Member Info for Jimmy23

Chariots project nour is reported to have one of the lowest costs of green hydrogen in the world and chariot are reported to be putting together a world class consortium to develop the opportunity.
An initial feasibility study has been completed and a detailed feasibility study is to be completed within 2 years, at a time when chariot will conveniently be producing substantial revenues from its Morocco gas anchois field.
A good summary of the green hydrogen global opportunity can be read at
https://www.defianceetfs.com/green-hydrogens-strong-outlook-for-2022/

Chariot need to include in its next presentations comparative market valuations of similar projects , particularly as it will be one of the lowest cost of production in the world, currently available to chariot investors for free due to the huge under valuation of the anchois discovery.
Jimmy

In my view, the delay in the cpr is due to the discovery of extra 25 meter of gas pay which was not initially identified in the logged well results but was most likely identified by the new specialist logging tool xstrata, to have found gas pay.
To determine the lateral continuity of these sands most likely required the seismic to be recalibrated.
It’s highly likely that chariot have a pretty good idea of the new reserves. Chariot published audited pre well estimates of the reserves at anchois and used these in the recent fundraiser. If these were materially wrong or misleading then the Nomad would not have allowed them to be used to raise funds.
Reprocessing seismic takes time and can be a trial and error process to get right. There are new seismic technologies that are good at this work.
Jimmy

Can we discuss chariot please. I and most readers here have no interest in personal allegations.
The late trades with over £300k after the close show that someone wants in.
Yes there will be profit taking, but the fundamentals here are very strong.
The announced renewables business is worth, in my view, about 10p per share. With a further 11 p of deals to be announced this year.
The green hydrogen business is reported to be close to announcing a total eren farm in.
Then there is anchois which is looking really good of huge value.
Let’s discuss these issues.
Jimmy

Should read upload latest corporate presentation
But the link is to the December 2021 presentation
J

The chariot website has an information tab upload
Stetson corporate presentation , which when pressed brings a reader to the December 2021 corporate presentation. Update link required
Jimmy

Conversion of gas turbine to 100% hydrogen now demonstrated.
See.
https://www.uis.no/en/energy/first-gas-turbine-powered-by-pure-hydrogen
As chariot is reported to have one of the lowest cost hydrogen production costs in the world, it’s very well placed to take advantage of the demand for hydrogen in a zero emissions world.
Jimmy

After the anchois 2 well results were announced, the share price fell from 11 to 9 and then rose sharply after investors locked in profits which was then followed by a large share price increase.
This is what’s happening now. So much good news to follow for a share that’s hugely undervalued.
Jimmy

Hi smyth.
We know that chariot have about 550 mw of renewable power deals to announce this year. I am expecting total eren to farm into project nour , soon. Then there is the gas production opportunity, my guess is a deal with sound energy, but that’s a wild guess. Then there is the cpr of the new proven and probable reserves which is taking longer than usual because the extra 25 meters of net gas pay not picked up on the initial log analysis assessment is likely to require reprocessing of seismic to determine its lateral continuity.
Such incredible value at these prices.
Jimmy

News to morrow ahead of egm

SF
It’s probable that some Ii will take profit particularly as the market declines. However there is also a strong news flow to follow.
1) gas production opportunity, followed by
2) total eren farming into the lowest unit cost hydrogen project in the world, project nour.
Jimmy

Petrobas to finally start drilling.
Jimmy
https://12ft.io/proxy?q=https://www.upstreamonline.com/exclusive/petrobras-prepares-to-resume-exploration-drilling-in-frontier-barreirinhas-basin/2-1-1232893

The current market price of hydrogen is reported at $6.4 per kg as reported at https://www.cleanenergywire.org/news/rising-gas-prices-make-green-hydrogen-cheaper-gray-hydrogen Chariot has completed its pre feasibility report for project nour for green hydrogen which reported that it was expected to be one of the lowest cost green hydrogen producers in the world. This has been validated in a report published by IRENA which states a current cost of production in Mauritania of green hydrogen at $1.8 per kg dropping to $1.10 See page 36 https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2022/May/IRENA_Global_Hydrogen_Trade_Costs_2022.pdf Chariot feasibility study is to produce 600,000 mt per year or 600 million kg If chariot keep a 15% interest and only make $1 per kg that makes $90 million per year profit. Apply an ebitda multiple of x 9 and we have a value of $810 million. A unicorn is born Jimmy

Breq,
There are certainly lots of permutations for a deal
I would like to see production cashflow along with anchois west or north drilled including the giant sub nappe,
All going shell that would result in chariot increasing its net reserves even though farming down.
Jimmy

The worst fossil fuel is coal, which currently provides most of Morocco electricity needs, and gas is the cleanest of the fossil fuels. Fastest way to cut emissions is witch to gas.
Jimmy

The hydrogen economy continues to develop.
See.
https://www.woven-planet.global/en/news-release

Jimmy

Let’s define a 15% increase as a boom boom
Jimmy

Cest le booooom official, from cote de zur

I like the suggestion of a sonic boom for 20% daily increase and perhaps mega boom for a daily 25% official close.
Jimmy

Looks like the open offer will be heavily oversubscribed so buyers got to buy in the market at this discounted price.
Jimmy

We are due to get the 2021 annual report update in June and with the egm on 10 I would expect the update on 10 June also.
Jimmy