preciousmaj
02 Dec 2019
Exploration Costs Net Book Value US$76m (16p/sh) I wouldn’t say those are achievements. The Moroccan well was used to push the share price up to 20p+ to help bail out the likes of Richard Griffiths and Sprott, you can see the amount of interviews LB was doing late 2017 and early 2018. After they bailed, we had an equity raise at 13p. Even if Chariot succeeded with the well, we only retained 10% equity in the licence. We managed zero cost on this licence, which is the only positive I would take from this. TexDrilla: The reason we have not farmed out Namibia is that no one wanted to pay the price we were asking for. That backfired then didn’t it? TexDrilla: shareprice would have rocketed if… But it didn’t TexDrilla: Given the historic low costs to drill at that time (US$12m net costs for 65%) I very much agreed with the company going forward to drill S-1 without partnering. How can you say that you were happy with drilling alone due to the low drilling cost when we were led to believe that we will not drill unless we partner? Please study the timeline that I have posted carefully. We were led to believe that we will have a tier 1 farmout to cover seismic costs then tier 2 farmout for drilling - was this achieved? Other companies managed to farmout their acreage, who is responsible at Chariot for demanding too much?
TexDrilla
02 Dec 2019
Exploration Costs Net Book Value US$76m (16p/sh) preciousmaj: Look at this timeline from early 2016, what have been the achievements since then? We’ve drilled two wells, 10% Morocco JP-1, net drilling costs: free carried (net 77mmbbls) 65% Namibia S-1, net drilling costs US$12m (net 305mmbbls) shareprice would have rocketed if… The reason we have not farmed out Namibia is that no one wanted to pay the price we were asking for. Given the historic low costs to drill at that time (US$12m net costs for 65%) I very much agreed with the company going forward to drill S-1 without partnering. Unfortunately it was a dry well.
preciousmaj
01 Dec 2019
Exploration Costs Net Book Value US$76m (16p/sh) Look at this timeline from early 2016, what have been the achievements since then? 1239EB38-5CEE-46A1-85D2-5B1D3647D837.jpeg1241x1327 301 KB
preciousmaj
01 Dec 2019
Exploration Costs Net Book Value US$76m (16p/sh) We can only recover back costs if the company can farmout, there has been no partnering since March 2016 - why do you think the company has been unable to conclude partnering discussions?
preciousmaj
01 Dec 2019
Chariot O&G Unrisked NPV US$9.87bn (2071p/sh) 2071p/sh I wish there was a PMSL emoji that I could use to describe this.
TexDrilla
29 Nov 2019
Total drilling in Namibia Maersk DrillingFleet Status Report [link] Maersk Voyager Awarded Conditional Letter of Award for a three-well exploration campaign with Total E&P in Angola and Namibia, plus an additional two one-well options, with expected commencement in the end of 2019. Namibia Southern Blocks Option.png683x599 412 KB
TexDrilla
29 Nov 2019
Kudu Gas investors say they remain 'fully committed' to develop resource New Era Live – 26 Nov 19 Kudu Gas investors say they remain 'fully committed' to develop resource WINDHOEK – Following an announcement last week that government has shelved the Kudu Gas Power Plant project to consider cheaper sources such as renewable energy, the operator of the Kudu license BW Kudu has come out in defence of the development,... Chariot retains an option to back-in for 10% equity at no cost after exploration drilling in the Southern Blocks, in return for which the Company will facilitate the partnering programme led by NAMCOR, the Namibian State Oil company.
TexDrilla
29 Nov 2019
Exploration Costs Net Book Value US$76m (16p/sh) Partnering may lead to a Recovery of these Costs As at 30 June 2019: Namibia US$50.8 million (10.7p/sh) Morocco US$9.8 million (2.1p/sh) Brazil US$15.4 million (3.2p/sh) Value Triggers.png1189x883 71.4 KB
TexDrilla
29 Nov 2019
Chariot O&G Unrisked NPV US$9.87bn (2071p/sh) (Core + Contingent + Visible exploration + Prospect value) [link] Risked NPV US$187.5m (41p/sh) Market Cap US$17.1m (3.6p/sh)
Ram38
26 Nov 2019
Is Larry Bottomley the right man to lead Chariot? Invested in Chariot almost 2 years ago at 18p just before the placing debackle and failed drill where everyone seemed to know about the placing and the failed drill before the investors. Held on because of the endless Jam tomorrow promises but now I rarely bother to even check the share price. A supposed bird in the hand with the Anchois discovery but again it seems to have come to nothing and I suspect that under the leadership of LB and deal will have a sting in the tail. I think my lack of enthusiasm for this share is mirrored by the lack of enthusiasm in the market place and the reason for this is clear, it’s LB. If this is indeed a real company with real aspirations and with some desire to make a mark on the indistury then its time for change and Larry needs to go.
theprior
26 Nov 2019
Question Time - Please Contribute The answer to your last question is undoubtedly yes. (The clue is in the sp which continues to languish). I’ve hung on cos it’s not worth selling at these levels but I’ve no confidence in Larry pulling us out of the mire. Needs new management with solid plans to raise revenue!
preciousmaj
26 Nov 2019
Question Time - Please Contribute Where have all of the shareholders who participated in this poll gone? Surely all of them can’t have sold and moved on Please contribue to the new polls about LB by following the below link: Is Larry Bottomley the right man to lead Chariot? Market Discussions The common issue among shareholders is that Larry Bottomley is not the man to lead this company. Please vote in this POLL and also share your opinions on LB. I will see how many votes this generates, if we get to double figures then I intend to forward a link to this post to the person running the show - Adonis POUROULIS. YES he is the right man to lead the company as Chief Executive Officer NO he is not the right man to lead the company as Chief Executive Officer … Only 16 shareholders have voted on the main poll and there’s 8 votes on the second poll, which is pretty poor to be honest. Only a few shareholders have commented too - has everyone lost interest in their shareholding?
preciousmaj
25 Nov 2019
Is Larry Bottomley the right man to lead Chariot? I don’t think everyone will want to state how many shares they have but lets start a poll asking the question. Please note that this poll is ANONYMOUS, no one will see your answer. How many shares do you have in Chariot Oil & Gas? Between 0 to 250,000 Between 250,001 to 500,000 Between 500,001 to 750,000 Between 750,001 to 1,000,000 Between 1,000,001 to 1,250,000 Between 1,250,001 to 1,500,000 Between 1,500,001 to 2,000,000 Between 2,000,001 to 3,000,000 Between 3,000,001 to 4,000,000 Between 4,000,001 to 5,000,000 Between 5,000,001 to 6,000,000 Between 6,000,001 to 7,000,000 Above 7,000,001 0 voters
dctiffield
24 Nov 2019
Is Larry Bottomley the right man to lead Chariot? That’a lot SF. I only have a poultry 325,000
Spitfire
22 Nov 2019
Is Larry Bottomley the right man to lead Chariot? PM. Interesting to know how many shares the 16 no voters ( 100%) speak for. Myself I have advised,…6,570,000 shares. I think this is a resounding message to send to AP .
