Member Info for Klein57

Harry,

You may well be right in that summary.

But, guess what, I'm happy to hold and choose to focus on what I believe is coming rather than whinge about the packages to remunerate the directors.

Rinse and repeat ?

We'll see.

Surfit,

My intention was not to insult or attack you, merely to put a counter view on what may positively influence trust. I don't think I did either but maybe I hit a nerve. If I did, I apologise.

I expect a few feel trapped by the current SP. I've been here since around 2011 ish but do now feel as though we have a future to look forward to.

Let's disagree without being disagreeable.

Fernan & Surfit,

You two remind me of the Muppet characters, Statler & Waldorf.

I always read your views with interest because I think it's dangerous to close your eyes to the opinions of others.

However, your downbeat assessment of prospects based on the trust we should give to the Board of Directors may not be as you portray.

Firstly, we're still here after all these years and no income. Yes, we've been massively diluted but faced Armageddon after the ENOG debacle. It hasn't happened.

Second, the raise appears to have been oversubscribed. I assume, maybe wrongly, that investors thought there is value at the current SP and maybe, just maybe, like the plan put forward by AP & Co.

Thirdly, this has become an increasingly complex business and requires management to be fleet of foot. Whilst we may all crave a blow by blow commentary on what's happening, we're never going to get one. That's not a management failing imho, it's real life in this world.

Finally, assuming you both are still shareholders, your downbeat view of the leadership is in sharp contradiction to what you hope or expect to get from this investment. Of course, you're entitled to air your views, but any light at the end of the tunnel is treated like someone else coming with bad news.

Cheer up, good things things are happening.

Wiggly, you have me bobbing on a string.

Please finish your 5am message. I presume you either fell back to sleep or became otherwise engaged. No nes to say which.

Sound advice whimax.

Let's see if Starbanker takes it.

I think a few on here have over indulged in bank holiday liquor and maybe hallucinogenic substances.

Try reading some of this stuff back in the morning and applying a reasoned and logical mind to it.

I do seriously wonder at the motives of some on here.

Two RNSs packed with detail and people still moaning about being in the dark. We've been told what we can be told at this time. Things are being developed. Nobody should expect a knock by knock running commentary on what's happening. Patience needed and all will be revealed.

Fernan,

Might it be that the discussions with a potential new partner sees them funding the flow test ? AP seems keen to roll all of the Morocco gas assets into one bundle.

Harry has no interest in buying or shorting these shares. He's a sniper who hopes to sow unrest with his pessimistic outlook. I'm looking forward to reminding him of his comments when our toast lands butter side up, with jam and a cherry on top.

Hahaha, well said Surfit.

It's good to see Harry spouting his wisdom on here when all he holds is a grudge. Company update coming in June so hopefully news on Etana or Namibia or onshore/offshore plans before then.

Keep the curtains drawn Harry. I know you hate it when the outlook is sunny.

Wiggly,

Very true and a worthwhile reminder.

Vivo have an offtake agreement for the gas so maybe they'll fund the flow testing. Slightly surprising that nobody has come forward to do that so far but I'm confident it's being worked on, and not left at the bottom of the laundry basket.

Herd ...... herd, not hers 🫤

Wait until ST and the hers arrive.

Maybe even Malcy ?

Dickienicholls

Great first post on CHAR at 11.09am. He's part of the Harry & Sushi Club and a regular contributor to PRD.

Dickie - go back and check the CPR that N&S did on the Anchois upgrade. Unless someone has nipped in and stolen the gas, there's plenty to be optimistic about.

But you're not. I wonder why ?

How the return of an asset can be spun as a negative is beyond me. Sure Anchois will need to be funded but I expect AP has been working on the next partner while we were waiting for this news.

Harry's crystal ball needs a reset because it never predicted this. I suspect he and sushi are one and the same.

My view is that ENOG had a commitment to pay shareholders a special dividend and their strategic financial plan was based on the sale of assets to Carlyle. When they saw that going south, with other commitments pending, they could no longer afford to find gas and develop Anchois. They did a quick and dirty exit and have probably lost any Moroccan goodwill they had as a result. They're wealthy enough from the Israeli revenue stream to write the loss off to tax, at least in part.

Good riddance I say. Let's move on having learned a tough lesson.

Obviously not H, you're still here and your views amuse me and maybe one or two others.

Keep going until the curtain closes.

Harry,

I suspect ENOG don't hold all the cards. A contract will impose obligations and give rights to both parties. Both hold the cards. Who has the aces and who holds nowt will be revealed very shortly.

It may be that ONHYM have signalled to ENOG that they will only have a future in Morocco exploration if they do the right thing on Anchois. We don't know but we soon will.

Reassuring to hear you're still giving a different point of view.

Great spot col27 !

This bit of that RNS is interesting ......

In the event that Boothbay is issued with any new Ordinary Shares pursuant to a conversion of the loan note, it will be granted with one warrant attaching to each new Ordinary Share issued, with an exercise period of 18 months from the date of grant and exercisable at £0.85 per new Ordinary Share.

My interpretation of the above is that they can have the loan repaid by granting shares at the current value, which they can they sell in 18 months time at 85p.

Not sure whether we or the lender decide which of the four options will be exercised.

The text reads very positively for Chariot's role in helping to develop Namibia over the years. It's not a bad backdrop for the long awaited news.