Member Info for bigguboi

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

Probably locking in a small profit while waiting for the open offer shares

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

It seems I got the 5,000 shares I wanted as well

SF, I would think "sonic boom" would be a fitting name for a day like that :)

So the future price of hydrogen would likely be lower then, assuming it would actually be cheaper to make using 'green' electrolysis versus natgas? Otherwise we'll be relying on govt subsidies

That's a good point medar. The current $6.4/kg hydrogen price is equivalent to $48/mmbtu, quite expensive even compared to the current natgas prices in Europe. At half that price, $3.2/kg, the price would be equivalent to $24/mmbtu which is more reasonable in this current high price environment.

Current natgas price in Europe is about $27/mmbtu.