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Bridgedogg1
"Near term"
When will the spud, how long until testing? I though end March but it’s been very quiet considering.
Not a bad read with regards to project Nour overview, ambitions and potential funding routes:
Better than issued RNS's
https://www.oecd.org/environment/cc/cefim/green-hydrogen/chariottotaleren-projectnourinmauritiania.htm
Rgds Sft
I would like AP to pay attention, just once.
Stop the nonsense, please!!!
What are your assumptions based on - FUD ?
"I would assume chariot is spending next to nothing right now outside of salary for the team , on Project Nour development. That’s my assumptions."
And your assumptions are based on what? Hope?
Regards
I would assume Total Energies will be covering all costs for Nour just now ( As was alluded in verbal conversation at the AGM) and at some stage Chariot will relinquish further equity to Total as part of the financial package agreed between the 2 parties. Maybe a third party will enter and we will sell down to them. however i believe EU finance chief alluded to $1.6 billion of EU funding available right now for green energy project transition in preferred countries such as Mauritania…
I would assume Chariot to have no more than 10-20 % equity at project monitisation. Even 10% equity left in Nour at monitisation would bring transformational revenues to company, we are talking about a global size project after all.
I would assume chariot is spending next to nothing right now outside of salary for the team , on Project Nour development. That’s my assumptions.
I assume Fernan10's point was that there is substantial planned work. Neither a potential 3rd party farm down nor an EU grant will be quick, or maybe even possible at this early stage. In the meantime Chariot Green Hydrogen Ltd will require funding from its parent.
I see Auctus are maintaining their 'soon' rating on Energean farm-out approval. Was hoping they might have upgraded this to 'imminent'.
Nope!! Grants from EU Global Gateway and Farmdown of Chariots share will be how Chariot fund their end imo. Nice try tho 👍🏻
“We are pleased to have recently received considerable, high-level support from the European Commission, with Mauritania being selected as a key partner in the EU's Global Gateway initiative for future hydrogen exports and green steel production. This highlights opportunities that will be mutually beneficial in the long term. Our will is firm to continue to coordinate with our partners and encourage the industry through the development of major energy projects such as Nour."
From today's press release:
"Next steps include completion of investment framework, engineering conceptual study and offtake negotiations"
Padfoot .... the party is definately over there!
Looks my dreamboat will be bought on the strength of the fortunes over there!
I never saw that coming!
I tend to agree Snott, but benefit of the doubt, as they give the Mauritania govt. Time to digest the result.
Quiet here this morning, think many are over at GCM Resources enjoying the continuation of Fridays SP party.
The feasibility study is complete. What did it conclude? Is the margin sufficient to attract funding? What is the payback period? Is it likely to proceed? Chariot must be more candid if they want trust.
Auntie you're not supposed to eat the box!
GP so often like cardboard and an insult to the palate unless made by an Italian with passion. The sellers stopped he's buying again! Who wouldn't its a winning opportunity again and not before time!
........: And extra large pizza with monster pineapple chunks I hope.
Can anyone make sure the seller has left the building and not hiding anyhere ready to sell more next week.
Thanks in advance
Cheers GP - Just seen the Black Gold price when returned from snooker. G'day on the GGs also - got 6 out of 6 at Ayr + £750. Nice to be top of the pops on the risers list! Now for some Jack Daniels Cherry .....
Oops!
Was saying party going on @ GCM and almost as the same price as this turd!
Long live coa!! Gas is dead! ....well it is here atm with this pile of doo doo
Have a fab weekend all
Ian !
What did In say just yesterday! Party going on @
Has the seller gone?
Wow, I did not understand a word of that utter gobbledygook , I know it’s Friday so can only assume you are on the Buckie extra early.
So what do you fink billy boy, will we finish red or blue today ?
That's a shame as I know of a guy just up the road known locally as "paranoid Pete" and I think you two would get on very well together, somewhat strangely he has an obsession with ferrets and he is forever talking about them.
But you know the irony of the situation is that there is actually a ferret in his Pete's den, and it has always been there, but poor paranoid Pete who likes to talk a lot, but bless him he is a little bit dumb and he doesn't even realise the ferret is there, much closer than he could ever of feared, even in his worst nightmares. 🤷♂️
Anyhoo keep us up to date with the social media goss Barney 👍
Thanks for the offer, but naaa, I hear it’s full of spiders, creepy crawlies and rodents, also heard the local haggis bite as well , don’t even need to mention the blimin drop bears !
I will stick to Doobs with Svetlana and Valentina…
Now then let’s see if we finish red or blue today..SM is mixed..
😂Have you ever thought about going on stage.
I do get muddled occasionally you're quite right but that's just because I'm a little bit stoopid 😜
Anyway how's about some more social media goss to keep us all up to date as you say yourself you have got your 👂to the ground and 👉 on the pulse 😁
Oh and If you ever decide to venture to bonnie Scotland you should check out rural Perthshire it is very nice here, picturesque even.
100% agree