Investors' Room :: Another beaten up oil junior starting to bounce - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

kate bates - 02 Apr 2009 13:29

Don't like doing threads but have been alerted to this one as it trades well below cash position and allegedly has directorate links with the massive Petrobas. Last broker target was something like 165p - currently 26! The bates is in.

kate bates - 02 Apr 2009 14:06 - 2 of 474

http://www.investis.com/chariot/docs/Annual_African_Investment_Conference.pdf

165p broker note.

mitzy - 03 Apr 2009 09:02 - 3 of 474

I'm in this am.

kate bates - 03 Apr 2009 09:15 - 4 of 474

Yes I've topped up, looks like we have a cleared seller situation, expecting nice quick bounce back to 45-50p area.

mitzy - 03 Apr 2009 09:19 - 5 of 474

I paid 25p which is cheap imo.

mitzy - 03 Apr 2009 11:27 - 6 of 474

On the way up now thanks again kate.

mitzy - 06 Apr 2009 08:21 - 7 of 474

What a great start to the week.

kate bates - 06 Apr 2009 12:27 - 8 of 474

nice volume and lots of buying, could do with seeing this over 30p for a decent chart formation.

mitzy - 09 Apr 2009 09:18 - 9 of 474

Nice chart for the month.

Chart.aspx?Provider=EODIntra&Code=CHAR&S

Howard0181 - 12 Apr 2009 08:16 - 10 of 474

I paid 25 1/4 on Thursday afternoon for 20,000. Intend to hold these. Its more a hunch then anything else.

aldwickk - 12 Apr 2009 18:13 - 11 of 474

When I saw the thread heading , I thought you were talking about Afren.

deem - 20 Apr 2009 21:01 - 12 of 474

why are these going down? they have been tipped to to go sky high on another site. I bought in at 26p

cynic - 21 Apr 2009 06:59 - 13 of 474

because you got suckered; because it's an illiquid minnow; because crude is down; because the markets are down ....... enough reason?

Balerboy - 13 Oct 2009 09:11 - 14 of 474

Surprised no one has these back on the radar.... been very blue last two days and am in for a ride at the mo.... any comments

Balerboy - 13 Oct 2009 13:34 - 15 of 474

why is there no comments on this one when it's doing so well today???? Cynic?

cynic - 13 Oct 2009 13:55 - 16 of 474

not a company i know at all, but i THINK i remember seeing it mentioned in a positive light in the press the other day

chart below is pretty self-explanatory, but i get the feeling that the "lemming world" is chasing almost anything that masquerades as an oilie, so tread very carefully, for you have seen both CAD and CSH - or more positively ENEG .... all very pig-in-a-poke

Chart.aspx?Provider=EODIntra&Code=CHAR&S

Balerboy - 13 Oct 2009 14:04 - 17 of 474

fair enough, thanks

Balerboy - 13 Oct 2009 16:14 - 18 of 474

I'll let you say "I told you so" looked at 4pm and down theyd gone, wish i'd looked at 3 lol

cynic - 13 Oct 2009 16:17 - 19 of 474

even if you had looked when sp was 34 (now 25.25), i bet you wouldn't have taken any profits

Balerboy - 13 Oct 2009 22:03 - 20 of 474

It actually got back to 29, so maybe theres more to come tomorrow.......

Balerboy - 13 Oct 2009 22:23 - 21 of 474

infact cynic the real reason for getting into this one is because Kate was flogging it a while back and thought i'd keep her company...... you never know what might happen....... i mean, seeing as you two are not an item anymore..............just thinking............. put me right if i'm wrong........... or are the references to "Witchs and cauldrons" just a cover up-- secret messages.............BB

capetown - 13 Oct 2009 22:35 - 22 of 474

In this one @ 22p.
Today was a roller coaster,interesting rns,guess they had to release it,but as long as one did not buy on a t10,this has legs.
Interesting close,even more interesting will be trading pattern to come.

kate bates - 14 Oct 2009 10:52 - 23 of 474

post 13!! why cynic is clueless!!

cynic - 14 Oct 2009 10:58 - 24 of 474

oh yes .... a post from april!!! ..... SNOOOOOOOOOOOOOOOOORE!

kate bates - 14 Oct 2009 11:06 - 25 of 474

no matter what month you post you are clueless and misinformed!

cynic - 14 Oct 2009 11:08 - 26 of 474

yeah yeah yeah ...... selective in your choice - now see post 16 as you are so keen on personal abuse ...... by golly you are so dull and repetitive and witless

kate bates - 14 Oct 2009 11:11 - 27 of 474

get back to that 'virtual' business you're running!!!
hurry mummy wants her elevenses brew!!

cynic - 14 Oct 2009 11:17 - 28 of 474

as i said above .... just keep ladling out the personal abuse when you haven't even the backbone to admit to distorting the truth, even if accidentally

marni - 14 Oct 2009 11:59 - 29 of 474

give it a rest cynic, u are on loads of threads like this when you aint even got ANY shares on them..........as you once said to me.........fuck off cynic

HARRYCAT - 14 Oct 2009 13:51 - 30 of 474

Blimey, they are ganging up on you Cynic! Thought you would have learned by now!!! ;o)

Balerboy - 14 Oct 2009 14:00 - 31 of 474

40/40 Deuce

HARRYCAT - 14 Oct 2009 14:05 - 32 of 474

It's NEVER deuce when 'girl power' is involved!

cynic - 14 Oct 2009 19:08 - 33 of 474

harry ...... i was actually asked to comment about this stock, which i did (post 16) ..... since then, the coven has seen fit to hurl personal abuse, which is all pretty pathetic, but no more than expected .... but frankly, their prob and not mine ...... if i choose to comment, i shall do so and not be bullied out of it by one or two lager ladettes

Balerboy - 19 Oct 2009 16:23 - 34 of 474

made good headway today, profit coming on nicely.

required field - 12 Mar 2010 09:17 - 35 of 474

Another one rising ever so rapidly....vertical...

cynic - 12 Mar 2010 09:42 - 36 of 474

no obvious logic for same, and rns re holding is not even particularly exciting ..... don't be afraid to bank at least partial profits, as rocket could easily be followed by stick

required field - 12 Mar 2010 09:46 - 37 of 474

On my second run as it is...banked a first lot, but it kept on moving up so missed a bit in the middle, switched accounts... and it's up again... by the way WTI is now 82.5 us dollars ...rising as we speak !.

required field - 12 Mar 2010 10:14 - 38 of 474

Taken profits for the second time....perhaps too early, but a pullback is overdue for this one...market cap in excess of 100 million quid...ouch !...

cynic - 12 Mar 2010 10:36 - 39 of 474

smart chap .... has to be the right move

required field - 12 Mar 2010 10:39 - 40 of 474

One to watch that's for sure but needs finance plus a rig and drilling dates...

cynic - 12 Mar 2010 11:03 - 41 of 474

and oil too i should imagine - or as sp currently shows, oil indeed being imagined already

required field - 12 Mar 2010 11:26 - 42 of 474

Put funds into DES......that's risky as well, but at least I've got until christmas for it to come right.

required field - 12 Mar 2010 11:30 - 43 of 474

The trouble with these little oil juniors is that you can never be sure that the black stuff is down there....Chariot now needs (a farmin or out, whatever they call it)....and something in the way of a drilling schedule and we might be a year away from that....so unless the sp continues to rocket ; in the words of Arnie : "I'll be back".

cynic - 12 Mar 2010 11:41 - 44 of 474

not a bad punt in DES at this level ..... immediate downside is perhaps 40p

i try to avoid being tempted into these minnow "totally blue sky" companies like CHAR ..... might as well play roulette where black/red odds are actually better

mitzy - 12 Mar 2010 12:14 - 45 of 474

lol.

required field - 12 Mar 2010 15:21 - 46 of 474

Some mix up with Goldfinger's blogs here....still rising....sold out too early....got to be near the top now...

required field - 12 Mar 2010 15:23 - 47 of 474

70p now...aaaggghhhh......

cynic - 12 Mar 2010 15:34 - 48 of 474

you made a (good) profit so don't grizzle ...... sp could just as easily collapse

required field - 12 Mar 2010 15:43 - 49 of 474

true....

mitzy - 12 Mar 2010 16:51 - 50 of 474

This is heading to 100p just like Matd.. gl.

cynic - 13 Mar 2010 08:57 - 51 of 474

but why? ... or my exactly, why now when seemingly the company has little or no substance?

required field - 13 Mar 2010 10:36 - 52 of 474

This is not MATD.....Chariot oil could be like Victoria oil of old or Forum Energy....until they start drilling which is probably at the very least a year away...the sp will spike back down again : you can be sure of that....MATD is set to resume drilling in a few weeks time with a very big possibility of hitting hydrocarbons of some sort as another company just a few miles away already has done so !.

mitzy - 13 Mar 2010 15:09 - 53 of 474

Because I bought @ 25p cynic.

cynic - 13 Mar 2010 17:36 - 54 of 474

that's no reason sp should go to 100

moneyplus - 13 Mar 2010 18:43 - 55 of 474

well done on this one mitzy--I missed it. I'm in Cov though cove energy--looks to be an exciting week next week, big jump on friday and if the rumours are right that one will reach 100p easily. imo--fingers crossed!

mitzy - 14 Mar 2010 17:56 - 56 of 474

Thanks moneyplus this is still very much undervalued with a possible 9 billion barrels and a Market Cap of 90m it could easliy rise to 160p in the next 12 months..

good luck with Cove I missed it the other week.

mitzy - 15 Mar 2010 08:38 - 57 of 474

Wow...

cynic - 15 Mar 2010 08:47 - 58 of 474

absolutely so, but damned if i can see why .... at least Cove has some logic to its rise

mitzy - 15 Mar 2010 08:50 - 59 of 474

lol..

required field - 16 Mar 2010 08:14 - 60 of 474

No stopping this....sold out too early....incredible rise...

cynic - 16 Mar 2010 08:37 - 61 of 474

incredible being the operative word ...... why, is the question i raised before, and no one has responded ...... it is for that reason that i have managed to keep inherent greed under control

HARRYCAT - 16 Mar 2010 08:43 - 62 of 474

required field - 16 Mar 2010 08:44 - 63 of 474

It will spike and come down...it's the thought of billions of barrels of oil that has sent it into orbit.....could be years before any drilling gets underway...

HARRYCAT - 16 Mar 2010 08:46 - 64 of 474

From Daily Express today:
"* Talk of a co-investment deal sustains Chariot Oil & Gas."

And also: March 2 (Reuters) -" Britain's Chariot Oil & Gas Ltd said its group resources rose by 3.3 billion barrels to over 8.5 billion barrels, resulting from a survey in Central Blocks, offshore Namibia.

The Africa-focused oil and gas exploration firm said no resource potential had previously been attributed to these blocks.

