The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Re ESG, the G7 changed tac last July on funding gas projects given the Ukraine invasion and funding is now "appropriate" for the gas sector.
The full emmissions of the CPF etc won't be known until the FEED has been finished and gone over ie circa now but the bods in IR are well down the list of those who know the details.
You won't find any oil or gas project in Africa that is net zero, the only one close is upcoming Baleine which they say will be net zero - but Scope 1 and 2 only.
Don't think this suits a major at the moment although Eni are drilling off Tarfaya early next year.
It suits the likes of Repsol and Capricorn very well though and I'll happily munch away on Mrs Dean's hat if they haven't both been working through the data room.
Probably they also suit Chariot better in terms of nimbleness and fast-tracking although Eni is working on a lot of Fast LNG across Africa and with a touch higher reserves Lixus could fit in very nicely there although with the GME there it wouldn't really make sense unless EU gas prices do crash, which is extremely unlikely and all the less likely if this counterproductive cap is really finalised.
Have to agree disappointment at more jam tomorrow and i'm sure that's why there's the sale today, lot's of retail put too much of the family silver in and scared when the price moves.
Unfortunately the ministry and ONYHM have had little to do for years and now they are trying to progress Chariot, Sound, Predator, LNG FSRU, what to do with the GME and Spain... They're a tad overwhelmed. They will get there but as Chariot said they're still hoping for Q1 FID but pessimistically saying Q2.
Chariot have still got a good chunk of gas to sell privately, said they've somehow managed to keep to budget on capex so close to the end of FEED.
It's frustrating but they are having interest from partners and it's a waiting game. You can sell and buy back of hold and not worry. If you can't do the latter then the former is a better option but I never understand whey people spend their own limited time ****ging off a share it honestly confuses me.
Many thanks. Shame the Sound RNS came out on the same morning, they should have given more detail on the "competitive" farm down process. It's great they have so much skin in the game themselves but they could give more oomph, I do think IR should be helping them with more than that and PR seems very poor generally, not sending an RNS out about an investor presentations is just amateur.
Obviously the current sell price is lower than the offer price, does anybody know if we hold on until Q2 do the shares just get cancelled and the 32.5p price paid into my Hargreaves Lansdown account?
I'll be extremely surprised if Repsol doesn't come out on top from the several interested cos that have been through the data rooms. They gave it up when there was no demand but they were interested in the first place, have close relations with Morocco just across the water, are desperate for gas after the Algerians threw their dummy out and the pipe lands right on their doorstep. From Chariot's view they have a ready market and vast experience financially and technically in almost all the aspects where Chariot needs its hand holding.