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Although I am in this stock for a while now, there is no need to loose patience. The real jump in price related to an RNS that truly matters will come in September.

Why spilling chances for a stock price attraction when most people are on summer leave. In the meantime this hot spring keeps bubbling until it goes sky high. All elements including financing are there to have a Major succes!

The same applies to Africa Oil and Eco Atlantic with the expected news in Namibia. Both companies are waiting to announce a thick column of Oil until the market attention is optimal.

Same here with Chariot IMHO.

Namibië is certainly a hot spot and becoming a new Mega Oil Province with Eco Atlantic and Africa Oil having an amazing exposure in the region. With the consecutive large oil finds, Chariot will get a better understanding on how these layers relate to each other and will get more interest from possible Majors. The geographical structures are very similar to Brasil.
Chariot Brasil Petróleo e Gás Ltda. is the local subsidiary of UK-based oil and gas exploration company Chariot Oil & Gas Ltd. In 2013, the company won a 100% interest in four offshore licenses in Brazil, in the Barreirinhas Basin, comprised of blocks BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314, covering 768km2, where it will act as operator. In 2016, the company acquired and processed 775km2 of 3D seismic data over the four blocks.
I lost track on the Brazilian licences originally belonging to Chariot Oil an Gas.
I am not sure about the stock structure and wether Chariot Ltd is still involved somehow.

Any Subject Matter Expertise on this would be highly appreciated.

Hi Jimmy an Wizard,

Highly appreciated your views; thank you so much!
What is your price estimate for CHAR in let’s say 4 years from now? Is 2 £ exagerated? This stock has quite some potential with 3 Tier 1 projects…

From eiu.com: “Europe’s heatwave drove up demand last summer, causing gas and electricity prices to spike. The severity of Europe’s current energy crunch also depends largely on how cold temperatures drop over the winter, not just in 2022/23 but in 2023/24 as well. Below-normal temperatures will not only raise the spectre of energy rationing, but also put upward pressure on prices over the summer as Europe scrambles to refill reserves—this time without any Russian supplies.”
Russia is seeking new Oil and Gas clients in Asia. As the vast majority of gas pipelines is oriented to the West, it will take at least 10 years to connect pipelines to Asia. China is expected to increase its LNG import by 7% this year. So, as from the second half of 2023, gas prices are poised to climb for the foreseeable future. This is where companies like Chariot will kick in. Time will tell…

Hi Goonerpete,

I agree with you. On the flip side, Chariot is supported by a Major, Société Génerale is involved, instead of 1 we have 3 Tier1 projects, Europe is begging for other than Russian gas…
Investment sentiment is negative and is the main reason why this stock is not lifting off. Buy when others are fearful. The fundamentals are all positive to my belief. ;-)

A few quotes from notorious investors:
"It is possible to make money— and a great deal of money—in the stock market. But it can't be done overnight or by haphazard buying and selling. The big profits go to the intelligent, careful and patient investor, not to the reckless and overeager speculator." J Paul Getty

"I think the record shows the advantage of a peculiar mind-set - not seeking action for its own sake, but instead combining extreme patience with extreme decisiveness." Charlie Munger

“This company looks cheap, that company looks cheap, but the overall economy could completely screw it up. The key is to wait. Sometimes the hardest thing to do is to do nothing.” David Tepper

“Buy good companies. Don’t overpay. Do nothing." Terry Smith

"We find doing nothing the most difficult task of all. (One English statesman attributed his country’s greatness in the 19th century to a policy of “masterly inactivity”. This is a strategy that is far easier for historians to commend than for participants to follow.)" Warren Buffett

There seems still to be.a lot of discussions whether Chariot Ltd needs to raise capital. Correct me if I am wrong, but Chariot is financed by Société Générale, one of the biggest in its kind. They have a triple Tier1 project backed up by a Major called Total.
The expected revenue is largely sufficient to pay back the debts. Compare it to Africa Oil Corp, they paid back over 200 million and are now debt free with a lot of cash to do even more acquisitions.
I am a strong believer in Chariot, Eco Atlantic and Africa Oil for the simple reason they have a truly remarkable port folio backed up by deep pockets.

« Gas is pouring into the Baltic Sea from three separate leaks on the Nord Stream 1 and 2 pipelines amid claims by seismologists in Sweden and Denmark of two sharp spikes in undersea activity, possibly indicating explosions, and speculation about sabotage.«, The Guardian reported.
I would not be surprised if a False Flag Operation is now justifying a counter attack on other pipelines in Europe.
Any thoughts from you?

