Member Info for kingbilly

And it would now appear the latest RNS seems to have had the same effect on the share price as the other ones of late have had :-( Heading back down once again....

It will be 5 months come next Friday since the GSA was agreed in principle, no idea how long these things can take but hoping it wont be long now, along with FID.

Surely, if either of those drop in a RNS we will see a rerating.

As one of the valued contributors to the forum Surfit would say "Standing by" Waiting patiently ;-))

@Whimax Filter? Really? Wahey I feel like I have just won a goldfish at the fairground ;-))

You never answered my question though did you?

Why did you never once post anything negative towards the gerbil?

Hmmm?

Bye Whimax....... (Hope your portfolio is looking up ;-))

@ICB888 "A large buy trade of 743500 shares at 17.2p suggests that someone liked today’s RNS. Currently Up 4.2% on volume of 1.43 million."

What a difference a day makes......

@smyth I could see there was some excitement building (but not sure how much of it was genuine and how much of it was traders looking for their %age for the day) and as you will see from my earlier posts I did not share this optimism, and as you rightly say the market was also not overly excited by this news, on its own, hopefully though it is one of the jigsaw pieces and the rest will fall into place in a timely fashion and the market will react accordingly.

Keep the faith (for now anyway ;-))

On the plus side it is the first RNS in recent times where we have actually managed to finish up on the day!

Good old Malcy...... That's just what we need to move things along here is another one of his videos linked in by one of the faithful...... ;-)) Mmh maybe not :-0

Good to see you're still about Nordell it's been a while since you last popped in! ;-))

@ICB888 Don't get me wrong I hope I am wrong. I suppose the market will decide and time will tell.

I see there's a big trade just gone through, you not posting it up ; ))

I am not so sure that is "The RNS" we have all been hoping for, or if it will be the catalyst, as it seems a little light on the finer details..... Hmmm

@Smyth make no mistake about it ICB888 is a trader and as such his posts are to suit his own agenda.

Whilst it is clearly disappointing to see the price drop back it is not really surprising as without news it was never going to hold and we've seen it all before, ideal conditions for the trader's though, just not so good for us LTH's.

But we're still within the time period set out for expected news so hopefully we will see GSA and FID dropping within the next couple of months, not really long to wait in the grand scheme of things given the length of time most of us have been here already.

Jam just over the horizon ;-))

@ICB888 What a difference three days can make....

On the 24th you said "The uptrend remains at the start of a new week. Currently Up 0.5% at 18.8p on volume of 570000. We should see 20p this week as we await news."

And three days later you're saying "It has been encouraging to see the sp back above 18p for several days until yesterdays fall. The market is clearly unhappy that there has been no news for nearly 2 months and the company should remedy that."

Hope you get you're buy in price and we will look forward to you posting about all the big buys again on the way up ;-))

@Jagua okay thanks

Jagua can I ask you how you know that trade was a buy and not a sell?

@ICB888 Did you require tissue's after noticing that purchase? ;-))

Good finish to the week considering there was no news , held up well -))

As always James thanks for sharing your thoughts with us, it will be interesting to see if we do indeed get that farm in partner announcement in the near term and who it might be, GSA hopefully as well in H1 so in the grand scheme of things it could land anytime.

In the meantime here's hoping 18p will hold without any imminent news, surely there has to be something that is behind this rise. And it is not just going to be another false dawn....

Come on chariot show us the Jam ;-))

You've been very quiet of late, what's your thought's on the recent price rise?

Anyone think we may be in for a RNS tomorrow/this week? Or are we getting ahead of ourselves......

Nordell if you're about fancy sharing your thoughts with us on what the charts are looking like?

@stardrops No problems glad to help.

“The collaboration model envisages SLB operating the facility for a certain number of years before smoothly transitioning it to Chariot, guaranteeing the export specifications of the hydrocarbons, training an operating team that will likely consist of Moroccan nationals and delivering the required facility uptime.”

John Richardson, regional manager for SIA’s integrated field development group, added that, working with Chariot, “we selected a lean subsea infrastructure with a low well count, the shortest subsea tie-back option and a lean gas processing facility, with the aim of minimising capital intensity".
However, he noted the project teams also created “a flexible system that can be expanded after the project starts to generate cash flow”.

Commenting on the FEED milestone, Chariot chief executive Adonis Pouroulis said: “We have made excellent progress across all aspects of our planned development for Anchois and detailed discussions on partnering, gas sales agreements and project finance continue concurrently as we move towards a final investment decision.”

Chariot currently holds a 75% interest and operatorship in Lixus, with state-owned Onhym holding 25%.
However, Wallace said his company is "in active discussions with potential partners" who may take a stake in the project, while Societe Generale is working on securing project finance.

Chariot poised to receive bids on debut Moroccan offshore gas project
Subsea and onshore facilities are needed by Chariot as critical engineering studies wrap up for Anchois

At least two contractors will shortly submit commercial offers to Chariot Energy to fabricate the subsea and onshore facilities for its 640 billion cubic foot Anchois gas project offshore Morocco — the country’s first such development.
Anchois lies in the Lixus licence and will be tapped via subsea wells linked directly by pipeline to a new onshore central processing facility (CPF), with gas sold domestically as feedstock for power stations and, potentially, for export to Spain via the Maghreb-Europe pipeline.

In its initial phase, subsea wells will send gas to a CPF designed to handle up to 105 million cubic feet per day of gas.
This CPF capacity is 35 MMcfd bigger than envisaged before starting the front-end engineering and design work in mid-2022, Duncan Wallace, Chariot's technical director, told Proactive Investors website.

FEED work was completed by the Subsea Integration Alliance (SIA) of Subsea 7 and SLB and the two companies are now working up their commercial offers for what is expected to be an integrated engineering, procurement, construction, installation and commissioning contract.

It is understood that Subsea 7 and SLB subsidiary OneSubsea would deliver the subsea umbilical, riser and flowline system and subsea production system, while SLB would be responsible for the CPF.

It is unclear if bid documents were issued to rival players such as McDermott, Saipem and TechnipFMC to get a better idea of market pricing, but this seems unlikely.

Wallace said he expected commercial responses to be delivered “in the coming months”.
In a December 2022 presentation, Chariot stated that the final investment decision could be taken by the end of June this year, with first gas flowing two years later.

The project’s first phase involves three subsea production wells — including the Anchois-2 well drilled by Chariot in 2022 — with multi-zone completions to enable gas recovery across multiple stacked sands.
Wallace said additional sands may be targeted during the drilling of development wells to boost the recoverable resources.
The subsea hardware will be designed to accommodate further wells and, likewise, the CPF will also be designed with expansion in mind if further exploration drilling is successful.
The Lixus block could house more than 2 trillion cubic feet of gas, while Chariot's surrounding Rissana licence has the potential to contain at least 7 Tcf of gas.

Chariot said a field development plan is being finalised by the Lixus joint venture partnership to enable the award of the production concession.
Last May, Christophe Rojas, production facilities sales manager at SLB, outlined how the oilfield service giant’s CPF workscope was expected to pan out.

Did someone mention jam? ;-))