UK 15:38 Sunday, 25 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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Comments
Charioteer
Its been a tough ride. However the CNE Senegal discovery shows that Mauritania has value (same geo play just up the road). Namibia will have three drills next year (Mulunga of Namcor). And morocco is hot. I agree there is everything to play for. The bears have had their fun (and the trolls!)
Ben Turney
@Charioteer – this has been a painful one for shareholders over the last 6 weeks, but I agree with you and stand by my overriding call. It will take time, but this company’s strategy looks like it has positioned itself to benefit from at least one major oil discovery. I accept it is too early really to be confident about drill results, but the approach of this management team appears streets ahead of most of its peers on AIM