The Central Blocks are owned and operated by Chariot's wholly owned unit Enigma Oil & Gas Exploration Ltd."

mitzy - 16 Mar 2010 08:46 - 65 of 474

Incredible is my thoughts when will it ever end.

cynic - 16 Mar 2010 08:57 - 66 of 474

also, resources and (recoverable) reserves are totally and utterly different.
for sure, when the lemmings have had their fill, this share will fall like a brick as there is nothing to sustain it - well that's what i think anyway

required field - 16 Mar 2010 09:30 - 67 of 474

EK is bound to short this....beware Mitzy...take profits soon....

cynic - 16 Mar 2010 11:10 - 68 of 474

my strong advice is to take profits NOW
sp is starting to slip, but more interestingly, it is impossible to short this stock either as CFD or s/b - i.e. lots of peeps already short and no one willing to lend stock

mitzy - 16 Mar 2010 14:20 - 69 of 474

You are so wrong.

cynic - 16 Mar 2010 16:31 - 70 of 474

i shall be delighted to be wrong, but i very much note that no one but no one has come up with any sensible reasons as to why this stock should have rocketed away, let alone why it should hold that rise.

on the other hand, it is very clear that an awful lot of people also hold my view, for otherwise there would be stock to borrow (i.e. as the counter-balance of the short)

finally, your so-called profit is ephemeral and could easily disappear in a puff .... so for goodness sake take a BIG slice of profit if you have not already done so

mitzy - 16 Mar 2010 18:49 - 71 of 474

Oil is $82 a barrel tonight and the price on the forecourt is rising by the day I am forecasting oil at $100 a barrel in 2 months time and I have invested in Char and Matd for 10 baggers potential.

cynic - 16 Mar 2010 20:05 - 72 of 474

mitzy - use some logic and common sense ..... the one has nothing to do with the other ...... you are showing every sign of being totally blinded by greed

required field - 16 Mar 2010 20:41 - 73 of 474

Cyneers is right Mitzy : for an sp to remain high , you have to be drilling...MATD will be very soon...the other is just potential...try and time your exit on the latter.

mitzy - 16 Mar 2010 21:42 - 74 of 474

I hold both rf and will not sell for at least 2 months when I expect the oil price to rocket to $100 plus..gl.

mitzy - 17 Mar 2010 16:12 - 75 of 474

Classic hammer bottom reversal today..

mitzy - 18 Mar 2010 12:38 - 76 of 474

Incredible to think it was just 15p last Septenber.

HARRYCAT - 18 Mar 2010 12:49 - 77 of 474

Even you must have a target in mind, surely??? This can't go on forever!
Great to see someone making oodles of dosh though. Sadly, wasn't on my radar.

cynic - 18 Mar 2010 12:50 - 78 of 474

i remain truly staggered but delighted to be wrong, at least for now

kate bates - 19 Mar 2010 12:39 - 79 of 474

I'm still around Cynic, still watching you and holding this. Been very ill this last 6 months but seems i've got the all clear now. Hope you kept TMC as well.

Balerboy - 19 Mar 2010 12:50 - 80 of 474

I suspect cynics reply would be something like "a bit of home brew put it right" lol

cynic - 19 Mar 2010 12:56 - 81 of 474

i still have TMC .... if i had certificates, they would be used to line the bottom drawer.
i don't hold these (CHAR), though i watch in stunned amazement - it still looks very much like an indian rope trick to me
for squitty stocks, i would have thought XEL made a much better investment, though that too is horribly illiquid - but at least it seems to have genuine potential

genuinely sorry to hear that you have been very ill, for i assumed you had been boiled in oil or burnt at the stake ..... anyway clearly not terminal - i don't believe in voices from "the other side" - and trust you are indeed fully recovered and not just in remission or similar.

Balerboy - 19 Mar 2010 13:24 - 82 of 474

lol ....can't believe you said that...:))

cynic - 19 Mar 2010 13:45 - 83 of 474

shame on you then!
only my late f-in-law did i regularly wish dead ...... now that it is several years since he obliged (stake through heart ensured and buried at x-roads), i find myself able to speak well of him in certain respects from time to time

Balerboy - 19 Mar 2010 14:19 - 84 of 474

remind me never to cross you........;)) or even meet you....lol

cynic - 22 Mar 2010 10:26 - 85 of 474

you've seen the rocket; are you about to see the stick?

mitzy - 22 Mar 2010 19:40 - 86 of 474

You watch this tommorrow..

cynic - 22 Mar 2010 19:58 - 87 of 474

no doubt, tho purely from interest

mitzy - 22 Mar 2010 23:55 - 88 of 474

Big rise in oil price in 2 months time.

cynic - 23 Mar 2010 10:53 - 89 of 474

like i said in post 68 ...... undoubted stick!

mitzy - 23 Mar 2010 16:16 - 90 of 474

This is outrageous.

cynic - 23 Mar 2010 16:19 - 91 of 474

why? ..... the writing was on the wall several days ago but you (and others) didn't want to see it even though it was highlighted here

sorry if you have done a stack of dosh, but ....

========

currently -10.75 and looking to head further south
correction - already down12.25 at 62 and looking to head further south

mitzy - 23 Mar 2010 16:24 - 92 of 474

Pure manipulation I will buy more @55p.

Balerboy - 23 Mar 2010 16:37 - 93 of 474

glad someone believes in miracle's

mitzy - 23 Mar 2010 16:43 - 94 of 474

I do I do I do..

Balerboy - 23 Mar 2010 16:49 - 95 of 474

abba fan as well...lol

cynic - 23 Mar 2010 16:56 - 96 of 474

mitzy - are you related to janet beniston (or something like that) who used to be a regular here? ..... she lost her shirt, i'm sorry to say

Hot Chocolate actually

halifax - 23 Mar 2010 16:58 - 97 of 474

thought women wore blouses

mitzy - 23 Mar 2010 17:52 - 98 of 474

I dont know any janet here but she seems a decent sort.

cynic - 23 Mar 2010 18:04 - 99 of 474

she was, but got into serious financial trouble through the markets

hlyeo98 - 23 Mar 2010 18:57 - 100 of 474

Keep buying CHAR at 60p+ and this will go up further.

mitzy - 23 Mar 2010 18:59 - 101 of 474

No doubt about it.

hlyeo98 - 23 Mar 2010 19:22 - 102 of 474

This will bounce back up tomorrow.

Balerboy - 23 Mar 2010 20:08 - 103 of 474

You might know your onions cynic where money is concerned but that was ABBA

required field - 23 Mar 2010 20:21 - 104 of 474

There you go...bubble burst...Cynic and myself said so....you have to be drilling for the sp to remain high....otherwise :..POP....bbbuuurrrbllllllggrrlllssss (sound of balloon bursting and crossing the room in a zigzag)....

Balerboy - 23 Mar 2010 20:25 - 105 of 474

Full of gas......like DES

cynic - 23 Mar 2010 20:41 - 106 of 474

not unless there are two songs very similar
didn't you see Full Monty?

cynic - 23 Mar 2010 20:47 - 107 of 474

RF ... you're being a bit naughty, as looking back, you were complaining quite vociferously how you'd sold out too early

Balerboy - 23 Mar 2010 22:28 - 108 of 474

Go check your collection of 78's cynic

cynic - 24 Mar 2010 08:06 - 109 of 474

hyleo / mitzy - bounce? what bounce? ..... clunk!

required field - 24 Mar 2010 08:11 - 110 of 474

Well...I should have timed my exit a bit better...down again today and this will now slumber for months.....

mitzy - 24 Mar 2010 08:28 - 111 of 474

I'll buy more at 55p.

hlyeo98 - 24 Mar 2010 08:34 - 112 of 474

I'll buy loads at 50-55p if it get there which I highly doubt.

cynic - 24 Mar 2010 08:35 - 113 of 474

what about banking profits; you've (stupidly) already left it late, but better some than none

cynic - 24 Mar 2010 08:56 - 114 of 474

if you're mug enough, and clearly some are, then buying at 55 could easily become a reality before close of play - already down another 5.25p since last night and should now be possible to buy at 58p if order placed via broker

mitzy - 24 Mar 2010 09:00 - 115 of 474

I a long termer remember.

cynic - 24 Mar 2010 09:30 - 116 of 474

sorry, but a dumb answer ..... at the end of the day, shares are for making money - i.e. making and taking profits prudently ..... so far, you have thrown away about 25p of your 60p "profit" - >40% - which presupposes that your total holding averages out at 25p as you aver

mitzy - 24 Mar 2010 09:41 - 117 of 474

Too bad you mised the bounce..

cynic - 24 Mar 2010 09:59 - 118 of 474

more to the point, for i wouldn't touch these, is that you have still dumped 40% of your "profit" on a less-than-blue-sky amoeba company - too bad, to use your words

cynic - 24 Mar 2010 10:31 - 119 of 474

bearing in mind that this stock was unborrowable a few days ago, current bounce smells strongly of bear closing - banking profits! ..... sell into the bounce

mitzy - 24 Mar 2010 10:42 - 120 of 474

The winner takes it all..

cynic - 24 Mar 2010 10:55 - 121 of 474

or in your case, nothing at all if you don't act prudently and bank at least some profits - sorry, but your "strategy" of hanging on come hell or high water is deeply flawed

mitzy - 24 Mar 2010 10:58 - 122 of 474

winner takes it all

the loser standing small.

HARRYCAT - 24 Mar 2010 10:59 - 123 of 474

82p.

Balerboy - 24 Mar 2010 11:58 - 124 of 474

don't tell me cynic....winner takes it all......hot chocolate......stupid boy

cynic - 24 Mar 2010 12:04 - 125 of 474

but of course that one is indeed Abba!

Balerboy - 24 Mar 2010 12:09 - 126 of 474

google .. i do, i do, i do..

kimoldfield - 24 Mar 2010 12:25 - 127 of 474

I did, I did, I did. But I already knew it was ABBA ;o)

Balerboy - 24 Mar 2010 12:27 - 128 of 474

thank goodness......now i know cynic's lost it. He's been number crunching toooo long....maybe the full monty turned him????? :(((

mitzy - 24 Mar 2010 13:08 - 129 of 474

Everyones a winner babe thats no lie.

Balerboy - 24 Mar 2010 13:57 - 130 of 474

NOW THEN behave!!! lol

mitzy - 24 Mar 2010 14:14 - 131 of 474

lol..

cynic - 24 Mar 2010 18:13 - 132 of 474

ain't misbehavin'!

hlyeo98 - 24 Mar 2010 18:30 - 133 of 474

cynic, this is worth a gamble...100p coming up

cynic - 24 Mar 2010 18:44 - 134 of 474

not with my money it isn't; much better odds of success with DES or RKH

hlyeo98 - 25 Mar 2010 08:25 - 135 of 474

BUY BUY BUY is the message at 70p

cynic - 25 Mar 2010 08:37 - 136 of 474

well you would say that wouldn't you, but it feels too much like buying tulip bulb futures for me

hlyeo98 - 25 Mar 2010 08:40 - 137 of 474

73p within minutes now...hoho...100p very soon...get on board

Balerboy - 25 Mar 2010 08:41 - 138 of 474

change your name back to mitzy, hlyeo98.....lol

mitzy - 25 Mar 2010 08:46 - 139 of 474

100p very soon..lol.

required field - 25 Mar 2010 08:52 - 140 of 474

This is crazy : this has a market cap of 110 million quid with no drilling in sight...no money in the bank....even Gulf Keystone with fantastic results is only worth 5 times more but that has something to show...this makes Provexis look like a member of the ftse 100 club !.

