Tag Archive for Chariot Oil & Gas

CORRECTED – Chariot Oil & Gas – Farm-out or placing?

****UPDATE – In our original piece we incorrectly quoted CEO Larry Bottomley from yesterday’s shareholder call. The original budget estimate for Prospect S remains at $20m-$25m, of which Chariot’s share is 65%. We have edited the piece below to reflect this. The remaining analysis still stands**** Chariot Oil and Gas (LSE:CHAR) is currently sitting at 8.5p…

Duff drill cripples Chariot Oil & Gas and reinforces the importance of a solid funding strategy (CHAR)

Chariot Oil & Gas (LSE:CHAR) reminded commodity firms how important it is to correctly manage their funding strategy yesterday. The company’s shares collapsed by nearly a third on the back of an unsuccessful drill in Morocco. Chariot failed to find any accumulation of hydrocarbons at the Rabat Deep 1 well in Morocco, where it owns…