Chariot Oil & Gas takes on Moroccan oil prospects
11th Oct 2012 10:51
Chariot Oil and Gas, the Africa-focused commodities explorer, said it had acquired two prospective blocks off the coast of Morocco. The company has struck a deal with Maghreb Petroleum Exploration whereby the latter will transfer its 75% ownership and operational interests in the Loukos and Casabla
Read moreChariot Oil and Gas delivers upbeat set of results
21st Sep 2012 12:20
Chariot Oil and Gas, the Africa focused commodities explorer, cheered its investors with a respectable cash position and the promise of multiple targets for drilling future wells. So despite less-than-impressive well results in recent times, and a half year loss from operations of $84.4m (H1 2011:
Read moreThursday broker round-up
13th Sep 2012 09:17
Anite: Jefferies keeps buy rating and 160p target. BAE Systems: Investec downgrades from hold to sell, target raised from 350p to 290p; Societe General downgrades to sell; Oriel Securities downgrades to hold, target lifted from 350p to 370p. Bank of Georgia: Seymour Pierce keeps buy rating and 1,6
Read moreTuesday broker round-up
11th Sep 2012 09:29
3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:
Read moreBroker snap: Optimism fades after Chariot abandons another well
10th Sep 2012 14:21
The news that Chariot Oil and Gas's Kabeljou exploration well was plugged and abandoned as a dry hole prompted most brokers on Monday to either downgrade or put their ratings for the stock under review and significantly reduce their target prices. The Africa-focused oil and gas firm said that the w
Read moreWheels come off Chariot Oil and Gas
10th Sep 2012 11:58
Chariot Oil and Gas, the Africa focused commodities explorer has had a shocker after revealing a failed well dig. The Kabeljou well, dug offshore Nambia, has returned "no commercial hydrocarbons" despite having been drilled to 3,150 metres. The news sent Chariot's stock into freefall, with the sha
Read moreBroker tips: Miners, AB Foods, Chariot
10th Sep 2012 11:37
The outlook for the UK mining sector is now improving as expectations for quantitative easing (QE) increase, according to UBS on Monday morning. The broker said: "QE triggers a return of capital flows to emerging markets, incentivising companies to stop running for cash and embark on a commodity bu
Read moreBroker snap: A disappointing year for Chariot, says Seymour Pierce
10th Sep 2012 10:12
Seymour Pierce has retained its 'sell' recommendation for AIM-listed oil and gas group Chariot Oil and Gas, which plummeted on Monday morning after revealing that it has plugged and abandoned its Kabeljour exploration well, offshore Namibia. Logging results at the well on the Orange basin indicated
Read moreMonday broker round-up
10th Sep 2012 09:13
Barclays: UBS raises target from 205p to 235p, buy rating unchanged. Chariot Oil & Gas: Peel Hunt downgrades to sell, target cut from 150p to 40p; Merchant Securities downgrades to sell, target cut from 232p to 29p. Debenhams: Seymour Pierce raises target from 80p to 100p, hold rating kept. Euras
Read moreChariot Oil and Gas plunges on dud well
10th Sep 2012 07:53
Shares in Chariot Oil and Gas, an Africa-focused exploration company, plunged on Monday after one of its wells was found to contain no hydrocarbons. Initial logging results at the Kabeljou exploration well in the Orange basin offshore Namibia revealed no commercial hydrocarbons, meaning the well w
Read moreResults of Kabeljou prospect still unknown, Chariot Oil says
4th Sep 2012 16:31
Independent Africa-focused oil and gas explorer Chariot Oil has this afternoon reiterated that the results of its Kabeljou exploration well, on the Nimrod prospect, offshore Namibia, are not yet known. The company's statement has been made in reaction to the sharp fall in the company's share price.
Read moreResources round-up: Anglesey Mining, Chariot, Empyrean...
27th Jul 2012 14:36
Empyrean Energy said the average daily equivalent oil rate at the Tipton Jonas well over the past 30 days was 595 barrels of oil equivalent per day (boe/d), with a total condensate production of 15,101 barrels and total gas production of 16.5m square cubic feet (scf). At the Brysch Jonas B well it w
Read moreWednesday broker round-up
18th Jul 2012 09:21
Ashmore: Goldman Sachs upgrades to buy. Ashtead: Jefferies reiterates buy rating and 320p target. Booker: Investec maintains buy rating and 98p target. British Land: BarCap downgrades to equal weight. Capital Shopping Centres: BarCap upgrades to overweight. Chariot Oil & Gas: Merchant Securitie
Read moreBroker tips: Carnival, Polymetal, Tower Resources...
25th Jun 2012 11:26
Investec has labelled cruise operator Carnival as a 'key sector pick', saying that the recent dip in the share price should be used as a buying opportunity; the target price is lifted from 2,500p to 3,000p. "We advise utilising Friday's drop to invest in our sector key pick, with the group having:
Read moreBroker snap: Jefferies downgrades Tower and Cove
25th Jun 2012 11:23
Jefferies has downgraded its ratings for both Tower Resources and Cove Energy as part of its review of the oil and gas exploration and production sector. "We continue to favour E&Ps with high quality exploration with near-term exploration catalysts. We believe oil prices should stabilise as Saudi A
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