Chariot Oil & Gas Live Discussion

TexDrilla 10 May 2019

Malcy's Blog: Oil price, Chariot, JOG, Soco, IOG And finally Malcy on Anchois Resource Upgrade: “Chariot has clearly done a very good deal in the shape of Lixus and this CPR adds to that substantial potential, the shares up again today but only to 5.3p have much upside especially if you bear in mind the 4p of cash per share on the books.” Malcy's Blog – 9 May 19 Malcy's Blog: Chariot, Genel, VOG Malcy's Blog: Malcy's reaction to oil sector news as it arises. Chariot, Genel, VOG

TexDrilla 09 May 2019

CEO Interview on CPR update (youtube) Another interview podcast with Chariot O&G CEO Vox Markets Chariot Oil & Gas, Vadim Alexandre on Motif Bio Plus Chris Bailey on BT,... Real time AIM Market investment news, RNS feeds, watchlists & expert insight from Fund Managers, CEO’s & Analysts. Vox Markets the definitive source for AIM Market news, insight & analysis.

NoQuestionMarks 09 May 2019

CEO Interview on CPR update (youtube) The 90mmscf per day for 10 years option coinciding with a 10 year tax free holiday sounds like a cheap and profitable way to go. If we are going for the satellites too it would seem sensible to ramp up production to get as much out as possible in the tax free period. Possibly producing as early as 2023… I’ll believe it when I see it. As always with CHAR, plenty of ifs and buts. They just have to get the deals done. However, I’m glad I doubled down at 2.5p to bring my average to 4p. Good luck all

dctiffield 09 May 2019

CEO Interview on CPR update (youtube) Larry is looking increasingly like a cheshire cat. Let’s hope he really has found the cream. Good update and lots of specifics. I get the sense they feel they are really on to something.

TexDrilla 09 May 2019

41p/sh - finnCap twitter.com Chariot Oil & Gas (Chariot_Oil) Following the release of a CPR for the Anchois discovery and its satellite prospects on the Lixus Licence, offshore Morocco, @finnCap have increased their price target on the Company from 37p to 41p/sh. The note can be found on the finnCap investor portal: [link] 1:42 AM - 9 May 2019 What is interesting about finnCaps valuation is that they have adopted an extra layer of risking for the discovered A, B & C sands (423bcf), a 25% Commercial CoS to factor in the need for a farm-out to fund appraisal drilling and development funding. On that basis the risked NAV of only the A&B sands (discovered and contingent resources) amounts to 15.6p/sh (unrisked 62.4p). Obviously the actual Commercial CoS is much higher, should at least be within the range of 75%, on that basis the risked NAV of A&B sands would amounts to 46.8p/sh, again only for A&B. All in all the 41p risked NAV on Chariot seems reasonable and conservative.

TexDrilla 09 May 2019

CEO Interview on CPR update - Share Talk Video Share Talk – 9 May 19 Chariot Oil & Gas Ld (LON:CHAR) CEO Larry Bottomley – CPR Update Competent Persons Report on the Anchois Discovery, Morocco Remaining recoverable resources upgraded to in excess of 1 Tcf of gas Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins

TexDrilla 09 May 2019

Upgrade of audited total remaining recoverable resource to be in excess of 1 Tcf for Anchois and its satellite prospects So remaining recoverable resources ~100bcf greater than expected. Nice. Also nice to have an independent party confirming commerciality of Anchois. Pipeline of Newsflow ahead of us. Next time (June?) on results of feasibility study. GLA

TexDrilla 09 May 2019

Upgrade of audited total remaining recoverable resource to be in excess of 1 Tcf for Anchois and its satellite prospects Competent Persons Report on the Anchois Discovery, Morocco Remaining recoverable resources upgraded to in excess of 1 Tcf of gas Larry Bottomley, CEO commented: _"This independent third party evaluation confirms that the Anchois discovery and its nearby satellite prospects presents Chariot with an exciting and commercially attractive development opportunity. The combination of a de-risked resource base in a fast-growing energy market, with high gas prices and a need for increased supply is highly attractive to a wide range of strategic partners throughout the energy value chain. _ We anticipate a period of sustained news flow on this exciting project going forward, which should further unlock the value of the Lixus licence, with the results of the feasibility and gas market studies expected to be announced in due course."

