Chariot Oil & Gas Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9671477
There was a trade for 1,170,498 (1,501,315 shares traded in total that were not showing yesterday) at 78.45p at 17:49 last night. It appears as a buy and I would have thought that the share price came down yesterday to fill this order. By allmines ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9671477&action=detail Wed, 23 May 2012 07:05:00 GMT allmines tag:iii.co.uk,2003:tst.9671236
25% chance this goes to 500p+ and even reach £10 on a mega find.
75% chance this goes to 40p on a duster

If you accept that you may lose half of your money on a duster or multiply your money by c10 times on success then CHAR is for you.

By Star_Trader ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9671236&action=detail Wed, 23 May 2012 01:30:00 GMT Star_Trader tag:iii.co.uk,2003:tst.9671192
If they hit the wrong strike we will all be crying like Gazza. By peterboroughmatt ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9671192&action=detail Tue, 22 May 2012 23:22:00 GMT peterboroughmatt tag:iii.co.uk,2003:tst.9671106 http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9671106&action=detail Tue, 22 May 2012 22:16:00 GMT ninya tag:iii.co.uk,2003:tst.9671069 http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9671069&action=detail Tue, 22 May 2012 22:00:00 GMT Woods6456 tag:iii.co.uk,2003:tst.9670698
http://uk.reuters.com/article/2012/05/22/petrobras-plan-idUKL1E8GMC7020120522

* E&P makes up $117.5 bln or 57 pct of current plan

* CFO expects cash from new giant fields in 3-4 years

* Company expects exchange-rate impact on dollar debt

RIO DE JANEIRO, May 22 (Reuters) - Brazil's state-led oil company Petrobras may increase its exploration and production budget when it revises its five-year plan later this year, in an effort to speed up and boost output, Chief Financial Officer Almir Barbassa told reporters.

Exploration and Production, or E&P, is budgeted to receive $127.5 billion, or 57 percent, of Petrobras' $225 billion investment plan for 2011 to 2015. The plan, the world's largest corporate investment program, is expected to be revised by sometime in August, Barbassa said last week.

"We have opportunities to expand in oil production," Barbassa said at the Rio Investors Day event in Rio de Janeiro. "The challenge is to build productive capacity and put it into operation. If that requires more resources, E&P will get more resources."

The Rio de Janeiro-based company plans to more than double output to 6.42 million barrels of oil and natural gas equivalent a day (boed) by 2020, 98 percent of it in Brazil.

With planned output from other companies such as OGX Petroleo e Gas SA, Royal Dutch Shell Plc., Chevron and others, Brazil is expected to produce more 7 million boed and overtake the U.S. as the world's No. 3 producer.

Despite enormous investment, Petrobras has been unable to expand output quickly. Delays in adding production and costs related to expansion have undermined profit in recent quarters and the company's stock is now worth less than it was before announcing the discovery of giant new offshore fields in October 2007.

Those fields are expected to generate strong revenue and cash flow in three to four years, Barbassa said.

The fields, south of Rio de Janeiro, are expected to more than double proven reserves to more than 30 billion barrels in coming years, Petrobras said in 2010.

The region, and surrounding areas in the Santos and Campos basins, may contain as much as 100 billion barrels, according to the Brazilian Petroleum and Gas Institute at the State University of Rio de Janeiro.

Barbassa also said that recent declines in Brazil's currency, the real , have raised the cost of servicing the company's debt. The company has $76 billion of debt, or 70 percent of its total, denominated in dollars.

The real has weakened 11 percent so far in the second quarter. If it maintains those declines during the quarter, the company will suffer financial losses on its dollar-denominated obligations.

So far this year, the real has lost 9.4 percent, the biggest decline among the 36 most-traded currencies tracked by Thomson Reuters against the dollar.

Since May 3, the yield on Petrobras' 6.75 percent, dollar-denominated bonds has jumped 40 basis points to 5.71 percent from 5.31 percent. A basis point is 0.01 percentage point.

Petrobras preferred shares, the company's most-traded class of stock, fell 2.25 percent to 19.94 reais on Tuesday. (Reporting by Leila Coimbra; Additional reporting by Jeb Blount; Writing by Jeb Blount; Editing by M.D. Golan) By dannoC ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9670698&action=detail Tue, 22 May 2012 19:52:00 GMT dannoC tag:iii.co.uk,2003:tst.9670209
saying that extremely happy we will be drilling soon.

bring it on! By jove1776 ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9670209&action=detail Tue, 22 May 2012 16:26:00 GMT jove1776 tag:iii.co.uk,2003:tst.9670105 http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9670105&action=detail Tue, 22 May 2012 15:55:00 GMT threefour tag:iii.co.uk,2003:tst.9670034 By Girdz ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9670034&action=detail Tue, 22 May 2012 15:38:00 GMT Girdz tag:iii.co.uk,2003:tst.9670004 http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9670004&action=detail Tue, 22 May 2012 15:32:00 GMT ajay86 tag:iii.co.uk,2003:tst.9669963
http://www.bp.com/sectiongenericarticle.do?categoryId=9015382&contentId=7028108
By Maka Paka ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9669963&action=detail Tue, 22 May 2012 15:24:00 GMT Maka Paka tag:iii.co.uk,2003:tst.9669843
I think also eco oil are very good at marketing themselves also and have been doing the rounds drumming up investors. Also interesting that they listed in namibia too. Always good to get good figures like these released as they tend to give a boost to all the Namibian focused oilers.

Real shame we didnt strike on the tapir first time lets hope we get the due rewards with nimrod. By jove1776 ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9669843&action=detail Tue, 22 May 2012 15:00:00 GMT jove1776 tag:iii.co.uk,2003:tst.9669820 http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9669820&action=detail Tue, 22 May 2012 14:55:00 GMT aquos tag:iii.co.uk,2003:tst.9669734
By jove1776 ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9669734&action=detail Tue, 22 May 2012 14:38:00 GMT jove1776 tag:iii.co.uk,2003:tst.9669691

that is a lot of oil.

Puts Eco oils at 12.7 billion barrels when you take into account 70% across the prospects

by my calculations the price per barrel for eco oil is valued at less than 1 cent. By jove1776 ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHAR.L&display=discussion&id=9669691&action=detail Tue, 22 May 2012 14:28:00 GMT jove1776