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I decided to get some, as deals are due to be announced soon and drilling plans as well could soon come into view.

Given the potential I am pretty sure that as drilling gets near this will be at least double the present 140p price and so it represents an easy way to make money for those with a little bit of patience.

Last institutional fund raise was at 250p in April, so 140p seems like a good price to buy in for me.

http://www.investegate.co.uk/Article.aspx?id=201104011205201370E

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Presentation : http://www.chariotoilandgas.com/uploads/website-chariotcorporatepresentationgs21.07.2011.pdf

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P's latest ramp target.

down 15% but still some way to catch PDX which is down 25%

Should have waited a day, but........... the price I got is still good, come back in a month and all will be fine.

This is a manipulated down on the worlds markets, to make QE3 an easy pill for people to swallow.

Get everything down and then enjoy a slow and steady rise upwards again.

What QE3 will mean is that oil will be 150 US$ in 2012.

From 142p at the time of the ramp to 93p low of the day, that is not too bad for 2 days ONLY down by 34.50%, there is allways a consolation other shares have fallen further and the price now is 104p

If anything one has to learn is " keep the TIPS to yourself " now is not Crhistmas

Coming back nice and strong now - 120's and moving upwards.

Will be back to my buy in price next week. Will teach me to jump in too early.

Got more AEX and FOGL this morning/yesterday - glad I did, both in profit.

Got some BOR today as well, thats cheap under 50p.

Worth a read :

http://www.cnbc.com/id/44038676

Market Indicator with Perfect Record Just Signaled 'Buy'

Published: Friday, 5 Aug 2011

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http://www.moneyweb.com/mw/view/mw/en/page295022?oid=318194&sn=2009+Detail&pid=287226

05 August 2011 05:24 Namibia to follow in Ghanas oil slipstream

A major oil find in Namibia is set to propel that economy into a new league.

Last year saw Ghana begin to pump oil from its Jubilee oil field, a development that is set to transform its economy, which is forecast to be Africa's fastest growing in 2011.

This year, a major oil find in Namibia is set to propel that economy into a new league. Global Energy Magazine last month reported that following years of intensive data acquisition and analysis, oil and gas exploration in Namibia has hit the jackpot with an estimated 11bn barrels equivalent having been discovered off the nation's coast.

According to Isak Katali, Namibia's Minister of Mines and Energy, the country must now prepare itself for rigorous drilling activities with operations starting as early as November this year. Katali said that Enigma Oil & Gas, owned by London-listed Chariot Oil & Gas, has identified 11 prospects along the southern coast. "The largest of these, the Nimrod Prospect in 350 metres (1,150 feet) depth, and most likely reserves in the event of success are estimated to be greater than 4bn barrels," he told parliament. "Enigma expects to find oil rather than gas," Katali said, adding that first production could begin as early as 2015. Enigma holds 50% equity in the offshore Southern Block together with Brazil's Petrobras.

Brazilian company, HRT Oil & Gas Ltd, has raised USD 1.3bn on the Brazilian stock market, with USD 300m earmarked for oil and gas exploration in Namibia. "To date, the company has conducted step by step critical geological and geophysical studies, allowing them to demonstrate the existence of at least two active petroleum systems which can generate and favour the trapping of liquid hydrocarbons in commercial quantities. This finding could turn offshore Namibia into a great producer of oil and gas in a short time. We expect that six to eight wells to be drilled in Namibia's waters in the next 18 months, the highest number in Namibia's exploration history," Katali added. To date, Namibia's largest source of natural gas is the Kudu gas field located approximately 170 kilometres north-west from the city of Oranjemund. It is located in the Orange Sub-basin in 170 metres of water.

Paul Welch, CEO of Chariot Oil & Gas, reckons that any significant oil discovery will have a "dramatic impact" on Namibia's economy. The country is expected to benefit tremendously from royalties and taxes paid by oil companies as well as the employment opportunities that will be created. He compares Namibia's current situation with that of Brazil around a decade ago. "You can think of Namibia today . . . to something similar to what you would have seen in Brazil say ten years ago, where you had some small inklings of potential, but people needed to go out and drill some wells before they could prove it. [Brazil] has gone from essentially an importing country, to an exporting country with regard to crude oil products. "The difference between Namibia and Brazil is that there are only 2.1m people in Namibia, so every barrel discovered in Namibia is going to make a tremendous difference." Namibia could well be SSA's "next big thing.

