Member Info for Jungmana

Cash value alone is about 1.40p ( ie $20 million)

1. Morocco projects onshore and offshore.

2 Mauritania jv hydrogen with Total,

3 Renewable energy projects

4 new hydrocarbon projects soon

3p+ is where this should be and hopefully will be back there this week

Highlights:

·    The net proceeds of the Fundraising will be used as follows in order to:

o  Strengthen the balance sheet to continue to progress and deliver value from Chariot's portfolio of projects

o  Secure a material new venture opportunity with multi-billion barrel potential

Most investors don't realise that the company had cash of $6 million in April before receiving $10 million in the farm out .

Then a further $9 million raised in July.

This money is not spent as this Ancnchois 3 well is free carried.

The cash is for new projects and to to advance the huge green hydrogen jv with Total in Mauritania.

On top of that there is still a huge value in the Morocco offshore and onshore projects.

Highlights:

· The net proceeds of the Fundraising will be used as follows in order to:

o Strengthen the balance sheet to continue to progress and deliver value from Chariot's portfolio of projects

o Secure a material new venture opportunity with multi-billion barrel potential

Worth noting In Mauritania they have a massive green hydrogen project there in partnership with Total ( the French energy giant)

Also renewable energy generation in Burkina Faso and South Africa .

Free carry in Anchois up to FID and that includes the well just drilled, $10 million received in April and $9 million raised in August.

Should have close to $20 million and looking into new hydocarbon projects

Imo char should never have dropped below 3p .

Stupidly oversold by panic punters

$10 million received in April and $9 million raised in July.

Cash rich

Chariot will receive:

o US$10 million payable on completion of the transaction

o US$15 million payable on Final Investment Decision ("FID")

o US$85 million gross carry including:

-- All Lixus costs up to FID, including the additional Anchois well with a gas flow test

-- Planned Rissana seismic acquisition costs separately capped at US$7 million

The $9 million raised recently is still there as char is on a free carry.

This is crazily oversold

Key Deal Terms:

-- Energean to acquire 45% and 37.5% interests in the Lixus and Rissana licences respectively, and take operatorship of both licences

-- Chariot will retain a 30% and 37.5% interest in Lixus and Rissana respectively, with ONHYM maintaining a 25% stake in each licence

-- Chariot will receive:

o US$10 million payable on completion of the transaction

o US$15 million payable on Final Investment Decision ("FID")

o US$85 million gross carry including:

-- All Lixus costs up to FID, including the additional Anchois well with a gas flow test

-- Planned Rissana seismic acquisition costs separately capped at US$7 million

-- Following completion of the Anchois well, Energean will have the right to acquire a further 10% of Chariot's equity in the Lixus licence for:

o US$850 million gross development carry to first gas (including the US$85m gross carry)

o US$50 million 5-year zero coupon convertible loan note with a strike price of GBP20 adjusted down for dividends or issuance of three million Energean shares, at Chariot's option on FID

o 7% royalty payment on Energean's gas production revenues in excess of a base hurdle on the realised gas price (post transportation costs)

-- Energean's carry of Chariot's costs is non-recourse, and has a coupon of 7% over the one year Secured Overnight Financing Rate (SOFR), with the carry including interest repayable from 50% of Chariot's future net sales revenues from the Lixus licence

1 million buy gone in

Sake should be concluded soon;

"A Court decision in August 2024 was made in favour of Nadsoilco LLC (owned by Mosman at no cost to Mosman other than legal fees) in relation to a lawsuit. The Court decision required documents to be drafted and signed, which has taken longer than expected, and that has now been completed. The Company always believed the legal action had no merit and the signing of these legal documents will now allow the sale of Stanley to proceed, that is expected to happen later in September whereupon a further announcement will be made."

Fantastic news there

If msmn get this sale concluded this month and good news comes out on Mt Winter, imo this should do well.

Possibly test 0.10p

One day soon this will zoom and do a 100%+.

Something is cooking here on that hydrogen storage project

For such huge conglomerates such as SGN, RWE and Sumitomo to endorse and issue letters of support to tiny UKOGs hydrogen storage project is quiet significant. When these organisations speak the government listens;

https://www.thesolentcluster.com/members/

I think the seller for last one month is done.

More blue tomorrow imo

HTTps://www.reuters.com/business/energy/helium-demand-double-by-2035-tracking-chip-production-boom-report-says-2024-09-09/?taid=66df148d0999c100010849ae&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Dont you think that for a tiny company such as ukog to be getting letters of support from such big energy conglomerates it must be doing something they are interested in?

0.1p+ soon