Member Info for topsharepicks

due chunky seller added some free float expect rise to continue now several oilies gathering steam with oil and gas on the rise again.

good argh ok got it now thanks m8 so net to MXO could be 450 or so bopd at $66 = $10.8 million per annum

not to shabby if gets sorted and would relate to a sp significantly higher than today. Obviously a little hope forecast factor to be priced in

I thought incredible then realised only 158 bopd are attributed to MXO still been a fantastic rebound for you guys welldone

• OML 113, the Aje field in which MX Oil holds 5% equity investment, continues to produce oil from its two producing wells at a stable rate of around 3,150 bopd (157.5 bopd net to MXO).
• The 10th lifting was completed in March 2019.
• The profit from the 10th lifting was used to significantly reduce the project level debt allocated to all the partners.
• The Company's share of the 10th lifting equates to 17,323 barrels. The lifting was sold by the joint operators at an oil price of $66.97 per barrel meaning that, at the project level, the company's investment produced $1.16 million revenue and net profit of approximately $600,000. The profit from the lifting was applied against the project level debt.
• Subject to normal operating conditions with current oil prices and production costs remaining stable, it is anticipated that the project debt should be repaid after the next 2 liftings.
• The Company anticipates that the 11th lifting should take place in June 2019.
• From the 13th lifting, which is anticipated in Q1 2020, the Aje investment is anticipated to generate material free cash flow for the Company assuming continued stable production and no change to capital or operational expenditure at project level.
• Based upon this and assuming no significant increase in the Company's overhead, the directors believe that the Company should move to profitability during the first half of 2020.

here

https://www.share-talk.com/chariot-oil-gas-targets-lower-risk-growth-with-its-offshore-morocco-acquisition/?utm_campaign=Weekly%20Stock%20Market%20News&utm_medium=email&utm_source=Revue%20newsletter

much sooner imo plus discussion now watch the video on proactive investors I posted

“We are confident that the commercial viability, which will be fully laid out in the feasibility study being commissioned immediately, will be highly attractive to a wide range of strategic partners across the energy value chain.

clear and concise:

https://www.offshoreenergytoday.com/chariot-gets-operatorship-over-license-offshore-morocco/

Protecting their position what a strange statement your clearly not invested!

Its only irrelevant offensive posts being removed as I see it

That's funny!

pitched way higher seems SING market maker is fishing for stock!

This could blast through 5p in an instant imo

big bear 100% spot on why ive only taken a nibble just incase finance is not damaging to shareholders but agree it makes some sense to wait a while longer till its firmed up on details

Chariot Oil and Gas as valued by the Relative Valuation Technique

From stockopedia relative valuation

Current Price
4.57p
Mkt Cap: £ 17.5m
Implied Valuation*
21.64p
(373.6% undervalued)

cheap!

someone bagged 1 million :)

look like share placements incentives sold

unfortunate for long term holders who have effectively seen their investment vanish but right here theres a good chance to buy and see very sizeable returns to recover their loss. That's investing and pointless moaning about it these sort of investments are not for widows and orphans nor anyone who wants a guaranteed return.

Irrespective I have a few of these looking for a 20 fold return minimum over next couple years

bridging loan is Jeremy Asher he makes 12% and given first charge warrants repayed in 6 month yielding £900k

Jeremy has covered himself but to be fair he has put his money in and must be confident!

Its a buy for me imo

resistance and WILL fall without doubt it seems to me someone wants this held back these aren't PI trading patterns.

There is no resistance between here and 8p

looks like background buyer wants lower price I suspect late reported buys to come through and 5p to break then big jump to 6p+

my opinion

Partnering programs ongoing across whole portfolio!

Morocco discussions underway with partnering programme expecting news in near term.

Exciting time ahead.