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Chariot Oil & Gas (GB:CHAR)
:CHAR
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Chariot Oil & Gas (CHAR) AI Stock Analysis

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GB:CHAR

Chariot Oil & Gas

(LSE:CHAR)

Rating:46Neutral
Price Target:
1.50p
▲(3.45% Upside)
Chariot Oil & Gas's overall stock score is primarily impacted by its financial performance challenges, including ongoing losses and negative cash flows. The technical analysis presents a mixed outlook, with bearish trends but neutral RSI. Valuation is weak due to negative earnings and lack of dividends, further weighing down the score.
Positive Factors
New Business Development
The company is pursuing a new basin entry opportunity in Africa, with plans to partner and fund at the asset level to fast track exploration and drilling.
Renewable Energy
Strategic review of funding for the renewable energy business is ongoing, potentially opening new business development pathways.
Negative Factors
Appraisal Well Results
There is no new information available yet on the well or the impact of the well results on the potential development, following the disappointing Anchois-3 appraisal well.
Capital Management
The company is reviewing the work programme to preserve capital ahead of potential further spending on the Anchois field.

Chariot Oil & Gas (CHAR) vs. iShares MSCI United Kingdom ETF (EWC)

Chariot Oil & Gas Business Overview & Revenue Model

Company DescriptionChariot Limited, together with its subsidiaries, engages in the oil and gas exploration and appraisal activities. The company operates through Transactional Gas and Transactional Power segments. The company holds interests in the Rissana offshore license that covers an area of approximately 8,489 square kilometers; and Lixus license comprising an area of approximately 2,390 square kilometers in Morocco. It also focuses on mining power projects in Africa. The company was formerly known as Chariot Oil & Gas Limited and changed its name to Chariot Limited in June 2021. Chariot Limited was incorporated in 2007 and is based in Saint Peter Port, Guernsey.
How the Company Makes MoneyChariot Oil & Gas generates revenue primarily through the exploration and production of oil and natural gas. The company undertakes exploration activities to discover new hydrocarbon reserves and subsequently develops these reserves into production. Key revenue streams include the sale of crude oil and natural gas, as well as potential service agreements or joint ventures with other energy companies. Chariot's partnership with strategic investors and local governments plays a significant role in its operations, providing financial backing and facilitating access to resources, which enhances its ability to monetize its assets effectively.

Chariot Oil & Gas Financial Statement Overview

Summary
Chariot Oil & Gas faces significant challenges in revenue generation and profitability, with minimal revenue growth and ongoing operational and net losses. The balance sheet shows some stability due to low debt and equity reliance, but persistent negative cash flows highlight liquidity issues and dependence on external financing.
Income Statement
20
Very Negative
Chariot Oil & Gas has faced significant challenges in terms of revenue generation and profitability. The company has experienced minimal revenue growth, with the total revenue only increasing to $162,000 in 2024 from $80,000 in 2023. Despite a positive gross profit margin due to negligible cost of goods sold, the EBIT and net income margins remain deeply negative, indicating ongoing operational and net losses. This highlights significant challenges in achieving profitability.
Balance Sheet
45
Neutral
The balance sheet shows a relatively strong equity position, with stockholders' equity at $58.2 million and a low debt-to-equity ratio due to limited total debt. However, the company’s high equity ratio indicates reliance on equity financing, which could be a strength in terms of financial stability. Nonetheless, the ongoing net losses have deteriorated the return on equity, reflecting inefficiencies in generating returns on shareholder investments.
Cash Flow
30
Negative
Cash flow analysis reveals persistent negative operating and free cash flow, emphasizing liquidity issues. The operating cash flow to net income ratio remains negative, and the free cash flow position has worsened over time. Although there have been financing inflows, this reliance on external financing to fund operations raises concerns about sustainable cash flow management.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue162.00K80.00K0.000.000.00
Gross Profit162.00K80.00K0.000.000.00
EBITDA-21.72M-15.04M-14.38M-6.56M-2.97M
Net Income-22.35M-15.58M-14.88M-6.96M-70.62M
Balance Sheet
Total Assets63.63M74.64M67.61M54.75M18.07M
Cash, Cash Equivalents and Short-Term Investments2.20M4.97M11.30M14.06M3.24M
Total Debt796.00K1.34M359.00K430.00K849.00K
Total Liabilities5.39M5.77M6.56M15.79M1.91M
Stockholders Equity58.23M68.87M61.06M38.96M16.16M
Cash Flow
Free Cash Flow-22.15M-23.22M-39.13M-11.56M-6.03M
Operating Cash Flow-10.89M-8.57M-9.63M-6.18M-4.05M
Investing Cash Flow5.00K-14.55M-29.44M-5.39M-1.95M
Financing Cash Flow7.79M17.28M32.29M27.71M-409.00K

