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Share Name Share Symbol Market Type Share ISIN Share Description
Chariot Limited LSE:CHAR London Ordinary Share GG00B2R9PM06 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.275 -1.74% 15.55 1,644,394 16:35:06
Bid Price Offer Price High Price Low Price Open Price
15.50 15.75 16.35 15.75 15.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -5.15 -0.74 149
Last Trade Time Trade Type Trade Size Trade Price Currency
17:17:11 O 42,206 16.15 GBX

Chariot (CHAR) Latest News (2)

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Chariot Investors    Chariot Takeover Rumours

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Date Time Title Posts
05/2/202311:22Chariot Oil & Gas - Moderated11,468
05/2/202309:19CHARTS9,977
13/1/202316:34Chariot - Transitional Energy349
17/12/202213:06Chariot Limited - Green Energy in Africa345
04/11/202120:26NEW * Chariot Oil and Gas - A balanced portfolio with Giant Potential111

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Posted at 04/2/2023 11:57 by 888icb
The Simon Thompson artice actually starts with the Green side of the business:
“ Good news will boost this green energy company

The Africa-focused energy firm is also a great climate change play
February 3, 2023
By Simon Thompson
Chariot (CHAR:16p), an Africa-focused energy group focused on developing and delivering transitional energy projects, has released a raft of positive announcements since the autumn, all of which are highly supportive of the investment case.
This week’s small acquisition of ENEO Water, an African company focused on delivering clean water solutions using renewable energy, complements Chariot's Transitional Power and Green Hydrogen businesses within the context of increasing water scarcity across Africa. Desalinated water is an essential component of green hydrogen production, so the capacity to implement desalination solutions powered by renewable energy will be critical for the feasibility of green hydrogen projects.

Chariot's aim is to provide affordable access to water for private offtakers and municipalities in Africa to be sold under long-term agreements, as part of its commitment to socially responsible development. ENEO utilises an efficient and scalable reverse osmosis technology that can be 100 per cent powered by solar energy to produce desalinated water. The company has a proof-of-concept project at the largest windfarm in the Republic of Djibouti under construction.

Desalination solutions powered by renewable energy will be critical for Chariot’s joint venture with Total Eren to co-develop Project Nour in Mauritania. That project has the potential to deliver 10GW of electrolyser capacity, which would make it one of the most significant green hydrogen projects in Africa, and one of the lowest-cost producers, too.“

Posted at 04/2/2023 11:29 by 888icb
Simon Thompson yesterday published a Buy recommendation for Chariot. This is the final section:
“ An African adventure

The good news doesn’t end there as Chariot has announced a long-term offtake agreement in principle for its low-cost flagship Anchois Gas development, offshore of Morocco, in which it has a 75 per cent working interest. Gas sales of up to 60mn standard cubic feet per day will be delivered through the Maghreb-Europe pipeline on a take-or-pay basis for a minimum of 10 years, thus securing direct domestic supply for Morocco's existing and potentially longer-term gas power plant infrastructure. Investment bank Societe Generale is leading the structuring and syndication of the project’s debt financing, while Chariot’s gas team remain in discussions with commercial partners.

In the near term, newsflow from Anchois is the key share price driver. That’s because Chariot’s 75 per cent working interest in Anchois’ 2C resources accounts for 44p a share of Cenkos Securities' target price of 63p (using a 50 per cent risk weighting and based on a risked value of $507mn). Positive newsflow on debt funding and commercial offtake agreements at Anchois would de-risk the investment case and warrant a material narrowing of the share price discount to Cenkos’ target.

Although Chariot’s share price has drifted since I last published an update five months ago (‘Profit from climate change’, 14 September 2022), the holding has still delivered a 428 per cent return in my 2017 Bargain Shares Portfolio. There is scope for significantly more capital upside. Buy.”

Posted at 01/2/2023 07:52 by ashkv
REPOST
May Malcy's view on Chariot being "very busy" come to fruition in short order - Lock and Load!!! Let's shoot the bears to high heaven!!!

"This seems to me to be a pretty wise move for Chariot, for not a lot of money it has made an investment in what I consider to be an important asset in the future. Also the very fact that the process can be powered 100% by solar energy and which produces desalinated water.

It also fits very well with Chariot’s growing renewable portfolio and one which can be built on to make a substantial division if required and the words ‘modular and scaleable’ are highly significant. There is plenty going on at Chariot pretty much across the board, when they said that they would be very busy, they weren’t joking… "
Https://www.proactiveinvestors.co.uk/companies/news/1004675/malcy-s-blog-oil-price-chariot-gkp-trinity-and-finally-1004675.html

Posted at 31/1/2023 16:45 by ashkv
REPOST
May Malcy's view on Chariot being "very busy" come to fruition in short order - Lock and Load!!! Let's shoot the bears to high heaven!!!

"This seems to me to be a pretty wise move for Chariot, for not a lot of money it has made an investment in what I consider to be an important asset in the future. Also the very fact that the process can be powered 100% by solar energy and which produces desalinated water.

