/article.asp?a_id=99268 Total announced that its subsidiary, TEPA (Block 15/06), Limited, and its partners have made a new oil discovery in Block 15/06 with the well Cabaça SE-1, in the Angolan deep-offshore. The well, located in 470 meters of water depth and 100 kilometers from the Angolan shore line, encountered significant gross thickness oil bearing reservoirs in the Miocene series. Volumes estimates suggest that Cabaça SE could hold substantial volumes of oil in place, with a potential yet to be confirmed. An appraisal well is planned to be drilled in the third quarter 2010 with the objective of delineating and testing this oil accumulation. Cabaça SE-1 is the seventh exploration well drilled in Block 15/06 since the block award at the end of 2006. The eighth well of the exploration drilling campaign (Mpungi-1) is currently being drilled, and it will complete the work commitment of the first exploration period one and a half year in advance of the contractual period. The exploration effort of the Block 15/06 partnership has reached a remarkable rate of success with six commercial discoveries out of the seven prospects drilled to date. TEPA (Block 15/06), Limited, holds a 15% interest in the Block 15/06, operated by Eni. Total Exploration & Production in Angola Total is present in Angola since 1953. In Angola, Total operated 491,000 barrels oil equivalent per day (boe/d) in 2009, and its SEC equity production amounted approximately 191,000 boe/d. This production comes essentially from Blocks 17, 0 and 14. Deep offshore Block 17, operated by Total with a 40% interest, is Total's principal asset in Angola. It is composed of four major zones: Girassol-Rosa and Dalia, which are currently producing; Pazflor, a project under development for a production start in 2011; and CLOV (based on the Cravo, Lirio, Orquidea and Violeta discoveries), a project for which the final investment decision should be taken soon. Total is also the operator with a 30% stake in the ultra deep offshore Block 32, on which 12 discoveries were made, confirming the oil potential of the block. Pre-development studies for a first production zone in the central south eastern portion of the block are underway. In addition, the Angola LNG project for the construction of a liquefaction plant near Soyo is designed to bring the country's natural gas reserves to market. This project, on which Total holds a 13.6% stake, will be supplied, in a first step, by the associated gas from the fields on Blocks 0, 14, 15, 17 and 18. The plant is under construction with production expected to begin in 2012 SD77
http://www.rigzone.com/news/article.asp?a_id=99423 The partners in block 15/06 announce a successful oil discovery in the Cabaça South East-2 well in block 15/06, located offshore Angola. "I am very pleased with the successful discovery in block 15/06. This illustrates that this profilic basin will continue to deliver significant volumes to Statoil, also in the future," said senior vice president for Statoil's Global Exploration, Tim Dodson. Statoil holds a 5% stake in block 15/06, which has proven to be an important venture for the company enabling Statoil to deepen its knowledge of the deep water reservoir in Angola. "To date seven out of eight exploration wells have been commercial discoveries, which proves that our exploration activities carried out so far have been a success," said Dodson. All exploration activities have been carried out in full compliance with safety and environmental protection standards. The Cabaça South East-2 well, located at a depth of 470 meters, at a distance of about 100 km from the coast, successfully appraised the Cabaça South East discovery. The well was drilled using Saipem's semisub Scarabeo 7. During production tests, the well flowed high quality 34° API degrees oil at rates of about 7,000 barrels/day. The rates were limited by surface facilities. Evaluations indicate that the appraisal well has increased the initial estimate of oil in place for the discovery by 30% and that a second productive hub in the North East area, which will double the expected production of block 15/06, is now a reality. Eni will work together with Sonangol and partners to accelerate the development of this second hub. Eni has a 35% working interest and is the operator in block 15/06, while Sonangol E&P is the concessionaire SD77
http://www.offshore247.com/news/art.aspx?Id=17560 Ocean Rig owner DryShips has signed a four-well drilling deal offshore West Africa next year worth US $135 million. Dryships stated rthat the deal has been finalised with an un-named US exploration company for a firm four-well drilling contract offshore West Africa totalling 300 days with its subsidiary Ocean Rig UDW – Ultra Deepwater. Commencing in either the first or second quarter next year, Dryships said the deal is still subject to finalisation of documentation but company chairman and chief executive Mr George Economou said the deal will secure work for one its two new drillships which are due to be delivered from Samsung in the first quarter next year. “This will serve as a catalyst to securing bank financing on preferred terms,” Economou said. “We continue to see strong interest for our state of the art sixth generation drillships operated by our experienced ultra-deepwater operator Ocean Rig.” Thanks go to Ladderrack on iii for the find ... what a great indication of what lies ahead ... Just the start ? You bet this is the beginning of the rush and every piece of news adds weight and the more weight the more press, the more press the more CHARBOOM .... Starting to bubble nicely folks ... SD77