Balerboy - 25 Mar 2010 08:58 - 141 of 474

probably be suspended from trading soon....

HARRYCAT - 25 Mar 2010 09:03 - 142 of 474

cynic - 25 Mar 2010 09:18 - 143 of 474

it's a wonderful stock for theoretical trading as in reality it totally lacks any logic

mitzy - 25 Mar 2010 09:19 - 144 of 474

Easy 20% gain in one day.

cynic - 25 Mar 2010 09:51 - 145 of 474

and even easier to make 30/50% loss .... as i said, it defies any logic at all, but good luck to you, just so long as you remember that a profit is no profit until you bank it

hlyeo98 - 25 Mar 2010 16:40 - 146 of 474

You shouldn't lose in CHAR. This will perform well.

cynic - 25 Mar 2010 16:44 - 147 of 474

why?

mitzy - 25 Mar 2010 18:03 - 148 of 474

Your 60 years of age ..?

cynic - 25 Mar 2010 18:12 - 149 of 474

???????????????? more girlie logic? .... i'm actually 63 but no matter

mitzy - 25 Mar 2010 21:38 - 150 of 474

Will you still love me will you still need me..lol.

cynic - 26 Mar 2010 08:02 - 151 of 474

no; i'll be long dead - but surely it's will you still need me, will you still feed me? ..... but Beloved would be much saddened if i departed this mortal coil so soon as i cook (much) better than her

cynic - 30 Mar 2010 15:41 - 152 of 474

what's happened to all you happy charioteers? ..... jumped off the cliff with sp?

ptholden - 30 Mar 2010 18:32 - 153 of 474

Retrace to 40p

cynic - 30 Mar 2010 18:46 - 154 of 474

but unshortable, or at least it was about a week ago

mitzy - 30 Mar 2010 18:47 - 155 of 474

I'm still here.

cynic - 30 Mar 2010 18:54 - 156 of 474

playing dominoes?

mitzy - 30 Mar 2010 19:04 - 157 of 474

Could well be tonight.

cynic - 30 Mar 2010 19:11 - 158 of 474

better than football anyway

cynic - 06 Apr 2010 10:47 - 159 of 474

mitzy + hyleo and others - where are all you brave champions? ..... cat got your tongues now sp is tanking against the market trend?

we all make mistakes, but so few of you are prepared to stand up and admit it.

cynic - 06 Apr 2010 15:28 - 160 of 474

Chariot's wheels have fallen off and the co-drivers mitzy and hyleo have scarpered before the heavies lay into them

mitzy - 10 Apr 2010 10:08 - 161 of 474

Back on the road again.

hlyeo98 - 10 Apr 2010 23:08 - 162 of 474

It's definitely a BUY!

hlyeo98 - 15 Apr 2010 08:12 - 163 of 474

Somebody has lost his voice here, mitzy. BUY CHAR.

cynic - 15 Apr 2010 08:33 - 164 of 474

i'll leave this little gem of a spiv stock to you
talking of losing voices, you never did answer a similar question re GCM

hlyeo98 - 15 Apr 2010 08:42 - 165 of 474

I'm still shorting GCM.

cynic - 15 Apr 2010 08:47 - 166 of 474

at what price did you short? - merely curious and not saying you are wrong to have done so, though i think it's quite a brave call as you gave no logic

mitzy - 15 Apr 2010 09:22 - 167 of 474

Buy CHAR .....

cynic - 15 Apr 2010 09:33 - 168 of 474

why? .... because a director sole 1m a few days ago?

mitzy - 15 Apr 2010 09:47 - 169 of 474

When did the War end ...

So why are you still wearing your gas mask ?

cynic - 15 Apr 2010 10:00 - 170 of 474

1945 and because i farted .... and your excuse is what

cynic - 16 Apr 2010 15:26 - 171 of 474

gas mask also keeps out bad smell that CHAR is now developing on the back of unsubstantiated and unwarranted hype from certain quarters here

mitzy - 17 Apr 2010 09:35 - 172 of 474

I reckon you have been breathing in too much volcanic ash.

cynic - 17 Apr 2010 09:51 - 173 of 474

the farts certainly smell similarly of sulphur

cynic - 19 Apr 2010 11:28 - 174 of 474

your wheels are on fire even if not yet quite fallen off

mitzy - 19 Apr 2010 13:38 - 175 of 474

I predict a earthquake next week and the Royal Family could be in danger.

cynic - 19 Apr 2010 13:44 - 176 of 474

will the earth move for you too?

mitzy - 19 Apr 2010 14:28 - 177 of 474

Yep.

cynic - 19 Apr 2010 14:29 - 178 of 474

so who's the lucky rabbit?

Balerboy - 19 Apr 2010 19:15 - 179 of 474

Kate!!

mitzy - 20 Apr 2010 09:10 - 180 of 474

The RF are in danger when the earthquake hits the UK.

cynic - 20 Apr 2010 09:15 - 181 of 474

the only recent earthquake was the unexpected resurgence of lib dems ..... having watched that debate, i can only say that i thought clegg was like an overgrown schoolboy and should have been told off for standing with his hands in his pocket ..... hey ho! no doubt there will be more big poll swings before THE DAY, and thereafter, we'll all just have to live with the result, whatever it is

mitzy - 20 Apr 2010 09:23 - 182 of 474

I expect Clegg will get the swingers vote.

cynic - 20 Apr 2010 09:24 - 183 of 474

does that mean the straightlaced ones are the dommes at the club then?

mitzy - 20 Apr 2010 13:41 - 184 of 474

I would not know about things like that.

mitzy - 23 Apr 2010 08:31 - 185 of 474

New target of 112p.

hlyeo98 - 04 May 2010 16:55 - 186 of 474

Everything's crumbling apart from CHAR. Yippee!

cynic - 04 May 2010 19:34 - 187 of 474

there certainly weren't many bits of blue today, and indeed this was a remarkable exception ....... not sure whether or not i am glad i was on the golf course all day

hlyeo98 - 05 May 2010 17:50 - 188 of 474

It's not doing badly in this market. CHAR will get stronger day by day.

mitzy - 10 May 2010 14:04 - 189 of 474

Buy this share now.

HARRYCAT - 10 May 2010 14:08 - 190 of 474

Maybe too late, or was that just a blatant ramp? ;o)

mitzy - 10 May 2010 14:10 - 191 of 474

lol..

cynic - 10 May 2010 15:47 - 192 of 474

at least RKH and DES have logic behind them, but this stock i just watch in stunned amazement

mitzy - 10 May 2010 16:26 - 193 of 474

112p.....

mitzy - 12 May 2010 11:25 - 194 of 474

Perhaps the most under-rated share in the market today.

cynic - 12 May 2010 11:29 - 195 of 474

EXCEPT no one has managed to explain at all why the damn thing should be rising in the first place! ...... so come on mitzy, enlighten us all

halifax - 12 May 2010 11:48 - 196 of 474

cynic Citigroup Global Markets and others have been hoovering up shares in a thin market.

cynic - 12 May 2010 11:51 - 197 of 474

but do you know of a good reason why?
CGM's actions may be very beneficial for sp (for now), but it does not necessarily follow that they have useful inside knowledge

halifax - 12 May 2010 12:16 - 198 of 474

cynic suggest you visit their website all the information is there concerning their plans to accelerate oil production, draw your own conclusions.

cynic - 12 May 2010 12:28 - 199 of 474

i know i'm not very good at reading, which i'm sure you will now confirm, but as far as i can determine, these guys don't even anticipate drilling until october this year, let alone accelerate oil production .... that said, i grant you that the prospects off Namibia look good, but that doesn't stop dud wells; ask DES!

halifax - 12 May 2010 12:32 - 200 of 474

cynic perhaps they are looking for more major partners, Petrobas appear to be involved already.

cynic - 12 May 2010 12:34 - 201 of 474

Petrobras are indeed a farm-in partner

mitzy - 12 May 2010 16:38 - 202 of 474

Strong finish.

cynic - 12 May 2010 16:41 - 203 of 474

some funny numbers showing at the close - e.g. see RKH

HARRYCAT - 12 May 2010 16:41 - 204 of 474

Hmmm... Fair to middling again! ;o)

required field - 12 May 2010 20:41 - 205 of 474

Incredible rise...perhaps the reason is because people see this as a mirror image of the Falklands.....but then again TLW and others have blocks in this part of the world...not in...wish I was but ....

mitzy - 12 May 2010 20:53 - 206 of 474

These could go 150p imo.

cynic - 12 May 2010 21:23 - 207 of 474

happier to stay with TLW .... at least it's a real company and has just had a significant upgrade note ..... CHAR still looks to me like an indian rope trick

required field - 12 May 2010 23:52 - 208 of 474

Mitzy has the "midas touch" at the moment.....

hlyeo98 - 13 May 2010 00:33 - 209 of 474

Sweet CHAR...didn't I say it will get stronger day by day.

BUY!

hlyeo98 - 13 May 2010 08:06 - 210 of 474

This will go to 300p

cynic - 13 May 2010 08:12 - 211 of 474

WHY?????????????

hlyeo98 - 13 May 2010 08:18 - 212 of 474

You will know soon enough

cynic - 13 May 2010 08:23 - 213 of 474

what a fatuous answer!

blackdown - 13 May 2010 08:30 - 214 of 474

It's the RKH effect - everything is now going to x00p, but nobody seems to know why.

cynic - 13 May 2010 08:34 - 215 of 474

can't disagree .... let's buy tulip bulb futures too; they're going to double and double again within a couple of months

Balerboy - 13 May 2010 08:43 - 216 of 474

very cynical of you cynic!!

cynic - 13 May 2010 08:51 - 217 of 474

but with a good element of truth nevertheless

mitzy - 13 May 2010 08:51 - 218 of 474

Thanks rf pity I missed out on KEA.

halifax - 14 May 2010 11:27 - 219 of 474

RNS further buying by Citigroup now hold 12.21% what do they know that we don't?

hlyeo98 - 14 May 2010 12:04 - 220 of 474

It's going UP in a falling market...BUY...follow the leader.

