Malcy's Blog Malcy's Blog – 18 Jun 19 Malcy's Blog: Oil price, Sound, Hurricane, Chariot And finally... Malcy's Blog: Malcy's reaction to oil sector news as it arises. Oil price, Sound, Hurricane, Chariot And finally... “With an EIA already under way the project could see appraisal operations in 2020. Along with this and a Drilling EIA, the opening up of the partnering process should lead to a wide range of potential strategic partners ‘throughout the energy value train’. All in all Chariot appear to be getting on in the exciting Lixus Offshore Licence and prospects are looking most interesting.â€
Slick new website and nice RNS re Anchois gas study …very much like the new Chariot - always seems to have an eye on Shareprice as well. (09:50) “At the moment we’re still valued just about cash (4-5p/sh, ~US$19m), and therefore the value of Lixus (70mmboe) is still to feed threw that shareprice and hopefully as we continue to progress the asset, that value will feed threw for new & existing shareholders.†(09:50)
Slick new website and nice RNS re Anchois gas study Study confirms development of Chariot Oil & Gas’s Anchois gas field ‘very feasible’
Slick new website and nice RNS re Anchois gas study Hmm, almost makes you wonder why it’s down nearly 10% today ! TP emphasized text
Slick new website and nice RNS re Anchois gas study Loving the new website, very professional, matter of fact slickest I have seen in a while , puts mid tiers to shame… Lovely RNS… hope market starts taking notice if us… been a long time between partnering announcements…hopefully very close soon.
Africa E&P Summit – May 2019 I agree, shareprice is not yet at all reflecting the 70mmboe Anchois Discovery we have acquired 6 weeks ago. Anyway, surely the industry players we are negotiating with will acknowledge the value of Lixus and as you suggest any partnering will have another great impact on Chariot O&G shares. Prior to the partnering catalyst I expect a steady rise to >10p until July/August 2019 supported by the release of feasibility & gas market studies and results from seismic reprocessing. CharBooom.png1429x690 37 KB
Africa E&P Summit – May 2019 This share should be so much further ahead by now, with the addition of Lixus. I guess we are suffering from the ‘Bottomley effect’. This is what happens when you upset the market and spring nasty surprises one (or more) too many times. I guess we’ll have to wait until confidence is restored through partnering with someone credible. It’s a shame as things are looking pretty good at the mo.
Africa E&P Summit Presentation – May 2019 Africa E&P Summit and Exhibition Africa E&P Summit and Exhibition The Africa E&P Summit and Exhibition brings together Africa’s upstream industry at a world-class venue in London for a unique event shaped for companies active in Africa’s oil & gas game. chariotoilandgas.com Chariot-presentation-Africa-EP-Summit-May2019.pdf 3.55 MB Feasibility study describes a development using existing technology with no critical item (p.08): 2-4 subsea producer wells connected via a 6 slot manifold (additional slots for future wells) 40 km 14†subsea flow line with control umbilical Onshore Processing Facility Export via 14†onshore Pipeline Anchois.jpg959x1343 416 KB
Director’s Dealings [link] “On 20 May 2019 Chris Zeal, a Non-Executive Director, purchased 198,023 ordinary shares in the Company (“Ordinary Sharesâ€) at a price of 5.0499p per share.â€
The end of the giant oilfields Interesting article, paints a frightening picture on future energy supply. No idea how rapid production from the Saudis will decline, but if and when it happens it will most likely have a massive impact on global economy. In my opinion nuclear energy (not that I like it) will become the main source of energy going forward.
The end of the giant oilfields Interesting article about Ghawar oil field and it’s rapid decline. This has been a closely kept commercially sensitive, secret for some time. I think a number of us suspected it when ARAMCO was floated, as a means of generating alternative and diversified revenue sources. New technology means that the decline side of the oil production curve is much more rapid than it used to be, so this is a significant moment in the history of the oil energy business. The article is a bit OTT, but probably not that far off the mark. I’d be interested to hear your views.
Malcy's Blog: Oil price, Chariot, JOG, Soco, IOG And finally and another one: twitter.com Chariot Oil & Gas (Chariot_Oil) Malcy on Chariot O&G at 22:50. [link] 2:10 AM - 14 May 2019
Shareprice Movement, Volume and NewsFlow on Anchois Discovery Next catalyst: Feasibility study expected to be released in June CFO*: “Even taken into account the recent rise we are still only valued at cash. And therefore the value of the Lixus license has yet to feed through to the shareprice.†04/02/19: 01.38m (2.25p) 04/03/19: 14.96m (2.76p) (Award of Lixus, Anchois) (Malcy‘s blog) (finnCap article) 04/04/19: 43.95m (3.90p) 04/05/19: 12.17m (3.69p 04/08/19: 18.66m (4.40p) (Malcy Podcast) 04/09/19: 08.04m (4.00p) 04/10/19: 03.32m (3.95p) (2018 Final Results) (Malcy‘s blog) (finnCap article) 04/11/19: 02.33m (4.02p) 04/12/19: 07.14m (3.79p) 04/15/19: 02.31m (3.98p) (Malcy Podcast) 04/16/19: 02.89m (3.90p) 04/17/19: 10.77m (4.58p) (Video-Interview with CFO*) (Investors Chronicle article) 04/18/19: 01.91m (4.46p) 04/19/19: 00.00m (4.46p) 04/22/19: 00.00m (4.46p) 04/23/19: 05.89m (4.76p) (Malcy Talks) 04/24/19: 06.75m (4.43p) 04/25/19: 02.86m (4.78p) 04/26/19: 01.84m (4.72p) 04/29/19: 02.06m (4.76p) 04/30/19: 01.21m (4.45p) 05/01/19: 01.10m (4.45p) 05/02/19: 00.37m (4.36p) 05/03/19: 00.77m (4.39p) 05/06/19: 00.00m (4.39p) 05/07/19: 01.77m (4.65p) 05/08/19: 00.66m (4.61p) 05/09/19: 10.32m (4.90p) (CPR )(Video & Podcast) (Malcy‘s blog)(finnCap article) 05/10/19: 02.44m (5.17p) 05/13/19: 01.34m (5.02p)
Malcy's Blog: Oil price, Chariot, JOG, Soco, IOG And finally I am also surprised we’re still trading only fractions above cash, but Volume must not necessarily be an indicator on what is going on behind the scenes. For example, SP was downtrending on low Volume the day(s) before the Award of Lixus has been announced.
Malcy's Blog: Oil price, Chariot, JOG, Soco, IOG And finally Surprising price action (non-action) especially given the news flow and abundance of seemingly excellent news. Volume doesn’t seem to indicate anything going on behind the scenes. A little bemused!