Ripley94 08 May 2019

Eco (Atlantic) Oil & Gas Ltd ECO… XXXX This the only one out of the three I do not have. Maybe I should ??

Ripley94 03 May 2019

Billion Barrel Play Openers CHAR… XXXX It did not on reflection a good slice two weeks on . Showing 11% up spread 18% waste of time looking at it.

TexDrilla 02 May 2019

Morocco Tendrara Gas Sales Agreement Sound Energy receives gas sales proposal from Morocco’s state power firm Proactiveinvestors UK Sound Energy receives gas sales proposal from Morocco’s state power firm Sound Energy PLC (LON:SOU) - The offer envisages a variable price linked to Brent plus a fixed element to cover gas transportation costs. The offer envisages a variable price linked to Brent plus a fixed element to cover gas transportation costs. Sound provided an example, based on current Brent pricing at US$70-75 per barrel, which would see it receive between US$8.50 and US$9 per million British thermal units. It also assumed the pipeline fee to be US$1 per mln BTU. [link]

TexDrilla 26 Apr 2019

Exxon Acquires Northern Licences in Namibia “given that a new licence would entail significant additional investment both in capital and time, management considered it too high risk to justify further near term exploration expenditure. Whilst Chariot considers the acreage to remain prospective, this decision was made in line with the Company’s focus on portfolio management and capital discipline.” (Oct 14) I wonder how much that additional investment would have amounted to? I suppose it would have been a fraction of the ~US$80m we’ve spent to drill Tapir South! Annoying, but anyway, it’s all water under the bridge now. I see much more shareprice upside potential coming from the development of our 70mmboe Anchois discovery than we would get from acquiring those Exxon Blocks in Namibia. Looking forward to the release of Anchois CPR in May & Anchois development feasibility study in June.

preciousmaj 25 Apr 2019

Exxon Acquires Northern Licences in Namibia Chariot previously owned the Northern Blocks 1811A&B that covered an area of 5,481km² and are located to the north of the Walvis Ridge in the Namibe Basin. They drilled a unsuccessful well in 2012, gained an approval to move to Second Renewal Phase on 31st October 2012 but on 23rd October 2014 opted not to apply for a new exploration licence for the blocks.

preciousmaj 25 Apr 2019

Exxon Acquires Northern Licences in Namibia [link] ExxonMobil acquires more exploration acreage offshore Namibia IRVING, Texas – ExxonMobil said today it will increase its exploration acreage in Namibia with the addition of approximately 7 million net acres (28,000 square kilometers) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710 and 1810, and farm-in agreements with NAMCOR for blocks 1711 and 1811A. Adds approximately 7 million net acres in four additional deepwater blocks Enhances footprint in frontier acreage Exploration activities to commence in 2019 The blocks extend from the shoreline to about 135 miles (215 kilometers) offshore Namibia in water depths up to 13,000 feet (4,000 meters). ExxonMobil plans to begin exploration activities in 2019, including acquisition of seismic data and analysis. “These agreements provide ExxonMobil with an opportunity to explore for hydrocarbons using advanced technology in the frontier Namibe basin,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We will employ our significant upstream experience and technological expertise and work in close collaboration with NAMCOR in exploring these blocks.” ExxonMobil will operate blocks 1710 and 1810 and hold a 90 percent interest; NAMCOR will hold a 10 percent interest. ExxonMobil will assign 5 percent of its interest to a local Namibian company. ExxonMobil will be operator of blocks 1711 and 1811A, and will hold an 85 percent interest. NAMCOR will retain a 15 percent interest. ExxonMobil also holds a 40 percent interest in the PEL 82 license offshore Namibia, comprising about 2.8 million gross acres (11,500 square kilometers).

Ripley94 17 Apr 2019

Billion Barrel Play Openers CHAR… XXXXXX Sliced that last top for 4.5 today. Hope it continues above my other buys.