Master RSI - 14 May 2010 12:19 - 221 of 474

Could it be back to 80p? the 5 days chart trend has its signs of that

5 days chart
Chart.aspx?Provider=Intra&Code=CHAR&Size

Balerboy - 14 May 2010 14:47 - 222 of 474

looks a bit like cynic's trouser snake......

mitzy - 18 May 2010 08:53 - 223 of 474

This is going all the way.

cynic - 18 May 2010 08:55 - 224 of 474

all the way with LBJ? ..... didn't that take you to vietnam?

hlyeo98 - 18 May 2010 08:55 - 225 of 474

It will go up to 150p next stop.

mitzy - 18 May 2010 09:05 - 226 of 474

I agree all the way with LBG to saigon city.

mitzy - 18 May 2010 09:38 - 227 of 474

Wildthing..you make my heart sing..!

cynic - 18 May 2010 09:39 - 228 of 474

truly stunning; i watch in amazement but one can't piss against the wind - unless i bought some, which would be the signal for 180 degree turn!

mitzy - 18 May 2010 10:14 - 229 of 474

lol.

cynic - 18 May 2010 10:24 - 230 of 474

short this now! :-))

mitzy - 18 May 2010 11:24 - 231 of 474

Buy buy buy..

cynic - 18 May 2010 11:36 - 232 of 474

i confess i have, as you may have gathered from the above ..... it feels all wrong other than the undoubted and continued momentum behind it

hlyeo98 - 18 May 2010 11:53 - 233 of 474

I told you so before, cynic. Be less cynical.

cynic - 18 May 2010 11:56 - 234 of 474

no, because as i said above, i see no logic to this at all, so it is pure greed .... the fear comes later!

kimoldfield - 18 May 2010 12:07 - 235 of 474

I was thinking of buying a few but now that Cynic is in I'm not so sure! ;o)

hlyeo98 - 18 May 2010 12:14 - 236 of 474

Cynic. greed is good.

cynic - 18 May 2010 12:30 - 237 of 474

only until fear sets in!

hlyeo98 - 18 May 2010 12:56 - 238 of 474

Do not fear, charioteers rule the day!

cynic - 18 May 2010 12:57 - 239 of 474

until the wheels come off as in ben hur!

mitzy - 18 May 2010 13:14 - 240 of 474

wow another 20p and they will be 150p.

cynic - 18 May 2010 13:19 - 241 of 474

another 70p and they'll be 200p then :-))

mitzy - 18 May 2010 13:22 - 242 of 474

LOL..

HARRYCAT - 18 May 2010 13:43 - 243 of 474

Bonkers all of you! ;o) (No I don't hold....damn it!)

cynic - 18 May 2010 13:47 - 244 of 474

i agree, but the share's performance is an even worse case

Balerboy - 18 May 2010 13:48 - 245 of 474

my sentiments exactly harry......if cynics in then stay out.....bound to fall. lol

cynic - 18 May 2010 14:03 - 246 of 474

but i'm in on a SHORT

Balerboy - 18 May 2010 14:04 - 247 of 474

short what lead......wruff

mitzy - 18 May 2010 14:05 - 248 of 474

buy buy buy.. again.

hlyeo98 - 18 May 2010 14:41 - 249 of 474

buy Char, not short...lol.

hlyeo98 - 20 May 2010 08:32 - 250 of 474

Keep on going up, CHAR...this will not fail.

required field - 20 May 2010 08:41 - 251 of 474

Incredible.......just .....silence.... .......cannot understand what is pushing this, and I thought I did well to sell out at 60p or so....

cynic - 20 May 2010 08:46 - 252 of 474

MMs know i shorted 100k!

hlyeo98 - 20 May 2010 17:43 - 253 of 474

Good thing u shorted because it will only moves up.

cynic - 20 May 2010 21:45 - 254 of 474

i like to help my brothers here, for they need all they can get

mitzy - 24 May 2010 08:13 - 255 of 474

Keep it up.

hlyeo98 - 24 May 2010 08:13 - 256 of 474

CHAR getting stronger and stronger...

mitzy - 24 May 2010 08:14 - 257 of 474

snap..!

cynic - 24 May 2010 08:24 - 258 of 474

just doubled up my short to help you all!

mitzy - 24 May 2010 09:28 - 259 of 474

what I like about you cynic you are completely insane..lol.

cynic - 24 May 2010 09:31 - 260 of 474

well you know i ALWAYS tell the truth!

mitzy - 24 May 2010 09:46 - 261 of 474

lol.

HARRYCAT - 24 May 2010 13:54 - 262 of 474

mitzy - 26 May 2010 08:45 - 263 of 474

Oil shares rebounding well today.

cynic - 26 May 2010 14:32 - 264 of 474

it's amazing what you can do with a dead cat!

mitzy - 26 May 2010 15:17 - 265 of 474

lol.

cynic - 27 May 2010 08:26 - 266 of 474

perhaps chariot with wobbly wheels and running out of enegi too

hlyeo98 - 28 May 2010 11:24 - 267 of 474

CHAR is rallying on its speedy wheels today.

cynic - 28 May 2010 11:26 - 268 of 474

so it is ..... i feel the urge to short another stack!

mitzy - 28 May 2010 12:11 - 269 of 474

150p here we come.

hlyeo98 - 28 May 2010 18:02 - 270 of 474

Citigroup has a big interest in CHAR and it is not likely to move downwards much.

mitzy - 04 Jun 2010 09:50 - 271 of 474

I should have known bteer still better late thannever.

cynic - 04 Jun 2010 09:54 - 272 of 474

than what? .... to hang on to the indian rope?

mitzy - 04 Jun 2010 10:40 - 273 of 474

I like RKH better than CHAR

Ich mag besser RKH als CHAR... alles klar.

cynic - 04 Jun 2010 11:39 - 274 of 474

ganz klar; ich auch aber habe ich die zwei noch viel mehr RKH und DES und noch

HARRYCAT - 04 Jun 2010 11:42 - 275 of 474

Oi, you guys, stop talking dirty!

mitzy - 04 Jun 2010 12:09 - 276 of 474

lol.

mitzy - 07 Jun 2010 13:06 - 277 of 474

wow this is amazing.

mitzy - 06 Sep 2010 08:21 - 278 of 474

I knew they could do it..

mitzy - 06 Sep 2010 08:21 - 279 of 474

I knew they could do it..

gibby - 06 Sep 2010 08:32 - 280 of 474

more to come imo - lol!!

kerrrrrrrchinnnnnnnnnnnnnnnng!

Balerboy - 06 Sep 2010 08:38 - 281 of 474

well done mitzy, you followed this one when the rest of us sat back and watched and waited. reckon drinks round your place, pink champers for me and a glass of pop for cyners.....(he can't manage alcohol....water works trouble....you know what i mean ) .,.

mitzy - 06 Sep 2010 08:41 - 282 of 474

lol..

cynic - 06 Sep 2010 08:57 - 283 of 474

it matters not to mitzy whether sp rises or falls as apparently all done for a laugh, so any profit will not buy more than a couple of pints, and a collapse will mean just being abstemious for a week

gibby - 06 Sep 2010 09:16 - 284 of 474

lol

take a look at snrp - apparently in the paper maasive coal find yet no rns
i have bought in there on a pure punt this morning
gl

mitzy - 06 Sep 2010 11:53 - 285 of 474

Dont you wish you were hot like me.

Balerboy - 06 Sep 2010 16:17 - 286 of 474

Medium to well done i reckon:))

mitzy - 27 Sep 2010 09:00 - 287 of 474

Once in every lifetime...

mitzy - 19 Oct 2010 11:45 - 288 of 474

Superb.

hlyeo98 - 26 Oct 2010 16:29 - 289 of 474

Keep on going, CHAR.

mitzy - 27 Oct 2010 08:49 - 290 of 474

Great performer in 2010.

hlyeo98 - 27 Oct 2010 12:43 - 291 of 474

The greatest... even DES can't beat it. LOL

mitzy - 28 Oct 2010 08:07 - 292 of 474

Superb er..200p easy today.

hlyeo98 - 28 Oct 2010 08:30 - 293 of 474

CHAR is the best...keep on buying.

cynic - 28 Oct 2010 08:36 - 294 of 474

silly question from the BB idiot - is this latest RNS about oil or gas?

mitzy - 28 Oct 2010 08:46 - 295 of 474

A billion barrels of oil cynic.
my new target is 250p.

cynic - 28 Oct 2010 08:47 - 296 of 474

that's quite a lot! ..... but no mention i think of what % is likely recoverable, and isn't that the important number? .... confess i find the industry jargon somewhat opaque

hlyeo98 - 28 Oct 2010 08:48 - 297 of 474

Not like DES

HARRYCAT - 28 Oct 2010 08:49 - 298 of 474

.

required field - 28 Oct 2010 08:56 - 299 of 474

I'm finding it a job to believe this one....not one well sunk...pure 100% speculation...but there you go 200p....incredible...missed it completely..

required field - 29 Oct 2010 13:18 - 300 of 474

End of the game here.....EK is shorting this big time....and a certain RF has joined in....280 million cap based on what ?....thin air....and if DES comes up dry...might just trigger a drop....why it would not sure....

cynic - 29 Oct 2010 13:21 - 301 of 474

i was very surprised to note what a poor record EK/TW have, but the bulletin makes quite interesting reading from time to time

Amount Gained on the Markets since last Report: Breakeven
Amount Retrieved from Bookmakers: minus 10,000

required field - 29 Oct 2010 13:23 - 302 of 474

I've been thinking about it for some time....and the market cap is nonsense.....100 million would be enough but close to 300 million pounds with no drilling in sight yet...crazy....has to peak and drop....

HARRYCAT - 29 Oct 2010 13:27 - 303 of 474

Yes, I think EK takes a %age position spread over a large number of stocks.

required field - 29 Oct 2010 13:34 - 304 of 474

I agree with him over this...that's how I missed the rise...just could not believe how far it could go....ridiculous sp.....second time only that I've shorted.....might get it right this time....

required field - 29 Oct 2010 13:51 - 305 of 474

Sp starting to slip.....little too early to say if this is going to be a trend but I can imagine a 30p drop in a matter of minutes if it gets going....

cynic - 29 Oct 2010 13:58 - 306 of 474

mitzy will be upset if that is the case

required field - 29 Oct 2010 14:00 - 307 of 474

She (I presume that she is a she) had better jump out quick.....been far too high for too long....

required field - 29 Oct 2010 15:46 - 308 of 474

What on earth are the bonkers crowd that are buying this doing...they should be selling.........

required field - 05 Nov 2010 18:35 - 309 of 474

Did a daft thing .....put a tight stoploss on...got stopped out at a profit....and then could not get another short !!!.....told me : I could only go long.....drat !....

HARRYCAT - 05 Nov 2010 20:27 - 310 of 474

From T1ps.com (EK):
"Chariot Oil & Gas (CHAR)s interims are out today. Was Shakoor comments as follows:

Lots and lots of fluff in this statement but the key point that stands out to me is that, at 193p, this company is worth 280m but held only 8m cash at period end.

Also, they have found an interesting way to spin a delay in the timetable for achieving a farm-out:

Dataroom Update: As previously announced, we have invited a select number of potential partners to review technical information on the Company's assets with a view to agreeing a farm in contract on one or more of the Company's projects. The dataroom visits have been going very well with excellent levels of interest from a range of blue chip companies. Due to unprecedented demand the dataroom schedule has been extended by 3 additional weeks and is now fully booked until the end of November. As well as scheduling new entrants, repeat visits have required that a second dataroom be opened in our London offices to accommodate all interested parties. As a result of this response, it is unlikely that a farm-in agreement will be concluded in the final quarter of the year so timing on this is expected to shift into early 2011. The feedback continues to be positive and management is delighted with the responses received to date.

Timescales also seem to be slipping for the renewal phase of the acreage where Petrobras have a farm-in interest too, where there doesn't seem to be any great rush on their part to get a well drilled. In fact, Petrobas's involvement as described by Chariot has been reduced to a single throwaway line rather than the previous effusing over their close partnership with a major.

