Chariot Limited Share Price (CHAR.GB.PL)

Chariot Limited, the Africa focused transitional energy group, notes recent media reports on a workshop held recently between the Company and representatives of various ministries and institutions of the Government of Morocco regarding the roadmap for the development of the Anchois gas field, offshore Morocco. The workshop was held as a closed meeting. The information therefore contained in the media reports solely represents the views of the authors.

Chariot will keep the market updated as development plans continue to progress, but, as previously disclosed, the Company confirms the project remains on track and that all parties are working collaboratively to ensure the timely delivery of the Anchois development, a significant project for Morocco, for the benefit of all stakeholders.

It seems that a regular but private meeting between all stakeholders in the Anchois field development, where a series of presentations were made has been infiltrated by a journalist who has either taken the presentations or slides or both. 

There is nothing damaging here, whilst the article makes it looks like it’s written by Chariot, which it clearly is not, it is actually pretty positive as it shows that what the company is saying to the Government is what they are telling investors. There is nothing sensitive in the data released nor, I understand any information that was not already in the market, but just not what the company or the Government would normally share at this stage of the development. 

Perhaps more importantly, Chariot has announced news from South Africa.

Chariot has announced it has formed a new joint venture through a 25% interest in a new South African electricity trading company, Etana Energy (Pty) Limited (“Etana”) which has been granted an electricity trading licence by the National Energy Regulator of South Africa (“NERSA”).

·    South Africa is the largest electricity market on the continent but has regular power outages due to insufficient supply. To combat this energy crisis rapid market deregulation is currently taking place, which includes selectively issuing electricity trading licences and facilitating the build of energy projects of up to 100 MW generation capacity.

·    Etana’s objective is to deliver unique renewable energy mix solutions at competitive prices to help address the significant power requirements across South Africa with the licence opening up access to a range of high-volume off-takers including municipal, industrial and retail customers.

·    This trading licence gives the right to buy and sell electricity on the national transmission grid and within some selected municipal areas.

·    Electricity trading could bring an additional revenue stream into Chariot and could enable Chariot’s future participation in large renewable projects in Southern Africa.
Full article :--
https://www.malcysblog.com/2022/11/oil-price-chariot-zephyr-tower-and-finally/

5p!? Is that a joke. I'd sell everything I own to get in at that price

Clueless Inc

The recent sizeable gas find in Anchovies 2 is a game changer. Gas takes time to bring into production, nevertheless, assuming gas prices remain high, this looks to be a speculative BUY.

A drop to such levels would mean further buying :).