Chariot Share Discussion Threads

[brazilnut1] 22/5/2024 21:21

Gekko the life loser, liar, junkie and son of scroungers and benefit cheats. Puts own sister on the game.

[wolfofwallstreets] 22/5/2024 12:57

Bantam...Brazil.. flinchy...

3 thicko losers...

RkH or chariot?!

Regards...

[hsfinch] 22/5/2024 09:21

100 per cent. And he still hasn't updated his sh!t list to include Chariot.

[hsfinch] 22/5/2024 05:58

Malcy's latest words of wisdom on Chariot. "Chariot continues to offer a Moroccan experience for shareholders who should benefit from the high natural gas prices and generous fiscal terms on offer in country. They have this low cost, shallow programme which if successful will come onstream quickly and profitably, they also have the subsequent development at Anchois which should deliver a substantial prize. All in all Chariot offers a combination of upside designed to work across the board for investors."A Moroccan experience...sounds dodgyWill come on quickly.....is he talking about JulieShould deliver a substantial prize.....When?

[brazilnut1] 21/5/2024 09:21

That's my boy Gekko. Punctuation shocking as usual just like "Cash Iss"
Language rolls off the tongue as standard. Just a scumball from WOS.

[wolfofwallstreets] 20/5/2024 22:04

You're not funny.. you're a sad loser too stupid for words..

You thought this was RKH..

Do you have dementia..

Or like most weak pathetic men..is your mental health bad...

[wolfofwallstreets] 20/5/2024 16:15

Brazil...

You don't know what you're invested in...

Just end it...

[wolfofwallstreets] 20/5/2024 11:55

Maybe stick what's left of your money into RKH...

Maybe you have already.. you don't seem to know what company you're invested n...thicko..

[brazilnut1] 20/5/2024 11:21

If this next well is a duster then 5p coming and bod need to be fired. Be better sticking with a "Cash iss" eh Gekko ?

[wolfofwallstreets] 20/5/2024 09:57

Flinch...

What a great story..

Well done...loser..

[hsfinch] 20/5/2024 08:01

THE SH!T SHOW (CONTINUED)AP - How about this. Frenchy takes control of the gas pillar and Jock stays on as Chief Technical Officer. Frenchy - D'accord. Jock's a geek. I'm a businessman. Jock - Will i still get bonuses AP. AP - indeed if you earn em. Julie - thats a win win. We have an extra pillar and i get to keep my sneaky peeps up Jock's kilt. AP - fellas here's the problem. We've got 5 million in the bank. Thats only gonna last us a year. And we aint gonna see any free cash-flow from Anchois before 2032 at the earliest.Frenchy - D'accord. What about the next tranche from enog. Thats 15 million. AP - only if they take the optional 10%. We cannot rely on that. And dont forget hydrogen. If Total cash calls us, we're sunk. Julie - i thought Anchois gas was coming in 2028. AP - it is but our share has to pay back the enog carries. Its gonna take 4 or 5 years to clear the debt. Frenchy - oooh la la. I was hoping to retire to St Tropez in 5 years. What can we do. Jock - thats where I come in. Ill find more gas and black stuff. Think new frontiers, gushers, ten baggers, big bonuses. There's nothing to worry about fellas. AP - thats the spirit Jock. And we get rid of the hydrogen thing, the generator rental thing and the onshore sdx cast-off thing. Weve gotta pull our horns in and focus. Julie - I'm sure Malcy will spin that in the markets if I show him a good time.AP - great fellas. Let's go down to Harrys Bar to celebrate.

[sev22] 20/5/2024 07:38

An African gas play with multi-bagger potential.

Shares trade on a 75 per cent discount to analysts’ sum-of-the-parts valuations even though drilling success could release huge value for shareholders.

May 16, 2024
by Simon Thompson

*Potential for drilling success on second onshore well

*Analysts target prices of 50p and 57.7p

Chariot (CHAR:7.1p), the Africa-focused transitional energy group, has announced results from the first well of a two-well drilling programme on the Loukos Onshore licence in Morocco.

Although the reservoirs at the Gaufrette prospect did not deliver a material gas accumulation and are therefore deemed uneconomic, the presence of gas and reservoir quality are positive for future exploration in the area. Importantly, it’s not material to the investment case. Analysts at Auctus Advisors had only embedded a risked net asset value (NAV) of 2p a share in their financial models.

The rig will now move onto the Dartois target, which is fully independent of the Gaufrette prospect. Analyst James McCormack at broker Cavendish believes that success at Dartois has the potential to unlock a trend prospect within a P50 resource of 20bn cubic feet of gas. He values the gas on the Loukos licence at $4-$5 per million cubic feet (mcf) on a gross unrisked basis, meaning that success at Dartois could be worth $80mn-$100mn (£63mn-£79mn). Chariot has a market capitalisation of £76mn.

Potential for Dartois to deliver immediate returns.

Bearing this in mind, McCormack notes that the Loukos licence is located near existing infrastructure and the industrial offtake market, where Chariot has the potential to rapidly monetise production. A successful gas discovery could be brought on stream in early 2025. The industrial gas market close to the Loukos licence is significant and undersupplied, too, which means that production could demand gas prices of $16 per mcf, amongst the highest globally, says McCormack. This, combined with a highly attractive fiscal regime (25 per cent government take), makes for a highly economic project.

Both Auctus and Cavendish are leaving their 50p and 57p target price unchanged, or more than seven times the current share price. Auctus also has a sum-of-the-parts valuation of 28p a share, or four times Chariot’s current share price. Accounting for 42p of Auctus’ core net asset value, the largest component of the valuation relates to the company’s flagship Anchois gas project. I highlighted the methodology behind the Anchois valuation after Chariot announced a farm-out with Energean ( ENOG), a FTSE 250 company that has a proven track record of successfully developing large offshore gas projects (‘Chariot̵7;s transformational farm-out is underrated’, 7 December 2023).

So, with the current share price significantly undervaluing Chariot’s retained interest in Anchois, and ignoring any potential for success at Dartois, I now rate the shares a buy again.

[brazilnut1] 19/5/2024 18:21

Gekko you are a nothing and a nobody. Period. Shut the door behind you.