Member Info for Surfit

Link to save searching:

https://www.proactiveinvestors.co.uk/companies/news/1094570/chariot-ceo-on-angola-deal-transforming-the-company-one2one-investor-forum-1094570.html

Rgds Sft

Hey Obs, good find: I signed up ( 1x free artical).

British firm Chariot Energy is looking to promote its African green hydrogen projects with an eye to securing funding from European institutions. Laurent Coche, CEO of Chariot Green Hydrogen, is heading the lobbying efforts directed at the European Union.

Chariot Energy mostly operates in Africa. It is especially active in Angola, through its partnership with Etu Energies; Mauritius, with its green hydrogen production project Nour; and above all in Morocco.

The firm holds three licences in the kingdom, thanks to its work with the ONHYM national office of hydrocarbons and mines: Linus Offshore, Rissana Offshore and Loukos Onshore, essentially for gas prospection in the region stretching from Tangiers to Kenitra.

While these fields could eventually contribute to the European market, the EU is less and less inclined to fund fossil fuels in Africa. Brussels has shown more willingness to support green hydrogen, even if large-scale exploitation of the energy remains highly prospective.

In 2023, Chariot Energy concluded an agreement with Mohammed VI Polytechnique University to develop a hydrogen pilot project at Jorf Lasfar, on a site exploited by phosphates giant OCP Group.

Very interesting artical, as the pilot project from Oort did not go ahead in Morroco, it was to be placed at a specific working site in country. The unit remained in the uk and was subjected to limited testing. This was because ( I assume) did not have the cash to progress it but stating that is odd in that transporting a container across is not expensive burlt maybe manning it was? The other option was during trials with Oort they had issues?

Researching through Oort website and googling.

Still that indicates they have NOT given up on thier Hydrogen aspirations...where does that leave any tie up or sale of Renewables to ACWA?

Good find, cheers

Rgds Sft

It's from 18:00 to 21:00

https://www.eventbrite.co.uk/e/proactive-one2one-investor-forum-wednesday-24th-june-tickets-1988061260748?aff=ebdsoporgprofile&_gl=1*9889lq*_up*MQ..*_ga*MjA4ODY2Nzg4NC4xNzgyMzA1Nzcx*_ga_TQVES5V6SH*czE3ODIzMDU3NjkkbzEkZzAkdDE3ODIzMDU3NjkkajYwJGwwJGgw

Rgds Sft

Googled to find out how to watch:

To watch the replay of the Chariot investor meeting, visit the official Proactive Investors YouTube Channel. Once on their channel, click the "Videos" or "Live" tab to find the most recent recordings, or use the search icon on their channel banner and type "Chariot" to immediately locate the latest interview.

They may well just post it as usual, but just thought I would check.

https://m.youtube.com/@Proactive247

Rgds Sft

No answers to questions re Anchois. Leads me to think your just stepping in to try and pick a fight.

We've seen em come and we see them all go.

Your too obvious zzzzzzzz, as your posting history reveals.

Rgds Sft

Hey Gardie, looking at the site: They state they only want "high net worth individuals".

I suppose me and AA saying "well we were, before we invested in Chariot" might not get us in 🤔😂

It would be nice to see if they posted the presentation, doubt it though 🤷‍♂️

Best Sft

Hey Titanus, whilst your hear can I ask your expertise on your thoughts the anchois A1 production readiness

And what are your thoughts on the Anchois project in general.

It would be great to hear from another perspective?

Kindest rgrds Sft

Hey Titanus

No I am not (obviously) thank you for the information.

Interesting input, learning all the time, made me Google for myself.

"Digital data rooms (VDRs) for offshore oil companies streamline asset divestitures, joint venture negotiations, and M&A by securely managing large geophysical and technical datasets. These specialized platforms protect proprietary subsurface models while providing secure, global access to potential investors and stakeholders"

Do you think they have let Murphy in to their data sets?

What would they get in return?

I have some, but limited, cross operator exposure: Third party agreements, never involved in geotech side.

So your stating Murphy will not sign an MoU with Chariot?

Rgds Sft

From Google AI regarding Murphy oil

Current Operations (2026): The initial exploration phase focuses entirely on evaluating and reprocessing existing seismic data and conducting geological studies rather than physical drilling.

Timeline: The first exploratory well is tentatively scheduled sometime after 2027, as the company takes a long-lead approach to deep-water frontier exploration.

