Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Https://www.offshore-energy.biz/chariot-to-withdraw-from-two-blocks-offshore-namibia/
“NAMCOR has requested that Chariot remain engaged in the partnering process through a zero cost option to back-in after exploration drilling in recognition of the depth of understanding of the Chariot team of these licenses and the quality of technical work performed.
Https://www.offshore-energy.biz/chariot-to-withdraw-from-two-blocks-offshore-namibia/
Seirously i have no idea why this company dropped so much so if you can summarize will be good,
for cross ramp, no, i have no clue why that company went up so high also, so i wouldn't advise to buy that also
What are approx. development costs for onshore? my guess very low as compare offshore, i hope chariot can proceed with development on their own without loan and without partner, just phased developments and first phase pays for second phase and so on
As lots of posts today on board,
market does not like un-certainty e.g. what is cost of development? what if new well is 1 TCF or 1.5 TCF or what if it is not as much big as people expect, what this is un-certainty
i think big question is cost of development, if it is $500million then we only need 30% which is $150million and we got $80million