Member Info for bigguboi

Fazer21, not jimmy but here are my thoughts

-15% is owned by institutions according to IBKR
-FEED has to be completed before financing, also I would think agreement on gas prices should also happen before financing
-Farm in partners coming up soon per Chariot presentation
-We do not know whether there is takeover interest or not
-Gas sales agreements are coming up, for now they have agreements in principle with Moroccan offtakers
-The communication on FEED has been "soon" but a more detailed update would be preferred I agree
-First gas estimated likely during 2025. First gas two years after FID is the goal.
-Socgen etc financing is probably contingent on other goals being met first, FEED and gas price agreements

Thank you for providing a link to the leak. Nice to see things moving forward. Still waiting for those financing terms but I think we're getting close to them now

Personally I'm not opposed to the view that human activity contributes to CO2 levels and temperatures. I think they do. I also think that sea levels are indeed rising. However the degree to which we actually have an impact I believe is vastly exaggerated, as are the future projections and doomsday predictions. The rate at which sea levels, CO2 levels and temperatures rise is of little concern to me from the standpoint of our survival. I am a little concerned about biodiversity, but our direct impacts to biodiversity (large scale logging, introducing new species, overfishing, etc) are more concerning to me than climate change related impacts which I don't think we can actually affect as much as many seem to think anyways.

I agree with Ajilimon on oil and gas as finite resources and as such I'm very happy that new technologies are being developed. But I'm strongly against reducing fossil fuel consumption in the absence of another reliable resource that can actually replace fossil fuels. It's pure insanity what's been happening in Europe and America in the last decade or two. If energy security is jeopardized, people's lives are at stake. And as such I'll continue supporting fossil fuels and energy security, and opposing climate hysteria.

Anyways moving on for real now. Sorry if I caused the topic to move off track too much, this is after all the Chariot board. I agree with Jimmy that if coal is phased out natural gas demand will increase dramatically. Going forward we might not see the low oil and gas prices we've been so used to in the past anymore... Better invest accordingly.

Sure mate. Let me guess, twenty years until end of the world again? I'm looking forward to it

Been a while since I've posted here in the absence of substantial developments at Anchois but I'd like to point out that none of the previous climate related doomsday predictions ever came to be. The track record on climate related predictions is awful, the "experts" consistently miss the mark on these wild predictions of submerged coastal cities, new ice ages, all life dying due to 1-2 Celsius higher temperatures or increased CO2 concentrations in the atmosphere, and a whole host of other scenarios that never came to pass. And the stunning part is that the same predictions are still being made and sometimes even by the same people (looking at you, Gore)! One has to ask, how many times do these predictions have to utterly fail until people wisen up?

Here's a great article listing fifty such doomsday predictions from the past fifty or so years. Really helps put things into perspective and temper climate hysteria I would think.
https://www.aei.org/carpe-diem/50-years-of-failed-doomsday-eco-pocalyptic-predictions-the-so-called-experts-are-0-50/

On another note, I wonder when we can hear more about Anchois financing? It's been a long while and it will take two years after the fact that we can actually get that gas flowing.

Ah no wait it was only 637Bcf 2C, I summed it up with 1C by accident. That's actually lower than what I hoped for but total recoverable is still quite high

1.4Tcf total recoverable, 1,002Bcf 2C. I love to see it when my base case gets exceeded!

Looks like they wanted to take profits and derisk. Nothing surprising considering the absolute state of markets right now. Perhaps they had to offset losses elsewhere? But they still wanted to keep half of their position, meaning they still see value here (as they should)

The pieces are really beginning to falling into place now. FEED agreement with Subsea7 and Schlumberger brings a smile to my face, both having worked with Chariot before and both high profile and trustworthy partners with standardized technology that fits Chariot's plans well. Once the CPR is complete -- which should be any day now -- we'll be able to secure financing, do the FID and move onto FEED and project development all in relatively quick succession.

Newsflow.

https://tradingeconomics.com/commodity/eu-natural-gas

361Bcf*

Let's also remember that the 362Bcf Anchois-1 discovery had 50m net pay

I suppose that depends on what you think is disappointing. Based on the available data I expect at least 800Bcf so I would be disappointed with resources that are lower than that, but somebody else might be disappointed with anything below 1Tcf

SHC was one of the best contrbutors to the discussion imo, it's a real shame he was pushed away by petty quarreling.

Probably the rights offering shares being issued?

I was beginning to scratch my head with that "Stetson" haha

I'll add that Morocco has plans to increase natgas consumption by about 2.5x between now and 2040. They plan to support hydrocarbon exploration/development, natgas power generation projects and the natgas industry. The plan is to wean the country off coal little by little and more into natgas. Right now coal constitutes about 60% of Moroccan energy

That's a big if SF. Hydrogen is about 2x more expensive than European natgas which is already sky high already, and there isn't much in the way of hydrogen supply to speak of right now. Natgas is simply more economical and abundant and will always be

Very good, newsflow can resume next week. Exciting times here right now

The money has also been taken on my account. I think I got what I subscribed