I would merely add that Chariot is clearly a high risk investment. On it breaking down, the damage could be spectacular."

mitzy - 09 Nov 2010 08:50 - 311 of 474

Back to 200p then.

HARRYCAT - 16 Nov 2010 12:17 - 312 of 474

From Collins Stewart initiating coverage with a Buy recommendation, target price 275p.
"We are initiating coverage on Chariot Oil & Gas with a Buy recommendation and a target price of 275p/share (+48%). Chariot is a pure-play frontier exploration stock with a 30,000km2 position offshore Namibia and an independent assessment of gross unrisked resource upside at c.10bn bbl. We see strong potential catalysts for the stock in the coming months, but not yet from drilling the first well is up to a year away. Rather, we see catalysts in 1) farm-outs of the blocks to partners, which should give further validation of the quality of the upside potential and 2) subsequent announcements of specific drilling targets.

CPR highlights the scale of the upside potential. Chariot recently published an independent Competent Persons Report (CPR) from highly-regarded consultants NSAI. The report estimated gross prospective resources across the companys license areas of 10.1bn bbls on an unrisked basis, equivalent to 847mb net to Chariot on a risked basis. On receiving the report, Chariot estimated a total risked value for the licenses of 4.6bn, equivalent to $9.27/bbl.

Farm-down process the key to near-term share price performance. Although a frontier exploration play, the investment risks in Chariot do not lie in drilling at this stage, with first drilling only likely in late-2011. We think the upside in the next 6 months will be driven by the current process of Chariots farming down interests in its licenses. The level of industry interest in the farm-downs has reportedly been very strong necessitating a 2nd data room and an extension of the process. The market is often cautious of early-stage CPR estimates but if Chariot can bring in high quality partners in its North and Central blocks to add to its partnership with Petrobras in the South, this could be a major positive step.

Provisional NAV shows substantial upside. We expect firm drilling plans to be the second major catalyst for Chariot, with newsflow probably some time in 2Q/3Q11. At this stage we have constructed a provisional NAV based on drilling of two prospects in the Northern Area and two in the South. On this basis, we derive an NAV of 365p/share, nearly double the current share price. We have set our 275p target price at a c.25% discount to this figure. Although we would stress the high risks around these estimates at such an early stage, we think they are offset by the scale of the upside potential."

mitzy - 16 Nov 2010 15:57 - 313 of 474

One of my favorites.

required field - 16 Nov 2010 16:02 - 314 of 474

Complete claptrap from Collins Stewart.....I might even see if I can get another short on this.....and when you think that there are people paid to put out that crap......only the drill bit which is at least a year away can tell.....sounds like that labour lot again...you know...(the ones that have just been booted out)...perhaps they have got in on the oil ramping.....

mitzy - 23 Dec 2010 15:48 - 315 of 474

A winner in 2011.

required field - 23 Dec 2010 16:40 - 316 of 474

Only if they strike oil.....not sure when they will start to drill.....along with the Ocado man...on my short watchlists......

mitzy - 23 Dec 2010 18:17 - 317 of 474

Tipped in Shares today rf.

mitzy - 07 Jan 2011 08:30 - 318 of 474

This is going all the way.

Chart.aspx?Provider=EODIntra&Code=CHAR&S

mitzy - 10 Jan 2011 12:56 - 319 of 474

Wow another new high.

cynic - 10 Jan 2011 12:58 - 320 of 474

certainly glad i closed my short the other day!

mitzy - 10 Jan 2011 13:06 - 321 of 474

lol.

Balerboy - 10 Jan 2011 13:09 - 322 of 474

your 500 @ 20p lookin good mitz

HARRYCAT - 10 Jan 2011 13:12 - 323 of 474

.

mitzy - 10 Jan 2011 13:16 - 324 of 474

Thanks for that Bb.

hlyeo98 - 10 Jan 2011 14:02 - 325 of 474

CHAR will always trumph.

mitzy - 12 Jan 2011 08:13 - 326 of 474

Buy buy buy......

mitzy - 12 Jan 2011 13:13 - 327 of 474

Surprised there is no interest in this one..

my price target is 330p end 2011.

cynic - 12 Jan 2011 13:39 - 328 of 474

because at least for now, it's all hype and little or no substance

mitzy - 12 Jan 2011 13:42 - 329 of 474

With respect you said that 18 months ago at 25p....

cynic - 12 Jan 2011 13:43 - 330 of 474

i'm sure i did, and it still holds true ..... and if i had bought any, i'ld sure as hell have banked some profits, which i assume you have not

i actually looked back to 2009 - have a look at the chart while you're about it - 150+ down to about 30; true it has now got up to 230 or whatever, but for what good reason? ..... at least XEL has some logic and ditto RKH

mitzy - 12 Jan 2011 13:47 - 331 of 474

You know me cynic ..lol.

hlyeo98 - 12 Jan 2011 14:16 - 332 of 474

The only way is UP for CHAR, baby.

cynic - 12 Jan 2011 14:25 - 333 of 474

why?

mitzy - 12 Jan 2011 14:50 - 334 of 474

yo hlyeo...

hlyeo98 - 12 Jan 2011 15:17 - 335 of 474

Because it is the Shares mag this week. Favourable comment.

mitzy - 12 Jan 2011 15:21 - 336 of 474

Yes thats correct.

Balerboy - 13 Jan 2011 07:43 - 337 of 474

3 billion oil..... bugger me!!!

cynic - 13 Jan 2011 08:00 - 338 of 474

i know i'm incredibly thick, but having just opened this week's issue on line, i see no mention of CHAR whatsoever

anyway, the market certainly believes some story

Balerboy - 13 Jan 2011 08:08 - 339 of 474

9.2 bn in total for char.....how did i miss that one??? well done mitzy.,.

cynic - 13 Jan 2011 08:12 - 340 of 474

estimate of gross unrisked mean prospective resources ...... what does that actually mean in terms of likely recoverable, always assuming the "prospective" evolves into some kind of actuality - which of course DES's did not

hlyeo98 - 13 Jan 2011 08:20 - 341 of 474

It's not Believe, it's the truth.

cynic - 13 Jan 2011 08:21 - 342 of 474

it seems that i MAY have been wrong with my scepticism about CHAR, though time will tell if they truly have got something worthwhile on their books ..... accordingly, i have allowed myself to be suckered in with a modest number (50%), so i shall now wait and watch

at least i already banked a modest profit on these on the opposite tack!

mitzy - 13 Jan 2011 08:22 - 343 of 474

I told you to buy yesterday.

hlyeo98 - 13 Jan 2011 08:32 - 344 of 474

Me too, cynic, don't be so skeptical next time. So you are in today.

halifax - 13 Jan 2011 08:38 - 345 of 474

cynic so you don't think this is a case of more "pie in the sky"?

cynic - 13 Jan 2011 09:15 - 346 of 474

i really don't know hali ...... i would rather like a comment from someone like Big Al who is an actual (ex)oily and knows what he is talking about, rather than just the likes of TossA who, like MRSI, is totally bound up by rising/falling angles, inverted and hairy teacups et al

hlyeo - a good dose of scepticism with shares in no bad thing .... it lessens the chances of making a total and ruined pratt of oneself

mitzy - 13 Jan 2011 09:24 - 347 of 474

Hay mas tiempo que vida.

Balerboy - 13 Jan 2011 09:30 - 348 of 474

mitz talking in code......funny hand shakes next ;))

required field - 13 Jan 2011 09:35 - 349 of 474

I've thrown the towel in here...if you can't beat'em..join em....so I'm in....shorting is out of the question with a possible huge discovery on the cards....wish I jumped in a year ago now...

mitzy - 13 Jan 2011 09:37 - 350 of 474

lol Bb..

You are a long time dead..!

cynic - 13 Jan 2011 09:38 - 351 of 474

cheer yourself up by looking at the chart back to 2009 ...... you would then see that you could well have done your dosh big time - still not impossible! - and it is only within the last couple of months that the 2009 level of 150p was surpassed.

meanwhile, as hali correctly intimates, it is yet to be proven whether or not this latest guff is real or just real pie

if it's real, then there's still plenty of pennies to be made - if banked

cynic - 13 Jan 2011 09:41 - 352 of 474

indeed, i see that now the market has digested further, sp is up a bare 6p ..... so perhaps a further dose of cynicism will not be untoward

TopAnalyst - 13 Jan 2011 09:57 - 353 of 474

cynic, the guru of BS LOL!!

markymar - 13 Jan 2011 11:17 - 354 of 474

I smell that the cap in hand coming,they aint got much money left hence ramp the price up with the same hype.

hlyeo98 - 13 Jan 2011 11:33 - 355 of 474

Cynic, now you say you don't know after making so many comments on this thread. So are you in CHAR or not?

cynic - 13 Jan 2011 11:53 - 356 of 474

answered in 342 ..... am i convinced it was a smart move? .... no

HARRYCAT - 13 Jan 2011 12:34 - 357 of 474

Just a cautionary note from The FT sector watcher:
"Chariot Oil & Gas - CHAR LN
More spivvery from the CHAR boys, with yet another increase in estimated prospective resources offshore Namibia, now up to a remarkable 13bn barrels of oil from 10bn barrels previously (now 9.7bn barrels net to CHAR). On the basis of recently acquired 3D seismic, the group also now believes that the chance of success on its primary "mega-structure" has increased from 16% to 20%. I'm more concerned about the fact that the group has yet to announce a farm-out to a partner, something it has been promising for months, and there's no mention of that in today's release. Don't get me wrong - there is enormous potential in Namibia, I'm just not sure CHAR warrants the eight-fold increase in its share price during the past 12 months to give it a current market cap of over $500m. Shares probably go better today, but at some point soon they need to deliver. Long-term sell in my view.

cynic - 13 Jan 2011 12:54 - 358 of 474

thanks harry ... TossA will no doubt preach that we don't know what the f we're talking about

TopAnalyst - 13 Jan 2011 14:37 - 359 of 474

you dont, tossa.

mitzy - 13 Jan 2011 14:41 - 360 of 474

Itsa 10 bagger for me I'm happy to hold to 330p.

markymar - 13 Jan 2011 14:44 - 361 of 474

what about funding they have 10 mill left tops, they keep hyping the size of the fields up with out even drilling.......its a bubble and its going to get popped.

cynic - 13 Jan 2011 14:46 - 362 of 474

TossA will PROVE to you that you are just a total and utter imbecile to hold such beliefs - or at least until he decides the facts he propounds have changed

TopAnalyst - 13 Jan 2011 14:50 - 363 of 474

Is that before the retrace to a more realistic 180p, or after?

