Tuesday, June 16, 2015 3:02:11 AM
my position in Chariot O&G over the last few weeks,
because of the massive underevaluation by the market,
Current Market Cap US$38.4 million
versus
>US$50 million in Cash (YE2014)
>US$100 million in 3D seismic (>11,500km²)
8 operated licenses (in Brazil, Morocco, Mauritania, Namibia)
> 20 Billion boe of pmean prospective resources
potential to drill > 6 wells over the next three years
Dataroom open to farmdown all licenses to generate more Cash & Carried wells
Drill Ready in 4 licenses:
Mauritania C-19 (>3.5 Billion boe)
Namibia Central Blocks, (>6.5 Billon boe)
Morocco Rabat Deep (>7.9 Billion boe)
Morocco Loukos (460 bcf gas lead)
Will be Drill Ready in all other licenses in 2016
Key Catalysts 2015/16:
Partnering in all regions & Drilling (following successful farmouts)
GLA
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