Member Info for harrycarter

Do you read the stuff you link? Moroccans now betting on Tendrara. But also “ The country plans a natural gas terminal in the northeastern port of Nador West Med, to be connected to the same pipeline.” Seems like they’ve given up on Anchois. They’re building an import terminal on the med. possibly enog will be selling em Israeli gas. Anchois looks as dead as a dodo.

I was trying to make it easy for you. ENOG has left the building. The building is still in Morocco. ENOG will sell the furniture and turn off all services later in the year when the license expires. Until then, they will keep CHAR guessing. Why doesn’t AP call for a JV partners meeting.? They are usually held twice per year. Just asking.

More deluded stuff on here as usual. Enog has left the building. They will turn off the lights when the license expires later this year.

I think you will find that Soc Gen has pulled out of lending to new oil and gas developments. I suppose they might make an exception for AP and co. But I doubt it.

Nobody but nobody is going to invest in or finance the development of Anchois without further appraisal drilling. A much smaller development than the one touted by Chariot will cost at least half a billion dollars. Who is gonna put that sort of money down on the word of Duncan Witless? Just saying.

LOOL…it’s what I say not why i say it that matters. DYOR.

Can’t believe what I’m reading. Loukos worth $5-8million. Er no…it’s worth precisely nowt. Getting $15million off ENOG for Anchois FID. Er…hell no. ENOG is not going to give another cent to Chariot. Get real guys.

No it isn’t. Moroccans will be mighty tired of Chariot by now. If it’s as good as you say it is, they will use the expiry to bring in a proper oilie with technical expertise and financial muscle. You know it makes sense.

An sdx cast-off. One duster. One untested so-called discovery. No infrastructure and no cash. Plus a total loss of credibility making deals difficult . Loukos ain’t happening quickly.

The terms of the farm in required em to pay back the carry from revenue if the project went ahead.

Then the farm in terms were most likely changed to remove test obligation.

And finally the license times out this year.

It’s a real mess and IMO there is no chance of a good outcome for Chariot.

Wallace has certainly messed up on the rock doc stuff but the contractual mess is down to AP and JMW.

Er…when does the Lixus license expire? That might be reel to decision timing. Just saying.

...starring Sid James as Jimmy.

Let me say it again. Anchois ain't happening. The very best that Chariot can hope for is that ENOG walks away when the Lixus license expires this year and Chariot persuades the ministry to give them a 75% interest and operatorship. They will only get that if nobody else is interested (as was the case when they picked the license 5 years ago). If they do manage to get it, you're gonna see rinse and repeat to keep Wallace and co in the pay n perks they enjoyed to date. And in the end it will bite the dust.

And Loukos is a dud too. You should have expected that from an SDX cast-off. Personally, I just do not believe the second so-called discovery well was anything of the sort. Chariot's refusal to test it confirms that.

And then there's Namibia. A desperate last throw of the dice which would likely end up bankrupting Chariot.

Green hydrogen...please...

Solar panel rental in Africa...pretty please...

I think I got the film title above wrong. Carry On films were comedies. 2025 Chariot is no laughing matter. A disaster movie or a tragedy would have been more appropriate but my 5 minutes is up.

Cant you read? Sell or hold. Depending on your circumstances. Never buy. Unless you want to use your coin to fund directors' lifestyles.

2 million shares at 1p...that's 20 grand. Hold or sell depending on your particular circumstances. But do not buy coz Chariot is not an investment. Even at 1p. It is a lifestyle company for AP, Wallace and others.

Spot on.

And they'll be lucky to get anything for either Anchois or Loukos.

Bottom line...priority is to keep the plates spining so that management pay n perks can be paid for as long as shareholders will stand for it.

Waiting for on offer on the power pillar.

Waiting for ENOG to make a move.

No intention of spending on Loukos.

No intention of buying a license in Namibia or anywhere else.

No funds to invest in the hydrogen pillar.

Simply sitting there on crazy high pay n perks hoping that something turns up.

You know it.

Two fun posts on the other board. Legend hsfinch has done a Xmas spoof which hits the nail on the head re. Chariot thinking. Mr Angry (aka brazilnut) suggests that ENOG is planning to sue Chariot and that AP and Wallace will be doing time. Happy New Year.

You're guessing. You know my theory. When ENOG realised they'd spent 50 million bucks on a duster which was supposed to be an appraisal / keeper, they went mad. They called in their lawyers. I bet they threatened to sue CHA but then negotiated a change to the terms. I'm speculating and I don't know what the changes were but I believe I will be proved right. Merry Xmas.

Jim, I was responding to surety's post suggesting meaningful cash from a Loukos farm out / compo from ENOG / sale of power business. Pure wishful thinking. Now if you own an asset you don't want, you will try and get something for it. ENOG owns a 45% interest in the Lixus license which it doesn't want. If it can find somebody who does want that interest, it will try and do a deal. Chariot could pre-empt of course. If it can raise the cash. It shouldn't take long to assess the results from Anchois 3. ENOG has made the assessment and decided to all stop. There is now a commercial and legal strategy being worked through which will end badly for Chariot's shareholders.

Here we go again. Loukos farm out...would that be before or after the well test you stumped up funds for? Nobody but nobody is going to back Chariot without a well test. Compo from ENOG...dream on. And finally....money from a third world solar panel rental business...where is the queue of buyers?