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We could even get another RNS once the 'mates' shares become officially listed Thursday next week, now that would put the cat among the pigeons !
From Meridian Capitals website:-
"We invest in companies and people with a successful track record in oil and gas. Meridian Capital Limited remains interested in investing a portion of its portfolio in higher-risk opportunities with the potential for significant returns. We invest opportunistically in early stage exploration, helping growing firms to raise pre-IPO capital or fund it ourselves. We review key global oil and gas projects to ensure that they are economically viable and invest in quality teams and assets."
Well, well well .... 6.19% (~59.6m shares) Guess not far off with news then.... ;-)
He just declared substantial positions in Afentra and ECO Atlantic as well. Maybe E&P will be fashionable again like in 2010/11. We can but dream....
I think he/she/it has just bought 59 million shares in Char?
Hopefully sticky hands.
Askar Alshinbayev is a Founding Partner of Meridian Capital Limited, overseeing the investment management of its diversified portfolio in real estate, hospitality, FMCG, infrastructure and natural resources.
https://www.askaralshinbayev.com/
New RNS. Who is Askar Alshinbayev? Forgive my ignorance but does this mean he has purchased shares taking him over the reporting threshold or sold shares taking him under? My interpretation is its the former?
thanks
Nick
Josh,
Yes, my apologies I forgot about Maersk Oil. Happy to be corrected on that.
But I don't think TE were allowed to buy the Andarko Algeria assets - I am pretty sure they have stayed with OXY.
Still don't think they'd buy either Chariot for Anchois, or the standalone Anchois asset. But I would not be surprised to see them farmin.
AJ
PS: Looks like ENI came back for Neptune.
Oh and recent discussions for Neptune.
https://www.offshore-technology.com/news/totalenergies-takeover-neptune/
AJ while I agree TO by Total unlikely, surprised to see your ignorance to the oil assets TE have bought over recent years. Maersk Oil, Occidentals Anadarko Petroleum assets amongst quite a few others.
Aj I hope your right but I fear there's a bigger chance of that last post coming back to haunt you in 12 months than it actually happening. All these warm fuzzy hopeful/positive words from the top team never seem to materialise.
The catalyst is always just round the corner🙄
But al always time will tell.....364 days 23 hours and 55 minutes......not that I am counting the days!!😁
GP and KB,
IMHO there will be no takeover - certainly not by TotalEnergies. I don't think they have bought an oil company since Elf and FIna more than 20 years ago.
BUT I am firmly convinced you will see your 50p and more within 12 months.
all the best
AJ
Gooner that would do me fine, admittedly there'd be no 🛥️ for me however it would return funds I thought were long gone.
Sadly however I am not sure any offer would be at that level..... My guess would be between 25 - 35 😐
(Hard hat on for the incoming fire regarding my suggested t/o price)😀
KB, A 50p buy out would make me a very happy ex charioteer!
Surety, there are no experts on this BB of what Chariot are really doing.
Doesn’t even seem like chariot know what chariot are doing.
Many here have done their DD for sure but even they if they are honest will be scratching their heads at the lack of progress.
Not even the GSA signed off 7 months on. Come on!
I’ll take AP’s words seriously if/when he delivers.
Any thoughts on the takeout price range if that were to happen @Jimmy et al..
Gooner I just wonder if that is what will end up happening here, a takeover at a price which will leave many of us disappointed🤷♂️
“Total seem an obvious partner for Anchois or why not just take out CHAR as they have Total Eren!”
Why not indeed and let the big boys get it done. AP may be out of his league here.
"will cost TotalEnergies around 1.5bn euros ($1.66bn)"
Having spent this much, can Total afford CHAR? What price do you suggest CHAR would go for?
We need CHAR to get on with Anchoise and start generating some income (18 months or more away), and it's time we heard about a possible farm-in. Good points about our green hydrogen projects but I'm wary that efforts on both fronts is distracting CHAR. Maybe after the fund raise is cleared the SP prospects will improve but I suspect that won 't happen until the new drilling program brings in results. Waiting game as always, as if we haven't been waiting long enough already.
I know it has been discussed in the past but todays news from Total makes one wonder if Total are interested in being our partner for the Moroccan gas project. Total are already are partner for Renewables and Green Hydrogen. Indeed they also have interests in Namibia where Chariot has legacy assets. Total seem an obvious partner for Anchois or why not just take out CHAR as they have Total Eren!
That is very reassuring n1👏😁
Once financing out of the way in my opinion for what it is worth I think this share will really start to motor on the next RNS.LTH have been very patient but I am confident that the future is bright
Well that could as you suggest now accelerate CHAR PV / Hydrogen projects ... maybe 'releasing' all or vast majority of our Transitional Gas interest will fund this next evolution and step-change of our renewable's.
Most PI's, I suggest, are here to see returns from our Moroccan gas project !
aimo & dyor
TotalEnergies to bulk up in renewables with Total Eren purchase
Total Eren has 3.5 GW of renewable capacity around the world. It also has another 10 GW of solar, wind, hydropower and storage projects in the pipeline, in 30 countries.
TotalEnergies has agreed to increase its stake in Total Eren from 30% to 100% and it will integrate the company into its renewables unit.
The deal values Total Eren at an enterprise value of 3.8 billion euros ($4.21bn). Buying the outstanding 70.8% stake will cost TotalEnergies around 1.5bn euros ($1.66bn).
“Our partnership with Total Eren has been very successful, as shown by the size and quality of the renewables portfolio. With the acquisition and integration of Total Eren, we are now opening a new chapter of our development as the expertise of its team and its complementary geographical footprint will strengthen our renewable activities and our ability to build a profitable integrated power player,” said Patrick Pouyanné, chairman and CEO of TotalEnergies.
TotalEnergies made clear its plans to acquire Total Eren in 2022.
Pouyanné went on to thank Total Eren’s founders, Pâris Mouratoglou and David Corchia, and their teams “for their incredible development work, which led to this successful achievement. Today, we are welcoming Total Eren’s experienced teams, who will continue their remarkable work with the added resources of a bigger company.”
Renewable pipeline
Total Eren has 3.5 GW of renewable capacity around the world. It also has another 10 GW of solar, wind, hydropower and storage projects in the pipeline, in 30 countries. Of these, 1.2 GW are in construction or nearing development.
The buyer aims to have 100 GW of renewable capacity by 2030. In 2021, it reached 10 GW.
TotalEnergies highlighted merchant assets in Portugal, Greece, Australia and Brazil, in addition to opportunities in India, Argentina, Kazakhstan and Uzbekistan.
Total Eren has been working on green hydrogen projects, in North Africa, Latin America and Australia. TotalEnergies will take an 80% stake in these activities via a new company TEH2. Eren will have the remaining 20%.
Total Eren chairman Mouratoglou said the company was a “best-in-class renewable energy player. I want to thank BPI France, Tikehau Capital, NextWorld and Peugeot Invest, for their constant support since 2015.”
NewKOTB,
I agree with all you say other than again. Momentum has been noticably absent from this project throughout - incredibly slow, incredibly dull - I am fortunate to be in profit whilst we wait but this is incredibly slow. We were selecting partners - what 3 months ago? I have a price in mind to sell and have stuck to it but this one tries my patience more than any other share I own.