Malcy's Blog: Oil price, Chariot, JOG, Soco, IOG And finally Very upbeat from Malcy especially as I think Char miffed him off big time last year with unexpected raise etc. so for him to be this positive is a big plus indeed. Yet another big day of trading, 18.5M+, not that much in financial terms, but still huge volumes compared to business as usual. Let’s hope there’s an insti or two getting interested. This would make a good story for their clients.
Malcy's Blog: Oil price, Chariot, JOG, Soco, IOG And finally “I’ll start off with the best news, Chariot O&G!”
Malcy's Blog: Oil price, Chariot, JOG, Soco, IOG And finally Malcy on on Chariot from 22 minutes onward
Morocco Anchois-1 well gas discovery & Conference Call re: Morocco Gas Prices SDX realized Morocco gas prices: 1Q17: US$9.29/mcf 2Q17: US$9.44 /mcf 3Q17: US$9.53/mcf 4Q17: US$9.72/mcf 1Q18: US$10.03/mcf 2Q18: US$10.51/mcf 3Q18: US$11.05/mcf 4Q18: US$9.78/mcf Anchois developement seems highly profitable, Gas price break-even ~US$5.5/mcf.
Morocco Anchois-1 well gas discovery & Conference Call Great illustration - there are large discrepancies between the market caps of those companies TexDrilla. Both Wentworth and Chariot seem way undervalued. I think if investors had more trust in Management, we would be in double figures already. They need to conclude the partnering discussions with a good deal for there to be a real re-rate IMO. There is a lot of hype from the 10%ers on LSE but for the long term investors who have had they pants pulled down several times by the company, the recent news needs to be backed up for Shareholders to gain trust in them. The share price is going in the right direction, 4s are better than the 2s but still a long way to go for some.
Morocco Anchois-1 well gas discovery & Conference Call He has been banned for posting information that is false and misleading.
Morocco Anchois-1 well gas discovery & Conference Call See Evo Kev FQ320 MR is back on LSE… [link] Must mean one thing…
Morocco Anchois-1 well gas discovery & Conference Call TexDrilla: Market Cap: SDX: £63.98m Wentworth: £42.89m Sound: £215.90m Chariot: £16.31m
Morocco Anchois-1 well gas discovery & Conference Call re: cash deposits that are secured against bank guarantees: 5. Cash and cash equivalents (p.16) As at 30 June 2018 the cash balance of US$28.4 million (31 December 2017: US$15.2 million) contains the following cash deposits that are secured against bank guarantees given in respect of exploration work to be carried out: Brazilian licences: 0 Moroccan licences: 3,550 Namibian licence: 0 also: “In August 2018 bank guarantees totaling US$2.8 million in respect of the Moroccan licences were released.”
Morocco Anchois-1 well gas discovery & Conference Call Near Term Catalyst (May/June) I am looking forward to is the release of Anchois CPR and development feasibility study.
Morocco Anchois-1 well gas discovery & Conference Call Good summary…from LSE board twitter.com AIMissionary💰💰 (AIMissionary) #CHAR 💥💥 Still Way Undervalued. High Impact Portfolio with Transformational Potential. Many Reasons to Invest. #MassiveUpsidePotential 🚀🚀 11:39 PM - 7 Apr 2019
2020 Market Cap Poll My vote is based on the following: In a note to clients, analysts at ‘house’ broker finnCap commented: “This award diversifies and reduces the overall risk profile of Chariot’s high impact portfolio while maintaining its transformational potential. “Chariot’s rating has been heavily depressed by the two dry holes last year in Morocco and Namibia and the need to secure funding for additional drilling. “However,” they added, “with data rooms open in three regions – Brazil, Morocco and Namibia – and now a range of risk/reward opportunities within Morocco, the prospects for a successful farm-out must have been improved by this latest licence award. “With such low expectation in the price, today’s announcement should start to rekindle interest in this exciting exploration, and now appraisal/development, company.” finnCap trimmed its free cashflow-based target price for Chariot to 155p from 183p. In late morning trading, the shares were at 2.60p, up 15.8% on Tuesday’s close. Proactiveinvestors UK Chariot Oil & Gas expands Morocco footprint with acquisition of Lixus licence Chariot Oil and Gas (LON:CHAR) - “The award of the Lixus licence provides Chariot with a discovered resource base offering a low-cost development opportunity and significant upside,” said chief executive Larry Bottomley.
All Time High Volume Recorded Today Yes, I was going to mention that. Ended on the days high too. Trying not to get excited but I do like the new strategy.
All Time High Volume Recorded Today 3.90 GBX +1.14 (41.30%) Vol (Total) 43,950,985
2020 Market Cap Poll Good and somewhat thorough note from FinnCap. I particularly like to see how undervalued Chariot’ resources are against comparable explorers. Well worth the read. [link] Thanks for the heads up TD