Chariot Ltd. (OIGLF)

[DrillaHill]

Reckon they will spud next week. Cormorant had a 15% chance of success, prospect S has 29%. Chariot O&G is targeting a different prospect type & age - results of Cormorant do not impact 29% chance of success we have on prospect S which has been derisked by the discovery of light oil from nearby Wingat well. Targeting 300mmbbls net to Chariot (65%) with historic low drill costs & Brent Crude Oil rocketing towards previous highs. If prospect S is a success what's your SP estimate in the success case?

#CHAR Historic low drill costs, however Brent Crude Oil rocketing towards previous highs. If prospect $ is a success what's your SP estimate in the success case? https://t.co/0Ii34XOYQz

📈 Prospect $ 459mmbbls
📈 Chariot 65%
📈 Spud Oct 2018 🌞
📈 367m shares (USD/GBP 0.72)

— BiG $ (@TexDrilla) September 26, 2018