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2 bits of farm out news today, one with BP and the other with PGS :


BP = http://www.investegate.co.uk/Article.aspx?id=201108080700088903L

PGS = http://www.investegate.co.uk/Article.aspx?id=201108080700088868L


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So with BP paying for the first well on that block, and also paying for back costs, and wtih PGS paying for a large lump of the seismic work on the other block then CHAR have just saved a lot of their cash.

Meaning any dilution for fund raising (further) is some way away now.

More news on farm outs to come and drilling to start in not too many months time.

From Northland Capital Partners Ltd

OIL & GAS: CHARIOT OIL AND GAS (CHAR.L); 124P/224 NO REC

UPDATE FROM MANAGEMENT FOLLOWING BP FARM-OUT

n We have spoken to management following yesterdays announcement that BP will conditionally acquire a 50% share of Chariot's equity interest in Southern Block 2714A (Licence 20), of which Petrobras has a 50% stake, leaving Chariot with a net 25%.

n The Southern well is likely to cost in the region of $60m, so the company has effectively offset $30m of exposure and gained around $20m in back costs a strong deal.

n There is potentially further news to come on the Northern block where drilling is planned for this November (est. cost $65m), though this is dependent on rig options with two working and one new build under consideration.

n The company has the funds to go it alone so is not beholden on a farm out but remains in active discussions so it will be interesting to see developments.

n A farm out is likely to be similar to the BP deal, although of course Chariot would farm down from a 100% stake, so it would more likely result in a 50/50 JV, with potentially a free carry over one well.



Northland UK view: The BP farm-out looks a very strong deal offsetting a significant capital exposure and maintaining a healthy interest in the Southern blocks. Having spoken to management, it is encouraging that the company will press ahead regardless of whether or not a further farm-out on the Northern block is achieved. As stated the BP farm out will release funds for further exploration so the company is in a strong position to go it alone on the Northern blocks if necessary, which also means that a farm out, if secured, is likely to be on favourable terms.

Chariot finally does the deal
Created: 9 August 2011Written by: Martin Li
What's new:

■ BP farms in to the southern block

■ Petroleum Geo Services farms into the central blocks

■ On target to drill this year

Chariot Oil & Gas has revealed BP as its long-awaited second major partner for its huge exploration prospects offshore of Namibia. BP will earn 50 per cent of Chariot's equity in the southern block - currently shared on a fifty-fifty basis with Petrobras - in return for paying Chariot's past costs and share of costs of drilling a first well.

The news was keenly awaited and positively received by sector analysts, who see BP's interest as adding further endorsement to acreage that already boasts Petrobras as a partner. Petrobras will retain its 50 per cent interest and assumes operatorship.

Following the deal, Chariot will be in partnership with two of the world's foremost deepwater exploration experts. Furthermore, BP should be as keen as Chariot to advance the project, which could see the massive Nimrod prospect, estimated at 4.5bn barrels, drilled by the first half of 2012.

UBS says...

Buy. BP has farmed into Chariots southern block containing the 4.5bn-barrel Nimrod prospect. This confirmation of the potential of Chariots southern acreage, first by Petrobras and now by BP, is a very positive signal. The majors evidently believe that Namibia could be a significant oil province, and that Chariots acreage is one of the best routes to test this potential. Our net asset value comprises 46p for financial items and 602p of risked exploration. We set our price target, of 510p, at a 20 per cent discount for country risk and the risks inherent in a stock with limited downside protection in the event of drilling a dry hole.

Collins Stewart says

Buy. Chariot has attracted the interest of two of the world's most experienced deepwater explorers, demonstrating the validity of its exploration strategy. Under a second farm-in agreement, Petroleum Geo Services will obtain a 10 per cent interest in the central blocks in exchange for funding half of the cost of a 2,500 square km 3D seismic acquisition programme. We view this deal as attractive, allowing Chariot to retain a 90 per cent equity interest in the acreage while significantly reducing its cost exposure. Conclusion of these agreements will remove any scepticism regarding the potential of Chariot's exploration programme offshore of Namibia. We retain our buy rating and 350p target.


