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@whimax - any update on the large distressed seller?
2 weeks ago you said:
"Well, whadaya know!! Looks like the distressed seller has just cleared.
If anyone wants me to pass on any apologies to anyone, just let me know!!"
Is he still around, or has he cleared and there's just no interest in Chariot at the moment?
You might well get your wish at this rate!
I'd be more than happy to see this drop back down to the 7s before the rig arrives £££
Henry Sinclair.
Mistaken I’m afraid…..absolutely no idea who you refer to, however if it makes you feel better , I can be anyone you want me to be…
SHC's only desire is to turn this into an echo chamber of ramping and should anyone post anything that he sees as negative he will start posting like he does best, as Henry so aptly puts it "toys oot the pram" 😂
He even banned BDC from his main echo chamber for questioning the motives of one of his gang members and then acted like it was nothing to do with him🤔
Anyone seen our rig 👀as we are quickly approaching a month over due and still no official word on why or when 🙄
Maybe SHC will pop by and give us the goss from the "socials" where apparently chariot news is aplenty....🤥
Well said Henry. 👌 I think its safe to say that its SHC back again as an alias ghost of the past. It was rather pathetic to read his parting thread on here when he threw all the toys out the pram🥳🥳 Infact I thought that he said this was a "Cesspit" on here,jeez whats he like..... Oh well the suns out this morning, lets hope for some sunshine on this bloody thing soon🤞🤞
The Bold
Your posts are akin to old poster SHC. He would shake his rattle whenever anyone Q his or the companies narrative. It was once suggested the company would fund raise. He was most upset, after all he had popped into chars offices and shared in a casual cuppa and chat. Anyway, 3 fund raises later and he was no longer seen here. Keep the faith, everything the Company suggests will happen.
No AP. Means no Char.
Remember all those oil co listed on AIm. The AIM model is not the same just as Char the elephant hunter. Look how Sirius minerals transitioned from business model. I threw money at on oil prospector turned into gas storage. Prospector only to become HAL.. a prospective ship builder !!
listening to JMW is just like listening to Rupert Cole XEL.. could be forgiven for thinking they attended the same school of BS. Like an old Terence Thomas flick and the old school tie
It’s all about being the middle man. Without AP there is no Chariot.
Annual report shows they own 100% of Chariot Namibia. Isn't this there off shore interest? Should be worth something.
Don't they still have an interest in Namibia?
Https://www.offshore-energy.biz/chariot-to-withdraw-from-two-blocks-offshore-namibia/
“NAMCOR has requested that Chariot remain engaged in the partnering process through a zero cost option to back-in after exploration drilling in recognition of the depth of understanding of the Chariot team of these licenses and the quality of technical work performed.
Https://www.offshore-energy.biz/chariot-to-withdraw-from-two-blocks-offshore-namibia/
Thx Jimmy.
I'd imagine Chariot must be bosted by the Galp news...plus, as they now have an experienced operator on board in Morocco, I'd imagine there may be some interesting discussions about that 10% opt-in.
Whatever happens, it's another string in Chariot's bow!
@jimmy23
imagine if they have kept that license
Norviking.
Chariot had previously identified a very large stratigraphic trap for natural to the west of its block 2714 .
In light of the nearby oil discoveries it might now be considered viable as an oil target
The licence is held by namcor and chariot were to assist in farming out in exchange for a right to be granted 10% after a well had been drilled by a new party.
Perhaps someone in chariot could advise further.
Jimmy
Just 6 trades so far for a volume of 186000. No change in the sp as we haven’t had an AT trade yet. Let’s hope the onshore drilling news arrives soon.
Jimmy - thx for that info.
What are the potential implications for CHAR on this news?..and how would this work - if CHAR wanted to exercise the opt-in for the 10%, would there be a (big) cost assocaited with that? Can they sell the opt-in rights to the main/another operator?
Thanks.
Ramadan and even the school holidays are over what can we blame the delay on now🤷♂️Answers on a postcard or just post them below😁
Any one seen our rig???🙈
Suresh,
Chariot have a residual back in rights for 10% to block 2714 in Namibia, which is adjacent and contiguous to galps, giant oil discovery.
Jimmy
I suspect that Energean are keen to get on with this.... They have been clear about Morocco, potentially, representing a key point of diversification to their existing geographies and therefore getting clarity sooner rather than later will suit them. AP has also talked about their ability to potentially accelerate Anchois production timescales if they choose to, although he wasn't clear on the how.
There is some interesting activity on the near term horizon : Loukos, Anchois, Strategic Review on Power arm, with heavy newsflow in the next 3-4 months.
As someone highlighted recently, you can only sell once (in relation to persistent selling)...
DYOR
Thanks, Thebold appreciate your input.
With the Shell drill looking like it'll be completed by mid-June, there looks to be plenty of time to complete all those items and still commence during July. But my main point was to demonstrate that first and foremost Q3 not only looks very much on (so no delays) but also that early Q3 is most likely.
Hi BBN,
The drill ship would come on a reduced mobilisation rate / unit cost at a contractually agreed time from demob with Shell to spud with us. There will be a large movement of kit from shell contract to our one . Normally my experience is after TD called on final well and all logs/ cores/tests are completed, it would be circa a week or so to fully demob the outgoing operators rental and ancilary kit etc. not common for all service spreads to be same for new operator, so a fair bit of shuffling will be needed, I imagine she may come in to port somewhere as well between the 2 contracts.
The Shell drill began on w/c 8th April so at the same drill duration as their first well (c. 2 months), it would be completed by mid-June.
I estimate c.20 days sailing from the North East El-Amriya block to Anchois.
Looking at the latest information about Shell's offshore Egypt campaign the Stena Forth could be on-site at Anchois as early as July.
With on shore likely gearing up next week it is set to be a busy few months for CHAR.
https://x.com/BigBiteNow/status/1782370323284836570