Member Info for BouncyDeadCat

I agree Jimmy. All investors, incl PI's would love to see such an RNS backed up by an independent audit rather than & it takes time. As does the managment of an undersea pipeline and the inking of deals needed to facilitate its financing and build out.
The gas is there. A huge amount of it.
RNS's that confirm the company is getting closer to getting that gas into pipes and onto shore is what's going to move the SP. Not lip flapping PI appeasement.

'A 750bcf gas discovery wasn’t immaterial' – actual volumes need verification by accredited 3rd party, this takes time and doesn't happen overnight.

'Successful reappraisal wasn’t immaterial' – No it wasn't, that's why the RNS came out.

'de-risking 4tcf prospects wasn’t immaterial' - No it wasn't, that's why the RNS came out stating prospects were significantly derisked. However, probable reserves need verification and probabilities assigning to them by an accredited 3rd party. When that happens the news will be material and will get released via RNS.

'being awarded a 10MW hydrogen prospect wasn’t immaterial, winning the massive target rich Risanna acreage wasn’t immaterial' – No it wasn't, that's why the RNS's came out. The green hydrogen project is years away. That's why the market hasn't assigned any value to it (yet).

Honestly struggling to believe you were a senior director of 2 FTSE 100 businesses Bardobeat, you come across as a nervous PI wanting their investment anxiety placated. What kind of RNS do you want? An everything is still okay RNS?

If you believe in the investment case for Chariot (based on all the RNS's), then the current share price is an absolute gift.

However, if you can't handle your interior worry and insecurity over the money you've put at stake here and have a funny feeling in your waters, maybe sell up and invest in a larger low-growth, low-risk stock instead.

Providing periodic nothing-burger updates to the market isn't going to do anything for the price.
News needs to be material.

I imagine the BoD aren't interested in flapping their lips to appease a few bulletin board PI's.
I certainly wouldn't be if I were them.

A much more productive use of their time will be getting this project into operation. Which is what I assume they are working hard on doing.

The evidence of their work and progression of this project will come in the form of dried ink on contracts and the RNS's informing us about them.

Simon Trott's salary is 1.48 million so half a million is 1/3 his salary.

Would 1/3 your salary be nothing?

Did they have the conversation about pulling out of Russia before selling their stock and then announcing it after?

Hmmm...

BoD's selling nearly half a million £ worth of stock at £60 per share should have told you all you need to know.

SP was going to decline!

I wonder if the BoD had already had the discussion to withdraw from Russia and what effects that decision would mean for the share price?

We live in interesting times where trust is hard to come by.

Deramping a FTSE 100 company being trading on major exchanges around the world on a website read by a couple hundred retail punters? get a grip soft lad.

We are here to discuss what this means for BP and ultimately - its shareprice. People will naturally have different opinions. It's what makes a market.

The infrastructure plan remains the same, even after the recent increase in gas discoveries. Only change is bigger pipe to shore. Reason for no changes to the infrastructure plan to incorporate wider satellites is because most of the work has already been done and manifold design is adaptable over time. First gas by 2024 continually stated by both ONHYM and Chariot. But yeah... no definitive plan lol ;)

I'm not talking £2.50.
I think it could maintain this price or slightly below.
However, I think you're living in cloud ****oo land if you think the Russian state will give them any money for their stake after they've been removed from the western financial system. Their banks couldn't even make such a transaction.

Enso - Maintaining revenues would be a positive result.
I don't think you're not taking into account the amount of money it will take to replace those lost reserves though & for growth and to service Europe with the shortfall Russian reserves will leave, this is something they will need to do.

meoryou - do you think Russia will give them anything for their stake after the way they have been cut off from the west?

I don't.

I'm making no moral argument here. I just see the relationship and trust as being no more. BP's 20% stake in Rosneft should be seen as a write off imo.

You can't squeeze blood from a stone.
Especially when you've already tossed that stone into the lake.

It doesn't matter what it's listed on the books as if Russia takes their reliquishment as an acceptance they don't want anything to do with it anymore.

Yes, but..
Oil & Gas projects take capex to bring online. Lots of capex.
All those projects added together may not even replace the 20% Rosneft stake.

I'm not saying BP can't fund new projects to eventually replace the 20% Rosneft reserves. I'm sure it can and will. But it'll cost them and short to medium term growth will take a hit. With oil prices where they are, now should be a time for roaring growth in revenues for a company like BP. Yet with a 20% loss of reserves, maybe the best case we can hope for is just that they are able to maintain current revenues and current SP.

The infrastructure they currently have in place may be able to pump a little more, but I suspect nowehere near enough to cover the 20% shortfall.

The increase in the price of oil may help maintain revenues and maybe even help maintain the SP in the £3 range. But with a 20% loss in reserves - growth that would otherwise have been there, has effectively been ripped away.

This isn't really about a non-cash adjusting item charge.
20% of BP's reserves have gone away.

Taking 20% of Tesco's products off the shelves would have a massive effect on Sales, thus revenues.

I suspect it may be being held up by BP's share buyback program (up to $1.5 billion in purchases allowed for this quarter) if that's what they're doing (if), then I'd expect to see a lot more downside in the weeks/months to come.

All have interests and reserves locked in Russia. Some as much as 20%.

Europe is reliant on Russian for its gas.

Chariot has discovered large quantaties of gas just south of Europe with a pipeline already plumbed in. First gas due in 2024.

You really don't need to over-think this one.

Bought even more today.

the naysayers on here were giving their reasons for why the Rissana Offshore Licence wasn't going to be awarded to Chariot, or if it was, how the terms would be changed for the worse.

Don't listen to the doomsdayers. They have been wrong snce pre-drill and they continue to be wrong still.

'They've had a successful appraisal - without doubt a hugely significant de-risking milestone. But now they need to de-risk the financial side of the project'.

One feeds the other.

How much money is required to build the project depends on; where the gas is, how much of it is there and how easy it is to get out.