Chariot Share Discussion Threads

[pedigree_scum] 08/9/2023 17:00

Why didn't they bring in some professionals to help them negotiate the deal rather than blowing the money on the periphal projects. Clowns

[arcadian] 08/9/2023 16:13

Thanks very much Finch for attending and sharing. Will read it all later.

[hsfinch] 08/9/2023 15:28

Field plan. Government stalling. Coz they have to pay their share when its approved. They say they cant approve without partner details. Decent management would have it buttoned ip by now. Financing. Banks aint interested. They dont trust Chariot to deliver. They're waiting for an experienced partner to come in and take the reins. Big fees for nowt. No leadership getting this over the line. Common theme. Onshore. Staff I spoke to were keen. But more as bolt hole if partner takes over Anchois.

[hsfinch] 08/9/2023 15:22

Bonuses. Other attendees covered this in Q&A. No point in me digging. Overall impression. Second division team spending our money. Or rather wasting it. Essential that a half decent partner comes in quick on ok terms. Or this is not going to deliver us anything.

[hsfinch] 08/9/2023 15:04

Gas price continued. They think the Shell deal is good because it helps to set a price. But same as partnering management doesnt know what its doing. The pierre fella is living the expat dream and will string it out. More to follow.

[hsfinch] 08/9/2023 14:55

I went and it was depressing. I got my questions answered off the record and neatly choked on my nibbles. I spoke with 3 staff in the know and ghis is what I pieced together. Partnering. Complicated. 2 maybe 3 companies left in. All offering different deals. All share and cash. One wants to test. One wants to drill more exploration wells. One is happy to push the button now. None are offering big numbers. They know Chariot can't move without em and they aint over-paying. Main problem us the seniors trying to get the deal done ate unrealistic and inexperienced. Proper oilie commercial fellas would have had it done by now. Gas price. Government bureaucrats are scared of doing a deal. They've recently signed up with Shell and Anchois price need to be 25% below.

[pedigree_scum] 08/9/2023 11:28

And ST on 12 Jul 23
"I can now reveal that an announcement will be made shortly, which could materially provide the financing of the development capital to first gas and significantly reduce the risk of dilution to shareholders. I can also reveal that investment bank Societe Generale is in ongoing discussions with a consortium of European and Moroccan banks which have “indicated their appetite to provide debt finance.""

Has something gone wrong?

[pedigree_scum] 08/9/2023 11:07

11 Jul 23 from Malcysblog "Finally it is easy to get carried away after all these exciting prospects but it should be remembered that Anchois still hasn’t got its FID yet, I can only imagine that with so much hard work having been done this too is imminent." 2 months later I wonder what his view post AGM

[arcadian] 07/9/2023 20:31

Where is Finch? Did he/she go? Perhaps in a state of shock.

[8x8bagger] 07/9/2023 17:02

Here is the presentation from today...hxxps://chariotenergygroup.com/app/uploads/2023/09/AGM_070923_Presentation_Final_noapp.pdf

[pedigree_scum] 07/9/2023 16:40

Anybody got any feedback on the sandwiches and wine?

[pedigree_scum] 07/9/2023 16:39

Nothing from Malcy today.

[arcadian] 07/9/2023 16:24

Finch Finch wherefore art thou?

Finch Finch wherefore art thou?

[bantamboy] 07/9/2023 16:14

I don't see how anyone can be disappointed with Chariot really?
Everyone should know by now that they don't deliver on anything except issuing more & more shares of course.
It baffles me how it's valued £140 million pounds...it should be valued at cash in the Bank.. £20 million
Anyone with half a brain can see that deals on anything they are involved in aree literally years away..
I've said it many times before..
Chariot are a marketing company that sell shares & dreams.. nothing else..
Don't confuse them with an energy company. They will never deliver any value for shareholders.

[arcadian] 07/9/2023 13:29

A promise as to the future but the recent trades late morning are saying something.



PS Can`t see any news on the web site re a partnership deal.

What will Finch have to say?.

[richie32] 07/9/2023 12:39

The way I see it is when you are negotiating you are attempting to pressure the other party into giving you a good deal.

The last thing you should be doing is putting unnecessary pressure on your own side by conjuring up arbitrary deadlines that the other party will exploit.

All is well until we hear otherwise imho.

[janekane] 07/9/2023 12:19

very disappointed no news of deals or partnerships

[pedigree_scum] 07/9/2023 10:29

Breaking news...hot buffet cancelled....cold buffet only....no gas apparently...not all bad news there will be plenty of doughnuts there