Afternoon Mr Charts, just wondered if you had an opinion on IOF, very quiet boards but IMO undervalued and about to go some soon, the recent 23p afforded me a chance to get in and wondered if you can see the bottom being tested again here before any move. They have come through a transitional year and have been hammered by the market but with production on the horizon and an update imminent would appreciate your thoughts for this forgotten and unloved share ... Regards SD77
Thanks for the post, well the Tuesday slight pullback (1p) came and with the AGM on Thursday expecting some volume tomorrow so does your theory still stand ? We emailed CHAR a while back and they said the seismics will be out in a couple of weeks and that is anytime now, I'm thinking if they announce Wednesday they will have a lot of happy shareholders through the door of the AGM, these seismics are the "excellent - better than expected" seismics for the Northern Blocks and we still have more to come later in the year for the updated Central and Southern ones ... Cheers buddy .... SD77
http://www.investis.com/chariot/docs/unlocking_africaoil.pdf SD77
THE IMPORTANT NUMBERS ... http://www.chariotoilandgas.com/chariot/images/pprvf.png SD77
HRT hit UNX, so the question is .... Who's coming for Chariot ? The Russian ? The Chineese ? The Indian ? The Brazilian ? The mind boggles but they are all BIG in stature and budget, already have the fourth largest oiler in the world already on board but do they want more ? Of course they do but is someone else going to make a move on a T/O first ? CITIGROUP have aquired a vast amount in a silly short space of time and they don't come any bigger ... place your bets, going to be interesting for sure. 127 - 134 range will be broken this week IMO but which way ? SD77
The HRT & UNX News is like having an RNS for Chariot in my eyes ! Why ? IHRT are splashing the cash to UNX, and they are so excited about ... ... The three blocks are contiguous, and are positioned immediately west and diagonally southwest of the large Kudu gas discovery, located in the southern portion of the Namibian offshore leases in what is geologically known as the Orange basin ... They must be confident, of what they are looking at .... Hmmm, if only we could find a similar company that say had a block next door, you know to Kudu, one of the worlds largest finds, and even better if they were being bought up by Citigroup, and to top it all off if you could buy their shares for just over a quid and sit back and watch them explode over the coming months ... Well you would wouldn't you ? Buy them that is ... I know I would ... Shall we call a strong BUY ? Think it's time ... Hang on tight and BUY the dips because there will be some and know one thing, this is a cheap entry point trust what anyone may say, I say this is going, where to ? Who knows but the rocket leaves soon, got enough tickets ? Nope, not been drinking ... LMAO BOOOOOOOOM followed by WOOP WOOP ... SD77
One of the circling seagulls has struck... CALGARY, May 17 /CNW/ - Universal Power Corp. ("Universal" or the "Company") announced today that it has been awarded a Petroleum Exploration Licence ("PEL") for the offshore Namibian blocks 2813A, 2814B, and 2914A by the Ministry of Mines and Energy ("MME") of the Republic of Namibia. Universal will have a 40% working interest in the blocks; HRT O&G Exploração e Produção de Petróleo Ltd. ("HRT O&G") will have a 40% working interest, and Acarus Investments (Proprietary) Ltd., will have a 20% participating interest. The designated operator of the blocks is HRT O&G. "This award adds three strategically important blocks to our portfolio and is being done in partnership with HRT O&G, the world's premier experts along the offshore South Atlantic margins," said Mr. Gabriel Ollivier, President and CEO of Universal. "Given the extensive field work we have conducted in assessing the regional and lease-specific prospectivity of the Orange basin, securing blocks 2813A, 2814B, and 2914A is key to our regional land position, which now stands at over 42,000 square kilometers of contiguous acreage." Mr. Duane Parnham, Universal's Chairman said, "These blocks add to our growing asset base with an agreement that enables us to partner with the company that predicted some of the world's largest pre-salt oil discoveries. HRT O&G's experience and expertise in techniques that maximize the probabilities of success materially adds to the likelihood that we will succeed in finding Namibia's large offshore oil pools. In addition to mitigating exploration risk, Universal's partnership with HRT O&G will significantly reduce our net risked capital exposure by sharing costs associated with the data acquisition and scientific work that will precede the drilling of any wells. HRT O&G also brings strategic relationships with many of the world's major oil and gas companies that could lead to further partnering opportunities." About Blocks 2813A, 2814B, and 2914A The blocks collectively span an area of 15,382 square kilometers (1,538,200 hectares, or 3,789,094 acres). The three blocks are contiguous, and are positioned immediately west and diagonally southwest of the large Kudu gas discovery, located in the southern portion of the Namibian offshore leases in what is geologically known as the Orange basin. In addition, the three blocks link to Universal's 90%-owned 2713A and 2713B blocks to the north, and 90%-owned 2815 to the east. The PEL for blocks 2813A, 2814B, and 2914A has three phases, with the agreement effective May 14, 2010. Phase 1 spans four years, with work program commitments focused on assembly, interpretation, and mapping of existing 2D and 3D seismic data followed by new acquisition of seismic data. Additional techniques may also be employed that will add to detailed satelli
