Chariot Share Discussion Threads

[ngms27] 17/11/2021 14:51

brazilnut1, it means if successful and gas is proved up and put on production the real value is 130p per share into days money. Of course we will never see that but you may see half of it ;)

[brazilnut1] 17/11/2021 14:34

Jungmana.
Please explain the difference between unrisked 45p and risked 130p in plain speak so as everyone not in the oil business can understand this in relation to the share price

[amaretto1] 17/11/2021 14:29

Ive 80 -100But so many facets... and opportunities with Total etc It's a absolute no brainer at this SP

[jungmana] 17/11/2021 14:00

Anchois unrisked for sands A and B; 45pRisked 130p,Mauritania Green hydrogen project, Other Energy projects with Total Eren ( eg Burkina Faso)Namibia and Brazil acreages.

[jungmana] 17/11/2021 13:56

Just a reminder by Simon T on IC, 2 weeks back;Aim-traded African-focused transitional energy group Chariot (CHAR:8p) has signed a memorandum of understanding for an offtake agreement with an international energy group in respect of its flagship Anchois Gas development, offshore Morocco.The future gas sales agreement (GSA) will be 40 million cubic feet per day (mmcfd) for up to 20 years on a take or pay principle. Analyst Jonathan Wright at house broker finnCap believes this is sufficient to underpin the economics of the project, adding that the GSA is expected to be priced in the US$7-$11 per mcf range normally seen in Morocco, and excess gas can be sold through the European spot market through the Maghreb-Europe Gas Pipeline. Given the ongoing energy crisis in Europe, I would expect EU countries to be queuing up for a reliable source of energy when first gas comes on stream in 2024, assuming all goes to plan.Key to the project’s future is the Anchois gas appraisal well which is on track to spud in December, initially targeting an estimated 361bn cubic feet (bcf) of 2C contingent recoverable resources in high-quality reservoir A&B sands. The well may also potentially test deeper sands which contain 690bcf of 2U prospective resources. Good news on the drilling front would be highly supportive of signing up institutional lenders to finance the capital expenditure (US$350m for Anchois A and B sands) to bring the project on stream. It is also highly likely to send Chariot’s share price rocketing to narrow the massive share price discount to finnCap’s unrisked valuation of £286m (45p a share) for the Anchois A&B gas fields which is based on an US$8 per mcf gas price.Chariot’s shares have risen 19 per cent since my last article (‘Bargain shares: An African adventure’, 28 September 2021) and the holding has produced a 155 per cent total return (TR) on my 3p a share break-even point if you have been following my recommendations since I included the shares in my 2017 Bargain Shares Portfolio. The TR is ahead of both the portfolio (142 per cent) and FTSE Aim All-Share index (45 per cent).If you have a higher risk appetite, then the shares offer considerable upside potential in the event of positive news emerging from the Anchois appraisal well next month, albeit any disappointing news would have the reverse effect. Speculative buy.

[brazilnut1] 17/11/2021 12:52

Potential means nowt. 30p eh ? Maybe in 2050.

[amaretto1] 17/11/2021 11:52

Fincap are being very conservative!!Infact they are WRONG !!The potential is far higher

[ant15] 17/11/2021 11:10

Good to see you here someuwin!

[someuwin] 17/11/2021 11:07

finnCap target price 30p

[amaretto1] 17/11/2021 10:34

Please don't make out fellow share holders are thick ....They are ALL capable of reading an RNS ... and it's understanding !

[ant15] 17/11/2021 10:32

Amaretto dont worry let the profit takers have their day Pick up some more if you have a mind to, I have we know the news pipeline is all good.

[888icb] 17/11/2021 10:30

I think people initially reacted to this first thing as if it was a drilling related RNS involving Total. Not sure why an AT seller has become active but the last of the placing sellers seems a likely explanation. What it does seem to suggest is that no value is being attached to the renewables business. I have great hopes for the renewables business and am hopeful that this will look better share price wise by the end of the day.

[jungmana] 17/11/2021 10:19

Looks like the last of our placing sellers? Good time to add imo

[amaretto1] 17/11/2021 09:33

When and not if they can supply GAS to the European markets ...This company sitting on all these TcfIt will be a Strategic source...The Markets have NOT woken up to huge potencial here....Especially with what's going on in Northern Europe with gas supplies coming thru this route.This was a key driver on the share price last time it went parabolic !!!

[888icb] 17/11/2021 08:24

Good start Up 6% to 8.9p on volume of 2.2 million.

[stevedd3] 17/11/2021 08:17

Chars latest interview https://www.youtube.com/embed/i21YSGbB6C0

[stevedd3] 17/11/2021 08:10

https://www.youtube.com/embed/i21YSGbB6C0

[amaretto1] 17/11/2021 08:06

Imo this will be next years stock market darling again !!!Everything going for it ...Today's RNS .... tie up wi Total ..Master class

[mariopeter] 17/11/2021 07:45

Will have to look at the Board of Chariot as to my surprise they are being very well attested:

"Total Eren is very pleased to implement a strategic partnership with Chariot. We continue to believe that our expertise as a global renewable IPP and our strategic partnership with TotalEnergies, combined with Chariot's experienced team and wide reach to the African mining industry will bring further value accretive opportunities to our collaboration. Together, we are determined to address the energy needs of African mining companies, and we will collaborate on other renewable energy projects in Africa."