TopAnalyst - 13 Jan 2011 14:50 - 364 of 474

cynic, all anyone needs, to know the depths of your investment prowess, is a proctologist.

cynic - 13 Jan 2011 14:55 - 365 of 474

those jerusalem artichokes really are giving you a bad case of wind ..... try taking some slippery elm

TopAnalyst - 13 Jan 2011 14:58 - 366 of 474

slippery elm? beats your job of sucking a fishermans friend LOL!!

cynic - 13 Jan 2011 15:10 - 367 of 474

ain't as good as sucking the fisherman, especially if he's been at sea a few days

hlyeo98 - 13 Jan 2011 15:25 - 368 of 474

Oh, cynic, you certainly have experience on that one.

cynic - 13 Jan 2011 15:26 - 369 of 474

i do i do ...... yummy yummy! double rations of salt

ptholden - 13 Jan 2011 22:33 - 370 of 474

Prospective Resources = Pie in the sky and will remain pie in the sky until CHAR get on with some drilling. Even then, the prospective resources (meaning chance of discovery) will only become Contingent Resouces (meaning chance of development) if they find something and then possibly Reserves (meaning chance of commerciality).

I guess CHAR can declare prospective resoucres to thier hearts content, but they haven't discovered a single barrel.

mitzy - 14 Jan 2011 08:08 - 371 of 474

Bob Tyerman tipped these at 27p.

mitzy - 27 Jan 2011 08:41 - 372 of 474

amazing ability to rise every day.

required field - 03 Mar 2011 08:59 - 373 of 474

Rocketing as well.....amount of oil in the ground is mind boggling....10 billion barrels ?....I wish for an immediate spud please .....

mitzy - 03 Mar 2011 09:09 - 374 of 474

Superb.

cynic - 07 Mar 2011 08:19 - 375 of 474

and then you suddenly get whacked by a fairly large discounted placing in which you have no chance of participating .... had be regretting slightly that i did not hold these, but not today

Balerboy - 07 Mar 2011 08:28 - 376 of 474

even so, if your in like mitzy from 20p i doubt if he/she cares.,.

cynic - 07 Mar 2011 08:29 - 377 of 474

meanwhile, i have just bought a few as fall now looking overdone with very few sellers

HARRYCAT - 07 Mar 2011 09:24 - 378 of 474

required field - 07 Mar 2011 09:50 - 379 of 474

The sp will recover.....big fund raising can do this......the amount of possible oil in the ground is mind blowing ; 13 billion barrels....only the Saudis have something like that !.

cynic - 07 Mar 2011 10:03 - 380 of 474

as a layman, i'm pretty suspicious of that "big number" ..... if i understand correctly, that is just the amount they THINK is there but has yet to be proved, and further, the % then recoverable, once anything at all is found, is perhaps 40% of that

required field - 07 Mar 2011 10:08 - 381 of 474

It does seem rather large.....TRP is another oilie in that area worth keeping an eye on....

cynic - 07 Mar 2011 10:22 - 382 of 474

recollect getting rather singed on TRP a while back ...... while they will of course rocket if they ever find anything worthwhile, i'ld have thought CHAR to be a better bet in that region - being well counter-balanced by AFR (other coast!) and TLW

markymar - 07 Mar 2011 10:40 - 383 of 474

Do you not think the board think it was at a at silly overhauled price and thought lets raise a huge amount of money which they did and have played a blinder.

Still overhauled!!!

cynic - 07 Mar 2011 10:50 - 384 of 474

perhaps, but quite possibly a turn to be made

HARRYCAT - 07 Mar 2011 16:43 - 385 of 474

Again, just a cautionary note from The FT sector watcher:
"CHAR this morning announces a 90m ($146m) equity fundraising at 250p/share, a hefty 18% discount to Fridays close. I mentioned a couple of weeks ago that there was a good chance of a sizeable fundraising happening soon, hence todays news is no huge surprise. The cash will be used to fund the groups initial drilling activities on its offshore Namibian acreage, including the drilling of a well on its 100%-owned Northern acreage ($65m), a second well on its 50%-owned Southern acreage ($25m net CHAR), as well as the acquisition of 5,000 sq km of 3D seismic ($50m). The first well is due to commence drilling in Q4 this year, although Im not aware that a rig has actually been signed yet.
Id be cautious of getting involved with this one, I suspect that the reason the group has gone to the equity market for cash is that it has not been able to attract decent farm-out terms from industry CHAR has had a data-room open since February 2010. The group maintains that it will conclude a farm-out deal by the end of this month, Ill be interested to see the terms. Whilst the group claims it is targeting over 10bn barrels of prospective resources (net) across 12 exploration leads, these all appear extremely high-risk, and the stock remains a long-term sell in my view.

mitzy - 07 Mar 2011 19:24 - 386 of 474

I am cancelling the FT from tomorrow.

cynic - 07 Mar 2011 19:54 - 387 of 474

i suspect this is just the FT BB and not the pink paper itself

HARRYCAT - 07 Mar 2011 21:27 - 388 of 474

No, not the discussion board, but the oil sector watcher for the FT. He can be a bit bearish!

cynic - 09 Mar 2011 16:37 - 389 of 474

just got out in closing auction for b/e ..... stock seems disinclined to head north

hlyeo98 - 28 Apr 2011 16:27 - 390 of 474

Is CHAR a buy or sell now?

hlyeo98 - 03 May 2011 18:30 - 391 of 474

I guess it's a sell, 215p now, on a daily drop recently.

gibby - 03 May 2011 19:08 - 392 of 474

needs to break 220 otherwise expect further southerly movement

hlyeo98 - 06 May 2011 09:36 - 393 of 474

Looks like 180p support, if that breaks further downtrend.

HARRYCAT - 09 May 2011 15:26 - 394 of 474

UBS broker note:
We initiate coverage with Buy ratings on three small-cap, Africa-focused E&Ps Chariot, Cove and Bowleven where we see significant upside
potential through exploration and M&A. To assess this potential, we look at:
The geological history of the basins to which these companies are exposed, and the potential for further or future oil/gas discoveries. Political, fiscal, financing and commercial risks, and management track record. The valuation of the companies based on a NAV approach, and the upside that each company offers in the event of further near-term discoveries.
M&A potential: the attractiveness of each company to a corporate buyer.
We believe the best opportunity lies with Chariot Oil & Gas (Buy, PT 450p), which offers 1630% upside to the current share price for two successful wells, is trading at a significant discount to NAV (60%), and has seen recent share price weakness relating to comments by Namibias minister of mines which we believe do not affect the outlook for Chariot.

mitzy - 09 May 2011 15:44 - 395 of 474

Thanks for that Harry.

jkd - 09 May 2011 18:50 - 396 of 474

do they have their percentages right?
regards
jkd

HARRYCAT - 09 May 2011 20:23 - 397 of 474

I think it is just badly worded. Their current PT (price target) is 450p, but (I think) their next statement implies that should the next two wells be successful, they would anticipate a 1630% increase in the sp (taking it to 3260p from 200p). Maybe?

Toya - 09 May 2011 20:39 - 398 of 474

? Surely not! Even shares in Shell are not that much!

More likely to be 163% - though even that doesn't work as it would bring the price to 355p from the current 218p.

HARRYCAT - 09 May 2011 20:47 - 399 of 474

Yes, but there are a total (A & B) of 6,290,000,000 shares in issue with Shell and only 181,000,000 with CHAR! But the UBS %age does look odd. I will try and track the note down and have another look.

HARRYCAT - 09 May 2011 20:53 - 400 of 474

No. It's correct:
"Chariot is our top pick among the AIM-listed E&Ps. We see around 1630% upside to the current share price if both of its first two wells offshore Namibia are oil discoveries (drilling in fourth quarter/first quarter).

Yes, that's right. UBS thinks Chariot is undervalued to the tune of 1630%, although its initial price target is a more modest 450p. The bank said:

We believe sub-Saharan Africa has become one of the most exciting exploration regions of the 21st century, having seen 128bn barrel of oil equivalent of discoveries to date according to Wood Mackenzie. Given the rapidly increasing interest, we believe exploration successes will continue over the coming decade.

We have chosen to look down the market cap list at E&Ps that we believe could potentially double in size (or more) through exploration and/or M&A. We have chosen three companies with assets representing different geological basins, all 'frontier ', where we believe companies could make transformative discoveries. Additionally, we believe all three companies have M&A potential.

Toya - 09 May 2011 21:01 - 401 of 474

We should all be piling into CHAR in that case! - sounds like a goldmine, never mind an oil well!

HARRYCAT - 09 May 2011 22:22 - 402 of 474

Lots of 'ifs' however! If the price of oil stays high, if the wells are successful, if the country's government remains stable, if they don't need more financing etc etc.....

gibby - 10 May 2011 21:23 - 403 of 474

hmmm
cheers H i had missed that UBS note - certainly food for thought here

Balerboy - 12 May 2011 07:55 - 404 of 474

Think my purchase of char yesterday will be lookin good today.,.

gibby - 12 May 2011 08:01 - 405 of 474

rns today - yeeeeeeeeeeeehaaaaaaaaaaaaaaaaaa

Chariot resources upgraded by 1.5 billion barrels

gibby - 12 May 2011 08:02 - 406 of 474

baler - it certainly should - gl

gibby - 12 May 2011 08:04 - 407 of 474

l2 looking strong!!!

Balerboy - 12 May 2011 08:19 - 408 of 474

market not impressed max 224 now back to 213p

gibby - 12 May 2011 08:49 - 409 of 474

i know - its a good job they did not upgrade by more than a mere pathetic miserly 1.5 billion barrels - sp would have dipped below 200 if so - lets have some real bad news sp might fly then - crazy world - lol

gibby - 12 May 2011 08:49 - 410 of 474

even xel is up!!!

mms should be sectioned!!

Balerboy - 13 May 2011 10:19 - 411 of 474

Now char is on the move in the right direction......400p here we come.,.

Balerboy - 13 May 2011 13:49 - 412 of 474

10% + so far.,.

gibby - 13 May 2011 17:12 - 413 of 474

much better than yesterday - as long as this goes north (as it rightly should) maybe a gradual rise is better than a swift spike for the long term - i can wait just a tad disappointed yesterday after great rns - have a good weekend

Balerboy - 23 May 2011 09:07 - 414 of 474

Taking a bashing today, hope it doesn't last.,.

hlyeo98 - 16 Jun 2011 12:28 - 415 of 474

I don't think CHAR deserves to be 190p

markymar - 23 Jun 2011 09:57 - 416 of 474

falling like a Rock today on what news

markymar - 23 Jun 2011 12:15 - 417 of 474

i better re phrase that its fallen off a cliff

Balerboy - 23 Jun 2011 12:35 - 418 of 474

Ha! brokers touting 400p not long ago.....tossers

markymar - 23 Jun 2011 12:59 - 419 of 474

Aim market not a good place to be at moment.

Balerboy - 28 Jun 2011 09:10 - 420 of 474

Making me feel better this morning, nice rise hope it continues.,.

Proselenes - 04 Aug 2011 02:16 - 421 of 474

Well, at circa 140p with 250M market cap, given the multiple billions of recoverable potential, I got some.

Will just tuck them away and wait, there is just too many billions of barrels potential here - once deals are done and drilling is announced this will easily be a 600M to 750M market cap company - and thats before the first drills.

Easy money to be made for a little bit of patience.

Proselenes - 04 Aug 2011 02:17 - 422 of 474

And given this thread has no charts of anything, I will start a new one.

markymar - 30 Nov 2011 08:15 - 423 of 474

Easy money Pro........Guess RKH was a safer bet.

