Member Info for ianfer

So did AP risk ½m quid at 6.5p because he had a plan or because his screw became more loose? ... A plan to get him more % of the Company ? But then did he expect the sp to drop to below 2p? Did he know he was dealing with Mrs. Mop's equipment with Anchois or was he oblivious to it?

If he is in on a bid then the 6.5p does not matter to him because he would be buying back his own money at whatever price the bid was but of course he would have less readies.

If it is the screw department, then we have also been screwed, like him. Or will there be a fairy tale rns to get us excited and the sp moves up again (temporarily?) Then a raise which he joins in with for more %. Anything could happen from here.

I sold out at 1.6 and bought back at 1.4 keeping the pennies change in the bank. If this moves like a yoyo then trading may be worth doing but that is difficult and unlikely to get me squared up, like most investors. I need 10½p. But I thought the renewables had been valued at 8p then plus Loukos and could sell remnants of Anchois ??

I Sold at 1.58 but may dip back in. Something still doesn't add up.

Why has ENOG not issued a rns? Vague words from them only.

1) If they issued a positive rns char sp would probably be higher and if they then put in a bid, that would cost them more.

2) If they issued a negative rns, then put in a bid, that would be suspicious and probably get them in trouble.

So they say virtually nowt about a very important bit of work they are doing. And their sp is up 5% over last week ?

Me too GP but not completely gone. Not seen Jimmy or Kingbilly today. Hope they ok?

Good luck with yours - I got average 1.58p after buying average of 11p so rather a disaster like all others.

I was wrong about BOD as it turns out they hadn't a clue what they were doing except letting us all pay their wages!

Sold most of my holding in last ½ hr. Just kept about 20% for now. I've spent too much time watching this disappointment and need to concentrate on more reliable companies. I'll watch on here occasionally and I thank all for your input. After 4+ yrs it feels like leaving your team that's just been relegated.

My apologies to Harry Carter. How on earth did you know this would fail? My instincts were wrong as many others.

Not heard from Jimmy yet hope he is ok. I lost money but not affecting my lifestyle. But if this had come good it would have done upwards. I'm hanging on for now as there may be better value than sp suggests.

I hope all on here can cope with this bad news.

GLA

I don't do the technicals, just the numbers, instinct and logicals.

Order of events last week (tell me if I'm wrong)

Pilot hole result not good but almost insignificant. We were not informed yet.

10th Tuesday Char AGM - no mention of pilot results although I believe they knew results.

Wednesday 7.00am Char RNS - worrying first thoughts on pilot result by Private Investors......

....."· The primary objective of the initial Pilot Hole was to evaluate the upside exploration potential of reservoirs in the Anchois Footwall prospect, which were found but are interpreted to be water bearing. This hole was plugged and abandoned prior to sidetracking and drilling the Main Hole."

BEFORE any trading that day the MMs knocked 50% off sp. WHY?

It wasn't the sellers that knocked it down, they were asleep.

8.00am trading started looking at a 3p sp manufactured by MMs with buys and sells all day and if my memory is correct not a great deal of sway.

Sellers were the scared Private Investors. Buyers were MMs buying in cheap and whoever it is about to make a bid. .....

..... we will find out.

Further scary headline midday Wednesday

"https://www.upstreamonline.com/exploration/chariot-stock-price-crashes-after-hitting-water-in-morocco-exploration-prospect/2-1-1707810"

Followed by this one on Thursday by a trouble-causing journalist -

"https://africaoilgasreport.com/2024/09/oilpatch-sahara/energean-hits-a-duster-in-morocco/"

This is what we are up against - un-truths / part truths and manipulation.

Hopefully when a bid comes we will not be stupid enough to accept 10p or 15p and they will not get the necessary 75% acceptances to be able to force a 100% sale until a bid of 25p + is discussed.

Hold your ground!

"If the shareholders who want the sale to go ahead have a majority shareholding (i.e., 75% of the shares), they could consider passing a special resolution to alter the company's Articles of Association to include provisions to force a sale of the other shares."

AlfredGeorge, yes excellent article by TheOakBloke who has done yet more extensive research and calculated that the pilot hole drilling was a mere 1/80th of the value of Anchois and a 5% drop in sp would have been overdoing the reaction of the results there.

This whole episode stinks of manipulation for whatever reason. Scare the small investors to sell up and a t/o will be made? Trouble is, while the sp is so low a much smaller offer will be made. I just hope there are a few interested parties ready to up any bid.

Namibia was a duster in 2011 so I'm not betting my house on that one now. But Anchois - I'm sure there's plenty gas there and I still reckon it will be a powerful Hoover of a field.

That trade stuck in at 16.42 of £94,500 "unknown" must have been a buy as it was 3.78. after hours. Or it could be one that was just found that had fallen on the floor below the in-tray from yesterday. But it was significant.

I think anyone buying today at these levels will be soon celebrating. I still say 30p by Christmas and Harry Carter & co will feel rather picayune.

@Obscure I agree.

"IMHO this article was a deliberate hit job. No author. Clever use of quotes. Publised in so janky a** website. Worded so that it makes out that Anchos 3 is a complete dud. "

So far as we know there isn't any real bad news yet. A not very important pilot hole drilling did not have the hoped for result. They are still drilling and more news to come. Maybe not as much gas as hoped but they don't even know that yet.

Why &How can "we" get the sp even lower than the 6.5p we jumped in at recently? WHY - so we can own a larger %age when the t/o bids come in at 10p+ which should have been 20p+ . HOW - by misleading the investors so they bail out - issue scary rns which doesn't cover the whole truth / ENOG, a £1.6b company not allowed to do same so they scate over it / then get some duff journalist to scare the pants of investors with a misleading article which could be classed as lies even.

The renewables were valued at 10p a share so now we have gas, on-shore and off-shore with total value at MINUS 7p ????

I would have thought that Anchois was more important to ENOG than CHAR but the SPs say differently ??

Exactly David .... Char down 20% + today and ENOG up 4.5p

Jimmy - The article is today's date and quotes ENOG CEO

Https://africaoilgasreport.com/2024/09/oilpatch-sahara/energean-hits-a-duster-in-morocco/

That was the quite good one ....looking for the Enog one

Https://www.moroccoworldnews.com/2024/09/365110/chariot-limited-confirms-gas-discoveries-in-morocco-s-offshore-anchois-project

Jimmy Sir, will you kindly offer your services to the Chariot tech team?

Time for some good luck then!

Https://www.investorschronicle.co.uk/content/164891a8-d372-5b14-9682-d2cd0555b98e

Https://www.investorschronicle.co.uk/content/bdf3919c-66eb-59cd-a696-572fa5f38d3b