Member Info for Gobb

Thank you.

PapakiLegodi - your observations of this chat board aside - what is the outcome you are personally pushing for?

What are we missing here guys? I read further on in the Slater report that they appointed Reuel Khoza as a NED last October, so you would think he would represent Slater’s interests given he’s a NED of Jubilee also!

I share the concerns of many here.

How and where can I cast a vote against the sale?

@papaki - if that scenario happens ( Leon and some Board members leave if the vote goes against the sale ) who takes the company forward and how might they do so? I assume you may have speculated and played forward such a scenario?

There is certainly no need and no basis for you to call me a moaning Minnie gotreal - this is my first time posting on this board - just trying to get some opinions on why or why not Tjate would be retained, willingly or otherwise.

Appreciate the comments and historical view from LTHs. It certainly has the whiff of ‘buyer didn’t want it’ (too expensive, risky etc to develop vs purchasing the steady known assets and income stream). Time will tell I guess …

Mining started in 2017!! Surely the potential would be well known and calculated by now!

Apologies for typos, am on the phone, should read:

Hi all, could folks give your opinions on how ii’s current individual shares of Chariot work in the new 2 entity structure? I’ve not got my head around it yet. For example, Will we be given 1 share in the new entity for every share we own in Chariot?

Thanks

Hi all, could folks give your opinions on ii’s individual shares of Chariot work in the 2 entity structure? I’ve not got my head around it yet. Will we given 1 share in the new entity for every share we own in Chariot?

Does anyone on this board subscribe to this site (there is a LinkedIn post suggesting that Energean’s CEO talks about Morocco)

https://pemedianetwork.com/petroleum-economist/articles/upstream/2025/energean-ready-to-go-deep-into-africa/

Friday evening catch up and quick back of envelope maths - welcome any comments or corrections:

Etana ownership now:

H1 - 36%, Chariot - 34%, Norfund - 20%, Standard Bank 10%

Chariot received $20m from Norfund - so it’s a fair assumption to assume H1 received the same, therefore, Norfund paid $40m for 20% of the business.

Implied business valuation of $200m

Chariots 34% - $68m or approx £52m - 2.5x closing bell market cap of £20.5m

At this stage with more projects in the pipeline - credit finance secured and heavy weight investors - all as per JMW’s update - I can see the route and timeline to real revenues (finally) and am in danger of allowing myself to start to feel a little optimism….

Now if only the O&G side could deliver some real news …. GLA

… has just updated his LinkedIn profile to mark the end of his position as Morocco Country Manager. Make of that what you will …

A nice contract but hardly game changing for this sector and given how long BATM have been in business. As a shareholder and someone who has worked in tech sales for 20+ years I am underwhelmed by their sales and marketing team. I hold because I thought the (then) new CEO would bring energy and dynamism to really push their products out there. So far they are struggling to scale.

I must admit my jaw dropped lower then at any point of my own personal saga with CHAR.

Personally im weighing up posting / messaging these character directly via LinkedIn. I do not see any value from the paid for PR firms

And same here: https://fr.hespress.com/394993-energean-se-retire-du-champ-danchois-des-resultats-de-forage-en-deca-des-attentes.html

Wow just found this: https://mobile.ledesk.ma/2024/11/07/gaz-offshore-au-maroc-energean-se-retire-du-champ-danchois-apres-des-resultats-non-concluants/

Used chrome translate function to put it into English: it references an interview with Mathias Rigas at ADIPEC 2024 which was November 4 th to 7th

President Macron and the King of Morocco recently signed a $1.5Bn contract for the development of Green Hydrogen production. TE H2 (owned by Total Energies and Eren) is leading this …… where is Chariot in all this and what of Project Nour? I think we are being left behind by the real movers and shakers …..

Would anyone on here who attended the AGM in person, mind sharing why they are still holding onto CHAR and what influence if any the AGM had on your thinking (btw I totally appreciate you maybe in a similar position to me praying to get as close to my average before leaving this AIM car crash behind).. I’m still fascinated / incredulous at the tone that was communicated from the AGM and yet (they surely knew) within a day(s) we had a complete and utter share price collapse due to Wallace drilling in the wrong place again…

I’m confused the RNS says he purchased and then sold an almost identical amount - am I reading that correctly??

I agreed with Fernan - this is negligible as to make it impossible to draw any sensible conclusion. One of my many frustrations with CHAR (and I kick myself repeatedly on this with hindsight) is how little real skin in the game, apart from AP, the BoD have in terms of share holding …. Compared to tech companies I’ve worked for where founders and execs are so invested around the share price - you know with absolute clarity that they want the same thing as the ordinary investor. This lot just cream unjustified salaries for non delivery and endless failures ……. I’d bet many on this forum have significantly larger shareholdings than the BoD but we are stuck waiting for the break even point to out of this mess …. a painful AIM lesson