Member Info for harrycarter

How long before ONHYM takes back Lixus and gives it to an operator what ain’t cash-strapped? Murphy for instance.

More nonsense about Chariot working to "right size" the Anchois field development. From memory Anchois was gonna produce 100mmscfd. That's nowt. If they make it smaller they still have to carry the burden of deep water field + very costly tie-back to shore + onshore plant + long onshore pipeline connecting to grid. If anything it needs to be bigger to carry that burden. In addition, they can't do anything unless they test the field. That means 50 milliin bucks up front at least. Anchois is truly dead in the water.

No Anchois wells have been tested. Ever.

Thanks for the name check.

Anchois…dead in the water due to water.

Loukos…a duster and a technical discovery aka two dusters.

Nour…forget it.

Namibia…IF a big oilie gets the license and IF Chariot can afford to fund its share and IF there’s a discovery and IF it’s commercial you might see a return in 15 years.

Creating two companies…ain’t gonna happen even though you put yer cash in.

The Angola deal…ain’t gonna happen either IMHO.

DONT SAY YOU WERENT WARNED.

Speaking personally, I’d rather invest in Bernie Madoff’s latest scam than in Chariot.

I expected Energean’s FPSO and Chevron’s FPSO / Platform to be targeted after US and Israel targeted the South Pars field. It’s going to happen isn’t it?

If you’re a shareholder, ask a direct question to Julie or to PR. I’d bet my house on it. Or maybe they’ve made payments following the recent cash raise. Either way, you’ve been kept in the dark like mushrooms.

Chariot still owes money to drilling contractors in relation to Anchois and or Loukos. They agreed payment plans. But defaulted on em long ago. Contractors clamouring for payments now. You couldnae make it up.

Don’t be surprised if Energean’s FPSO is destroyed this week.

It looks like Duncan “Jock” Wallace (aka Witless) and his team will have ‘work’ for many years to come on ‘operations’ in Morocco, Mauritania, Angola and Namibia. Er…great news I suppose.

They raise 20 million to do this deal. The deal falls over and they use the funds to keep themselves in grotesque pay n parks for another 4 or 5 years. They’ve done it before. And they might well do it again.

I predicted many moons ago that the Chariot would struggle to create newcos without losing the Namibian back in rights and possibly the Anchois license. That is what has happened. So they are forced to sell the solar panel rental business. Not a bad plan in itself as net zero nonsense is going out of fashion fast.

So the transitional gas co. looks like becoming an old-school oilie co. But what a business. The rubbish in Morocco. A vague possibility of of back-in to more value destruction in Namibia. And now a very complex deal in Angola. And who is in charge and looking forward to a few more years of excessive pay n perks? The same old scam merchants who've had your hard-earned for many years.

And then there's Malcy pontificating on the sidelines.

What a shambles.

Another complex deal to bamboozle PIs.

Didn’t you ever see that stuff from Finchy on the other board? He referred to the CFO as Julie and hinted that Julie was shacked up with Malcy in a love nest on the south coast . Made me laugh at the time.

AP - £500k pa plus perks

Julie - £300k pa plus perks

Duncan - £300k pa plus perks

The French fella - £250k pa plus expenses and perks

The renewables fellas - £250k pa each plus perks

Them lot alone is costing you in the region of 2.5 million a year. Then there’s the offices, the gofers, the travel and the ancillaries.

VFM? You tell me.

Are you sure they’re drilling anything?

A few big companies have drilled offshore Morocco…Repsol, Cairn, ENI and Energean come to mind. The only one to have discovered gas is Repsol. And they walked away. Murphy are not great explorers. The likely winners might be handful of individuals getting jobs with Murphy for a while. I’d be surprised if the French fella hasn’t got his resume over to Murphy already. If he gets a bite, he’ll use it to bump his already crazy high expat deal or to get the top job in the oilie spin-off (if that ever happens). But for losers on here it’s just noise.

Murphy will have to spend years studying and appraising their recently acquired acreage. Unlike Chariot, they have the resources to do it. I wonder if the French fella has fired off his cv to Murphy with a view to extending his colonial lifestyle. If he does jump ship, will Witless be deployed out there to save money?

Has AP been up to space for 10 minutes?

You can see it from Anchois presentations…multiple wells in deep water and in each well multiple completions to access small gas pockets each with massive water risk. And no tests ever carried out. It’s uninvestable I’m afraid.

And the fact they have done nothing with Loukos since the so-called discovery tells you all you need to know. Onshore gas fields are cheap to get going but Chariot haven’t moved it forward. Go figure.

Seems to me that Witless is reconciled to the fact that Morocco is a dud. He wants to hand the poisoned chalice to the French guy so he can focus on elephant hunting in Namibia (with your money).