Eco Atlantic, Africa Oil and Africa Energy are all 3 up on rumours that Venus-1 hit oil. Any one with a Twitter account who can post the message? Subscription to Upstream Online could be helpful as well. The Graff-1 well result was disseminated the same way and confirmed a few days later by other resources.

https://mobile.twitter.com/UpstreamOnline/status/1493943903350886401?cxt=HHwWgsC4mZOEx7spAAAA

https://www.upstreamonline.com/exclusive/updated-shell-hits-oil-in-closely-watched-namibian-wildcat-market-sources/2-1-1142213

And not to forget other licences such as offshore Brazil and Namibia. Concerning the latter, just wait until the famous Venus well comes into play. All adjacent blocks might be positively affected as soon spud date is known.

https://www.proactiveinvestors.co.uk/companies/news/900659/solar-deal-launches-eco-atlantic-as-a-growing-diversified-energy-company-900659.html

I see very similar patterns with CGX Energy. You have the impression the price is manipulated some how. You can see it from the positive side. Something is up obviously. Frontera Energy and CGX energy are expected both Ito be in negotiations with a third party. The shares are kept very tightly. So any news burst will give a spike in the share price. Those who loose their patience will also loose the upside potential. Indeed patience is a virtue that will be monetised in the end of the day.

https://www.google.be/amp/s/oilprice.com/Energy/Crude-Oil/The-Pandemic-Could-Lead-To-A-Major-Oil-Supply-Crunch.amp.html

Chariot is not the only one being undervalued. Shares like Africa Oil, Africa Energy, Eco Atlantic CGX Energy undergo the same Bear market in Oil and Gas. But tides are changing. Rather sooner than later there will be an oil supply crunch. As soon as the vaccination strategy kicks in, we will go back to normal. The green deal will indeed impact the oil industry but demand for energy is rising in relation to the world population. Africa and Asia would love to have the same standard of living. Do not forget transportation is not the only oil consumer.
Exploration and Rig count is historically low at this stage. Those companies with low break even costs and especially invested in prolific oil provinces like Brazil, South Africa, Namibia, Nigeria will see a big price jump in the second half of 2021. If Chariot wants to sell, they will do it at the right moment at the right price. And this is way higher than 3£. To my belief, CHAR is a no brainer.

Chariot Oil and Gas , announced back in time the deployment of the Ocean Rig Poseidon to spud the Prospect S well in the Central Blocks licence offshore Namibia, less than a week after Tullow Oil went to town with the results of Cormorant-1 as a dry hole.

12 days later, the probe was announced a duster.
The well had been safely drilled to a total measured depth (MD) of 4,165 m to test the stacked targets in Prospect S. It penetrated the anticipated turbidite reservoir sands, in line with the pre-drill prognosis, however the reservoirs were water-bearing. “The data collected will be used to calibrate the existing data sets to understand the implications of the well results on the prospectivity of the surrounding area.”
The operator was in the process of plugging and abandoning the well as we went to press in early October 2018.

The structure on which the Prospect S was drilled is one of five dip-closed structural traps, totalling 1,758MMBbls gross mean prospective resources, which have been identified in the Upper Cretaceous turbidite clastic play fairway. The company had talked of a probability of geologic success of 29%, citing a Competent Persons Report by Netherland Sewell Associated Inc.

“A further two higher risk-reward, stratigraphic traps, totalling 885MMBbls gross mean prospective resources”, was to have been de-risked through the calibration of the 6,100km2 of proprietary 3D seismic data on the Central Blocks with the result of the Prospect S well. All that did not happen.

I expect with the success of Venus-1 well in Namibia that Chariot will gain much more interest compared to what it has now. Also the Brazilian play is heavily underestimated in the price estimate. On top of that you have almost 4 TCF in an area that is hungry for gas. Nowadays gas is not a byproduct any longer but appreciated in terms of less pollution compared to oil.
Looking at the overreaction of 2 dry wells whereas the remaining areas in Namibia are not valued and the potential of the Brazilian and the Lixus project, I personally think that we could see a value of over 1£.
This year will be pivotal with the presence of oil Majors around our blocks. Gradually it will increase the value of our shares.