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If NTOG is on AIM I would advise to steer clear! 😂
No harm in looking though 🤷♂️
If anyone has a little trading pot on the side it looks like NTOG is about to seriously move from its lows. (Sorry)
Hello Ian, whatever the manipulation is we little ones are not benefitting.
It's a murky world AIM but hopefully GCM can at least deliver soon for a few here that are also invested there. Now that has been bagging!
I think I will be putting chariot in a box in my loft for now.
4 million share deal at yesterday's close has just dropped in ! They don't know if it's a buy or a sell ? I think they do, and I still say some manipulation going on.
Hey now we have permission to get cracking and the £10m quid we said you may get.... now it's in your Bank. That all looks better now doesn't it? So what does the sp do.... fall 1.5% Lol. Manipulation for whatever reason.
Well that was a big trade yesterday for £400k that just printed so someone wanted them at just under 9p, the games here will end, drilling will now 100% happen on and offshore with no need for imminent dilution, gas is there., other 2 pillars not dragging us down... but come on sp catch up!
Do you really think that GP? I think that when this overhang clears - and to be clear, there is one, this will start to climb. Personally, I still think it was either about the fact they didnt sell, or something to do with the Israel listing. The sale of the power business will yield something, finding significantly more gas in Loukos will definitely kick it - as I think the market is circumspect at the moment, that will have a 'feel good' bounce on Anchois drilling. too.. I think this could get to 20p quite quickly once the overhang clears.. DYOR
Imo there will be no medium term triggers to lift us not even success on drills as peeps will tell us that no movement up on SP will have been priced in which probably is the case.
I think any uplift will only be when / if we start producing or even better get bought out!
At today's price I'd be happy with 15-20p.
"I am assuming that whoever is clearing out (Covalis, Askar or both) have opened the taps this morning to clear the final lot...."
We must of really annoyed them with our knockback on offer (by unknown entity) for the whole company as they are set, it appears, to sell out at any cost rather than letting the SP rise on news first.
aimo & dyor
Ah!
Battle, cos they don't like us.
Why are they selling?
I am assuming that whoever is clearing out (Covalis, Askar or both) have opened the taps this morning to clear the final lot..
DYOR
Big buys from yesterday are in a loss atm, so much for insider trading, unless they were happy with their ~2% profit this morning. I would have thought however, they wanted in for a substantially larger return than a tiny few percent.
All systems go RNS has us on the ropes once again, RED ffs !!!
aimo & dyor
Stena Drilling is pleased to announce the award of a 1-well Firm programme for the Stena Forth, for former client, Energean, in Morocco. The drilling campaign is scheduled to commence in Q3 2024 and includes the flexibility to drill an additional option well in Morocco.
The Stena Forth, a state-of-the-art harsh environment dynamically positioned drillship, will be deployed to execute the firm drilling programme, demonstrating Stena Drilling’s commitment to delivering high-quality services to its clients in challenging offshore environments. This will be the third vessel in the Stena Drilling fleet that Energean have contracted with the Stena DrillMAX and Stena IceMAX having previously completed successful campaigns for Energean.
Stena Drilling have a proven track record of operating in Morocco having drilled in the country previously with the Stena Don for Chariot, who are a partner on this well, and we look forward to returning to the Anchois field for Energean later this year.
“We are delighted to secure this drilling campaign for the Stena Forth in Morocco,” said Eirik Reinertsen, Chief Commercial Officer at Stena Drilling. “This contract award underscores our strong relationships with our clients, resulting in repeat business for our fleet, and our reputation for delivering safe and efficient drilling operations.”
“Energean and our partners are pleased to work with Stena Drilling for the upcoming campaign in Morocco,” said Simon French, Head of Wells and Decomissioning at Energean. “We look forward to the successful drilling and testing of the Anchois East appraisal well with the Stena Forth Drillship which is a critical step in moving the project closer to FID.”
The potential presence of deeper targets at Gaufrette suggests that Loukos could be worth more than we initially thought....
DYOR
I find it baffling tbh, i did notice brokers notes didn't up their target prices even though today has surely taken some risk off the table? Guess they are already so discordant with actual SP any increase would look even more fanciful!
Mr P I am using a 10% discount rate - I have run 8% and 12% as well. $8 as the gas price and I have assumed that Energean will exercise their options. I have assumed a % for operating expenses and Capital Investment of $850m, $1bn and $1.3bn based on gas production volumes. There are quite a lot of variable so these are sense check numbers - I have also checked gas production volumes over 10 years to make sure that the volume produced is close to the various reserves estimates.
Its baffling to think the response yet again in what is another positive RNS! We should be easily pushing 40p + and then some but yet again we dont seem to have the market response on the back of this. We keep hearing when the market wakes up but surely they have and its quite possible that our current SP is actually factored with all these in place.? Surely that can be the only bloody reason we are here🤨 I thought we would have easily been sitting 10p plus today. Gooner,patience whats that......I think av misplaced mines🫡
Jagua can you refer back to your list of potential catylsts on SP improvement and stick an X by this latest milestone?
There are now enough strings to our bow for us to be at least 20-30p?
Looks like a real solid investment on paper so I guess the keyword here for the next 2-3 years will be "patience" as it has been for the last decade!
The question is are you happier in your investment today vs yesterday, the sp will catch up to this news at some point
Chariot have reached the important milestone of moving from an Explorer to a Developer is the concluding statement in that video.
Utterly bizarre!
Excellent RNS
Very much de-risked for me. Was worried Enog activities offshore in Israel may delay or scupper deal. Company now way more investible than last year when 15p plus.
"We are delighted to start working in Morocco, where we hope to repeat our previous successes in the Mediterranean - enhancing domestic production, helping to meet the country's growing demand, with the potential for exports for any surplus supply, and facilitating both energy security and long-term coal reduction," said chief executive officer Mathios Rigas.
https://ir.q4europe.com/Solutions/Energean/3784/newsArticle.aspx?storyid=16063329