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Goon, thinking is free, so fill your boots bud. Lots of boat shows to visit before Char realises it’s potential. Yes, I agree, GAS & FID are important milestones, but I’m not expecting the pound party until gas starts flowing. ATB
Https://www.proactiveinvestors.com.au/companies/news/1016935/today-s-oil-and-gas-update-1016935.html
SDX's average realised gas price prior to renegotiation was $10.39/mcf. I haven't found what the renegotiation increased it by, but $10.39 would do Char very nicely.
Only 13 working days until the end of the month.
Dg, Char have prepared their financial models on $8/mcf. They estimate about 1/3 will go on royalties, OPEX, CAPEX and decommissioning. Even though May’s has price has dropped 90% since last summer, the economics of Anchois still look healthy. If alternative energy becomes free, Char are screwed, but I don’t think that is going to happen.
Goon, don’t fret about the SP this week or next. What matters are the GSAs, any farmout or partnership terms and conditions and the numbers in the FID. If the SP remains at 16 after that, you may have a dicky fit with my blessing, but I don’t think it will. I know waiting for Christmas is torture, especially when the date is pushed back but, rest assured, Santa is on his way.
https://otp.tools.investis.com/clients/uk/chariot_ltd/rns/regulatory-story.aspx?cid=351&newsid=1684652
Not the big RNS we are waiting for, but evidence that the pace is picking up and deals being done with big players.