It also fits very well with Chariot’s growing renewable portfolio and one which can be built on to make a substantial division if required and the words ‘modular and scaleable’ are highly significant. There is plenty going on at Chariot pretty much across the board, when they said that they would be very busy, they weren’t joking… "

Https://www.proactiveinvestors.co.uk/companies/news/1004675/malcy-s-blog-oil-price-chariot-gkp-trinity-and-finally-1004675.html

Posted at 19/1/2023 12:28 by ashkv
REPOST

I expected this bizarro reaction from the market - it is ultra short-term at the moment.

Adonis Pourlis Chariot CEO explicitly conveyed in the presentation that while CHAR would prefer to go it alone on Anchois development and have no official farm-out underway at present. CHAR have had multiple approaches to farm-in to the project - however, they don't wish to give up the value that a farm-in would entail given that Adonis Pourlis himself along with senior CHAR management are significant share holders.

Target price for CHAR is in the 50-60s - the last fund raise at 18p early in 2022 prior to many positive catalysts.

Zero debt with $21 million cash in hand as of last reporting...

See page 19 of 12 December 2022 Presentation For Chariot Timeline for GSA, FEED, FID and FINANCING - a packed Q1 and Q2 2023 :) HTTPS://www.chariotenergygroup.com/wp-content/uploads/2022/12/2022.12.12-Chariot-Webcast-png.pdf

Posted at 19/1/2023 07:51 by ashkv
REPOST

Hi Bosbus I am a seasoned investor and indeed nothing is guaranteed - however, when a third party expert CPR has been issued, Moroccan Government / Minister in close talks with CHAR, CEO has a very sizeable stake in CHAR and also participated in the equity raise earlier this year post Anchois positive drill results etc etc

CHAR is open to short attack, near term choppiness but however I am reasonably confident that CHAR should provide multiples of return from current share price - with an Enterprise Value of USD 170 million for a potential 6 TCF of gas and 1 TCF confirmed via Third Party C

Posted at 18/1/2023 09:15 by ashkv
EPOST

I expected this bizarro reaction from the market - it is ultra short-term at the moment.

Adonis Pourlis Chariot CEO explicitly conveyed in the presentation that while CHAR would prefer to go it alone on Anchois development and have no official farm-out underway at present. CHAR have had multiple approaches to farm-in to the project - however, they don't wish to give up the value that a farm-in would entail given that Adonis Pourlis himself along with senior CHAR management are significant share holders.

Target price for CHAR is in the 50-60s - the last fund raise at 18p early in 2022 prior to many positive catalysts.

Zero debt with $21 million cash in hand as of last reporting...

See page 19 of 12 December 2022 Presentation For Chariot Timeline for GSA, FEED, FID and FINANCING - a packed Q1 and Q2 2023 :) HTTPS://www.chariotenergygroup.com/wp-content/uploads/2022/12/2022.12.12-Chariot-Webcast-png.pdf

Onwards and upwards.

Posted at 15/1/2023 06:42 by ashkv
REPOST

I expected this bizarro reaction from the market - it is ultra short-term at the moment.

Adonis Pourlis Chariot CEO explicitly conveyed in the presentation that while CHAR would prefer to go it alone on Anchois development and have no official farm-out underway at present. CHAR have had multiple approaches to farm-in to the project - however, they don't wish to give up the value that a farm-in would entail given that Adonis Pourlis himself along with senior CHAR management are significant share holders.

Target price for CHAR is in the 50-60s - the last fund raise at 18p early in 2022 prior to many positive catalysts.

Zero debt with $21 million cash in hand as of last reporting...

See page 19 of 12 December 2022 Presentation For Chariot Timeline for GSA, FEED, FID and FINANCING - a packed Q1 and Q2 2023 :) HTTPS://www.chariotenergygroup.com/wp-content/uploads/2022/12/2022.12.12-Chariot-Webcast-png.pdf

Onwards and Upwards!!!

Posted at 14/1/2023 11:11 by ashkv
REPOST

I expected this bizarro reaction from the market - it is ultra short-term at the moment.

Adonis Pourlis Chariot CEO explicitly conveyed in the presentation that while CHAR would prefer to go it alone on Anchois development and have no official farm-out underway at present. CHAR have had multiple approaches to farm-in to the project - however, they don't wish to give up the value that a farm-in would entail given that Adonis Pourlis himself along with senior CHAR management are significant share holders.

Target price for CHAR is in the 50-60s - the last fund raise at 18p early in 2022 prior to many positive catalysts.

Zero debt with $21 million cash in hand as of last reporting...

See page 19 of 12 December 2022 Presentation For Chariot Timeline for GSA, FEED, FID and FINANCING - a packed Q1 and Q2 2023 :) HTTPS://www.chariotenergygroup.com/wp-content/uploads/2022/12/2022.12.12-Chariot-Webcast-png.pdf

Onwards and upwards.

Posted at 14/1/2023 11:10 by ashkv
REPOST

Hi Bosbus I am a seasoned investor and indeed nothing is guaranteed - however, when a third party expert CPR has been issued, Moroccan Government / Minister in close talks with CHAR, CEO has a very sizeable stake in CHAR and also participated in the equity raise earlier this year post Anchois positive drill results etc etc

CHAR is open to short attack, near term choppiness but however I am reasonably confident that CHAR should provide multiples of return from current share price - with an Enterprise Value of USD 170 million for a potential 6 TCF of gas and 1 TCF confirmed via Third Party CPR

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