Chariot Share Discussion Threads

[888icb] 30/12/2021 09:35

One of 12 oil and gas companies to follow in 2022.

Chariot (AIM:CHAR), however, is an interesting example of the trend for small caps to seek to evolve into transitional energy companies, following the path beaten by many of the majors. The company is organised into two business streams, Chariot Transitional Gas, focused on a gas development project offshore Morocco, and Chariot Transitional Power, working to develop a portfolio of low carbon mining operations throughout Africa.

Lixus, the company’s Morocco licence, contains the Anchois gas discovery, which has an audited total remaining recoverable resource of more than 1Tcf, comprising 361Bcf 2C contingent resources and 690Bcf 2U prospective resources. Appraisal drilling aiming to identify and develop a future production well got underway earlier this month, with operations to drill the Anchois-2 gas appraisal and exploration well and re-enter the previously drilled Anchois-1 gas discovery expected to take up to 40 days.

Chariot has being building its Transitional Power stream through the acquisition of Africa Energy Management Platform, which explores solutions for reducing the carbon footprint of the continent’s mining industry in Africa, and an agreement with power producer Total Eren giving Chariot the right to invest up to 15pc project in Eren’s 500MW pipeline of African mining power projects. Chariot already has a 10pc share in the partners’ first project in operation, the hybrid solar plant at the Essakane gold mine in Burkina Faso, which generates solar energy through 130,000 photovoltaic panels.

Chariot has also signed an MoU with the Government of Mauritania to progress a potential green hydrogen development. Pre-feasibility and feasibility studies will examine a 14,400km2 onshore and offshore area with the intention of generating electricity from solar and wind resources that will then be used in electrolysis to split water to produce green hydrogen and oxygen.

Earlier this month the company secured funds for its current activities with a placing worth a gross $11m. Its most recent interims reported a cash balance as at 30 June 2021 of $18m.

With a share price currently at 7.3p, down from a high of 10.5p in March, but on an upward curve again, Chariot is pursuing in a range of initiatives that may be of particular interest to investors looking for opportunities to take a stake in the developing world’s energy transition.

[ant15] 30/12/2021 07:43

Jungmana take no notice of those posting trite. We all know that the future here is all but guaranteed the only question is just how high the share price will rise and for certain its well above we were are now.

[burtond1] 30/12/2021 06:51

Here @TMSreach we look at 12 Oil and Gas Companies with decent prospects that should be worth following over the next 12 months.Companies covered include:#BLOE #CHAR #ECHO #EDR  #IGAS #JOG #LBE #NTOG #PXEN #UJO #WTE #ZPHRhttps://total-market-solutions.com/2021/12/12-oil-and-gas-companies-to-follow-in-2022/

[jungmana] 30/12/2021 02:10

An appraisal well with 100% chance in the A&B sands worth 40p share price not to mention the other zone's if this is duster so will adv's bufallo Well. at least char will have the green hydrogen , other energy projects with Total and huge acreages in Namibia and Brazil to fall back on.

[purple11] 30/12/2021 01:35

CHAR soon to be in the 1p club when it dusts,which it will.....

[stevedd3] 30/12/2021 00:19

Ignore Brazilnut he's just being a damp Squid ;-))

[chestnuts] 29/12/2021 22:58

Guru

Today it is 89.473 yrs from the bottom in July 1932 and the bottom in October 1987 is .382 of 89.47 so yes today could be a top, and if you read my posts on gold 89.47 comes up alot.

The bottom in 1932 was 42.52 if we x this by 860.2 we get 36575

The top today was 36575

So yes we could have topped today

There is also a golden section pattern which shows a top of 37165 ish

Does this help

[brazilnut1] 29/12/2021 22:43

Just protecting green investors from you rampers thats all. This bb is infested with them, all full of their own expertise and predictions. Fair enough we will see.

[jungmana] 29/12/2021 21:59

BBC News - The African nation aiming to be a hydrogen superpowerhttps://www.bbc.co.uk/news/business-59722297

[gurunostradamus] 29/12/2021 21:33

What about the stock markets as the cosmic influences suggest a top sound 2024/2025. Have you done any Gann analysis of the SPX or Nasdaq for this current wave, Chestnuts?

[chestnuts] 29/12/2021 20:51

This is interesting and another way of working things out.

The USa was founded on 7th of Dec 1787

And as i stated above the stock market is Gann in time and price

1168 divided by 1788 = .6532

The top in 2011.681 to the top in 2020.6 = 8.919

8.919 divided by 6.532 = 1.365

11.681 sq this and you get 1.364

Now if we go one step further

8.919 x .1593 = 1,420 which comes to 3rd or 4th of Jan now this could be breaking out of the triangle its in or breaking above 2075

1364 divided by 1788 = .7628

The last wave from 2015.93 t0 2023.55 = 7.63 yrs

[globalwill] 29/12/2021 18:58

Yeah you're probably right. Don't see the point in wasting energy spouting negative sentiment. People should just accept they lost to the market and learn from their mistake and move on. Its happened to everyone. Best filtered.

[wal57lottie] 29/12/2021 18:53

Has probably lost a fortune like all LTH's

[globalwill] 29/12/2021 18:27

Everyone is punter on here and is able to give an opinion of where the price will be, whether its up or down. Its the individual at the end of the day that has to make a decision on where the price is going. Everyone does it everyday on every board for every share. Why have you chosen this share in particular to vent your anger?

[globalwill] 29/12/2021 18:17

Please show me the post where I've given a number?

[brazilnut1] 29/12/2021 17:27

My plan is nobody's business but mine but I hate rampers who lay down numbers they have no control of. Like you.

[globalwill] 29/12/2021 15:55

What is your trading plan to make money with Chariot? While your trying to disrupt these crazy rampers you must have some idea where the price is heading and why?

[brazilnut1] 29/12/2021 15:09

I agree Globalwilly, you are as thick as 2 short planks. Obviously I have upset this stupid comfy little bb and the ramping fools who dont like being challenged. Tough. Get used to it.

[globalwill] 29/12/2021 14:12

As thick as the two short planks!

[brazilnut1] 29/12/2021 13:17

Merry Xmas Jungmana. 14p eh ? Whose the clown ? Think its more like you.

[jungmana] 29/12/2021 10:58

I see our resident filtered clown continues talking to himself .

[brazilnut1] 29/12/2021 10:20

Or even 6p.

[chestnuts] 24/12/2021 22:38

The stock market is Gann and seed lengths in time and price

Gold topped on 6th Aug 2020 which is 2020.6

i have mentioned 11.681 if we sq this we get 136.445 and if we cube 11.681 we get 1593

If we move the decimal point to 1.36445 add that to 2020.6 we get the 15th of Dec which leaves 1.593 yrs to 2023.55


and if i am correct from this point we should be on our way to break out of this long consolidation

Gann is amazing

[brazilnut1] 24/12/2021 10:53

Or even 7p.