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.

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

Superb er..200p easy today.

CHAR is the best...keep on buying.

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

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

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

Not like DES

.

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..

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....

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

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....

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

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....

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....

mitzy will be upset if that is the case

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

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

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 !....

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."