Chariot Share Discussion Threads

[888icb] 17/5/2021 09:04

As we await news it is worth revisiting the 23/3/21 RNS about the acquisition of the Renewable developer. The following extract indicates that Total are expecting our gas project to succeed and produce material cash flow as well as immediate revenue to finance costs:

Strategic Partnership with Total Eren:

o Strategic partnership with Total Eren, a global renewable IPP to develop low-risk mining power projects in Africa.

o AEMP has a right to invest in up to 15% project equity at cost in projects developed by the Partners. This provides multiple value accretive opportunities for re-investment of anticipated material cashflows provided by Chariot's Transitional Gas Project, the Anchois Development in Morocco.

o AEMP currently recovers its overhead costs as part of the partnership providing an immediate post-acquisition revenue stream to finance ongoing costs.

[brazilnut1] 17/5/2021 08:37

Never last without news. Same most days for weeks now.

[888icb] 17/5/2021 08:26

A good start to the week Up 10.2% which puts CHAR at number 5 on the Leaderboard.

[andonis] 13/5/2021 15:01

free stock charts from uk.advfn.com

[888icb] 13/5/2021 08:49

All markets are down this morning so no trades is a good thing.

[brazilnut1] 13/5/2021 08:42

Not a single trade in 1st 40 mins. Nowt going on here, again!!!

[888icb] 11/5/2021 19:50

Subsea have it as a featured project on their website:
Chariot and Subsea Integration Alliance will adopt a "One-team", integrated and collaborative approach to safely fast-track first gas to maximise the return on investment.
Subsea Integration Alliance signed a collaboration agreement with Chariot Oil & Gas Limited, the Africa focused transition energy company, to work together to enable the front-end design, engineering, procurement, construction, installation and operation of the Anchois Gas Development project in Morocco.

Background
Chariot, through its wholly owned subsidiary, Chariot Oil & Gas Holdings (Morocco)Limited, has a 75% interest and operatorship of the Lixus Offshore Licence, Morocco("Lixus"), in partnership with ONHYM which holds a 25% interest.

The Lixus licence, which is on the Atlantic coast of Morocco, just south of Spain, contains the significant Anchois gas discovery with audited total remaining recoverable resource (2C & 2U) of in excess of 1 Tcf. The sampled gas is 97% methane, without impurities, and is held in high quality porous and permeable sandstone reservoirs.

The development plan from a Pre-FEED study consists of two subsea wells tied into a subsea manifold with a 40km offshore flowline connected to an onshore gas processing facility, from which a short 40km pipeline connects to the trunk pipeline to Europe allowing access not only to the growing Moroccan energy market but also to the European gas market.
The scope of the Agreement covers:
Front-end engineering support and engineering design work.
Engineering, procurement, construction, installation, pre-commissioning and commissioning work.
Operations and maintenance of the facilities.
Commitment to ESG and the importance of contributing to social development through the creation of direct and indirect jobs in Morocco.

[888icb] 10/5/2021 17:47

Clearly the 10x comment related to a future event and we haven’t had any in the 2 months since he said it. He is clearly thinking about a farm in and putting in place the finance for the project. If the CFO of a listed company talks about a 10x share event he should expect to deliver it.

[anangf] 10/5/2021 17:10

That 10x comment is looking as foolish now as it sounded at the time. Based on the price action since the comment no one has bought stock so why say it.

[888icb] 10/5/2021 16:53

No contradiction regarding regular news flow. Just look at the project related RNS since last September and you will find that 2/3 months between news is the norm. So based on recent history regular news flow would suggest within the next month so let’s say by the end of May.
You have to remember that deals take time and that the exact timing is not within their control so they are making a rod for their own back to give exact timescales. There is no evidence to suggest that CHAR are slipping on their project timelines.

[brazilnut1] 10/5/2021 16:30

888 you just contradicted yourself. "regular news flow", 2 months ago since anything heard 😅😅😅😅8517; The comparison with RKH is a simple one. Truth is that you can't trust either of the bods to do what they say they will do or the timing of it. e.g.RKH dont know what the word "imminent" means but used it all the time. All conmen on AIM anyway.

[888icb] 10/5/2021 15:34

I don’t think there are any similarities with the situation at RKH. Also you talk of delays of 2 and 4 years. CHAR has been waiting just over 2 months since its last news on the gas project. CHAR under its current board has been a much tighter ship so I think news will land without warning. If it hadn’t been for the promise of regular news flow I don’t think anyone would have any particular worries about a 2 month gap to secure such an important next step for the project.

[brazilnut1] 10/5/2021 15:14

888, I hope it is but I have been thru the same with RKH, “news on FID any day now”, that was 4 years ago, news on arbitration award any day now”, that’s been 2 years now. “Any day now” means nowt, just something we posters like to hear and say to try and keep positive. If it were any day now others would know and the share price wouldn’t be drifting down like it is.

[888icb] 10/5/2021 13:55

Agreement of the key terms of the license.
MoU with the Government of Morocco.
Agreement with Subsea.
Purchase of a Renewables Company that partners with Total.
That all looks like important news putting in place all the necessary steps before Farm Out and financing which could be announced any day now.

[brazilnut1] 10/5/2021 13:41

Ye same old story with most of these little oil companies. Always jam tomorrow but tomorrow never arrives. Same with RKH, Hurricane, PMO and the rest who “are sure” big news is coming that will transform this share. Here is the news, there is none.

[hsfinch] 10/5/2021 10:05

Without meaningful news, share price will settle into the 7s this week. By the end of the month, it will be the 6s.

[brazilnut1] 06/5/2021 13:23

All I can see is the share price is now falling below 8p intraday consistently which it hasnt been for some while so for me its falling, simple. Not bothered about the technicalities of a corrupt AIM either.

[pally12] 06/5/2021 12:08

Br carefull because the sell price will not rise

[hsfinch] 05/5/2021 21:08

Amazing how shares like this bounce up and down with no news and just a few small trades. If i were to buy 10 grands worth tomorrow am, the price would rise 10%. If a few punters got together to coordinate buys and sells, they could make big money. Hardly an investment though.

[888icb] 05/5/2021 18:17

Perhaps you can explain why yesterday you didn’t comment CHAR was on an upwards spiral when the uncrossing trade showed the share price 7% Up at 9.02p which was way above the mid price of the final trade and there had been no trades near 9p all day.
So today the MM’ decided to close it down on the Uncrossing Trade. The spread before the UT was 8.68/8.98 but they used the UT to close it at 7.72.
So in reality the share has been trading at the same price today as yesterday. This happens frequently and I will be very surprised if this doesn’t move up on opening tomorrow at around 8.6. If we are lucky we will have news and open a lot higher. But more likely a little more patience while they finalise what is a very large deal.

[brazilnut1] 05/5/2021 16:53

7.72 close. On a downward spiral now on no news. News or 5p or lower, take your pick. These small oilies are just awful investments and once I get to a price point, if ever now, I’m out never to get involved with them again or the AIM fraudsters either.

[brazilnut1] 05/5/2021 15:56

Filipe

No mystery or shenanigans on an AIM stock ?😂😂😂😂
28514;😂€514;😂㈳4;😂😂😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;😂😂😂😂😂😂8514;😂ԅ14;