Chariot’s shares have enjoyed a sharp resurgence following the recent award of new Moroccan acreage containing discovered resource. Even so, the shares still trade at a negative enterprise value, suggesting the market ascribes no value to its extensive acreage position. The market tends to shun companies without visible drilling plans or funding. However, Chariot has a strong partnering history and data rooms open covering a range of prospect/play types. A successful outcome will see th
10 Apr 2019
Chariot Oil & Gas - Cost controls and efficient drilling drives cash beat
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Chariot Oil & Gas - Cost controls and efficient drilling drives cash beat
Chariot Limited (CHAR:LON) | 8.5 0 0.4% | Mkt Cap: 91.4m
- Published:
10 Apr 2019 -
Author:
Jonathan Wright -
Pages:
7
Chariot’s shares have enjoyed a sharp resurgence following the recent award of new Moroccan acreage containing discovered resource. Even so, the shares still trade at a negative enterprise value, suggesting the market ascribes no value to its extensive acreage position. The market tends to shun companies without visible drilling plans or funding. However, Chariot has a strong partnering history and data rooms open covering a range of prospect/play types. A successful outcome will see th