Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Hopefully that dismay will soon be dispelled by an RNS announcing a 4 well plan. The picture is imo showing chariot prepping it's partner ready for such a news release. Chariots time line has a lot to still do in 2022 so the pressure for news flow grows every day
Would you prefer to have these extra bits of the puzzle or not? Personally I believe Chariot are doing what they say and are forging ahead with the plans set out in their given timeline, in the absence of an update RNS I'm happy to be informed of these Easter eggs by eagle eyed PIs as it stops the doubts creeping in so fast
As always gla
Whoop whoop chariot are teasing us with a spot the difference game! So far I spot an extra 2 wells drawn onto the picture that's resting on the cabinet, is this a picture of the future or an updated plan?
I think guessing what the project might cost is reasonable, so far we have had a range of 300 million plus 10-25% suggested by most on this forum and almost 1billion suggested by Bob based on the cost of products from his local DIY store, all voices are welcome here as if we only hear the positives we make it an echo chamber and that's no good for any of us. I do hope Bob is wrong but if he isn't then trying to warn us is admirable....to confirm my stance I'm a lth who sides with a small increase in the capex inline with what industry experts have suggested
So 51p target but with so much upside....
We value the Anchois discovery at 19p/share using the pre-drill independent resource estimate 361Bcf of 2C gross contingent resources, but note that this figure is likely to be conservative given the excellent results from the Anchois-2 well, which significantly exceeded pre-drill expectations.
Similarly, we currently value the deeper C, M and O sands using the pre-drill prospective resource estimate, but note that given the better than expected results of the Anchois-2 well, these resource estimates are likely to be conservative.
As previously announced, further interpretation of the Anchois-2 well data led to a significant increase in the net gas pay estimate for the Anchois-2 well to c150m. This is a substantial upgrade to both the previously announced preliminary analysis of greater than 100m and the 55m encountered in the original Anchois-1 discovery well.
They only had 4 million dollars in march, the time line of the CPR isn't in their control, maybe AP didn't like the idea of running the company on fumes so has topped up in good time. We are now funded and hopefully a few Tr1s from institutions piling in and news flow being turned on again will kick share price back past its recent highs
I've been trying to work out when to tell my partner. I've been in Char since 2010 so have had many moments of elation and even more stress over the years, this time, imo, it's a more secure ride up. I ve averaged down and am now happily back in profit but if I own up to it she is inclined to want to cash some/most out as she sees aim as a gamble and I feel it will go higher and higher, owning up at 30 or maybe 50p it's a nice thought to have as I daydream this shares future once more