Chart.aspx?Provider=EODIntra&Code=CHAR&S

hlyeo98 - 30 Nov 2011 11:38 - 424 of 474

No rig and more delays in Namibia.

HARRYCAT - 30 Nov 2011 12:19 - 425 of 474

FT oil sector watcher comment:
"CHAR has failed tosecure a drilling rig to drill its large Tapir South prospect offshore Namibia before year-end due to the tight market for deepwater rigs globally. Whilst disappointing, the group had flagged this as a risk in an IMS in October, but nevertheless I imagine the shares will react negatively. The group is now hoping to secure a rig by Q2 next year although clearly there is no guarantee of this. Frustrating for the group, following the well-received farm-out it completed to BP in August whereby the latter is taking 25% of CHAR's 50% stake in return for carrying its costs on the well. Short-term can't see much of a reason to hold the stock. "

HARRYCAT - 30 Nov 2011 12:20 - 426 of 474

Peel Hunt comment:
"A tightening in the deep-water rig market has meant that Chariot has found it difficult to secure an appropriate rig for a one-well drilling slot. The rig option that had been indentified has been contracted elsewhere and is no longer available. As a result Chariot will not spud Tapir South before end-2011, as previously guided.

The Tapir South prospect (592mmbbl net) is located in block 1811a in Chariot's 100%-owned northern licence area and is scheduled to be the first exploration well to be drilled across its portfolio.
Short-term negative - It is now expected that Tapir South will be drilled in Q2 2012. The shares will likely weaken on this news, but we highlight the investment rationale for Chariot remains firmly intact, albeit with an anticipated six-month drilling delay.
Rig contracted elsewhere - We understand the rig that had been identified to spud Tapir South before year-end has been contracted to another operator in Angola, and so management is now considering other options to locate and sign a contract with another contractor.
Despite the tightness in the market for the right type of deep-water rig, we understand there are several options available and this means the new guided date ought to be achievable. So despite missing the near-term target, Tapir South will still be tested inside the next six months.
An indirect potential benefit from the drilling delay lies in the now increased chance of completing a farm-out over the northern blocks before drilling takes place. Chariot now has more time to progress discussions on this front, so the introduction of a new larger partner into the licence before the 2Q12 spud is more likely.
Although this mornings news will likely have a short term negative impact, we retain our Buy recommendation and 250p target price."

mitzy - 14 Dec 2011 09:41 - 427 of 474

I cant believe Peel Hunts 250p target.

Balerboy - 14 Dec 2011 20:07 - 428 of 474

Are you not a follower now mitz?

mitzy - 14 Dec 2011 20:16 - 429 of 474

not at the moment Balerboy.

HARRYCAT - 15 Feb 2012 12:05 - 430 of 474

Stockmarketwire.com
Chariot Oil and Gas (LON:CHAR) has completed the 3,500 square kilometres of 3D seismic data to identify further drilling targets offshore Namibia.

The survey covered the company's Central Blocks, targeting 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 is under way and the company expects to report the results in the second half of this year.

Chief executive Paul Welch said: "This 3D seismic survey is the largest undertaken by Chariot to date and, due to the Geostreamer 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."

Balerboy - 15 Feb 2012 12:11 - 431 of 474

Oh well whats a bit longer to wait before more drilling.......,.

Balerboy - 27 Mar 2012 20:19 - 432 of 474

This one climbing nicely..... I wonder if £4 is still on the books?? another 15p and I break even at the mo.,.

parrisf - 04 Sep 2012 10:48 - 433 of 474

Anyone know the reason for the drop?

HARRYCAT - 04 Sep 2012 13:24 - 434 of 474

Daniel Stewart note today:
"It may be the classic AIM tree shake, but it seems unlikely that Chariot are anywhere even close to announcing a result from the well. There are plenty of rumours of gas shows but, with this being a 3,350 metre drill, it seems unlikely that they will have reached target depth yet.

One to watch, could be an elephant of a field! Or not!

We see the results as being the number one upcoming catalytic event for Chariot’s share price; in the event of a success we anticipate a dramatic upturn. However, in the event of the well coming up dry, a collapse is more than likely.
We believe that the current share price represents a good buy-in point and that the market is under-estimating the chance of success of the Kabeljou-1 well. Netherland and Sewell has independently assessed the Nimrod prospect as having a 24% chance of success but the current market cap indicates that the market is rating this far lower. We thus re-iterate our Buy recommendation and 202p target price."

HARRYCAT - 04 Sep 2012 13:32 - 435 of 474

Chariot Oil & Gas Limited
Response to Share Price Movement

Chariot Oil & Gas Limited (AIM: CHAR), the independent Africa focused oil and gas company, notes the recent fall in the share price.

As announced on 27 July 2012, the drilling of the Kabeljou exploration well on the Nimrod prospect has commenced and operations are continuing. The results of the well are not yet known. Once the well has reached TD and the results have been logged a further announcement will be made.

cynic - 04 Sep 2012 13:37 - 436 of 474

daniel stewart must be company brokers!

Balerboy - 10 Sep 2012 09:18 - 437 of 474

So where does char go now..... down the pan or .... is there more drillilling?

HARRYCAT - 10 Sep 2012 09:22 - 438 of 474

StockMarketWire.com
Chariot Oil & Gas has revealed disappointing results from the Kabeljou exploration well in the Orange basin offshore Namibia.

The company said preliminary logging results indicate that no commercial hydrocarbons were found and the well will be plugged and abandoned.

All pre-drill reservoir targets were evaluated.

The well intersected the Nimrod delta as planned, although the reservoir was less developed than anticipated at this location.

A comprehensive evaluation programme was conducted to further understand the stratigraphy, lithology and the nature of the formation fluids in this remote area.

Detailed analyses will now be undertaken on the data collected and this information will be used to calibrate the existing data set.

A resource update of the remaining prospectivity in the block will be provided once this evaluation has been completed.

Chief executive Paul Welch said: "Whilst the results from Kabeljou are disappointing, the fact that we encountered source rock within this well is important.

"The Nimrod prospect was our largest target in the south but there are still other areas of interest in this licence and these well results may provide us with the ability to identify additional prospectivity in other horizons.

"Information of this detail is invaluable when working in frontier environments so this well will have a significant impact on our future exploration programme.

"We will be discussing these findings and the next steps with our partners Petrobras and BP and will update the market with plans in due course."

HARRYCAT - 10 Sep 2012 13:32 - 439 of 474

Peel Hunt comment today:
"The drilling result at Chariot’s much anticipated high-impact exploration well offshore Namibia is a dry-hole. We had previously carried 480p/sh on a risked basis for the Nimrod prospect, however stripping this out of our RENAV leaves us with only adjusted balance sheet cash of £67.7m or 33p/share as Core NAV. We set our target price just above this at 40p/sh until we have clarity on which firm prospects may become the focus of Chariot’s next exploration drilling campaign and could therefore be included within a near-term drilling programme. We understand the large Delta-1 lead (711MMbbl P50 net), located in the central blocks could feature in the Chariot’s drilling plans in 2H13. Following this morning’s news we downgrade from Hold to Sell.
Poor reservoir quality: Despite intercepting a mature source rock, we understand target reservoirs were less well developed than anticipated, ie reservoir characteristics such as porosity and permeability were poor. In the immediate future partners will now undertake an evaluation of all geological data obtained in an effort to understand remaining prospectivity within the block, we point out the full implications with regard to future upside on the licence will not be known until this is complete.
Central blocks to come into focus: Following this morning’s disappointment Chariot will now focus its efforts on the interpretation of the new 3D seismic over the central blocks where a 3,500km2 survey was recently completed. Guidance has suggested that drilling could take place here by 2H13 at the earliest. With respect to the 4 to 5 well drilling programme… Chariot has c$100m on the balance sheet and we anticipate that a well in the Central Blocks to test Delta-1 next year will likely cost c$60-65m; considering this along with ongoing G&A and the cost of additional G&G work in Mauritania (acquisition of new 3D survey) and Namibia, we suggest that in order to meet the drilling programme further farm-out activity will be necessary.
Valuation and recommendation: Despite having a robust balance sheet with c$100m net cash, Chariot’s pipeline of drilling related news looks to have run dry until 2H 2013 at the earliest. In the absence of any near-term potential material share price catalysts we expect the shares to fall considerably and point out the ultimate back stop to valuation will be our estimate of Core NAV (predominantly cash) of £67.7m or 33p/share.
With limited news flow in the short-term (except 3D seismic in the central blocks) that could be meaningfully supportive for the shares we move to a Sell recommendation."

magicjoe - 11 Sep 2012 11:54 - 440 of 474

Share price staying around NAV cash of 33p today

Is she ready for the bounce back ( cat ) and go for a punt?

Chart.aspx?Provider=Intra&Code=CHAR&Size

magicjoe - 11 Sep 2012 14:43 - 441 of 474

It does not seem like just yet down to 31.875p

magicjoe - 26 Oct 2012 09:57 - 442 of 474

Director thinks is time to pick up some stock at under 30p >>>>>>>>>>>>

Director Deals - Chariot Oil & Gas Ltd (CHAR)

Paul Welch, Chief Executive Officer, bought 20,000 shares in the company on the 25th October 2012 at a price of 29.20p. The Director now holds 500,000 shares.

cynic - 26 Oct 2012 14:38 - 443 of 474

MJ - your tone and slightly earlier chart indicates that you think CHAR will have a little burst for glory from 29.1p ..... do you think charts and similar have a true value for these minnows? ..... i confess i am not entirely convinced, though i suppose if the average PI gets it into his head that it's time to jump in, then there's a good, though probably short, momentum play to be had ..... is that the way you see it?

Balerboy - 26 Oct 2012 14:43 - 444 of 474

Nothing wrong with momentum plays the difficult decision is when to stay long.,.

cynic - 26 Oct 2012 14:47 - 445 of 474

i agree, but as MJ uses charts to determine his entry point, i was merely raising the question of a chart's validity for a minnow

Balerboy - 26 Oct 2012 14:51 - 446 of 474

It's done me no harm and keeps trading interesting, but must say this is an odd chart and won't be dabbling just yet.,.

">

js8106455 - 15 Nov 2012 16:47 - 447 of 474

Video presentation with Chariot Oil & Gas (AIM-CHAR)
Paul Welch, Chief Executive Officer
AIM quoted Chariot Oil & Gas holds frontier acreage offshore Namibia and recently diversified into Morocco and Mauritania.

Click the link below:

http://www.brrmedia.co.uk/event/106556/paul-welch-chief-executive-officer

magicjoe - 03 Jan 2013 15:21 - 448 of 474

29.50 / 29.75p

On the bounce with good volume today, and after profit taking, buyers are back again

magicjoe - 18 Jan 2013 14:44 - 449 of 474

Having a good move up today, getting ready for a BREAKOUT from the last Intraday high

Volume and oil price rise will help to the objective

Chart.aspx?Provider=Intra&Code=CHAR&Size

chuckles - 18 Jan 2013 16:37 - 450 of 474

What's the oil price got to to with it?

CHAR don't have any oil and are a long way off to actually find any.

magicjoe - 18 Jan 2013 17:33 - 451 of 474

FUNNY

Are their licence for gold then?