Very, very interesting move by HRT and nice timing....can you imagine if Petrobras announce intent to drill on Wednesday? It's an interesting point that you raise Si, did HRT pull out last year because there was a conflict of interest? IMO, you've hit the nail on the head. What's also interesting is the release of data to Char by HRT earlier this year after they dropped their case for $11 million dollars compensation. The timing of the HRT release and the fact they gave Char the data for nothing earlier in the year makes me think that Petrobras were in the background doing some sort of deals. One could speculate that pb are giving HRT an inside edge to thank them for bringing Namibia to the attention of Petrobras. Now HRT are just sitting back and waiting for the uplift from Petrobras announcing their intent to drill in 2714. Who ever has been playing the shares today was playing a tight game. I think they thought about a treeshake, but got worried in case it was going to backfire. I think there was a half hearted attempt at shake at the close of play, but somebody was in the shadows to hover them up. My guess that was their last play before the big announcement. Could we see a late bid for some chariot tomorrow? Glad I've got my ticket for the show as it unwinds. Got to admitt that this is all speculation on my part and I could be shooting shait.....which is likely.
Dear talltony, Thank you for your email – please find the latest list of Chariot’s major shareholders as below. Kind regards, Annabel Significant Shareholders: % Westward 16.2 Protech Namibia 15.1 Citigroup 10.7 Generali 5.6 Libra Advisors 4.0 Board 1.9
WOOP WOOP ! We still don't have the news here yet and there is potentially another 4-5 pieces that weill just keep this Chariot rolling. In the realms of seriously scared to open the Investment Account territory. I came here with 10K looking to make 100K, I hit that and 200 and 300 just zipped by, need to seriously consider walking away whilst I am this far in front but feel compelled to stay as there IS so much more to come here ... Happy but worried all in the same emotion ... Hmmmm SD77
Two scenarios in my head as of now, I think the likeliest news to break will be the aquisition news before any other. As previously discussed in the last few days the paragraph where the CEO talks of PRIMARILY aquiring makes you think that they are after more than just one aquisition which is also justified by the last paragraph of the Oilbarrel statement posted below .... .http://www.oilbarrel.com/nc/news/display_news/article/two-thousand-and-ten-looks-set-to-be-key-year-for-chariot-oil-gas-as-it-seeks-farm-in-partners-an.html Add that together with the statement from the CEO recently regarding aquisitions and to me we are after more than just one producing asset with the use of the word PIMARILY .... DJ Chariot Oil & Gas Seeks Assets Close To Production In Africa LONDON (Dow Jones)--Namibia-focused oil and gas company Chariot Oil & Gas Ltd. (CHAR.LN) said Wednesday it is seeking to acquire assets close to production in Africa. Chief Executive Paul Welch told delegates at a small-cap oil and gas conference organized by brokerage Ambrian that Chariot is seeking oil assets onshore primarily in northern and western Africa. He added that the company is sizing up assets that are close to production, in appraisal, or at the later stages of exploration. Welch added that Chariot is pursuing two or three opportunities from an initial 75 assets it examined. Chariot's Namibia assets won't be in production until roughly 2014 and the company's board and shareholders are keen that it finds other sources of revenue in the interim, Welch said. The CEO added that the company is also expecting to bring in another partner to help develop its existing assets in Namibia by the end of the year. -By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; jason.douglas@dowjones.com (END) Dow Jones Newswires April 14, 2010 06:07 ET (10:07 GMT)Copyright (c) 2010 Dow Jones & Company Alternatively we could be getting excited over very little and the 507K trade is a sell and all the other big BUYS around close basically took the shares - the maths certainly bear this out ... I'm an optimist and say news tomorrow, aquisition of a near producing asset the first of two ... If so sp to reach triple digits with ease ... I have held for well over a year and those last five minutes were about as crazy as I have seen ... we know they had narrowed it to two or three possibilities so it wasn't far off, so how far is not far off ? Tomorrow 7am ??? Hmmmm Regards SD77
Cheers mate, would be good to see it from another angle, seems very stable with very few sells ATM ..... SD77