Member Info for NewKOTB

On the Road atm … thoughts tomorrow
:-)

PS …. Added a few and more orders placed too

Atb

Publication of Annual & ESG Reports & AGM Notice.

https://www.lse.co.uk/rns/SQZ/publication-of-annual-esg-reports-agm-notice-4tb6xeigrm4dsr3.html

"Yes, Morocco has the world's biggest phosphate reserves...." , "Industrial fertilizer is made using NatGas.."

Is it any wonder given supply disruption (Russia was number 1 exporter in 2020) and ever increasing world demand for fertilizer that the Moroccan gov are extra keen on developing their own strategic local supply of energy asap.

https://www.agri-pulse.com/articles/17407-the-moroccan-game-plan-to-recapture-the-us-fertilizer-market
https://www.statista.com/statistics/1278057/export-value-fertilizers-worldwide-by-country/

n/m

I've said all along that $300m CapEx required is as you say, BBB, 'peanuts', back of the sofa stuff for IOC's / NOC's in comparison to getting a virgin field up 'n' running. For example, North Sea costs for a HPHT expo well can easily swallow $100m for drill alone without even the guarantee of a commercial discovery.... Now remind me of our current well/s status !!!
CHAR will have numerous players wanting in, either via farm-in or plain and simple takeover, current micro and macro events will ensure this imo. All interested parties will be awaiting revised CPR to advance discussions, which I expect to also be concluded in double quick time.

Summer 2022 will be one to remember for all CHAR shareholders and erase the nightmares of yesteryear.

aimo & dyor

Just watched the presentation again ...... picked up on this comment by Mitch at 27:55 :

"Growing the portfolio through M&A....we are primarily still looking in the UK .... but we need to find things that can add volume .... we still see a number of opportunities to grow that portfolio....."

The statement in particular that caught my attention was ..."PRIMARILY still looking in the UK..", so where else are they looking I wonder, Morocco maybe !

https://www.investormeetcompany.com/investor/meeting/investor-presentation-118

PS Nice to get an answer to my question regarding Bruce's production too.

aimo & dyor

Fair enough .....

Also, BP having held these shares since Erskine, June 2015 .... this sale for one , it sure surprised me and I guess the market given its reaction. Will we ever find out why BP needed to transfer now and not wait until maybe SQZ could of acquired them via the yet to be passed, buyback option.
What it has also done is dull the near-term demand as I guess these new holders would have been happy to acquire on the open market at ~365p or above too.

PS As mentioned, I would class BP's transaction as a 'transfer' rather than an outright sell.

aimo & dyor

Humm, just checked your posts from last week. Appears you were fully aware of the BP transfer yet today you post "Another Institution sold 4.97%, hence why the SP is still dropping, RNS just out.."

As I say .... hummmmmm, agenda maybe !!!!

aimo & dyor

TSSZ,

If you are referring to BP RNS they sold their entire holding .... sorry, should of said 'transferred' via a book-build run by Jefferies last week AND not repeat were NOT sold on the open market.
Also, nothing to worry about as the transfer occurred at 365p ....

What is more of an interest is who took ~£50m worth of shares in next to no time, who btw, also could clearly see value even at 365p/s.

Any selling right now are peeps that don't understand the mechanics behind this latest RNS.

aimo & dyor

Confirmed ... RNS ... BP now out .... who's in !!

After the sudden announcement of BP book-building their 5% (at the time ~10% discount to prevailing SP) our SP has fallen ~15%. At the moment, the buyer/s .... and remember they are buyers of BP shares are now in a loss situation of being down ~5%. Probably not what they envisaged a week or so ago !!!
What was extremely positive is that BP (Jefferies) easily found a buyer/s for a whole 5% of the company ~£50m. Now if the buyer's didn't think they were at the very least getting value for money do you think someone would stump up that kind of cash .... of course not !

As for the boards latest announcement regarding wanting to get authority to buyback up to 10% of the share capital, even though no actual £value£ attributed or what will happen to the shares if acquired ... I'm sorry, but should this provision have not been in place already .... Our board should of anticipated BP wanting to exit at some point after the BKR deal ended and been in a position to cut-off at the pass any fallout that may arise. Unless of course, time was of the essence for BP !!

All eyes on TR-1's RNS's tomorrow.

also ... "BP seeks to sell shut-down North Sea oilfield.."

https://www.euronews.com/next/2022/03/24/bp-m-a-northsea

NB Whatever happened to Andrew .... just saying !

aimo & dyor

Long weekend ... if we close +20%, I'm sure we will see a few hacks putting pen to paper ... or what the digital version is nowadays ready for Tuesday opening.

There are such things as NDA's .... how do you think our data center for potential farm-in's operates ....

aimo & dyor

Nothing like a quick one ..... to keep things moving up !

aimo & dyor

Volume today a record-breaking : 21.97m .... :-)

