Member Info for bigguboi

hopefully no buy out

or maybe £5 is a bit much actually, £3 is probably more reasonable in that case

Upwards of £5 imho

The big issue with relying entirely on LNG comes not only from lack of supply but also lack of feasibility as Europe doesn't have the capacity to regasify an extra 155bcm/y, not by a loooooong shot. Energy production will need to be diversified: more coal, heavy oil and nuclear, and yes renewables too. And it will take years to offset any significant portion of Russian gas too.

Chariot will be there to take some of that weight off of the supply chain though.

Aaaand here it is.

Julian Maurice-Williams from Chariot did say in an interview that partnering for Anchois is in the cards

Looks like the share price is set to break up any day now. Consolidation has been going swimmingly and the resistance has been hit multiple times while the bounces down have become smaller and smaller. One material news release and we're off again

Drilling Anchois N a bit deeper to test the sub Nappe prospect would actually be a great idea I agree jimmy

https://doomberg.substack.com/p/measure-twice-sizing-europes-natural?s=r

Doomberg posted an excellent article on the matter of Europe turning away from Russian natgas imports. He goes into the numbers and facts which show just how big of an undertaking it would be to replace all 155bcm/y imports. Recommended reading and maybe download a copy for the future as well because Doomberg will go behind a paywall starting next month

Not sure about the exact depth of Anchois-1 other than I think it was a little shallower but Anchois-2 was drilled to 2,512m depth and water depth was 381m. Deeper sub (pre) Nappe source rocks apparently have potential for oil but I think the focus will obviously remain in the post Nappe gas targets which are very much derisked and better interpreted

https://oilprice.com/Latest-Energy-News/World-News/India-Faces-Coal-Shortage-Again.html

Next six months will continue to be force majeure for the railway company according to the RNS. But exports continue.

I'm sure India or China would like to buy discounted coal. The only issue would be the logistics of course but when there's a will there's a way. India is already buying Russian crude at $30/b discount.

That would be a delightful opportunity to afd

EU natgas up only 0.14% today though

As they say... "An investor has only one reason to buy and a thousand reasons to sell". Have a good one Cloudsurfer. Not the worst time to sell but probably also far from the best judging from where Chariot is clearly headed

Industry connections and Total

New statement: https://www.lse.co.uk/news/CHAR/gasunie-hes-vopak-plan-ammonia-hydrogen-terminal-at-rotterdam-b798cefi9qh5z5w.html

The hydrogen project is coming together!

https://oilprice.com/Energy/Energy-General/The-EUs-Coal-Ban-Could-Create-A-Domino-Effect-In-Global-Energy-Prices.html

Nothing wrong with trading and hoping to buy back in lower. Personally I'm not taking my chances there by selling. But it's silly how some people here act so hostile toward people that do