Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Just banked $10M courtesy of FTSE 250, Energean farming in on CHAR's big gas and plenty more to come as further milestones get reached as they move towards production. Energean the operator.
2 imminent CHAR onshore drills one of which having just spudded and on the same geology as the Loukos find that's attracted in Energean.
Green Hydrogen arm
Transitional Power arm also and with a Strategic Review ongoing and US Bank Stifel have that part of the business alone as worth circa 10p alone.
https://www.proactiveinvestors.co.uk/companies/news/1043383/chariot-transitional-power-business-potentially-worth-10p-a-share-american-investment-bank-1043383.html
Its no wonder khazakstans secret billionaire just upped his stake in the company.
Cheap as chips imvho
Decent buys this morning at 9.24 but no change in the sp as there have been no AT trades so far. Hopefully on yesterday’s news we can end the week above 10p.
Got in this morning as could see things were starting to move.
Fingers crossed that things go well.
Good luck.
The Chariots are moving along with AT buys at 9.44 and At sells at 9.33. Currently Up 3.78% on volume of 3.6million. Decent O trade buy 159000 gone through at 9.423p. Are we going to see the Chariots start to canter as the day progresses.
Just added again thanks to some profits over at HEX.
Like to think we will be perhaps over 15p prior to news.
Ian there is a "report post" thingy at the bottom right hand corner of the message box and regarding the deleted messages I suspect the messages were reported by their respective owners following pressure from their idols/telegram group who as you know are not keen on the truth being spoken with regards to the current share price and where we are at given the drill bit is turning.
Hopefully be better than Beacon!
Beacon Energy will increase by multiples if they crack it and we wait an update in just a few weeks hence the SP doing nothing at the moment.
Kb, what a really weird thing to say, you are clearly obsessed with this so called telegram group ever since they apparently booted you out for being a complete trouble maker.
Chart looks great. Askar is here for reason. News flow rich period for the whole year.
Topped up here this morning.
Starting to think I should have topped up at BCE instead.
Things starting to move there after a long hold and worth a look if your not already in.
News also very soon and potential for multiples of current price.
Regards.
Think most on here would rather commit hari- kari than invest in anything old Lazza bottemless is CEO off… I assume you are aware of the connection? if not, suggest you do some browsing.
Theo
I’m very happy with the Management at Beacon and over at Predator where after your negative bashing there for a few weeks you’ve decided to eventually leave to the celebrations of the rest of the posters. Apparently you were also caught out on Predators board for doing something but I had no interest in following the thread.
Are you positive about any company that you post on ?
Regards.
Isn’t Beacon Energy where Larry “passenger” Bottomly ended up? Best of luck with that: you’ll need it.
The mou 4 rns stated.
“ As previously announced the culmination of the Jurassic carbonate target lies 2.6 kilometres to the southeast of the MOU-4 well location and significantly higher than at the MOU-4 well location. Therefore a positive rigless testing result in this zone would help to de-risk the larger Jurassic structural closure in respect of reservoir development and migration of gas. These were two of the most significant pre-drill exploration risks.”
A flow test would validate the gas presence. If not present save the cost of drilling mou 5.
In addition, a flow test may establish either a gas water contact or a more unlikely gas condensate contact.
Jimmy
Wrong company posting.
Jimmy - Predator ? Getting so excited you're in the wrong house!
Indeed, Jimmy's excitement seems to have dwindled with chariot as much as the share price🤷♂️
Kingbilly,
Actually, I am excited about chariots drilling in loukos as I believe it will rapidly lead to production cashflow and negate the equity dilution discount that the market applies to chariots valuation.
There is a reasonable chance that the deeper Navette reservoir is gas bearing also , that would be transformative, but its exploration risk. We will know soon enough.
Jimmy
Good to know you are still excited Jimmy but then again you are an eternal optimist when it comes to chariot, right back from the days of elephant hunting right through to the current gas play.
Any thoughts on the current share price given the "potential" we may be about to discover, the reserves that have already been discovered and the deals that have been done.
I appreciate you are most definitely a glass half full type of poster/investor but would be interested in your views if you'd be kind enough to share them with the rest of us on here, specifically the current star price.
Hi Kingbilly.
I was excited about Namibia because I was convinced that oil source rocks were present. More than ten years later over 12b bbls of oil have been found. Not a good business model to wait that long for a discovery and chariot has suffered huge equity dilution as successive high impact exploration wells failed. The farm out model of financing for exploration did not work.
Till anchois.
The development of anchois is not dependant on equity financing, however, it likely that chariot will need equity to fund overheads if the loukos onshore drilling is not successful.
Hence the most likely reason for such a big discount in share price.
I like loukos, because they are using the same geological model that worked well offshore and which has been repeatedly proven onshore Morocco.
Renewables are a long payback project, but needs third party finance.
Hydrogen is currently uneconomical and needs a change in technology.
Jimmy
KB.
I would add that uk oil valuations are now very much based on near term net revenue generation. So loukos is important as it will have a quick route to cashflow generation via the jv with vivo. This should sustain chariot till anchois is in production in 2-3 years.
I am expecting anchois east to be successfull including proving up the O sands, increasing gross reserves to 1tcf.
The cash generating capacity of loukos and anchois is substantial and will provide capacity for large dividend payments quickly. When the market recognises this then share price will move up quickly.
I have had to be much more patient than I expected all those years ago .
Jimmy
Thanks for the reply Jimmy 😉