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 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".

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

lol.

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

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

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

true....

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

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

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 !.

Because I bought @ 25p cynic.

that's no reason sp should go to 100

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!

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.

Wow...

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

lol..

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

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