Chariot Oil & Gas Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price1.45
Price Trends
50DMA
1.44
Positive
100DMA
1.47
Negative
200DMA
1.58
Negative
Market Momentum
MACD
<0.01
Negative
RSI
53.40
Neutral
STOCH
57.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CHAR, the sentiment is Neutral. The current price of 1.45 is above the 20-day moving average (MA) of 1.40, above the 50-day MA of 1.44, and below the 200-day MA of 1.58, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.40 is Neutral, neither overbought nor oversold. The STOCH value of 57.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:CHAR.

Chariot Oil & Gas Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
$15.43B7.323.20%5.24%4.22%-60.66%
46
Neutral
£22.86M-34.71%98.57%-26.61%
£19.95M-2.11%
£21.44M-0.21%
£14.56M-137.88%
46
Neutral
£12.65M
£22.65M-9.54%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:CHAR
Chariot Oil & Gas
1.40
-5.47
-79.62%
GB:CEG
Challenger Energy Group
8.00
2.15
36.75%
GB:PXEN
Prospex Oil and Gas
4.85
-0.90
-15.65%
GB:SOU
Sound Energy
0.68
-0.19
-21.84%
GB:ZEN
Zenith Energy
4.15
2.90
232.00%
GB:PRD
Predator Oil & Gas Holdings Plc
3.20
-6.55
-67.18%

Chariot Oil & Gas Corporate Events

Business Operations and Strategy
Chariot Limited Announces Chairman’s Share Transactions
Neutral
Jul 24, 2025

Chariot Limited announced a transaction involving its Chairman, Andrew Hockey, who executed both a purchase and sale of ordinary shares on the London Stock Exchange’s AIM market. This activity reflects internal movements within the company’s leadership and may indicate strategic financial positioning, potentially impacting stakeholder perceptions and market dynamics.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Delistings and Listing ChangesPrivate Placements and Financing
Chariot Limited Announces Block Admission of New Shares
Neutral
Jul 9, 2025

Chariot Limited, a company involved in the oil and gas sector, has announced a block admission for 10,000,000 new ordinary shares as part of its Share Award Scheme. This move is expected to take effect on 15 July 2025, and the new shares will have equal standing with the existing ordinary shares. The company’s current issued share capital consists of 1,577,477,983 ordinary shares with voting rights.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Shareholder MeetingsFinancial Disclosures
Chariot Limited Releases Annual Report and Schedules AGM
Neutral
Jun 30, 2025

Chariot Limited has announced the availability of its Annual Report and Accounts for the year ending December 31, 2024, on its website, with physical copies available upon request. The company’s Annual General Meeting is scheduled for September 5, 2025, in London, where shareholders can participate in a Q&A session following the formal proceedings. The results of the AGM will be published on the company’s website shortly after the meeting.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £6.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Chariot Limited Announces 2024 Final Results and Strategic Business Split
Positive
Jun 30, 2025

Chariot Limited has announced its 2024 final results, highlighting significant developments across its energy projects in Africa. The company plans to split into two distinct businesses—Upstream Oil and Gas, and Renewable Power—to maximize shareholder value and unlock unrecognized potential. Key achievements in 2024 include successful drilling campaigns in Morocco, strategic partnerships for renewable projects, and securing substantial financing for electricity trading. These initiatives position Chariot to deliver material growth and align with the increasing demand for sustainable energy solutions in Africa.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
Chariot Limited Strengthens Financial Position with Director Share Issuance
Positive
Jun 19, 2025