Previous all time high, been held since April 2009, a tiny 13.2m

Normally only post trades over £50k ..but today its trades over £250k .... wowww :

tradeTime currency price volume tradeValue type micCode tradeType venueOfPublication
2022-04-28T08:06:28.093 GBX 365.73 1385236 5066223.623 Off-Book AIMX PRIC P AIMX
2022-04-28T08:27:21.537 GBX 365.438 1385236 5062178.734 Off-Book AIMX PRIC P AIMX
2022-04-28T08:06:28.093 GBX 365.438 1385236 5062178.734 Off-Book AIMX AMND PRIC P AIMX
2022-04-28T11:55:20.447 GBX 365.438 1000000 3654380 Off-Book AIMX PRIC P AIMX
2022-04-28T13:09:24.167 GBX 365.438 750000 2740785 Off-Book AIMX PRIC P AIMX
2022-04-28T14:51:11.000 GBX 361.45 658761 2381091.635 Off-Book XOFF TNCP ECHO
2022-04-28T11:59:55.327 GBX 365.438 650000 2375347 Off-Book AIMX PRIC P AIMX
2022-04-28T09:20:23.380 GBX 365.438 650000 2375347 Off-Book AIMX PRIC P AIMX
2022-04-28T08:16:16.443 GBX 365.438 650000 2375347 Off-Book AIMX PRIC P AIMX
2022-04-28T08:06:11.313 GBX 365.73 614764 2248376.377 Off-Book AIMX PRIC P AIMX
2022-04-28T08:26:57.743 GBX 365.438 614764 2246581.266 Off-Book AIMX PRIC P AIMX
2022-04-28T08:06:11.313 GBX 365.438 614764 2246581.266 Off-Book AIMX AMND PRIC P AIMX
2022-04-28T09:19:33.047 GBX 365.438 550000 2009909 Off-Book AIMX PRIC P AIMX
2022-04-28T12:20:05.380 GBX 365.438 500000 1827190 Off-Book AIMX PRIC P AIMX
2022-04-28T11:59:08.047 GBX 365.84 400000 1463360 Off-Book AIMX PRIC P AIMX
2022-04-28T11:59:08.047 GBX 365.438 400000 1461752 Off-Book AIMX AMND PRIC P AIMX
2022-04-28T17:00:03.000 GBX 361.667 390155 1411061.884 Off-Book XOFF TNCP ECHO
2022-04-28T09:15:18.720 GBX 365.438 325000 1187673.5 Off-Book AIMX PRIC P AIMX
2022-04-28T09:17:40.267 GBX 365.438 300000 1096314 Off-Book AIMX PRIC P AIMX
2022-04-28T15:35:20.530 GBX 356.5 295943 1055036.795 UT AIMX P
2022-04-28T15:08:50.467 GBX 357.858 250000 894645 Off-Book AIMX PRIC P AIMX
2022-04-28T16:16:56.000 GBX 356.5 243826 869239.69 Off-Book XOFF TNCP ECHO
2022-04-28T13:21:23.027 GBX 365.438 225000 822235.5 Off-Book AIMX PRIC P AIMX
2022-04-28T13:23:21.107 GBX 365.438 200000 730876 Off-Book AIMX PRIC P AIMX
2022-04-28T11:59:39.217 GBX 365.438 200000 730876 Off-Book AIMX PRIC P AIMX
2022-04-28T11:57:58.910 GBX 365.438 200000 730876 Off-Book AIMX PRIC P AIMX
2022-04-28T11:19:26.493 GBX 365.438 200000 730876 Off-Book AIMX PRIC P AIMX
2022-04-28T11:58:18.547 GBX 365.438 150000 548157 Off-Book AIMX PRIC P AIMX
2022-04-28T07:05:35.630 GBX 371 134934 500605.14 UT AIMX P
2022-04-28T11:57:30.050 GBX 365.438 100000 365438 Off-Book AIMX PRIC P AIMX
2022-04-28T11:54:35.307 GBX 365.438 100000 365438 Off-Book AIMX PRIC P AIMX
2022-04-28T10:23:11.620 GBX 365.438 100000 365438 Off-Book AIMX PRIC P AIMX
2022-04-27T16:35:16.000 GBX 393 84050 330316.5 UT AIMX N
2022-04-28T09:06:51.163 GBX 370 73629 272427.3 Off-Book XPOL P XPOL
2022-04-28T13:29:16.597 GBX 358 74028 265020.24 AT AIMX P ALGO

Don't think the new owners of the 13.5m shares or ~£50,000,000 of cash they have just spent will be too happy atm ..... unless they are the ones who opened shorts from >390p plus forward sold any they already held ... Mr Market games, hope SQZ have taken note of today ! 10% fall in SP valued at ~£100m against the transfer ... note 'transfer', not sold into market, but transfer of £50m to another institution ... how easy is it to move our SP .... Guess, that's the price SQZ for remaining an AIM share.

aimo & dyor

Because UK is chicken, hence NBP fall since Friday .....!!! Short blip imo, back above 200p/therm in no time.

"Britain will allow payments to Gazprombank and its subsidiaries for gas going to European Union countries until the end of May, a Treasury document showed on Friday.."

Futures roll tomorrow.. :-)

Interesting, I would say the 13.5m reallocation has begun and split at least three ways ...

or we have further share shuffling / positioning occurring with another large holder !

tradeTime currency price volume tradeValue type micCode tradeType venueOfPublication
2022-04-28T08:27:21.537 GBX 365.438 1385236 £5062178.734 Off-Book AIMX PRIC P AIMX
2022-04-28T08:06:28.093 GBX 365.438 1385236 5062178.734 Off-Book AIMX AMND PRIC P AIMX
2022-04-28T08:06:28.093 GBX 365.73 1385236 5066223.623 Off-Book AIMX PRIC P AIMX
2022-04-28T08:16:16.443 GBX 365.438 650000 2375347 Off-Book AIMX PRIC P AIMX
2022-04-28T08:26:57.743 GBX 365.438 614764 2246581.266 Off-Book AIMX PRIC P AIMX
2022-04-28T08:06:11.313 GBX 365.438 614764 2246581.266 Off-Book AIMX AMND PRIC P AIMX
2022-04-28T08:06:11.313 GBX 365.73 614764 2248376.377 Off-Book AIMX PRIC P AIMX

Vol Bought so far today : 7,986,096

aimo & dyor

find / found .... !!!