Member Info for schlemiel

https://www.offshore-mag.com/regional-reports/africa/article/14248234/northwest-africa-emerging-as-a-key-offshore-frontier-area

lots on CHAR

Gen-Soc now have very strict ESG requirements regarding the projects they become involved in. I suppose companies, banks and contractors are keen to appease the political State and CHAR understand this completely so yes, the renewables segment of CHAR is the ESG insurance policy that will secure the risk capital and debt needed to develop Anchois, assuming CHAR get that far with it

B4N

I'd be surprised if S-Gen HAS not seen the CPR or at least has an intimate understanding of the figures.

'Beetaloo emerging as the most exciiting shale gas province in the world'

'poised to become Australia's Marcellus Shale'

https://seekingalpha.com/article/4504434-beetaloo-shale-australia-marcellus-play-falcon-origin-focus

CHAR could be next considering developments on the horizon

Bargain Shares: Primed to hit pay dirt

A UK North Sea-focused upstream oil and gas company is closing in on a transformational farm-out deal that could put a rocket under its share price.

April 28, 2022

By Simon Thompson

• Strong interest from farm-out partners in developing the Greater Buchan Area project
• Net cash of £13mn provides financial strength during negotiations
• Risked NAV estimates more than three times current share price

Jersey Oil & Gas (JOG:195p), a UK North Sea-focused upstream oil and gas company is closing in on a farm-out of its 100 per cent owned Greater Buchan Area (GBA) project, which holds 172mn barrels of oil equivalent (boe) of discovered P50 recoverable resources (net to Jersey) including 126m boe attributable to Buchan. A further 168m boe of prospective resources have been identified close to Buchan, too.

Chief executive Andrew Benitz notes “strong interest in developing the GBA project and we are actively engaged with multiple counterparties of scale, with ongoing due diligence involving two-way collaborative workstreams.” Work is progressing to assess various development concepts that can facilitate the farm-out, including using..........

https://www.investorschronicle.co.uk/ideas/2022/04/28/bargain-shares-primed-to-hit-pay-dirt/

nm

https://uk.advfn.com/stock-market/london/greatland-gold-GGP/share-news/Greatland-Gold-PLC-Havieron-Exploration-and-Develo/87935293

I'm holding a few stocks but thank god i'm not holding EME. Why people buy stocks on a binary drilling result is utterly beyond me and is asking for trouble

CHAR is the now best stock in my portfolio with the pressure to the upside rather than the downside especilally if the derisked areas come up trumps

'Chariot (CHAR) this morning announce that Societe Generale have been appointed to arrange loan financing for the offshore Morocco Anchois field. Soc Gen do not take on such an appointment only to announce that they cannot do the biz. This means that CHAR will get its dough and the upside is all that of current equity holders. All aboard. Now 20p.'

https://masterinvestor.co.uk/evil-diaries/evil-diaries-as-frankie-howerd-obe-almost-said-twitter-ye-not/

I wonder if there's EU funding available to develop new sources of gas from Africa. One would imagine that the EU and Morocco have at least some sort of political or commercial relationship regarding development funding of natural resources.....

Either way, private funding for CHAR should prove pretty low cost considering Morocco is a Europe facing jurisdiction

No dilution then

now up a few hundred quid pp

this share trading lark is tough going if you're not trading the move

https://www.liberal.org.au/latest-news/2022/04/24/300-million-package-deliver-territory-jobs-boom

Minister for Industry, Energy and Emissions Reduction Angus Taylor said these investments will turbocharge the development of Australia’s hydrogen industry and give Australian natural gas producers an even bigger comparative advantage.

“Global demand for LNG is poised to grow in response to the Russian invasion of Ukraine, and the Territory will benefit from another jobs boom as production decarbonises and new fields like the Beetaloo are opened up,” Minister Taylor said.

“Low cost, nearby greenhouse gas storage opportunities offer Australian LNG a potential comparative advantage as our customer countries seek to cut their emissions.

“With world-class natural gas resources in the Beetaloo and offshore basins, ample renewables capacity and a skilled workforce, there are extensive jobs and economic opportunities for Territorians.”

This announcement builds on the Commonwealth's commitments under the deal, including to grow the Territory’s clean hydrogen industry, reduce emissions in the gas sector and support the development of the Beetaloo basin.

'Everybody wants Sound Energy’s Moroccan gas now, says chairman Graham Lyon'

After years of steady progress, the gas project at Tendrara in Morocco is powering ahead, Graham Lyon, Sound Energy’s executive chairman tells Proactive.

The need for alternative gas supplies following the Ukraine war and Morocco’s own development requirements have sent interest soaring with multiple debt finance and other options for the next phase.

This will see a 120km spur-line built to connect to the Moroccan gas grid after which production can rally ramp up, says the veteran oil and gas man.

https://www.proactiveinvestors.co.uk/companies/news/980090/everybody-wants-sound-energy-s-moroccan-gas-now-says-chairman-graham-lyon-980090.html

pro--active site

It's arrived at long last...gl

The ultimate question is - will this trigger an offer for Cascabel from BHP-NCM? Or maybe for the whole company?

SWIMMING IN CASH

As of 17 April 2022, Lancaster was producing c.9,150 bopd from the P6 well alone with an associated water cut of c.43%.

The 28(th) cargo of Lancaster oil, totalling approximately 524 Mbbls, was lifted on 22 March 2022. This cargo was priced by reference to the average of the last five days of March's Dated Brent quotes, being $116/bbl, resulting in net revenue of $60.5 million. The next cargo is anticipated to be lifted in late May 2022.

Financial Update

As of 31 March 2022, the Company had net free cash(4) of $106 million compared to the last reported balance of $71 million as of 28 February 2022. During the month, there was a net movement of $9.4 million from free cash into restricted funds following the agreement of the Aoka Mizu FPSO Bareboat Charter extension on 25 March. $78.5 million of Convertible Bonds remain outstanding and are due in July 2022.

nm