Chariot Share Discussion Threads

[hsfinch] 10/4/2024 09:50

On fire or a damp squib? Chariot was 15p when the deal was announced back in December last year. Finchy

[888icb] 10/4/2024 09:00

Morocco farm-in completed and rig contract signed

London, 10 April 2024 - Energean plc (LSE: ENOG TASE: אנא;ג) is pleased to announce that it has completed the farm-in to Chariot Limited's ("Chariot", AIM:CHAR) acreage offshore Morocco, following the receipt of all remaining approvals from the Moroccan Authorities, and signed a rig contract with Stena Drilling Limited ("Stena").

Energean has paid $10 million cash consideration upon farm-in closing. The resulting overall participation is:

· Lixus licence: Energean (45%; operator), Chariot (30%) and ONHYM (25%)
· Rissana licence: Energean (37.5%; operator), Chariot (37.5%) and ONHYM (25%)

A rig contract has also been signed with Stena for the use of its Stena Forth drill ship for the appraisal well, plus one optional well. Energean as operator, alongside its partners, is planning to drill the appraisal well on the Anchois field (Lixus licence) in Q3 2024. The purpose of the appraisal well is to undertake a drill stem test on the main gas-containing sands and target an additional 11 Bcm of gross unrisked prospective resource[1].

Mathios Rigas, Chief Executive Officer of Energean, commented:

"We are delighted to start working in Morocco, where we hope to repeat our previous successes in the Mediterranean: enhancing domestic production, helping to meet the country's growing demand, with the potential for exports for any surplus supply, and facilitating both energy security and long-term coal reduction."

[hsfinch] 10/4/2024 08:47

Loooooooool...up 1% on the 'news'. Finchy

[hsfinch] 10/4/2024 07:52

Let me add something. Chariot is now down to 30% of a field that's gonna produce 16,000boe. And it's gonna cost em 300 million bucks to retain that 30%. Do the math Gekko. Finchy

[ashkv] 10/4/2024 07:51

CHAR 100p at year end on a successful Anchois drill!!! 99% probability of success!!!

[wolfofwallstreets] 10/4/2024 07:41

Chariot on fire!!!

[aimloser1] 09/4/2024 21:11

If that is true maybe worth buying ENOG, as a hedge

[wolfofwallstreets] 09/4/2024 19:24

Blah blah blah blah blah blah blah...

Flinchy you add nothing here.

Failure..

[hsfinch] 09/4/2024 18:12

The only news you're gonna get near term is confirmation of the rip off deal with ENOG. And that's taken long enough. The three pillocks are getting desperate for the stonking bonuses that will come with that. Happy days for them.

[wolfofwallstreets] 09/4/2024 17:37

Nice end of day rise...and some juicy buys coming in...

Feels like news is near...

[wolfofwallstreets] 09/4/2024 16:39

Hsfinch

Coming from you..the cretin who makes up his own RNS etc.

You're a loser...

[hsfinch] 09/4/2024 16:29

Gecko trying a different style of trolling. What a bore.

[wolfofwallstreets] 09/4/2024 12:24

Lawson27 ..welcome to the party!

[lawson27] 09/4/2024 11:43

Joined you for a few here @9.3s, Bot's all over it! GLA

[wolfofwallstreets] 09/4/2024 11:01

Brazil. Don't know what you mean by references to Gekko. Sorry.

And as for calling anyone a 5 year old..when looking at your grim posting history. Ironic.

Please move on. You add nothing at all here.

[wolfofwallstreets] 09/4/2024 11:00

Chariot on fire!

Good buys coming in!

10% rise!

Let's see how this pans out .

[brazilnut1] 09/4/2024 10:23

Wolf you are Gekko, period. You say nothing of any value on here, never an opinion on the company apart from your 5 year old's "Chariot on Fire". Confirms you are Gekko but you are trying to shake off that fact. Too late Gekko mate. We know who and what you are.

[wolfofwallstreets] 08/4/2024 20:49

Brilliant posts as always from the grim pair of flinch and banalityboy.

Lots of words used to say nothing...

[hsfinch] 08/4/2024 19:18

The three pillocks were wearing brown trousers and needed em when they discovered they weren't on the error strewn bucket list. I believe that Malcy has agreed to pay for the dry cleaning bill.

[888icb] 08/4/2024 17:26

CHAR remains on MALCY’s Bucket list
From Malcy’s Blog today:

Chariot

“ Firstly today apologies, in the Bucket List on Friday Chariot was omitted from the text although was tagged in the header. The piece got lost between Word and WordPress, my apologies!

Chariot remains in the list as it is on the threshold of significant progress with both its operations in Morocco and has addressed the funding of the Transition Power division by way of a strategic review. Here, power and water solutions in Africa are being addressed and renewable energy generation with particular respect to South Africa, where interest has already been expressed and given differing differing funding solutions are required, that is understandable. At Loukos drilling is imminent and if successful would be fast tracked to development, at Anchois Chariot are working with Energean to progress further drilling this year. All this leaves me confident that there is substantial upside at Chariot.”