Member Info for schlemiel

Also expect updates from Simon Thompson at the IC and Cenkos....will post anything when (if)
they do update

super response by the market in response to today's placing

The real work begins after the debt is rendered redundant...use Lancaster free cash to develop extend Lancaster life and seek new assets across the North Sea or maybe, dare I say, foreign climes?

Let's hope also this elevated demand for new stock is a portent of a CPR that matches or indeed exceeds the market's expectations vis a vis the CPR

raised 20.4m up from 16m..someone 'wants in'

'As stated in our Annual Results announcement on 28 April 2022, the Board is now confident that the bond will be repaid in full in July 2022, with the Company forecasting to be holding net free cash of at least $60 million following the repayment, assuming oil prices remain at over $90/bbl. '

The CEO (AP) subscribing for $500k of new stock at 18p is one of the most pleasing aspects of this funding exercise. It's a huge endorsement and should give or take the usual price vacillations provide a price base from which to progress from disclaiming of course the wider market which is nervy to say the least

Jimmy

You know, I bet that the payback period for Anchois is less than 3-5 years which for major projects of this kind is exceptional...the rest is pure, unencumbered upside

'It depends on a number of factors, including quality, location, contract delivery terms, etc.

In the U.S., the value at the wellhead is about $3.00 per million BTU, which for 1,000 BTU gas is the same as $3.00 per thousand cubic feet.

One trillion cubic feet would therefore be worth $3 billion at the wellhead (i.e., to the producer), which is kind of nonsensical because it will take a while to deliver that quantity.

If you’re contracting for delivery of LNG by tanker, you’re probably going to pay a higher price, probably one based on the energy content on a barrel of oil equivalent basis.

That would be a price closer to $9.00/mcf. The value of a 1 TCF contract delivered over a several year term would be $9 billion to the purchaser.

The cost of processing, transporting, and liquefying the gas is considerable.'

https://www.quora.com/How-much-is-a-1-trillion-cubic-feet-of-natural-gas-worth

this was 3 years ago but it does give an idea of the gargantuan cashflows generated from Anchois once it is flowing

Some good stuff in the details section -

'With two confirmed gas discovery wells and data available from the comprehensive sub-surface sampling programme, this drilling programme has directly de-risked a material portfolio of prospects as well as the wider prospectivity within different plays across the licence.'

'Rissana Offshore licence - capturing additional upside

In addition, the Group has entered into a Petroleum Agreement for the Rissana Offshore licence which surrounds the Lixus acreage and provides material additional running room, on trend with the Anchois gas discovery. By securing this licence, which covers an area of 8,489km², Chariot has captured the exploration upside of the gas plays extending from Lixus. In parallel with the development plans of the Anchois gas field, Chariot will undertake further exploration work to evaluate these extensions and giant upside potential within this basin. '

ST from the IC tipped NANO way back in 2015 so one would suspect he'd maybe restart coverage or at least flag today's news on his IC blog and if anyone tipster can move a share price it's Simon Thompson

''While there is still much to be done, successfully overcoming this hurdle allows a straight run in to a trial later in 2022. A favourable trial outcome should then deliver a substantial inflection point for Nanoco's prospects and shareholder value."

A 'substantial inflection point' translates into lots of ££££££££££££££££££££££££££££££ for shareholders but more likely a takeover

good find mate

The search for pre-production oil and gas winners

London still has plenty of options for investors keen to bet on oil and gas projects that are yet to reach production or even proved commercial status

May 12, 2022

By Alex Hamer

There isn’t enough oil and gas floating around world markets right now. That won’t be solved in the short term given the practicalities of opening new supply – be it new wells or Opec production currently on ice – but there are plenty of companies in London pitching to investors on continued long-term demand for oil and gas.

Running a screen on the pre-revenue (or low revenue) oil and gas players shows where investors are currently happy to assign value – top of the charts in terms of price-to-book value (P/BV) are Chariot (CHAR), which has an offshore Morocco gas project (and has recently been covered by Simon Thompson), Pantheon Resources (PANR), which has a large onshore Alaska field staked out, and Eco Atlantic Oil and Gas (ECO).

There are some downsides to using this metric – exploration companies can only book proven and probable reserves (2P) on their balance sheet as assets so, before that level of certainty is achieved, projects won’t be as highly valued. This therefor pushes the ratio higher. That is one reason why Pantheon comes out as being priced at five times its book value, as it has reported good exploration results but no resource yet.

rest is subs

https://www.investorschronicle.co.uk/news/2022/05/12/the-search-for-pre-production-oil-and-gas-winners/

The wider tech market is in no mood for bullish parties at present...my loss is now hefty and the sooner, if at all, a takeover happens the better.....

It's a similar deal to the GGP-Newcrest arrangement

Cenkos did state that the biggest risk to the shareholders of CHAR is an early takeover

agent provocateur

Seeing Machines appointed for DMS production solution with first Japanese OEM



Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has been appointed by an existing customer and global Automotive Tier-1 supplier to deliver its FOVIO Driver Monitoring System (DMS) for a leading Japanese carmaker.



This contract win, with an initial lifetime value of A$21 million, due to start production in 2025, marks Seeing Machines' first production Automotive award in Japan and brings the total number of OEMs, with which Seeing Machines has won business, to nine. Delivery is via the Company's deeply embedded and accelerated Driver Monitoring Engine (FOVIO e-DME software library) configured for driver state sensing and targeted at global NCAP (New Car Assessment Program) and regulatory requirements, over a number of additional vehicle models.



Seeing Machines has recently expanded its presence in Japan and is working with a range of Tier 1 suppliers and Automotive OEMS to secure a number of new opportunities as Japanese car makers move to address global NCAP, regulatory, and safe semi-automated vehicle applications.



The Company continues to grow as an automotive technology leader in Driver and Occupant Monitoring Systems, having now won a total of 12 automotive programs for 9 individual OEMs, spanning over 100 distinct vehicle models. Delivered with a range of proven global automotive Tier-1 customers/partners, the cumulative initial lifetime value of all Seeing Machines production automotive awards now stands at more than A$345 million.

https://www.londonstockexchange.com/news-article/SEE/seeing-machines-appointment-with-japanese-oem/15444355

The entire market is on edge so it's hardly surprising this and man other stocks of all kinds are experiencing significant volatility...the issue imho isn't stock specific though some stocks can get ahead of themselves but a more generalised concern

Either way, we know what CHAR's uncovered so I'm happy that the company valuation is underpinned by the Anchois discovery and its exceptional economic credentials