Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Energean can be a lot more nimble than a larger FTSE100 et al player as such the project should move forward relatively quickly, indeed this was one reason stated for selecting Energean as explained during yesterday's webcast . Yes, alot hangs on the drill, but given the confidence voiced yesterday appears well balanced in favour of a successful outcome.
aimo & dyor
Sometimes you have to wonder how the markets works !
Who would have thought RR would x10 bag in 3 years, unfortunately I sold mine and stuck a significant proportion into here a few months back ..... RR still climbing even though well over bought, now +30% from when I sold, CHAR -30% from when I decided to swap investments !!! .... D'oh!
Webcast for those who missed live cast and those who may want to revisit once more.
https://stream.brrmedia.co.uk/broadcast/65705f5f85e1630925165801/657182955377ed13077fe966
Back to March 2022's SP, at time of RNS for Post-Well Analysis on Significant Gas Discovery at Anchois-2 Well that Confirms excellent quality dry gas and significant increase in net gas pay.... unbelievable !!
"As mentioned above I will add more to this story in due course but I have spoken to the company and I think this is the right move for them. Mainly because I feel that in Energean they have made a wise choice, and Chariot had quite a big choice to make with multiple offers on the table, as they tick a lot of my boxes as a future partner. They have significant experience in sizeable gas projects such as this and can fund this deal whichever way it goes in terms of further options.
And those options help Chariot, they have the chance to sell a piece more and are carried to first gas dependent on that option re drilling the well next year which is most interesting as it is an appraisal, development and production well all in one.
Clearly the Moroccan authorities buy into this deal big time, I would if I was them as they need domestically produced gas and the Chariot/Energean combo should be the dream team. For Chariot this is just what they wanted, shareholders can enjoy the spoils of the existing discovery along with potential for a great deal of upside..."
https://www.malcysblog.com/2023/12/flash-blog-chariot-dec/
Https://chariotenergygroup.com/app/uploads/2023/12/Offshore-Partnering-slides.pdf