Member Info for Positivevibes

That's not what the new CEO has been saying. Since becoming head, the SP has risen, but still not to a respectable valuation. A JV partner for appraisal drill could be announced at anytime now, imo. I believe we could easily be valued at 35 mil mcap Now.

Does anyone have the interview from a few weeks back, when Keith said we're around 2/3s of the way through currently drilling? Thank you, happy Friday all

Development Plan

· Reservoir and integrated asset modelling completed, Pre-FEED study commissioned and optimised development concept finalised with a major engineering consultancy, with initial reference base case economics highly encouraging

· 70MMscfd base case production rate, equivalent to a power generating potential of c.600MW electricity and with capex reduced c.30% relative to 2019 feasibility study. Work continues to further reduce uncertainties in the range of costs



Gas Market

· Large and growing energy market in Morocco with attractive indicative pricing of US$8/mmbtu in power generation and US$10-11/mmbtu in industry based on public information of other operators in Morocco

· Engagement continues with potential off-takers both within the domestic Moroccan gas market and through the Maghreb-Europe pipeline to potential off-takers in the European gas market



Funding

· Discussions continue with a variety of parties for the provision of development debt finance. The feedback is encouraging and demonstrates the project's fundability and materiality at an institutional level

· An active E&P partnering process is ongoing to fund the appraisal well. New pre-stack depth migration ("PSDM") reprocessed data with material resource upgrade has encouraged further groups to come into the data room

Discussions are ongoing with state electricity company, private power generators and industrial users within the domestic Moroccan gas market and through the Mahgreb-Europe pipeline to potential off-takers in the European gas markets.



In the post period discussions have progressed with a range of interest parties to provide development debt finance. These discussions take into account the estimated capex required to bring the development online, anticipated to be in the region of US$300-500 million, but they also identify Lixus as being an important strategic asset, with strong ESG credentials, that has the potential to help Morocco transition to a low carbon economy, as it seeks to satisfy an anticipated doubling in domestic demand for energy over the next 20 years.

Not ramping, stating the facts. Poised to be a ten bagger +

Little hidden gem for now, any funding news will be massive for our current tiny Mcap. I firmly believe Morocco will be funded soon during these negotiations and when that happens were have a 100mil++ Mcap and be an asset to the country.

Will break out soon as we approach November - 3p shortly IMHO

Im greatful Im buying more at these prices before news.

https://www.proactiveinvestors.co.uk/companies/news/928617/chariot-oil--gas-rolls-out-new-vision-of-relevance-in-the-21st-century-with-transitional-energy-928617.html

I can sell at 4.72 . 5p will be broken today as people start to realise the massive potiencial of the position Char are in, and the size of the assets were sitting on.

35*milmcap. 350mil in 30 months.

Measured resources drilling should be completed any day now. RNS hopefully next week.

EMH is the best litium company on aim, fully Derisked. It's just holding and shortly it will be 2021, 350milmcap? Fantastic buy

Capital Discipline Maintained



· Unaudited cash balance as at 30 June 2020 of US$5.8 million

· No debt or remaining work commitments

· Restructuring in April 2020 brought organisational and other savings to reduce annual cash overheads by c.45%, from US$4.5 million to US$2.5 million

· Key skills retained and operating capability to scale up when appropriate, with prevailing market conditions making preservation of cash an imperative

Cash and no requirements untill we hear back from funding negotiations.

Happy Friday all, with the amount of gas were sitting on 17milmcap is nothing. Looking forward to CHAR being a country mover.

The work the team has undertaken to advance the Anchois project during the period, in what is shaping up to be a multi-Tcf prospective licence area, has served to enhance its commerciality and bring a highly scalable, fundable development opportunity onto the radar of institutional financing. We look forward to further project endorsements and hope to announce more progress in the coming months as the gap narrows between the market's perception of the Company and what management feel is currently a vastly undervalued clean energy investment proposition."

You wish ;) it's rising because people are buying this undervalued opportunity to make a fantastic investment at perfect timing.

https://youtu.be/WyXXusquLOQ

Discussions are ongoing with state electricity company, private power generators and industrial users within the domestic Moroccan gas market and through the Mahgreb-Europe pipeline to potential off-takers in the European gas markets.



In the post period discussions have progressed with a range of interest parties to provide development debt finance. These discussions take into account the estimated capex required to bring the development online, anticipated to be in the region of US$300-500 million, but they also identify Lixus as being an important strategic asset, with strong ESG credentials, that has the potential to help Morocco transition to a low carbon economy, as it seeks to satisfy an anticipated doubling in domestic demand for energy over the next 20 years.

Recently appointed and will be busy soon.

Add drilling news due to land any day now

Still sub 20milmcap while sitting in billions of derisked production ready gas. Like hidden treasure, no one can say CHAR isn't currently undervalued and due a rerate to a respectable market capitalisation. News will light the fuse to rocket. If/when char recieves full funding in Morocco - 170milmcap is absolutely achievable, and in the most recent q and a attached to the resource upgrade, they said they have already turned down offers and are looking to accept what best suits char and its shareholders.

The work the team has undertaken to advance the Anchois project during the period, in what is shaping up to be a multi-Tcf prospective licence area, has served to enhance its commerciality and bring a highly scalable, fundable development opportunity onto the radar of institutional financing. We look forward to further project endorsements and hope to announce more progress in the coming months as the gap narrows between the market's perception of the Company and what management feel is currently a vastly undervalued clean energy investment proposition."

Double digits when the market wakes up the the asset size and strategic position, before news that could easily make us a 100milmcap company, imo. Holding and loading.

Ignoring the noise, SYME is a fantastic investment which will benifit the US, UK and the EAU massively following covid 19 - all trillion markets. Not to forget Italy

Potiencial to access 3 different trillion dollar markets. Look to your calculator not a BB, the director has millions of pounds worth of shares at .68 for a reason. 1p+ by Christmas

https://twitter.com/KatoroGoldplc/status/1319191801446748160?s=19