Chariot Oil & Gas Live Discussion

theoryman 05 Feb 2020

Lack of... EVERYTHING? Hi, there are no consequences for them not replying to your emails. Seems very strange that they can get away with that sort of attitude but our local Primary School can’t! I was going to point out that there wasn’t a lack of everything, there was a specific occurrence that happened every day recently, going back into January. Working back from Close, the biggest trade going through was always a 100,000 Sell according to a site that still insists on labelling them. Today, however even that changed to 200,000

preciousmaj 05 Feb 2020

Lack of... EVERYTHING? At least you got a response Spitfire, I have been completely ignored by them. I didn’t get a response from AP either, I sent 1 email to him only and 3 emails to Larry Bottomley, Julian Maurice-Williams, Celicourt and Kelly Nunes. I copied AP in to these emails too. The drilling manager helped set an industry benchmark he helped save us $10m so can’t see him going anywhere in the near future. I wonder where he gets his arrogance from “An Experienced and Operationally Excellent In-House Team. With a combined knowledge base of over 200 years on the Atlantic Margin, Chariot’s in-house team has one of the best understandings of this geology amongst its peer group.” On a positive note, I have just come across LBs presentation at the 121 Oil & Gas Investment Conference that was held on 28-29 October 2019. From 7:50 onwards he says the following: “… we’ve got discussion going on with 2 mid-stream, down-stream strategic alliances. These 2 consortia have the potential to participate in the project at an equity level, at a debt level but also in developing the infrastructure. We’ve initiated discussions with gas offtakers both in Spain and in Morocco, and we have initiated discussions with finance providers and those discussions are with multi-lateral lending agencies, project finance, reserve based lending finance and nordic bonds and a variety of other agences. So we’re progressing all these 4 different streams to facilitate the potential for first gas from this project in 2023.” Again are these comment not considered as market sensitive, should we have had an RNS? Why are attendees at this conference being told information that is not in the public domain? It would be fantastic news if we’re able to conclude the agreements to form these 2 strategic alliances BUT why have the comments by the CEO been ignored by the attendees at the 121 Oil & Gas Investment Conference? I hope that he pulls a rabbit out of a hat but I will only believe it when we get the RNS to confirm. No amount of ramping will bring any positive sentiment here IMO, too much damage has been done. We just need the conclusion of these partnering processes and hope that the farm in partners are credible enough to bring back some positivity to Chariot.

Spitfire 05 Feb 2020

Lack of... EVERYTHING? I have as normal, and got a complete Fob off from Celicourt. Company is aware and working very hard bla bla bla… Complete load of bull sheet . I would get rid of the lot them… Joke for the day… Our drilling Managers linked in profile has “ Making hole” (which is an oilfield drillers term for getting after it with the bit ). as a key statement against his profile… 3 years he has been taking salary or day rate ( god I hope he’s not on day rate please) and he has overseen 3000 mtrs of straight forward vertical hole to find water… So let’s pro rota that… your average dentist drills more, much more. ! I do not know what to think here, completely lost, completely disillusioned, and completely pieced off ! I agree with everything you say PM Did you get a reply from Pouroulis before Xmas ?

preciousmaj 04 Feb 2020

Lack of... EVERYTHING? I don’t know what to make of the lack of communication from the company, the lack of updates on anything since September, the lack of interest from investors, the lack of PR apart from LB’s poorly conducted interview with Malcy, the lack of interest on bulletin boards from private investors who are normally quick to express their views and the lack of IR - I have not had a response to the last 3 emails that I’ve sent. The company have managed to completely destroy the little positive sentiment that we had from the Lixus acquisition. Nothing has come off since this acquisition and there seems little to no progress has been made on any of the other licences. We have a low bank balance and decisions will need to be made on whether we drop or drill soon but we’re clearly being fobbed off at the moment by the silence. No one is buying the “…we will be announcing partnering in the short term” ramp from LB, the share price would be multiples of what it is if people trusted this clown that we have as a CEO but why would anyone believe him after his track record? Why is he being allowed to carry on? These guys are getting away with daylight robbery, I urge EVERYONE to contact the company and send emails expressing your views - copy as many as you can including Larry Bottomley, Adonis Pouroulis, Julian Maurice-Williams, Celicourt, Kelly Nunes, etc. They can ignore a few of us but not all of us. It would be interesting to know how many of you have already contact the company and what sort of responses you have received.

