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Probably a daft question but how do we know that it is ENOG that has booked the SF for this extended new session?

I assume 'senior board and management' at 8.6% doesn't include APs 8.2% as that would be double counting

Energean has responded to the latest IEA report on 'Global Gas Security Review 2024' as follows:

https://www.energean.com/about-us/the-energean-view/the-energean-view/iae-gas-remains-a-vital-energy-carrier-and-guarantor-of-energy-security-demand-is-growing/

Otherwise known as the Warren Buffet of AIM...

So who exactly is selling? Are there any holders apart from TEK? Or is it short sellers?

Oneryan, you would be better off going onto the CHAR chat as that is a lot more active and ENOGs plans (or not) for Morocco are actively discussed there

SB, I still don't understand why they don't get on with Loukos? If gas is there in commercial quantities why wait? They could certainly do with an income stream however small...

Sorry to ask but did someone on the CHAR board mention Rockhopper the other day? Was it oiltdr by any chance? Am keen to know the story on that one....

Thank you

Thanks. I came across this article:

https://oilprice.com/Energy/Crude-Oil/Russia-Discovers-Massive-Oil-and-Gas-Reserves-in-British-Antarctic-Territory.html

Hi, new to this chat but keen to know if RKH has any oil exploration rights in the Antarctic?? I suspect that we will soon learn more about this as a potential area for O&G exploration. Thank you

Talking of cash I tried to access a video recently of our glorious CFO talking with Proactive about the joint venture deal with Total Eren back on 17th Nov 2021.

If I recall correctly our CFO covers himself in glory by stating that the company will soon be generating 'oodles of cash' from the various CHAR operations, whether it be gas, renewables or solar energy. It was pretty embarrassing stuff!

Strangely that video is no longer available although anyone else is welcome to try:

https://www.proactiveinvestors.co.uk/companies/news/966477/chariot-limited-announces-strengthened-relationship-with-total-eren-targeting-renewable-energy-966477.html

https://chariotenergygroup.com/news-media/video-and-audiocasts/

Sadly Starbanker you may well be correct.

While we can still hope for positive news (or any news frankly) out of Loukos or any of the other projects that would be culminating in 'Chariot's most exciting period in its existence' we cannot rule out the possibility that this disastrous share price value destruction is all part of the grand plan of AP and the BoD to shaft the PIs one final time with a lowball T/O.

I hope you are not right but the evidence is pointing more in that direction.

This is because of the tip on Bytetree. I will try and paste some of the article...

This is the sixth gold miner I have added to Venture since last year. Centamin (CEY) was recently bid for, capturing an 84% profit, with the others still running. The shift has moved from production companies to exploration because that is where the most value can be realised.

However, while conditions for gold fever are ripe, it hasn’t started yet. The smart money is in, but most investors remain on the sidelines. The flows into the gold ETFs have been negative since mid-2020 and have only just started to rise. The gold miners and junior gold miners have seen outflows this year despite the surge in the gold price. Investors couldn’t be less interested in this once-in-a-decade opportunity.

Flows into Gold and Gold Miners

Source: Bloomberg

Yet, 93% of gold stocks are in uptrends, and 82% for the juniors. ByteTree Venture has them on the radar, and with strong gold, low energy costs, a weak dollar, high-spending governments, an unstable world, and complacency on inflation, the gods are on gold’s side.

SolGold Plc (SOLG UK, SOLG Canada)

An opportunity in Ecuador:

“SolGold is an emerging multi-asset major and leading exploration company focused on the discovery, definition, and development of world class copper and gold deposits. SolGold is one of the largest concession holders in Ecuador exploring the length and breadth of this highly prospective section of the Andean copper belt. We are positioned to support Ecuador’s transformation into the next copper frontier that the world needs to achieve a net zero future.”

SOLG is a junior miner sitting on a large gold and copper asset in Ecuador named Cascabel. It is the largest undeveloped copper resource in Latin America that is not controlled by a large mining company. It has one of the largest gold resources amongst primary gold mines and assets worldwide, again not controlled by a major.

In July, SOLG was fully financed by Franco Nevada (70%) and Osisko Gold Royalties (30%) to the tune of $750 million to take the mine to production. This is a significant vote of confidence in the project that is set to produce in five years. That is a long time away, but they sit on proven reserves of 12.4 million tonnes of copper and 31.3 million ounces of gold. It is a substantial asset.

Five years is a long time to wait, but so long as gold and copper prices remain firm, hungry investors will take the bait early. Not only is gold strong, but copper is too. The summer lull in commodity prices seems to be over, and many would be surprised to learn that copper remains in a strong uptrend. Yesterday’s Chinese stimulus package went down well.

Copper Futures See a 5/5 ByteTrend Score

Source: Bloomberg

Cascabel is a “Tier 1” asset, which means it’s an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash co

Here is the weblink. It is also on LinkedIn....

https://www.bytetree.com/research/2024/09/venture-41-gold-exploration/

By Charlie Morris at ByteTree.

Logically the longer the wait goes on the more chance of something positive coming out of it IMHO although the SP is certainly not reflecting that...

Https://www.mining.com/web/rio-tinto-chairman-warns-mining-deals-wont-solve-supply-crisis/

RK, the gold mining sector is just warming up nicely and obvs SOLG will be taken along with it in my view. As for the gold price, we are regularly hitting new highs in all currencies. Check out Charlie Morris's Atlas Report:

https://www.bytetree.com/research/2024/09/wall-street-buys-gold/

He has a target price of $7,000 by 2030 and I think he could be right. Some good old fashioned M&A could be just around the corner IMHO

Bizarrely, with escalation in the middle east looking increasingly likely this may play into CHARs hands and force ENOG to have a cold hard look at the lack of diversification of their assets which are now almost exclusively based in Israel following the recent sale of O&G assets elsewhere in the Med.

If you don't believe that that the war can escalate from here then you should check out David Murrin's Murrinations https://www.davidmurrin.co.uk/articles (We assess that the probability that the IDF will execute a massive preemptive strike on Hezbollah in Lebonan in the next few days is extremely high.)

This is obviously potentially bad news for ENOG and may persuade their BoD to have a 2nd look at Anchois/Morocco despite their recent experience. It may even be a reason why the Stena Forth has not completely given up and departed for other drill targets but that is pure speculation.

However, for long suffering CHAR shareholders it may mean that ENOG come back to the negotiating table despite recent Anchois setbacks and actually show some interest in acquiring some of CHAR's assets.

It will be interesting to see how this plays out. If Stena Forth is gone in the next few days then we can probably conclude that ENOG have no further interest....

All IMHO

If the BoD had any balls they'd be buying at this level also - but I don't see any evidence of that, do you? This is either going to 8/10p on positive nrws or sliding inevitably to zero as cash gets spent on expenses...

Just IMHO