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Goon, nobody cares about you buying. We’re all holding on for news from ripley94 to find out whether he has sliced another tranche or abused a turbot in some other deviant manner.
Well done on finding this, possible hat trick of RNs news flow!
Growthpoint Properties signs landmark wind-hydro-solar PPA deal with Etana Energy, with hydroelectricity from Serengeti Energy
Just out……Growthpoint Properties entered into a milestone Power Purchase Agreement (PPA) with Etana Energy for 195GWh of renewable energy a year, representing 32% of its total current annual electricity consumption (612GWhs in FY23). A landmark transaction that validates all our efforts over the past few months. Well done to all the teams at Chariot Limited, H1 Holdings (Pty) Ltd and Growthpoint Properties involved in closing this PPA!
Nicked a few more @ 0929 just for the sheer stress of it all. .
"I’m hoping not like to see us get to first gas" - speak for yourself.
I will derisk a bit on FID if teh price is right. But would certainly hold a substantial amount through to production.
If but most probably when we get a resource upgrade I think we’ll get a couple of cheeky bids coming in for Chariot
I’m hoping not like to see us get to first gas
I think it's a case of accumulating what you can at these levels. Chart looks constructive with the newsflow to come, and only a matter of short time before it breaks above this resistance level.
"Moroccan regulatory approval of the Energean partnership transaction is expected shortly. On completion, US$10 million will be payable to Chariot." Think this will be the firing pistol if it lands before the onshore drilling update? All imo and dyor
Potential circa 50bcf on first 2 targeted onshore wells alone , should give flow rates of circa 10 mmcfd combined ( 5 mmfcd each) ….at$12 mcd this equates to $120-144k per day , each additional mmcf of combined flow equates to additional $12 k per day .
Malcy:Anchois has not been forgotten in all this, the new partner is bedding in, with farm-out completion shortly, and drilling will start later in the year along with the FID. With continued high prices domestically all these developments are increasingly positive for Chariot and I maintain my target price of 100p
According to the data more buys than sells so far today
[LINK REMOVED]
Hopefully the market and investors will also now realise that Anchois will go to FID and the main purpose for AE and its multiple objectives ( including multiple DST’s) is to establish the initial scale of the FID , this partnership is an expanding relationship with ENOG and I expect huge success at AE , targeting to hit 10 reservoirs ( 8 already proven ,1 with near 50% probability And 1 with 65% probability ) and I also expect ENOG will exercise the option….Onshore success in H1 should bolt on further wells in H2 funded by ENOGs first milestone payment.
So much for staying above 9p. This big seller needs to bugger off.
The sellers in full flow
It's actually 5 out of 6 Directors that have bought in the past 2 weeks.
Adonis Pouroulis (CEO)
George Canjar (Non-Exec Chariman)
Julian Maurice-Williams (CFO)
Duncan Wallace (CTO)
Chris Zeal (Non-Exec)
I will try and grab some more under 10 if possible tomorrow if funds become available
Wizzard .... some of them have very deep pockets and very short arms but at least they are dipping in.
114000*.088= £10k……..
a weeks wages for some of the directors
...with an initial chunk - will add more in due course. This looks like it will certainly be a news filled and hopefully re-rate year for Char, but either way, there is definitely upside from these levels imho.
Hopefully some trust is being regrown, if the q1 timeline can be maintained and news flows as it should then the next few months might actually achieve the transformational event lth have been waiting for
Gla
Yep probably more to come regards
Chris Zeal this time.
That’s 4 directors that have been buying Chariot stock over the last 2 weeks.
Short Blog today as he was travelling. Repeated the RNS and added the following comments at the end.
"I will update more with Chariot when I return but in the meantime this is very good news indeed from the company. With the drilling at Loukos onshore Morocco now imminent and a rig selected, success will be a game-changer for Chariot. The Gaufrette prospect comes first and then the Dartois, and with a combined potential of some 46 Bcf the opportunities are indeed substantial and also very quick to monetise with more to come.
Anchois has not been forgotten in all this, the new partner is bedding in, with farm-out completion shortly, and drilling will start later in the year along with the FID. With continued high prices domestically all these developments are increasingly positive for Chariot and I maintain my target price of 100p."
https://www.malcysblog.com/2024/01/flash-blog-chariot-jog-ujo-europa-gulfsands-beacon/
The end says , planning on the signature of rig 101.
Every report says it has been signed……
Predator says in one of their statements that they are competing with char to get the rig 101 signed…
I interpret that as the negotiation are still going.
A bit misleading
Fernan,
The futures market was created for the sole purpose of buying & selling a commodity you don't yet have, that's deliverable at some specified date in the future.
I'm not saying Chariot will sign a supply contract with Vivo until the wells have been drilled, the gas found and the pipes are in the process of being connected to industry. By the time Chariot is at the stage whereby it's about to start laying the connecting pipes to industry, the future delivery of said gas is no more at risk than gas that's deliverable via any other pipeline that's been in situ for a decade or more that still remains at risk of a random terrorist strike or natural disaster etc.
If the contract was for Chariot to supply Vivo with say $25m worth of gas in 2026, Chariot could borrow against that contract going into 2025.
It would be Vivo that would hedge the (future) price which they agree to pay Chariot for its gas in 2026.