Member Info for harrycarter

The Lixus license has not been extended recently. It expires in q4 this year when it its does, the government can renew or award to somebody else or put it out to tender. I know what I would do if I were them…and it would not involve AP, Witless and the rest.

Complete and utter tosh.

Duncan Witless and his team of water diviners are in the last chance saloon. With money running out this month.

Job creation scheme 1 (Loolkos) is dead in the water. Job creation scheme 2 (Namibia) never got near the water.

That leaves Anchois. Here’s where the fun starts.

Enog wants out. They’ve looked for buyers and there ain’t any. They can spin the wheels until the license expires at the end of the year. It’s possibly the cleanest way out.

Witless don’t like that. It doesn’t look good. And it risks them Moroccans taking the license back and re-advertising it.

What if Chariot offers to buy Enog’s 45% for a million bucks? Or better still what if one of AP’s other company’s offers to buy it. Can them Moroccans pre-empt? Not sure. PIs will be wailing but AP can say “There were no there takers and Chariot is broke so what’s the big deal?” Enog gets a million bucks, AP gets a chunky stake for nowt and the possibility of getting some money back and Witless can spend on other 5 years rinsing and repeating…on 600 grand a year. What’s not to like?

Well spotted. Chariot blown out in Namibia. As predicted. Tbf, it was only under consideration to keep Witless in work. So it’s Morocco or bust now for Witless. And bust for Chariot if they let him loose in Morocco again. They had enough cash to get to end of this month. I suppose AP will have to sub the company a few bucks to keep the lights on.

Bull case - war with Iran just around the corner.

Bear case - pretty much all other possibilities including a takeover or a merger.

Imperial College...the brains behind COVID lockdowns courtesy of duff spreadsheet with exaggerated fatality forecast...wrecked our economy.

Of course they jump on any bandwagon where they can get their snouts into troughs full of government money.

You’ve been watching on on off for 4 years. You jump in. Two weeks later you’re down 20%. 🤡

This is the worst run ioc out there. Priorities have been Renewables, DEI, Grotesque pay n perks, Final salary pension schemes. Avoid like the plague.

Https://wattsupwiththat.com/2025/04/09/kill-them-all-stop-wasting-our-money-on-green-pipe-dreams/

More to sell than to buy. Er surely some mistake. Just saying.

Chariot is an oilier minnow with a market cap of 15 million and, no ability to raise significant funds, no project delivery experience and no operating assets.

How on god’s earth can it contemplate doing a billion dollar deep water gas project? Where is it gonna get the money?

Stop dreaming.

…you’ll be rolling in clover and raising a glass to the Donald. Funny old world.

Them South African commies will not want whitey skimming off handsome profits from their sunshine power. That is for certain. Don’t say you weren’t warned.

Again my thesis has been crazy pay n perks for failure and value destruction on an industrial scale. The only positive ion TLW is that it’s an ok day trading vehicle.

Lool…I’ve been critical of all them oilies. In particular Morocco-focused oilies. See my post “Morocco oil & gas for dummies”. I referred to PRD as very dodgy. I highlighted the industrial scale value destruction at Sound. I can’t remember what I said about Serica. But in general my thesis is avoid oilies. Small ones in particular. As for Morgan, my criticism is their focus on DEI and ESG. HR birds on the board at any cost. I believe I was the first to theorise about changes to the ENOG SPA viz a viz the well test. And my views on Lookos too. MM manipulation is so obvious on AIM…of course I wasn’t the first to air that.

here we go again...

... i expounded my theory on here many months ago. the deal that was announced back in 2022 was either not the deal that was subsequently signed or was changed after being signed. whichever it was, the test obligation was removed by enog. and your company didn't tell you. if correct, this is so shocking that its no wonder they have kept stum hoping for something to turn up to keep deluded pis happy.

loukos didn't turn up. in my humble opinion there is more to that than meets the eye. you lot coughed up a load of cash specifically for a loukos test. chariot simply trousered that money for other purposes. they have no intention of testing the two dusters they drilled.

and if you think solar panel rental in south africa (funded by the eu) is the future, more fool you. trump has rumbled south africa. its a ****** communist state.

price action on here is being manipulated by mms. even experienced traders will find it difficult to exploit due to the crazy spreads.

you hear it here first.

h

Market makers trying to stoke interest. That’s all.

SDX - dead in the water

Sound - decades of value destruction

Chariot - dodgy

Predator - very dodgy

Big oilies - not interested

SDX-season the water

SDX-dead in the water

Sound-not proven

Chariot-dodgy

Predator-proper dodgy

Big oilies-not interested

Honestly….where do you get this rubbish from? Where’s the gas coming from? Chariot has run away from even testing its so-called discovery. A few buzz words and acronyms don’t make a business. Finally…SDX…what an example to pick…taken private for almost nowt. Stop selling dreams on here.