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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.