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Same for you sir. Please stop with the personal stuff. Surely you must have more important things to do in life. You & the other guy are ruining this platform for me and no doubt others. I come here most days for a quick update on Chariot developments but recently spend more time trying to find the right awful posts among the dross. C’mon. Do better.
Mate, give it a rest. Seriously if the other guy bothers you so much just filter him. But please don’t subject us to your posts listing all the reasons why you think he’s someone else. Makes you look petty. You have plenty to offer in terms of intelligent discussion. The constant bickering does you a disservice.
Good morning Mr Plow, You can always filter me if you feel intimidated, please accept my humble apology , it was not meant nor I feel implied, I assume you know how to do this , it’s not like you have only been on LSE a little while is it and finding your way around . I do find it amusing and rather surreal being called a bully by you.
1-imo, you are a multiple time previously banned poster on LSE. Fact or false ?
2- playing the intimidation card is exactly how your other aliases reacted when challenged to demonstrate reasoning in your statements. Fact or false ?
3- I do agree, the risks in Anchois FID not proceeding are the same as me being hit by a bus crossing the road , or a similar unlikely black swan event, yes there are risks however they have already advised FID will proceed , are you saying they are liars ? I thought it was the initial size of the project start up that is being determined by AE , However I’m sure you are not interested in discussing that , only on trying to sow doubt and scare by stating it may not proceed, yes, risk is in everything , even you recreating yet another avatar/s so you can post here has a risk of deteriorating further your mental health, that’s a real risk which I am sure you have considered.
imo, You are either operating a tag team with 1-2 other posters or you are actively posting under these 2-3 names to continue your little juvenile games - fact or false ?
You posted at 4am , the other banned names all did the same funnily enough, maybe you have a genuine reason though and I’m reading to much into that !
Let us see shall we, as I said you may fool some but you don’t fool me, so thank you for agreeing to that, things are better when clarity is known.
@thebold
No I can see how it would be extremely hard to fool you.
I think I’ll pass on your offer to continue dialogue thanks. Can’t really see the attraction of forming a considered response only to be berated and insulted by an adult version of a playground bully.
But surely even you can appreciate there are a multitude of reasons why FID may not be taken. Perhaps none of them are likely but they are real risks.
Jeez. Back to 8p and probably going to be in the sevens again. WTF.
Plop,
Please advise why iyo Anchois FID would or could not proceed.
You’re not Piers Morgan, answer the question.
You think you fool most, maybe you do, but not me.
See here you are being silly again @thebold. You seem troubled with the idea of an open forum allowing a free exchange of ideas.
WhatsApp have just launched a channels feature. That allows you to do one-way broadcasts to your followers. Might be more up your street?
I’m right.
Ok. I hope you are right.
Thanks
So as always , either you intentionally only want to sow doubt or you are just very sloppy in how you present your facts.. only you know..
Before A2 results and The exact same Avo signals were proven..That report you reference did not have any cross data to Avo signals in the unproven areas in loukos bring identical to the fully proven same Avo signals in Anchois.
Mr ,
Give me a scenario where Anchois would not proceed, unlike some here who get taken in with your subtle Demi I’m your friend but I’m really not posts, I am most certainly not !
So mr Plop , please extrapolate why iyo , Anchois could or would not proceed to FID.
In 2019, independent resource evaluator ERC Equipoise Ltd (ERCE) completed a report for SDX, in relation to the contingent and prospective resources of the Lalla Minourd North exploration concession (now renamed as the Loukos license).
One prospect (LNB 1 lower) was assigned an 80% chance of success.
All remaining prospects were assigned a chance of success of between 22% and 35%.
Read page 131 of the report.
From the report: "the key risk for the area and applied to all prospects is the chance of low saturation gas, which can cause britht amplitud anomalies despite low gas saturation (page 129)
Regards
@BDC
Interestingly Auctus had Loukos onshore prospects at 50% CoS until their December updated note which dropped it to 35%. Given Chariot would advise them on the input assumptions for their notes, it doesn’t scream confidence to me. It could be a case of wanting to under promise and over deliver but that would be a change in policy for them!
I appreciate your thoughts around onshore potentially being the foundation of the company. My concern is if Anchois doesn’t proceed for whatever reason, is there too much hubris in mgmt/the board to rightsize operations or will they want to go after another whale?
