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CHAR

Chariot Oil & Gas; navigating through an extremely tough market

On Wednesday, Chariot Oil & Gas (CHAR) issued its “pre-close update”. It described both the challenges and opportunities it faces in the current climate, in a bid to soothe investor concerns about the company’s declining share price. At 7.85p, Chariot is near its 52-week low and is worth £20.8million, well below the expectations of many shareholders. Frustration has been growing at a perceived lack of progress, but is this fair? I caught up with CEO Larry Bottomley to hear his views on how he plans to navigate the oil sector’s troubled waters.

By Ben Turney | Published 2014-12-22 02:54:27 |

Chariot Oil & Gas - The Right Move in Namibia - the patient will be rewarded

After my recent interview with Chariot Oil & Gas (CHAR) CEO Larry Bottomley, I predicted the company wouldn’t relinquish its Central Blocks licence, offshore Namibia. Although I wasn’t far off the mark in this, what I didn’t anticipate was that Chariot would renegotiate the terms of the licence and remove the requirement for an exploratory drill in the next phase.

By Ben Turney | Published 2014-08-28 11:05:52 |

ShareProphets Exclusive: Interview with Chariot Oil & Gas CEO Larry Bottomley Part 2 – Quickening pace in Brazil & elswhere

On Friday, I published the first part of my interview with Chariot Oil & Gas (CHAR) CEO, Larry Bottomley. I led with my view of the Namibian Central Block licence, as the deadline for the First Phase Renewal Extension is on August 31^st. However, this aspect of Chariot’s business was only a small part of our discussion. I spent far more time talking with Mr Bottomley about developments in Brazil and why July’s placement was a necessity for the company. Remember that when I first wrote a response to this £8.8million fund raising I concluded that it looked like a product of poor planning. I don’t mind admitting now that I think I was wrong about this and the rationale for July’s foray into the market was better founded than it initially appeared. Even if the price was terrible.

By Ben Turney | Published 2014-08-26 14:30:10 |

ShareProphets Exclusive; Interview with Chariot Oil & Gas CEO Larry Bottomley Part 1 – Namibian Central Block Licence

A month ago, I wrote a critical piece about Chariot Oil & Gas (CHAR) in reaction to its £8.8million placement. The company has responded perfectly. It didn’t petulantly jump up and down, demanding a retraction, but instead approached me, asking if I’d like to talk directly with CEO Larry Bottomley. I thought this was a risky move on Chariot’s part, as our reputation here for not taking prisoners is well deserved. However, the request was courteous and seemed genuine. I was happy to take the call on the understanding everything we discussed would be on the record and I wouldn’t write a PR puff piece. Chariot agreed and Mr Bottomley was refreshingly candid in his answers. In this first piece I deal with the looming deadline for the company’s Central Block licence, offshore Namibia.

By Ben Turney | Published 2014-08-22 08:22:22 |

Placement Watch - Chariot Oil & Gas; poor planning and a horrible price

The price of Chariot Oil & Gas’ (CHAR) placement yesterday would have come as a shock to most holders. After a year of apparent progress across its portfolio of Atlantic Margin oil exploration assets, including three farm-outs, few would have expected the company to place at a 52 week low. What damage this transaction does to sentiment towards this stock remains to be seen, but Chariot is now likely to face an uphill battle convincing investors of its inherent value.

By Ben Turney | Published 2014-07-23 07:22:05 |

Swing low, swing high, sweet Chariot...

It pays for a company not to have all its eggs in one basket. The way that Chariot Oil and Gas (CHAR) has diversified makes it even more attractive. All eyes are focused on the forthcoming exploration activity in Namibia targeting multi-billion barrels of oil, and, although Chariot have no direct involvement in the drill by Repsol and Tower Petroleum (TRP), which is due to spud in a few weeks time, a successful result finding commercial oil would give a massive boost to its own share price.

By Gary Newman | Published 2014-04-03 07:04:19 |

Chariot Oil & Gas; a timely reminder

Perhaps I am a mug punter, an inveterate gambler or just plain stupid, but I can’t help shake the feeling that 2014 could be a good year for AIM Oil & Gas exploration stocks. When writing, one of my favourite rants is about how the Alternative “Investment” Market is investment death. This view isn’t universally popular, yet you will have a hard time convincing me that anyone who puts money into AIM isn’t a speculator, pure and simple.

By Ben Turney | Published 2013-12-23 06:52:57 |

Buy Chariot Oil & Gas (CHAR): Recovery Seen While 20p Zone Holds

Given the way that there has been a couple of false breaks to the upside in the recent past at Chariot Oil & Gas, the first in January and the second last month it may appear to be wise to hold back on calling the stock a lasting recovery play.

By | Published 2013-05-22 06:25:31 |

Sell Chariot Oil & Gas (CHAR): Set To Swing Lower

Chariot Oil & Gas is yet another of those in the E&P area where given the benefit of the doubt to the bull argument would have come around and bitten you with all the grace of a Liverpool striker.

By | Published 2013-05-04 09:37:28 |

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Recent Comments

TOM25 Oct 2026

Guild are keen readers of this website and I am sure will have passed it on to VLRM

The Valereum $32 billion fraud and the BLM dog that barked in the night!

COLINS225 Oct 2026

Maybe you should have sent this to Valereum (mis)management. They seem like questions they should be asking and getting answers to.

The Valereum $32 billion fraud and the BLM dog that barked in the night!

PHIL556625 Oct 2026

I am confused. Can I claim PIP for that?Markets are nervous.Should we all be buying gilts as the US seems to be finally buying the 10 year treasury?From a low of 3.92% to a high of 5.368% on th 7th of October. Then all of a sudden it is 4.957% intra day.AI is probably managing these trades!The word crash/correction is on every finance channel, could the algo learn from this?When you look at charts 50% downside in any stocks is possible.All of a sudden I like cash and the idea of spending it and enjoying things.I think Monday I will go and look at a new car or nearly new.

Tom Winnifrith Bearcast: Am I shitting bricks abut the FCA and market abuse, a law suit or my portfolio? er...No!

NEWUSER24 Oct 2026

All any investor had to do was look at Atherley's dismal performance at Berkeley Energy and all the porkys he spoke.. This was the warning painted on the investor wall that no one read...

Pensana: fake sheikh deal, project delays, financing black hole so its pay rises all round!

COLDITZ6924 Oct 2026

You left out the consultancy fees Atherley also took.

Pensana: fake sheikh deal, project delays, financing black hole so its pay rises all round!

TOM24 Oct 2026

typo now corrected. he got a raise, no need to crowd fund him

Pensana: fake sheikh deal, project delays, financing black hole so its pay rises all round!

DUCKnDIVE24 Oct 2026

Er, that's a £63 reduction in Atherley's wages.

Pensana: fake sheikh deal, project delays, financing black hole so its pay rises all round!

TOM24 Oct 2026

feel free to annoy them more by doing GEX as your contest entry. Get it to me before tomorrow and i will run it sunday so its still valid even if shares susp Monday am

The Georgina Energy Hussar fraud, the FCA and the mystery of the dog that barked in the night!

BURIEDTREASURE24 Oct 2026

They don't like it up 'em on the LSE asylum. A few on there absolutely shitting bricks and lashing out in all directions.

The Georgina Energy Hussar fraud, the FCA and the mystery of the dog that barked in the night!