TexDrilla 16 Jan 2020

Guajuru well - first out of 11 commitment wells in Barreirinhas Jornal O Estado do Maranhão – 16 Jan 20 Petrobras vai perfurar 2 poços em busca de óleo e gás em Barreirinhas Cronograma prevê primeira campanha com início em dezembro, para perfuração do poço Guajuru no BAR-M-175, e término em junho de 2021 Petrobras will drill 2 wells in search of Oil & Gas in Barreirinhas Schedule foresees first campaign beginning in December for Drilling the Guajuru well in BAR-M-175 and ending in June 2021… BAR-M-175.png644x602 292 KB

HelpOthersToo 15 Jan 2020

CEO Interview: Larry Bottomley, Chariot Oil & Gas preciousmaj: It Of course no one believes him, we all know that is probably pie in the sky. Or at least something said to keep PI quite for another three/four months whilst CEO and gang pocket their salaries. What happened to Brazil? What happened to Namibia? What happened to the highly irregular trading activities that took place just before announcing drilling results and capital raise? Everything they have done so far is for number one.

preciousmaj 15 Jan 2020

CEO Interview: Larry Bottomley, Chariot Oil & Gas theoryman: It’s only LB’s opinion that partnering will result, he is not guaranteeing it, everyone knows the talks are taking place, so I don’t think it meets the criteria for needing an RNS. It’s not just any OPINION, it’s coming from the horse’s mouth. Obviously as the CEO Larry knows more than us, his comment carries more weight than any comments that we make on the bb’s. We’re only giving our opinions based on the limited information available to us without knowing the full story. It doesn’t really matter anyway as no one seems to believe him

theoryman 11 Jan 2020

CEO Interview: Larry Bottomley, Chariot Oil & Gas Hi, I noticed the “aimless” sounding mistake right at the start but then again he is hardly renowned for his communication skills. Malcy’s questioning style was what you would expect from someone who has been bulling up the share. No point in him moving into interrogation mode anyway. The shutters would have come down with confidentiality clauses being used as the justification. It’s only LB’s opinion that partnering will result, he is not guaranteeing it, everyone knows the talks are taking place, so I don’t think it meets the criteria for needing an RNS. The potential benefits seem to be coming from the past failures to find commercial quantities of oil but there seemed to be no evidence of how things are progressing other than with Lixus. The market’s reaction, both to Malcy’s earlier blog comment and this video, is continued indifference. IMO it will only react when the exact terms of any partnering deal are released.

dctiffield 11 Jan 2020

CEO Interview: Larry Bottomley, Chariot Oil & Gas Agree with all your points PM. The revelation of imminent partnering is certainly market sensitive and I can only conclude he is a) still marketing as he has nothing or b) he is attempting to move the price for an imminent raise! Both of which are more than disappointing and verging on disingenuous or worse. Like you I note that the market is totally unimpressed, showing a total lack of faith in our CEO. The interview raced past Brazil and other prospects as if they were long forgotten. As LB said right up front, Chariot is an aimless company, quite possibly the only thing said close to the truth.

preciousmaj 11 Jan 2020

CEO Interview: Larry Bottomley, Chariot Oil & Gas A few years ago similar comments by Larry in regards to partnering would have resulted in a huge spike in the share price but times have clearly changed. Maybe it’s the lack of trust in Larry but what was the purpose of these comments about partnering in the short term? Why not just wait for the conclusion of the farmout process before announcing the result? There has been no communication since the interims in September and all of a sudden we get this interview, which is leading us to believe that partnering is at an advanced stage. We will have to wait and see what the outcome is but is this comment not market sensitive, should this have been announced by an RNS instead? There has been no end of year operational update, which is clearly a change of internal policy as we’ve had one every year. Maybe there wasn’t any new information to report apart from the current bank balance, which is too low to report IMO. The above leads me to believe that the plan was to ramp PR to conduct another raise, which is completely unacceptable at these levels and without conclusion of partnering. Maybe the plan has backfired already because the share price hasn’t reacted to Larry’s comments in this interview. PR was clearly ramped up late 2017 / early 2018 prior to a raise but I don’t think it will work again. Funds will be needed to develop Lixus but we need partnering concluded first to establish our requirements. We could have a host of interested parties looking to farm in, we could agree a standard farmout where we sell a share of the licence for a agreed fee but there are a number of ways this project could be funded such as agreeing a set fee based on the level of production. Without seeing these details shareholders are unable to determine the most economical way to proceed. If a raise is being planned, it needs to be conducted at over 15p IMO. Any price below this level would be a slap in the face of shareholders, it also needs to be accompanied by an open offer for current shareholders.

Spitfire 09 Jan 2020

CEO Interview: Larry Bottomley, Chariot Oil & Gas 2 Consortiums in advanced stages.

preciousmaj 09 Jan 2020

CEO Interview: Larry Bottomley, Chariot Oil & Gas 160 onwards “…we will be announcing partnering in the short term”

preciousmaj 09 Jan 2020

CEO Interview: Larry Bottomley, Chariot Oil & Gas

Spitfire 30 Dec 2019

Reasons for no update so far January…baby…transformational …IMHO.

Spitfire 30 Dec 2019

Reasons for no update so far Part 3.