Member Info for Klein57

Thanks Jimmy, excellent analysis, as always.

Not an unexpected partner but taking this beyond an MOU and including wind and solar power in the joint venture is a massive derisker for me. CHAR’s long term plan is coming together and they are hitting all of their self made promises and deadlines.

The question was asked at the event on the 28th October about drill updates. Duncan Wallace said there will be no interim updates and the results will be released once the full results are known. He was emphatic on this point. I’d be very surprised to see the company adopt a different position.

SF - looks to me like you’re becoming the one on the back row of the upper circle, desperately shouting at the main act on the stage, unable to be heard and not contributing anything to the production. I defend your right to say what you want, but I suggest you take a good look at yerself.

It’s great when you ignore this bb and come back to it occasionally. You see the same people being irritated by the same people. No value or relevance to the purpose at all. Keep going folks, it obviously passes the day for you. I’ll check in again soon.

I am optimistic for the future of CHAR despite the various wounds from over 10 years of shareholding. Unless someone has moved in to Anchois and stolen what Repsol found in 2009, we are highly likely to find it again - and maybe even more of it. That opens the process Jimmy has outlined. This is not wildcat stuff. It’s right to keep our feet on the ground and an opposite point of view is welcomed to make sure I do that. But, while the context of our history is important, this CHAR bears no resemblance to what it was during LB’s reign.

Goonerpete, good to see your sentiment improving, just as AFC’s form kicks up. Not related are they ?

I was going to have a red wine with my Sunday dinner. After that excellent summary Oopswrong board, I think I’ll have a single malt with it.

The posts from SHC and Jungmana this morning put CHAR’s potential in the spotlight. Exciting times !

This is massive news !
Talking green energy is easy but the delivery is beyond simple comprehension. This kind of announcement will spike people’s interest and, in time, will have a hugely positive effect on investor sentiment in CHAR. Celicourt should be front and centre in publicising CHAR’s potential in this regard.
Hydrogen energy transported from Australia to the UK. Imagine how commercially attractive it will be if produced much closer to home - say, Mauritania ?

Repsol 2009, didn’t meet their criteria for commercial development. They under estimated what’s there according to CHAR seismic, hence this drill. Also, gas prices etc have changed since then.

Fair questions Jimmy, not so many answers right now. AP’s assessment was that 20% of global energy needs will be met by hydrogen energy sources by 2040. Seems a long way off but at least we have a stake in the game. What you suggest makes good sense - let’s see how this is handled.

Jimmy, the hydrogen potential is the part of the company that AP is most excited about. He talked about the Mauritania sites as being one of the top three locations in the world, along with Australia and Chile. I think news of the consortium CHAR are developing will be significant. DW has a firm grip on the emerging technology and I have no doubt the venture capitalist representatives at the meeting will have plenty of food for thought.

I think the emerging challenges in North Africa re gas supply may well have spiked their interest, and the world wide hike in gas prices. Purely my opinion.

The event was Malcy’s idea. He suggested that CHAR avoid the multi company presentations that go around on the internet because that would dilute their unique position and potential. Malcy is working harder for CHAR than Celicourt seem to.

I spoke to most groups during the evening. One interesting trio were representing a group of venture capitalists. They kept their cards close to their chests. Employees and representatives of the company probably outnumbered the investors.

No, JMW seemed a little embarrassed by his ‘sizzle’ comment and used it yesterday as a self pi.. take. Projections of share price were not mentioned and no questions asked on that subject.

To be clear, AP acknowledged that investors will read between the lines, not that Total was a logical conclusion. The latter is my interpretation.

The MOU is not a contract and there will be further negotiations before a contract is signed and the name revealed. Reading between the lines, and AP acknowledged this, it may well be Total - no surprise if it is. Their identity is price sensitive so will be under wraps until contracts signed.

Re presentation: I’m sure we’ve all sat through turgid PowerPoints where the presenter(s) just read the screen and ignore the audience. This give me the impression they aren’t interested and don’t know their subject. Yesterday was the complete opposite. AP, JMW and DW were outstanding speakers, clearly enthused and highly knowledgeable. They spoke about matters well beyond what the slide was telling us. The whole thing was cohesive and compelling. It’s a shame it wasn’t filmed.

Speculiar, yes, all the work is done on Rissana, just waiting in the final bureaucracy to complete. Re Brazil, the licence is up for renegotiation early next year. CHAR may retain an interest. Re Namibia, that may heat up as two majors are drilling early next year close to our licence area.