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.

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

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

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

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?

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

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.

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 :)

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.

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.

"why no whooping an' hollering from the fans of this crock o' shit?" asks cynically caustically

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.

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.

Signs of a recovery here.

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.



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.

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."

smashing chart for 2017.

Hmmmm.....not sure why this year is any different from the last five?

The Market likes it Harry.

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.