Member Info for schlemiel

500K buy - Director buy?

''This is v similar to the early Afentra deals. Totally transforms the company. They get their share of the oil revenues back dated to January 2025 so, when it gets closed in Q4, they will only have to pay circa $60m . Paying $5 per boe 2p….and there is huge upside in the field , another 500,000 boe to go for in future years.''. Robin Mayes

https://x.com/Robin25461631

''formation of a dedicated board sub-committee to oversee a disciplined process for value-maximisation from the Company's asset base.''

Asset sales no doubt to be used for debt repayment and maybe accretive, more productive asset purchases

Nm

Mr

''acquired equivalent to up to 4,000 bopd''. Ah yes, sorry, I see it's 'up to' rather than the full quota of 4k.

Would therefore like to know the full financial impact upon CHAR's finances from this transaction. Income, costs, proft and cashflow. Reserves? Length of deal? Longevity of asset? etc

Yes, war rumblings don't help sentiment but that's the nature of investing in Africa.

4000 bopd is a decent income flow though not sure what the lifting cost/ barrel is and indeed other metrics. Not an O & G guy but I suspect MGW will cast his expert eye over this so his opinion should be interesting

Kefi's mine west to AA, Tigray is NE some distance away. No military threat to Kefi operations. Significant Chinese presence in Ethiopia is a positive. China won't want to see any form of military upset to impact upon Chinese companies operating in Ethiopia.

5016

It's a biggie

Teetering

We need clarity and we need to see the solution, pronto

I'm holding mine for now though I can afford to, thank god though I do understand why anyone would sell and move on until things improve

We need McGlone to highlight when the 'turnaround' will happen. No bullsh-t just confirm the unusual timing of revenues that SEE have to absorb

''Six months to GSR: Automotive Growth Inflection Point Approaches''

This famed 'auto growth inflection point' better deliver or else we'll all succumb to insanity.

Ct

'Very little depth on the ask'. Bullish, for now

tks

This is looking horny

'The market had this priced for something close to distress and that pressure is easing.'. Perfectly describes any company coming back from the abyss of debt destruction of equity.

I wonder if ENQ are targeting further asset purchases of North Sea assets using their hefty losses as leverage?

Debt's the equity killer.

What's going on here?

Jux - skewed to the buy side (bid), for now at least. always pleasing though as we all know the order-book can change in the blink of a proverbial. thanks

Ct

Yes, the term 'pressure' is a far more intuitive and relevant term to describe the L2 dynamic.