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SHARE TIP UPDATE:

Buy

At 125p, Chariot's shares languish below our tip of the year buy advice (191p, 7 January 2011). But there can be no better endorsement of an oil and gas play than securing financial and operating commitments from Petrobras and BP and these impressive deals also prepare the way for near-term drilling, potentially this year. We reiterate our earlier advice. Buy.

Last IC view: Buy, 231p, 31 May 2011

Upside from activity in Q4-2011 and Q1-2012

Three companies stick out in the biggest way (and do not forget Aminex).



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Worth remembering the potential upside with BOR and FOGL with CHAR not far behind.



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In demand a bit today.

Alphaville's view on today............

Chariot Oil and Gas Ltd (CHAR:LSE): Last: 143.25, up 21.25 (+17.42%), High: 149.95, Low: 123.25, Volume: 2.12m - oil off the coast of Nambia with share price rise being pinned on Citigroup have finished a big sell order.lots of leverage clients holding the stock round there many of them traders I believe. Anyway stake went below 3% on 8th and there has been ongoing selling last week so maybe finally clear

www.gulfkeystone.com/uploads/investorschronicle-22july2011.pdf

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I think that this is about to take off !......not an expert on charts but to me it looks like it.... plus reading through the rns's and you can't help not being impressed !....

Certainly warming up :)

RNS Number : 6698W

Chariot Oil & Gas Ld

02 February 2012

02 February 2012

Chariot Oil & Gas Limited

("Chariot")

Conclusion of farm-out agreement with BP in block 2714A

Chariot Oil & Gas (AIM:CHAR), an independent oil and gas exploration company, today announces that its wholly owned subsidiary, Enigma Oil & Gas Exploration (pty) Limited ("Enigma"), has received full approval from the Ministry of Mines and Energy in Namibia for its farm-out agreement with BP in block 2714A, which was announced on 8 August 2011. As part of the farm-out agreement, BP has committed to cover Chariot's cost of drilling the first exploration well in this block as well as past costs incurred, which have now been received.

As a result, the ownership of Southern Block 2714A now consists of 50% Petrobras, 25% BP and 25% Enigma. The block currently has 11 identified prospects, one of which - Nimrod - is due to be tested in H2 of this year with the drilling of the Kabeljou-1 exploration well. The proposed well location has been agreed by all parties and Petrobras, as Operator, will update the partners with its progress throughout the coming months.

Paul Welch, CEO, commented:

"We are very pleased to have concluded this agreement with the support of the Ministry of Mines and Energy in Namibia. We can now push forward with our drilling campaign on Kabeljou-1 using the additional knowledge and experience of our new partner, whilst reducing our capital and risk exposure."

RNS Number : 9876W

Chariot Oil & Gas Ld

08 February 2012

08 February 2012

Chariot Oil & Gas Limited

("Chariot")

Completion of Seismic Acquisition in Central Blocks

Chariot Oil & Gas (AIM:CHAR), an independent oil and gas exploration company, is pleased to announce that it has completed the 3500km(2) 3D seismic acquisition programme across its Central Blocks (2312 A & B and Northern halves of 2412 A & B) offshore Namibia. The operation, carried out in conjunction with Petroleum Geo-Services ("PGS"), was acquired by the Ramform Viking using the latest GeoStreamer(TM) technology. The survey targeted an area in the north east section of the licence that contains 11 leads with a combined prospective resource potential of 3.972 billion barrels of oil. Processing and interpretation of the data collected has commenced and we look forward to being able to report the results in the second half of this year.

Paul Welch, CEO, commented:

"This 3D seismic survey is the largest undertaken by Chariot to date and, due to the Geostreamer(TM) technology, has provided excellent quality data despite difficult weather conditions at times. The Central Blocks are the least mature of our portfolio and we look forward to receiving the processed information, which will enable us to identify further targets to include in our long term drilling campaign."

Hotting up again........... could just be profits taken in GKP getting put into CHAR, but who knows.

200p soon ? possible.

More zoom zoom for CHAR, up she goes.

Another 5%.

Strong again, into the 160's now.

Nearing the 170's..... :)

Nice rises of late, and drilling a well soon as well. :)

180's........... :)

Over 200 now.

Lovely lovely.

Chariot expects to spud Tapir South in April 2012, which will be funded by a 30.8 million pound placing - at a discount of 10% to the pre-announcement share price - and will continue farmout discussions with multiple parties.

