Member Info for ianfer

Jimmy, that is a good point. If you are correct I think it very unlikely that Chariot would want to disclose that. Deals like this have to be kept very confidential especially if there are other parties waiting in the wings and a deal can be lost by breaking confidentiality. There may be a deal to be had today based on including the additional targets at a low success rate but a better deal may be on the horizon. If that were the case then there may not be any more the BOD can reveal until an agreement is signed.

Considering the value of the proven gas in Anchois and on-shore I'm surprised Total or Shell or even Harbour have not put in a bid for the whole Company by now out of their petty cash.

Char must not run out of dosh. Priority -

1) Partner signed up for Anchois including decent deposit into Char bank.

2)Then on-shore project can start.

3)Get a move on with everything.

Louis, no firm news that is likely to increase the Share Price. That is what is needed and I guess it will arrive when it is ready. Hang on!

Jimmy -

"There will be an update before the Agm, so the meeting can discuss the latest information, as usual....

Jimmy"

3 hours of trading time left B4 AGM ........ Will Jimmy be correct?

Thanks for very interesting opinions etc. I look forward to a busy chat board tomorrow. For those who attend the AGM have a good day and I hope a happy ending.

GP - funny, I thought there was 1 L in barrel but not 100% sure so I googled it with 2 and Barrell Bourbon came up! That was good enough for me. But you are correct thank you. Cheers!

GP ....... Great to hear other's views. But, in order to understand the thinking behind the actions of anybody - including A.P.'s Team , you have to "climb into their head" and try to see things from their point of view. "there may be trouble ahead because they are not doing what I want" is not always the answer. We do not know enough.

https://www.yachtworld.co.uk/yacht/2019-oyster-oyster-825-8529947/

..... cometh to those who think outside the barrell

Ian

Hi Surity,

Good Summary

I agree that the lack of communication is possibly to do with being wary of upsetting a deal which may be changing by the week. - "yes I think we have an agreement which we can sign soon/imminently/shortly" - We will announce that but cannot say more until it is signed. "Oh we just had a call from another prospective interested party, could be a better deal, let's slow down a bit" or "Our prospective partner wants to change the deal slightly due to recent events and it would be an advantage to us both"

The deal is going to be very complex and now the on-shore issue will complicate it further. But Char should be getting into a stronger position with events like more cash in the bank and more opportunities.

I have been involved with such deals and you have to be really careful what you say to whom; and when.

I think they should say something like " We understand there is an element of caution in the market due to us not making any announcements and although there is a delay signing THE deal with a partner there is good reason for that which is only good news for us so please bear with us"

At least we would not have some investors running scared. But, of course that may suit them if they are constantly picking up loose stock at a lower price.

At least 3 people on here who will say "lower price than what?" ......

Hopefully things are going to plan and eventually when all is in place they will hit the button.

Interesting view. Maybe the sp is low due to the amount of negativity around. Nothing negative coming from Chariot, only from impatient investors. Loads of sells in bits and pieces but 2 buys of £9m each - probably accumulated over a period of time but very unusual to put that much faith into a Company unless you know more than those who only know the announcements. "Be Greedy When Others Are Fearful"

It's ok complaining about the past downs ups and more downs of the past years at Char but the head team has changed somewhat since 2020.

2013 https://www.reuters.com/article/chariot-oil-idUKL5N0EQ2IO20130614

Paul Walsh was CEO up to mid 2013 then Larry Bottomley till mid 2020 when the share price was TWO PENCE.

2020 https://www.proactiveinvestors.co.uk/companies/news/924676/chariot-oil--gas-announces-departure-of-chief-executive-larry-bottomley-924676.html

2020 Enter A.P. as CEO , a founder of Char but not running it till 2020. Only then brought in CFO Julian Maurice-Williams and Exploration Director Duncan Wallace.

https://chariotenergygroup.com/about/board-of-directors/

I don't think Chariot should be judged on its pre 2020 history.

Tipped by S. Thompson Oct 2020 at 6.48pence - then Jan 2022 at 10.75pence and several more times including recommending take up of the 14pence offer recently. I am sure A.P. will be looking after himself but he has a duty to all shareholders not to let us down after all the constant hype of good news. I am sticking with it and looking forward to some great news in the next week or two. AGM only 8 working days away.

