Chariot Ltd. (OIGLF)

[DrillaHill]

The recent gigantic Natural Gas Discovery by Chariot’s neighboring explorers Kosmos & Chevron (Tortue prospect, up to 12 tcf) in Mauritania reminds me of the Billions of Dollar Acquisitions following the massive Natural Gas Discoveries in Mozambique 2012/13:

http://timesofindia.indiatimes.com/business/india-business/Govt-approves-OVL-OIL-buying-20-stake-in-gas-field/articleshow/23529378.cms
"ONGC Videsh Ltd and its partner Oil India Ltd acquiring a total of 20 per cent stake in a giant offshore gas field in Mozambique for over $5 billion. The resource accretion from this acquisition for 20 per cent interest would be around 10 Tcf which is about one-fifth of India's present proven gas reserves."

10 tcf for US$5 Billion!!,
I believe the 12 tcf discoverd by Kosmos is just the beginning,
I expect Mauritania will continue to make the headlines and will be the priority focus for Kosmos the next couple of years.



Chariot’s Datarooms in Mauritania will be crowded that’s for sure!!
Targeting four priority prospects with
1.8 Billion boe of gross mean prospective resources,
Chariot is the only Drill Ready Companyin Mauritania
with true Multibagger potential,
again Mozambique and the US$1.9 Billion takeover of Cove Energy springs to mind - 20 bagger:

http://www.reuters.com/article/2012/05/29/cove-ptt-mozambique-idUSL5E8GTH0U20120529
"Mozambique has approved Bangkok-based PTT Exploration and Production's $1.9 billion bid for UK-listed Cove Energy, Cove has an 8.5 percent stake in massive gas finds offshore northern Mozambique."

Corporate Presentation May 2015 (pdf)