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Https://energycapitalpower.com/totalenergies-drives-africa-net-zero/
Let's hope we can get back to double figures by cop next Friday after this nasty seller has gone for good.
One thing I will never understand is why there would be a distressed seller after investing into a sure hit project in the first place?
This has been a red flag since the game changing deal.
GLA
£45,000 sales in dribs and then £155,000 for 2 million sold without any movement in the sp and some say this is not manipulated ?
@Legal wolf, you actually believe what was posted the other day what AP apparently told others on another Forum?? Please,guy is talking absolute schit!!! They never mentioned what pub,park or bench they over heard this from their Uncles,cousins,sisters ,best friends Dad. The seller is far from done,that is a given! Still think its 1 or 2 of the 6%,god help us if it's not!!!!! As god only knows what this would do if it wasnt and they decided to start another capitulation of this....Oh well we await more spins to this yarn......Did AP mention the word "imminently " Not again 😒😒
Apparently he/she will be done with their selling this week!!!
And yet we STILL have our resident 100k seller… !! ffs
Drilling onshore will commence shortly and first well will also test a deeper target which encountered 300 meters of reservoir in the nearby lnb1 well, if successfull could transform the onshore and offshore potential
Also the npv of onshore gas reported at $3 to 5 million per bcf,
Similar geology and seismic signatures to anchois offshore, very low risk
Jimmy
He also said imminently on slide 8!
Presentation states: "drilling to commence shortly" and he says "due to start in the near term", so I assume they are on track?
He’s a little tease, our Duncan, isn’t he?
Will find out soon
Why would they give a tech update if it wasn’t
Or lowlights. Hopefully we get confirmation that all is on track
Why not at least give highlights!!
Well at least the share seems to be bottoming out here, as we surely get ever more close to a Loukos update?
I will stop this nonse discussion, and wait for some clarification from Jimmy, just in case he reads this
A: my only friend is Jhon.
B: are you saying that Peter is not your friend?
A: Nope, where did I say that ?
Funny
Thebold,
You said it in your post below.
Even if it's dry gas, wouldn't it still need a compressor? I presume these can be rented as ready to use platforms?
Can’t they just put it in calor gas bottles
Nope, where did I say that ?
"all that is required is essentially transportation of the gas from the wellhead direct to the processing facilities by large vessels, again owned by VIVO…"
Are you saying that, in the case of gas sold as CNG, no CPF to treat the gas or other infraestructure is required?
BDC,
100% Concur and with us holding the full 75% of Loukos , will make it massively attractive for an onshore upstream partner coming in for increased up front receivables , we already have the mid to downstream one with VIVO, hopefully it will all be very lucrative.
I also think it will still be a year or two before Chariot sees any revenue from Loukos, but the fact that they would already have a couple of production wells in place, as well as a plan for achieving cashflow in incremental stages, would make Loukos a lot more attractive, either to farm in partners and/or a consortium of banks. Taking developmental action now means Chariot either get to keep a lot more of the pie, or there'll be more competition to provide the debt financing based on a lowered risk profile (which would mean better terms/rates).
That is only required for gas going direct into the main Kenitra pipeline and if that is the way we go, which we will likely as it all upscales, then it will done as a JV between VIVO and chariot , however it will be in tandem whilst still using CNG process imo…
Ok. Thanks for the info.
What about the eventual CPF and other infraestructure required to produce the gas?
Regards