Another one with no idea of how the market works.

do some research this weekend if you got time.

------------------------
Stock On Loan

Chart.aspx

cynic - 18 Jan 2013 17:34 - 452 of 474

chuckle chuckle chuckles - i knew you would draw some abuse; keep it up old bean! ..... perhaps question whether licences = blue sky = black gold!

magicjoe - 18 Jan 2013 17:53 - 453 of 474

Has broken through the 50 days EMA ( resistance ) on short term RISING TREND

Chart.aspx?Provider=EODIntra&Code=CHAR&S

cynic - 18 Jan 2013 17:56 - 454 of 474

come on MJ, break the habit of a lifetime and tell us what level you are now targetting

==================

good grief!
i see CHAR were 200 in march/april last year and then collapsed almost as impressively as VOG did all those years ago

magicjoe - 21 Jan 2013 11:45 - 455 of 474

Keeping Up Appearances is the way some act.

I am keeping with the share price rise once again today

Has been bouncing from side way 26 / 28p bottom

cynic - 21 Jan 2013 11:46 - 456 of 474

to repeat .....
come on MJ, break the habit of a lifetime and tell us what level you are now targetting

magicjoe - 21 Jan 2013 13:32 - 457 of 474

BREAKOUT

Very close to the break last Friday the chart was given the signal of the breakout by the LARGE VOLUME. A long way to go now on this open space with a GAP to be filled up to 80 / 90p once it reaches 39.50p

Chart.aspx?Provider=EODIntra&Code=CHAR&S

chuckles - 21 Jan 2013 19:47 - 458 of 474

Silly me, I should have realised that the price of oil is very important for a company that doesn't produce a drop of oil. Not only that but their two flagship drills also failed to find oil in commercial quantities despite having been ramped to contain 13 billion bbls OIP. How did they miss?

I see gold is trading at $1685 per ounce, this is fantastic news for me, I don't think it matters that I don't actually have any gold, do you?

magicjoe - 21 Jan 2013 23:26 - 459 of 474

re - Silly me

Very much so

One has to be, to Take the P1ss of ( Itself ) and have a "cynic" as company

and fail to buy CHAR on top, when it was a screaming BUY mainly on the chart not on the Gold price rise

magicjoe - 22 Jan 2013 09:22 - 460 of 474

Continuing with the rise, it helps the Oil price is also on the up

I hope the " killjoys " get a spanking for doing so ........

Oil Futures Edge Up; Brent Tops $112/bbl

Crude-oil futures edged upward in Asian trade Tuesday, extending the previous week's gains on upbeat oil market projections and positive economic data from China and the U.S.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at $95.67 a barrel at 0702 GMT, up $0.11 in the Globex electronic session. March Brent crude on London's ICE Futures exchange rose $0.33 to $112.04/bbl.

Despite strong economic growth in China--7.9% in the fourth quarter--uncertainty surrounding fiscal policy in the U.S. and Europe has capped oil prices.

U.S. House Republicans on Monday introduced a short-term debt bill that will extend U.S. borrowing authority until May 19, and will meet Tuesday afternoon to discuss the bill in advance of a vote Wednesday.

In Asia, however, the Bank of Japan committed itself to a 2% inflation target and an open-ended asset-purchasing program, pledging to carry on buying financial assets as long it deems necessary.

"There may be problems to worry about down the road but the current sentiment is to enjoy the moment, join the momentum and don't listen to the killjoys," PVM said in a research note.

It said developments in Algeria supported Brent last week with a gain of 79 cents/bbl compared with only 10 cents/bbl for WTI, due to which the March WTI-Brent differential was $15.85/bbl.
The desert siege of a remote natural-gas complex in Algeria by Islamist militants led to the death of 37 foreigners, officials said, raising concern about the safety of Western oil installations in North Africa.

The WTI-Brent differential could temporarily widen again before a more permanent narrowing later in the year, analysts at Commerzbank said in a note. WTI oil prices have been weaker than Brent because of excess oil stocks at Cushing.

"The currently record-high stocks at Cushing could decline more slowly than expected as many refineries in the Midwest and on the U.S. Gulf Coast are planning to undertake extensive maintenance work," Commerzbank said.
Societe Generale said Brent crude made gains since early November and may bounce higher in the short term, though there is significant risk of a correction because it is nearing the upper limit of technical resistance.
Nymex reformulated gasoline blendstock for February--the benchmark gasoline contract--rose 68 points to $2.8036 a gallon, while February heating oil traded at $3.0758, 233 points higher.

ICE gasoil for February changed hands at $968.75 a metric ton, up $4.25 from Monday's settlement.

chuckles - 22 Jan 2013 10:09 - 461 of 474

I'm sure Chariot will be delighted with the cost of oil. They can look forward to much greater revenues in say 5 years time when they might have found the black gold and even have some to sell.

In the meantime I am over the moon with the price of yellow gold, if only I could find some to sell! Lol :)

cynic - 22 Jan 2013 10:50 - 462 of 474

further chuckles chuckles! ..... you're lining yourself up for some typical MJ personal abuse.

MJ's pretty pix and comments are often interesting and useful (unlike his pavlovian knee-jerk abuse) ...... however, sometimes he chooses to portray himself as a short-term momentum trader (which is what i think he is) and at other times, because he got greedy and forgot to sell at a good profit (BAO!), that he is in it for at least the medium term.

magicjoe - 22 Jan 2013 11:26 - 463 of 474

Chariot Oil & Gas (CHAR):
Extended Base To Target 80p Plus / By Zak Mir
PUBLISHED: Jan 21 2013 @ 16:13

Chariot Oil & Gas (LSE:CHAR): Initial January Resistance Break

You might think that waiting until Chariot Oil & Gas shares are up nearly 10 per cent today is leaving it a little late as far as getting on the bottom fishing bandwagon here.
But it should be said that at least from a technical perspective there is a method in the madness. This is because it seemed wise to wait on an end of day close back above the initial January resistance at 31.8p – the neckline resistance of an extended base formation in place on the daily chart since September.

Now it can be said that while there is no end of day close back below the former peak of this month the stock has probably served up a trend change – at least getting it back in recovery mode.
The expectation now is that we shall see the shares head higher towards the pre 2012 slump support in the low 80p’s and towards the present position of the 200 day moving average at 77p.
At this stage only back below January support around 27p on a weekly close basis would really be enough to kill Chariot’s rebound prospects for now.

cynic - 20 Feb 2013 08:43 - 464 of 474

"why no whooping an' hollering from the fans of this crock o' shit?" asks cynically caustically

Dixiedodo - 10 Mar 2013 19:41 - 465 of 474

I think za is right...timescale might be off...but in essence...yes..

www.helioschariot.com - about as rational and logical as it gets without the BB BS.

doodlebug4 - 25 Sep 2013 14:32 - 466 of 474

I've been reading back through this thread with interest after seeing all the Director's buys announced yesterday at 18.80p. Share price has certainly gone seriously South.

Chart.aspx?Provider=EODIntra&Code=CHAR&S

mitzy - 03 Jan 2015 19:07 - 467 of 474

mitzy - 09 Apr 2016 07:36 - 468 of 474

Signs of a recovery here.

mentor - 05 Oct 2016 13:49 - 469 of 474

Chariot Oil could soar 35% soon - By Alistair Strang | Wed, 21st September 2016 - 10:42

Chariot Oil could soar 35% soon Back in 2012, Chariot Oil & Gas (CHAR) was one of the first shares we employed our "real life" targeting methods, successfully mapping the rise to just over 2 quid with exquisite precision.
Unfortunately, what happened after it reached this upper target was as precise and the price reversed below 175p, and some grotty drop potentials made themselves known.

Of course, when the price gapped down to 55p on May 12th, it entered an entirely new phase of existence, one which calculated a bottom at 3p eventually.

In a slight saving grace, it now looks like Chariot bottomed at 4p and all targets given in our last outlook in March this year have been achieved.

The share price is now hopefully entering the first phase of undoing the damage caused by price manipulation in 2012 - the second phase commencing when the price manages to actually close above the dashing blue downtrend currently at 15p. Thankfully, a couple of things have happened recently which hint this may actually prove possible.

small%20use%20TT%20chart%20Wed%201.jpg

Firstly, the Solid Blue line has been the ruling downtrend and Chariot - closing at 8.12p on the 20th - has successfully closed a session in safety. The ruling trend is currently at 7.996p mid-price! This creates the situation where movement now above just 8.9p points at continued growth to 12p next with secondary a longer term 15.5p. Importantly, future closure above that Dashed Blue line is seen as facing an attraction of 22p.

Of course, this could all be a dreadful mistake but the share would need close below blue (7.996 currently) to justify any alarm. If wanting an excuse to be afraid, intraday traffic below 7.5 would break the immediate uptrend in minute by minute mode since the 14th September.

HARRYCAT - 15 Dec 2016 08:38 - 470 of 474

StockMarketWire.com
Chariot Oil & Gas says it has continued to progress and enhance its portfolio over the past 12 months while protecting its position in challenging market conditions.

It says that as a result of a combination of prudent cash management, partnering, securing new acreage and maturing the portfolio while capitalising on current seismic costs, it has been able to preserve a strong cash position while developing an inventory of drill-ready prospects with material follow-on potential. Chariot expects an unaudited cash position at year-end of approximately US$25 million. The company remains debt free with cash in excess of licence commitments.

The company says it continues to evaluate new venture opportunities to further enhance the portfolio through the addition of value accretive assets.

Chief executive Larry Bottomley said: "We have made significant progress throughout the year, proactively pursuing our exploration programmes, completing another farm-out, maturing our current portfolio and securing further prospective acreage in line with our strategy of rigorous portfolio management and capital discipline.

"As we reported at the time of our interim results, we are now focused on delivering three exploration wells in the next two years. We expect the tough market conditions to continue into the next year but Chariot has established a strong position within this environment which will allow us to deliver on our plans."

mitzy - 18 Mar 2017 10:04 - 471 of 474

smashing chart for 2017.

HARRYCAT - 20 Mar 2017 06:20 - 472 of 474

Hmmmm.....not sure why this year is any different from the last five?

mitzy - 20 Mar 2017 11:42 - 473 of 474

The Market likes it Harry.

HARRYCAT - 30 Apr 2018 09:35 - 474 of 474

StockMarketWire.com
Chariot Oil & Gas said Monday that the Rabat Deep exploration well failed to find a hydrocarbon accumulation.

This comes after the Rabat Deep 1 well was safely drilled to a total depth of 3,180m. The well did, however, penetrate thick top seal and tight, fractured carbonates in the primary Jurassic target.

'Whilst the results of the Rabat Deep 1 well are very disappointing, the fact that we encountered tight carbonates in the Jurassic target with a thick top seal will be invaluable in calibrating the existing data sets and determining the implications for the prospectivity in the Rabat Deep Permits,' the firm said.

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 firm said.

Chariot said it was on track and fully funded to drill Prospect S in Namibia in the second half of 2018 targeting a gross mean prospective resource of 469m barrels.

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Another beaten up oil junior starting to bounce (CHAR)

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