Ian

On Fundamentals, popularity & strength of products this must be one of best value shares about. PE ratio 4 and dividend 7% ! Buy the whole Company and you are on 25% return on Capital- unbelievable. Invest in the Company and you get 7% return on investment and surely this Company shares are worth £4 !

Very little comment on here indicates not a well known share. Definitely a takeover target - if it can be discovered.

Is the Chinese manufacturing a worry? if so that should be short term.

GP14 - I just watched your video. very soothing. Saw the first 5 seconds, 5 in the middle and 5 at the end. Not surprised you're an - - - - nal - - - rter . sends you to sleep! Char should wake you up soon!

Hi _ _ _ _ nal sup - - - er don't come to me as I'm packing in my accountancy when Char reach 50!

I'm going sailing

Just realised the first 4 on Surfit list come to exactly 100% - the ones below the top 4 presumably included in the top 4 ?

Surfit, thanks but clearly some confusion? Total of shareholdings comes to 113% but I suppose we are talking Char here. The timing of each notification to the share register may affect things. What happened to the 25% owned by institutions a few months ago I wonder. A.Alshinbayev who bought 6% only weeks ago presumably included in General Public? Covalis Capital I thought also bought 6% a day or 2 after A.A. but shown only as 2.79%? AP only 6.9% when you include Westward, but 9% as per the list on this link from "Market Screener" dated today. If AP did not take up his rights, why not and that would only dilute his share from 9% to about 8% ?

https://uk.marketscreener.com/quote/stock/CHARIOT-LIMITED-4008468/company/

Surprised TheDealBreaker is not on any list with his 1million+ shares - as much as Duncan Wallace and Julian Maurice-Williams together !!! I wonder why those two don't have a few million each as they talk like they are on a gold mine ?

Answers anyone??

Here's one for you Pete

https://goonernews.com/blog/

I just listened to the CFO again speaking only 5 weeks ago. See below. 7 wells to be worked on within the next 18 months. Julian sounds really upbeat. Quite a few announcements have been made this year which the BOD would have a right to class as exciting. But we want more info' on the progress of the partnership and FID. In the below video we hear Julian say they have had SEVERAL OFFERS of partnering.

If the share price had risen to 30p by now we would not even be concerned about the slow news, but it hasn't. With shareholders like DB threatening to dump a million shares and no doubt many others have already sold chunks out of impatience as well, allowing the really big boy(s) to pick them up cheap. A while ago institutions I believe had 25% A.P. 9% recent placing 10% 2x big deals of 6% each - the distribution of shares will have changed considerably since the time of the 25%. Private investors now hold significantly less % than b4. The Control of the Company must now be in a smaller number of hands which is probably what the BOD want. Easier for them to do this while the sp is so undervalued.

Yes, communications are awful, purposely? I say to small investors, including any with 1m plus shares, hang on so there are no more cheapo deals going through.

Ian

https://www.proactiveinvestors.co.uk/companies/news/1020871/chariot-cfo-promises-up-to-seven-wells-in-the-next-18-months-1020871.html

Well Jimmy that sounds like a bit of a complaint. Obviously cannot argue with that, whatever reasons they have.

Quite often BODs are in their own little world doing their stuff but this one will have to wake up by 7th Sep or they will get awkward questions.

GP14. You have to remember that we are not all the same. Also we only know what we know. On here we can only guess what someone else knows (but has not told us everything) and either keep our guesses to ourselves or announce them here in different guises. IMHO is a guise which indicates one understands they may be correct or may be talking rubbish. IMHO! i.e. take it or leave it.

Another way is to assume something from bits and pieces of information picked up and state it as though it is fact. I don't know very much but am probably guilty of making some assumptions, especially when I try to believe someone is being honest. Hahaha you might think. Who on Earth would fall into that category?

There are so many permutations from which you can guess/make assumptions. A.P. may be on holiday/he may be poorly/his merry men may be on holiday or poorly/their prospective new partner may be nhop or even waiting for some event b4 they can sign a piece of paper. etc etc.

It would be boring if there were no comments on here and it is always interesting to hear other's views so this must continue. Some stuff on here is very informative although my contribution is about zero.

You will always get the odd picker at another's post but that is usually harmless as on here.

Our Jimmy never complains and is always upbeat - I hope he is on the right track! Things take time and usually longer than is planned - "how long can you wait?" someone may question - answer = a bit longer yet. I think by 7th Sep we will know at least some more.

As GP says - Good Luck to all!