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.

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

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

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

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

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

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

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

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.

Bob Tyerman tipped these at 27p.

amazing ability to rise every day.

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

Superb.

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

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

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

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 !.

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

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

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