My hopes still reside around Anchois FID being taken. Assuming Energean exercise the imbedded option then that should easily support a 40-50p sp. FID with a development plan for 200mmscfd would catapult the sp much higher I believe.
guys
we are all here as chariot shareholders to make money, if not then what is the point of posting on this board, i have held chariots shares for many years and the reason i am posting is the board of chariot have lost all credibility in my eyes, by constantly making promises they fail to keep, also every time it looks positive in terms of share value, they immediately dilute the share price by having a money grab, in the form of a fund raising exercise, thus diluting the value of the shares owned by long suffering stakeholders.
i know i could sell my shares but unfortunately i am in a hole due to the fact that i believed the farm in would increase the price, but being chariot they somehow managed to arrange a deal whereas the value plummeted, another reason why i am disillusioned, we now have the onshore drilling in f1 of this year, i will hold my hands up and say i was wrong if this happens in the timescale chariot have alluded too, so now we have a glimmer of hope that all will be sorted out by finding gas onshore, if indeed they do find gas i have no doubt it will be the wrong type of gas or the wrong amount of gas going by their past endeavours, this post is very negative but i needed a catharsis to alleviate my frustration.
ultimately ap who owns a vast proportion of the company will try a monetise his holdings by either making a success of the company or selling it on, in the meantime he does not have to worry too much as he is paid extremely handsomely with our money.
i hope and trust that all long suffering holders of chariot will benefit in the end. it is the constant waiting and endless numbers of up beat posts which seem to contain total belief that all that is printed or placed on the internet from some random hack with their own agenda that ****es me off....
anyway a bit of balance is no bad thing.
gla
The share price here has seemingly halved since the partnership deal with Energean was announced in December. Can LTH here offer a view as to why the market didn't react well to the deal, or is it more down to pushing back timelines, or something else? I note that the Director's have all been buying since the deal was announced.
Hi Ianfer, good post.
No gas in an existing proven gas field which has already proved gas ? we are just going for more on top of the proven.
Just like Anchois 2, where we were drilling into proven gas reservoirs and most thought it was a wild cat exploration well.
There has been zero new buying on the lead up to Loukos drilling the last few months, so If existing holders who have held for a longer time (and likely bought at far higher prices than now ) are selling up because they fear no gas in Loukos, it just defies all logic and reasoning.
There has been zero BESBS with Loukos onshore…..
Crazy state of affairs here for sure.
Yep Ian like I said they would/could do pre drill but I even I don't take much notice of myself having bought more the 9's.
Good postings today though
We are getting very near to drilling and some investors are nervous that there's no gas ... So they're reducing their holdings.
It's always a gamble, but the signs are all positive apart from the sp which appears to be false.
Keep the faith as 2024 should be a good year.
On again looks like we may be seeing the 7's🤬
If through drilling AE, we get offshore Anchois above 1Tcf that's able to produce 200mmscfd, then sure 100p is possible in a few years.
But first we need to walk before we can run. Onshore has the potential to make the company self-sustaining and profitable. I think onshore has the potential to cover all of our G&A as well as fund more future onshore wells that will further build up the company's balance sheet, and I see Anchois as this massive royalty asset that we have a decent stake in. I think developing onshore production quickly and cheaply is the right strategy to get the company to positive cashflow.
Cavendish believe the upscaled development of Anchois could support production rates in excess of 150MMscf/d. And assuming Energean exercise their option to acquire the additional 10%, they value Chariot’s net 20% carried interest in Anchois at US$595m or 71p per share.
So, if production is increased to 200MMscf/d come FID, then 100p fits Cavendishes existing model.
Also on page 12 “Funded for low-cost 4 well campaign”. 2 have been identified (as mentioned earlier). 2 still to be identified, but funding is in place for them. Id like to think they won’t hang about on these either, which I don’t think Auctus mentioned, but were mentioned at the presentation.
Mrplow,
See slide 12.
High historic success rate of 80-85%.
Geological similarity to Chariot’s offshore portfolio.
https://chariotenergygroup.com/app/uploads/2023/09/AGM_070923_Presentation_Final_noapp.pdf
Can't remember where I saw 65%-85% specific to Chariot's Loukos targets (Maybe it was RNS or the post-partnering presentation, can't remeber), but Chariot's upcoming targets have similar CoS as historic drills in the same region.
"A successful discovery could be brought on stream by YE24. We currently forecast that Gaufrette or Dartois could produce ~5 mmcf/d in 2025, generating US$24 mm of after tax operating cashflow per year...".
I don´t think that a well producing 5 mmcf/d could generate anything near US$ 24 mm of after tax operating cash flow per year . That would imply an operating margin (after substracting royalties and operating expenses) of c. US$ 13/mcf.
Regards
Hi BDC. Thanks for taking the time to post that - I thought I was going insane.
Re onshore - we have similar views. I hope that base case success will put a floor of c 15 p in place, and arguably amplify the excitement around Anchois. Can I just check where the 65-85% CoS comes from? Auctus says 35% in their Sum of the Parts table.
My belief is the biggest opportunity for the share to give the sort of return most bought in for is success at Anchois East and flow testing that supports 200mmscfd. I haven’t plugged that into an NPV calc yet, but that would surely take us to 100p and beyond in very short order? Do you have any view on the probability of that occurring?