Chariot Limited announced the issuance of new ordinary shares to its directors as part of a fundraising initiative. This move increases the shareholding of key directors, including CEO Adonis Pouroulis and CFO Julian Maurice-Williams, indicating a strategic effort to strengthen the company’s financial position and support its growth in the transitional energy sector.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Private Placements and FinancingShareholder MeetingsBusiness Operations and Strategy
Chariot Limited Secures $7.1 Million in Oversubscribed Fundraising
Positive
Jun 18, 2025

Chariot Limited announced the successful passing of all resolutions at its General Meeting, leading to the raising of US$7.1 million through an oversubscribed fundraising initiative. The funds will be used to secure stakes in wind generation, gas, and new upstream assets, as well as to strengthen the balance sheet and support the demerger of its Renewable Power pillar. This strategic move is expected to enhance the company’s growth and operational capabilities, positioning it favorably in the transitional energy sector.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Private Placements and FinancingShareholder Meetings
Chariot Limited Successfully Concludes Oversubscribed Open Offer
Positive
Jun 17, 2025

Chariot Limited announced the successful result of its oversubscribed Open Offer, raising approximately US$1 million in gross proceeds. The funds raised will support the company’s plans across its Upstream and Renewable Power businesses. The issuance of the Open Offer Shares is contingent upon the passing of resolutions at the upcoming General Meeting. This fundraising effort is part of a larger initiative that has raised a total of US$7.1 million, reflecting strong shareholder support and positioning Chariot to advance its energy projects in Africa.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Private Placements and FinancingShareholder MeetingsBusiness Operations and Strategy
Chariot Limited Launches Open Offer to Bolster Working Capital
Positive
May 29, 2025

Chariot Limited has announced the posting of a Circular related to its recent Placing, Subscription, and Open Offer, aimed at raising additional funds. The company successfully raised net proceeds of $5.5 million and plans to raise up to an additional $1 million through an Open Offer to existing shareholders. The funds will be used to enhance the Group’s working capital, supporting its operations in the transitional energy sector. A General Meeting is scheduled for 18 June 2025 to propose related resolutions.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
Chariot Limited Raises $5.5 Million in Oversubscribed Share Placing
Positive
May 23, 2025

Chariot Limited has successfully raised net proceeds of US$5.5 million through an oversubscribed placing and subscription of new ordinary shares, with plans to raise an additional US$1 million through an open offer. The funds will be used to secure Chariot’s stake in wind generation, gas, and new upstream assets, as well as to strengthen the company’s balance sheet for executing its updated strategy. This includes the demerger of its Renewable Power pillar to unlock value and facilitate further growth. The fundraising reflects strong shareholder support and positions Chariot to advance its plans in both its Upstream and Renewable Power businesses.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
Chariot Limited Announces $6.5 Million Fundraising to Support Strategic Demerger
Positive
May 23, 2025

Chariot Limited has announced a fundraising initiative to raise approximately US$6.5 million through a placing, subscription, and open offer. The funds will be used to secure stakes in wind generation, gas, and new upstream assets, as well as to strengthen the balance sheet to support the demerger of its Renewable Power pillar. This strategic move aims to create two distinct investment opportunities by separating its upstream oil and gas operations from its renewable energy business, reflecting the company’s evolved strategy and the significant developments in its portfolio.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £6.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Business Operations and Strategy
Chariot Limited Regains Control of Moroccan Offshore Licences
Positive
May 14, 2025

Chariot Limited has regained operatorship of the Lixus and Rissana offshore licences in Morocco after Energean plc transferred its interests back to Chariot. With a 75% working interest in each licence, Chariot plans to progress the Anchois gas field development and explore additional potential in the licence areas. The company aims to leverage Morocco’s strong gas market fundamentals and collaborate with stakeholders to advance domestic energy projects.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Business Operations and Strategy
Chariot Limited Regains Operatorship of Moroccan Offshore Licences
Positive
May 14, 2025

Chariot Limited has regained operatorship of the Lixus and Rissana offshore licences in Morocco, now holding a 75% working interest in each. The Anchois gas field, located in the Lixus licence, remains a key focus, with plans to adapt the development plan based on discovered resources. This move strengthens Chariot’s position in the Moroccan energy market, where robust gas demand and favorable fiscal terms present significant opportunities for growth.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 22, 2025