The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I'm cautiously optimistic. I think success with onshore will put a floor price in place (15p?), and then there'll naturally be a run up ahead of drilling AE - to at least 20p I'd assume. Success at AE with a higher revised flow rate could be huge for us, because a DCF at twice the previous flow rate would probably triple the NPV-10. I would assume Malcy's 100p target then looks prudent if anything. My issue, and I assume other retail investors, is assessing the geological CoS at AE. There is a good Discord group that has some seemingly expert geologists in it, but as you rightly point out, anonymous internet usernames are not to be trusted!
Lol mr plo…you seem obsessed and fixated with some posters ,lol.
What do think of fantastic year ahead for Chariot shareholders ?
ENergean are a great partner for us and will make things happen very quickly.
Mr Plo? Mr Plow, that's my name. That name again is Mr Plow!
Yeah it could have been a lie I suppose. But from memory he announced it before he dumped. But you're right, a lot of people are keyboard warriors and live a fantasy life online, with multiple aliases! He could be one of those.
Lol that’s funny if true, do you believe everything you read on forums mr plo ? lol..
Chariot has a lot of baggage, mostly as a result of failing to progress the Anchois discovery. I think Energen is the game changer and once that deal is approved, it will take Chariot out of the "orphan period" so to speak in Lassonde Curve terms. Can't see any reason why the deal won't be approved - but anyone got any idea of how imminent the approval is likely to be?
Good for them, I say, @Thebold. Better that way round than being like the guy from Telegram (CaptainSensible) who sold a bunch of his holding and marked the absolute low. Worth joining the telegram group just to use him as a contrarian indicator.
Not so sure we have an active seller/s now, these are more likely short term charlies , bought in at 8 pence and bailing out at 9-10 pence. They are happy to hold whilst there is forward /upward momentum, however as soon as there is a pause like today , they will quickly offload for what ever profit they have. There are more than a few posts on here over the last week from these type. Good riddance I say.
KnC.
I too am excited about chariot and it’s 2024 plans. However, the exploration in the rissana licence where the the truly giant gas prospects are located is to shoot additional seismic , not to drill this year.
The onshore Loukas licences has deeper potential such as the 300 meters of reservoir found by lnb 1 well , which had high gas shows but was not logged due to drilling conditions. If that reservoir is found to be gas bearing by chariot it would derisk the giant offshore prospects.
Jimmy
Until the seller has gone we will struggle to get out of single digits. Everytime it creeps up they come back out. Thought we had started to turn the corner 😒😒
We all know the potential of Char and the licences it holds and who knows what licences they will acquire in the future As the seem to have a very good working relationship with the Moroccan government
The current Sp does not reflect the potential here but it’s just a temporary blip which will be rectified as progress is made on shore which will give us cash flow and off shore which will be transformational for char and shareholders
Patience is the name of the game
WOW, that is massive and to think it is all currently valued at zero pence. Even if we ended up retaining 25 % of a fully derisked Rissana , the numbers are just of the chart ! Onshore Loukos gas is a fantastic opportunity for us to be hugely successful in our rights , however it is offshore where the truly massive numbers are to play for and in ENOG we have the right partner to get after these massive numbers quickly.
Worth noting that Auctus adds 641p to the CHAR SP for the derisking of Rissana.
DYOR
AP confirmed there’ll be exploration drilling of the Rissana license area (CHAR 37.5%, ENOG 37.5%, ONHYM 25%) in 2024. See the latest proactive video with AP for confirmation (1.30)
With ENOG aiming to be the largest independent gas producer in the geo political region, it is totally aligned with CHAR and its shareholders. And unlike a major or a super the time to make decisions and act upon them is much shorter. Make no bones about it; if we had partnered with a major or super, we would not be seeing operations commencing at anywhere near the pace that we are and will be seeing. Expect ENOG to really go after all Moroccan offshore areas. They want to go big and they want to go big quickly, and that’s what ONYHM also want.
Everything is totally aligned here for very fast and scaleable progress.
Excellent Aljimon, so near 80 bcf over these 3 targets with further secondary targets being identified . Potential 20 well onshore campaign over next 24 months i'm hearing.
The information is all there if you care to look
Slide 10 of the December presentation is clear. The Gaufrette "area" is estimated at 26BCF. The first well derisks the entire volume.
Eclair is a further 31BCF and Dartois 18BCF.
Glad I loaded up at 8.11p
GLA
AJ
What a very strange post.
Fernan10 are you a Chariot shareholder ?
Some posters here seem to be very enthusiastic about the imminent drilling of the "26 bcf Gaufrette prospect"
If you read again the recent operational update, you will notice that the company didn´t inform the amount of Gaufrette´s prospective resources:
"Gaufrette prospect confirmed as the first drilling target"
"success will potentially unlock multiple similar prospects totaling 26 Bcf of Best Estimate recoverable prospective resources (preliminary internal estimate)"
I suspect Gaufrette doesn´t have more than 4 or 5 bcf of prospective resources. I expect a flow test of 1-2 mmcfd, similar to the LAM-1 well drilled by Circle oil in 2015 in the same area.
I think the real potential is in the secondary target, as Jimmy23 said
Regards
Hopefully RNS for the full ENOG ratification into the offshore licences , News floodgates will really open then. Very exciting times ahead.
So now Chariot have found the rns button what's up next?
What a strange turn lol…
Sub 10p on its way out. Hopefully, the start of the 2024 recovery in the share price for Chariot!
Thebold , Bubbles - imo the longer Etana stays attached to Chariot the more time it has to grow within the group and less likely it will be sold off too early. Lots going on now and next 2 years all exciting.
KB, not in any group so it matters not a jot, lol...
Careful there bubbles as you don't know who you are arguing with, and if you disagree with him he will just ban you from his Telegram group😂
Malchy likes today's RNs....
This is indeed a good example of how the Etana model works and that many new projects can and will go ahead either directly or in a third party fashion and given the potential of the market place has a great opportunity to grow this vast market
He has liked Chariot all the way from 20p+ to now