Seymour Pierce reiterated its "sell" stance and 75p price target, noting the market was already aware of most of the update and that the most significant news was the placing, which diluted shareholder value. The broker also continues to believe the 25% chance of success at the Tapir South well represents too much risk for investors at the current price level

If this hits a big target :.....wooossshhh.....risky....but in the event of a duster :...much more to come later in the year.....4 wells after this first one.....big...big chance of success.....along with FOGL...and FPM....one to be in....due to upside......in fact massive upside ...similarities with the Santos basin ....(BG. success off Brazil) ......and no need to panic if this first well does not live up to expectations !...

Starting to look like an absolute bargain if any of the 20 billion barrels of oil prospects comes in....

Bad luck anyone holding here, but thats the way cookie crumbles. On my watchlist and will look to buy once the bloodbath of selling is over later this week.

Bad luck Pro,some u win some u loose.

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lucky him! How is that placing of 84p with Bor,thats life u never know whats round the corner.

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Not good but I shall sit the summer out with this one and wait for the next well result.....patience is the key with these multiwell campaigns...

rf looks as though the wheels have fallen off,where is Ben Hur when you need him!

This has been oversold... BUY now.

director buying yesterday .......

Director's Dealings
Chariot Oil & Gas Limited (AIM:CHAR), the Africa focused oil and gas exploration company, announces that Paul Welch, Chief Executive Officer, today bought 50,000 ordinary shares in the Company at a price of 77.64 pence per share. Following this purchase Mr. Welch holds 300,000 ordinary shares, representing 0.15% of Chariot's issued

more directors buying ......

("Chariot", the "Company" or the "Group")

Director's Dealings

Chariot Oil & Gas Limited (AIM:CHAR), the Africa focused oil and gas exploration company, today announces that on 14 May 2012 Adonis Pouroulis, Chariot's Non-Executive Chairman, bought 100,000 ordinary shares in the Company at a price of 74.95 pence per share. Following the purchase, Mr. Pouroulis holds 100,000 ordinary shares, representing 0.05% of the Company.

Westward Investments Limited, a company which is owned by a discretionary trust of which Mr. Pouroulis is one of a number of beneficiaries, maintains its holding of 21,565,971 ordinary shares, representing 10.75% of the Company.

Told u earlier... directors buying now because been oversold.

directors trying to put the wheels back on the cart?

have you bought in hali? ..... surely a better bet that TLW :-))

cynic not likely next news months away.

you know i was only teasing you ..... i only watch char out of curiosity; i don't buy/sell it

cynic same here CHAR is just another ramped share like MATD, TRP,BPC etc which eventually fall to earth leaving PI's stranded with large losses.

more directors buying ...........

Director's Dealings

Chariot Oil & Gas Limited (AIM:CHAR), the Africa focused oil and gas exploration company, announces that Larry Bottomley, a Non-Executive Director of Chariot, today bought 20,289 ordinary shares in the Company at an average price of 80 pence per share.

The Company also announces that Phillippa Bottomley, spouse of Larry Bottomley, today purchased 20,104 ordinary shares in Chariot at an average price of 81 pence per share. Following this transaction, Larry Bottomley has a beneficial interest of 40,393 ordinary shares, representing 0.02% of the Company.

FOGL's Loligo is the single biggest well to be drilled in 2012. People are mistaken that Chariots Nimrod is bigger, but its not.

Nimrod is P50 recoverable barrels potential of just 4.361 billion barrels (page 23 of the latest CHAR presentation).

Loligo is P50 recoverable barrels potential of 4.7 billion barrels.


(The 4.9 billion attributed to Nimrod is the "mean" of the P10/P50/P90 figures - when you compare P50 of Loligo to P50 of Nimrod - Loligo is the biggest drill anywhere in the world this year).


And of course its 75% owned by FOGL - the biggest drill and the biggest potential upside in the world this year.

Anyone know the reason for the drop?

The last well was supposed to take 70 days. Duster RNS come after 39 days.

http://www.investegate.co.uk/Article.aspx?id=201204051448228668A 5 April

http://www.investegate.co.uk/Article.aspx?id=201205140700212299D 14 May



This well is supposed to take 60 days. Its now day 38.

http://www.investegate.co.uk/Article.aspx?id=201207270700046309I


Going by the last well - it is now time for an RNS, imo.