Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The company have said many things but havent delivered! The way its going the now 6 weeks is far too long away for this to decline further. Surfit,I hope that its not the case by another dilution, IMO think we would see alot of investors leave after the last share issue...Surprised not to see many posts on this with the sells still going through.. FML
The time line we have been told by the company is fid in h1 so 6 weeks to go and hopefully some prequel RNs releases beforehand...just where are those gas sales agreements?
This share is becoming a dog and is going downhill surprised thought it has great prospects then again it's UK's aim and full of false promises
NO # of Trades 42
Vol Sold 3,928,461
Vol Bought 111,93
I am actually rather concerned, something must be up.
This should be on a slow RISE post FEED RNS 8th March and as per AP's accompanying statement:
"We have made excellent progress across all aspects of our planned development for Anchois and detailed discussions on partnering, gas sales agreements and project finance continue concurrently as we move towards Final Investment Decision"
No idea why this is heading south, as its well below the last share placements at 18p, so even if they are stupidly planning another (can'treally belive that), the only drag down would be on further dilution resulting from such. Then buy back in after?
Time will tell???
GLA
Rgds Sft
It seems to be continuing with the sells,ffs! Thats is certainly not a good sign for a Friday. Oh well all will be revealed soon I imagine :-@
That's a lot of sells for the price not to have dropped off a cliff? Thoughts anyone?
Well thats not good then to finish off the week going into next week with those 3 trades and we havent even hit 12 o'clock!! I hope we dont end up with an RNS end of play of 1st thing Monday.
Hi NV
I believe the predator price for Morocco compressed gas is based on it being a lower cost substitute for industries that are currently importing and burning heavy fuel oil.
Jimmy
Very quiet recently.. know you've been working on PDR.. do you think both prospects are equally exciting - or different!
DYOR
Thx Jimmy.
Any idea what the $14 mcf price is based on - is it speculative?
Pdr, have issued an updated presentation to day regarding their plans to flow test the mou 1 well and drill mou 3 well. They plan to sell the gas to morroco industry at $14 mcf by way of compressed natural gas.
Chariot is planning to supply that market also with its joint venture with vivo . Pdr believe the market for such gas is 50 million cfg per day, of which the mou 1 well is expected to supply a max of 10 million cfg per day. Some nice profits for chariot then .
Jimmy
Surfit the dates looked close to our timeframe and pipe distances etc but as gammer pointed out the depths of the lixus area is only 850 so it won’t be chariot.
Water depth in Lixus area is up to 850m according to Chariot website. Not 2000m . So not Anchois unfortunately.
Good find Gz, look to be close to the known distance: "The field, which is situated in shallow waters and approximately 40 km from the Gazoduc Maghreb Europe (GME) pipeline that used to export Algerian gas to Europe until late....."
They have to do surveys still to find the right landfall location, I would have thought? Unless a vessel sneaked out there as part of FEED? BUT it does fit...possibly?
They have to start getting the orders in soon for procurement lag.
Again good spot.
GLA
Rgds Sft
Could this be related to chariot?
https://www.subsea7.com/en/media/company-news/2023/Subsea7_awarded_major_contract.html
Financial Times Front page Headline
“G7 and EU to heap pressure on Russia with ban on reopening of gas pipelines”
The G7 and EU will ban Russian gas imports on routes where Moscow has cut supplies, according to officials involved in the negotiations.
The decision is to be finalised by G7 leaders at a summit in Hiroshima this week. It will prevent the resumption of Russian pipeline-gas exports on routes to countries such as Poland and Ger-many, whose supplies Moscow cut off last year, triggering an energy crisis across Europe.
It will be the first time pipeline-gas trading has been blocked by western powers since the invasion of Ukraine.“
This decision is clearly very good news for Chatiots plans to supply gas to Europe as well as Morocco.
Their going to make to the share price sizzle...the only thing sizzling was my sausages on the barby today 😂
Snott as you know I hold you in high regard as a poster here. The ICB thing is a Johnny come lately despite it’s BS that’s it a LTH.
That ICB thing likes to ramp on a 1% increase as it does on the GCM board. It is a player and not an investor.
Prices quoted in the past 12 months should have seen us surpass 45p even at this stage but we haven’t.
For me it’s a long, long term hold so I do have faith but can’t stand the ramps without substance.
@ICB888 Just out of curiosity what were the brokers figures for chariot this time last year?
The ignorant goon says he doesn’t know the timeframe for the 45p target. He should know that analyst targets are always 12 month targets. Just to refresh his memory of analyst targets , which he no doubt thinks are produced by fantasists, this is from the IC:
“ The 4 analysts offering 12 month price targets for Chariot Ltd have a median target of 55.38, with a high estimate of 64.21 and a low estimate of 40.13. The median estimate represents a 238.10% increase from the last price of 16.38.”
Goon, don’t fret about the SP this week or next. What matters are the GSAs, any farmout or partnership terms and conditions and the numbers in the FID. If the SP remains at 16 after that, you may have a dicky fit with my blessing, but I don’t think it will. I know waiting for Christmas is torture, especially when the date is pushed back but, rest assured, Santa is on his way.
As a LTH I find it too funny that I can take too seriously the guesstimates of “recommended” posters or random Twitter posters or otherwise of what the the SP should/will be.
The truth is right in front of our very eyes. Only 16p today and we have the prize?!
The likes of the ICB poster fantasist and his followers like the Whimax (whose only contribution is to criticise an observation of some posters true valuation of where we are whilst holding 14 losers of her own) lady really should be taken with a pinch of salt.
Monday looms with anticipation of the next big news or just another slip back into the 15’s.
Another target of 45p but it doesn’t say which year/decade?
🥱
Note that we can now use emojis 😀🕺🏽
Seen the tweet, but can't find the article how and when they have come up with this price?
Anybody?
Https://twitter.com/chariot_energy/status/1657000951172018176?s=46&t=hwEV3RWLAcNBiCHLhLNnaw