Partnership: Murphy holds a 75% operating interest in the over 4-million-acre deepwater block, while Morocco's state oil company, ONHYM, holds the remaining 25%.

Note the offshore acreage at 4million for Murphy, Chariot with Lixus and Rissina is 2.5million acres.

Rgds Sft

Hi Obs, yes Anchois is very quiet.

I have the eeling more and more now that, as Surety and others have considered, is they are waiting for Murphy oil, it might be that they are ( with out seperate investors or due to develop considerations) looking tie up with a drilling campaign ( less Mob, transit, demob costs.

It's going to be intresting to, as said before, keep an eye of what Murphey oil do, from Seismic surveys to renting a Drill rig / ship ( Stena bookings 2026 below).

https://www.stena-drilling.com/fleet-contract-status-update/

But if they do tie up with Murphy, it would be good but how long will Murphy be analysing data.

I would have thought if Chariot were going to share the Anchois data they would issue an MoU?

As usual 🤷‍♂️, share holders are left guessing.

Best Rgds Sft

Although we should remember that Chariot had originally only considering a 2 well senario, with the subsea Alliance.

https://www.offshore-energy.biz/subsea-integration-alliance-and-chariot-ink-feed-agreement/

This was back when AP was selling a fast track development to investors but then dropped it to go with Energean who wanted more before proceeding with development, the market when farm in announced saw the gap and increased risk of Anchois not getting developed if it did not fit what they wanted and AP denying A3's importance (on webcast).

The April 2026 update from Chariot supports that FEED had been completed ( previously for a 2 well scenario)

Source: chariotenergygroup.com https://share.google/KC6xYlFLSFMNiIPJY

So are they waiting ( or potential investors wanting more gas)

1. Wait for another gas discovery due to previous message considerations.

2. The lack of a completed DST and or full flow test needs to be done for FID ( also is A1 casing good enough for production...Char stated when directly asked: "This would be down to the operator"

3. Need another 15million to Mob and flow test or 25million for mob, test (A1 or A2) and because its mobbed a Drill rig, try another drill.

4. Capex for two Wells not commercially viable.

All of these are known to Chariot but nothing is communicated to us in any way? If its not communicated then WHY NOT!???

All the best Sft

Here is a interesting consideration:

If Anchois did go ahead what size pipeline would they use to transport the gas onshore: if it is only using 2 wells (A1/A2) with 105 million standard cubic feet per day (MMscfd TBC, as no DST completed) that is going to be a certain size / diameter BUT if Chariot ( or others) belive there is more out there would they want to use that one PL ( back to the onshore CPF) and how much could they move through that size. If they increase the size in anticipation of finding more should they also consider a PLEM or a manifold or just hot tap in if required.

All cost more to use, include or install ( hot tap risk and shut down costs).

It's looking more and more likely that Anchois development needs another find.

This is the trouble when your the "first to find" (and not at really hugh quantities) with no existing incountry infrastructure to tie into.

Just thoughts to mull over/ different perspectives

Rgds Sft

Hey Smyth111, I think we need a bit, like this much 🤏 of positivity, although I appreciate I sat / sit on the opposite bench for soooo long now. If it was not for Surety giving 🤏, it would be awfully dull.

If the Angolan deal (part 1) goes through, it is the first step, and any income will bring some confidence to us and the markets and if its proven to be a GOOD deal then........ I would still, as Fernan raised, like to see the real NET value to Chariot.

We are I am sure are all hoping that they can get a bite of the Chevron (Part 2) sell off. Just not sure if the can pull it off within existing loan facilities?

I am down on Anchois for the said reasons, but the fact remains Morroco wants a domestic market, and are offering extremely attractive tax relief to encourage that development, thus hopefully paving the way for others I.e. Murphy to risk further exploration. The geology does indicate thinner reservoirs though ( not an expert just what I have been reading up on) that I belive has been a influencing factor. Time will tell and the clock is ticking as the Nigeria/ Senegal / Morroco/ Spain pipeline will most likely go ahead.

Saudi is not stopping, friend headed over there very recently (June) to start building offshore drilling Derrick's for the country's offshore exploration push.

Jt I agree I would like to retain the renewables, AND FREE shares at that!!!!!

Chariot need a win as AP and all the O&G directors are probabley viewed as rather untrustworthy on what the say and what they deliver.

Yes the warrents remain a share price drag, a big drag.

Will pencil in September as a maybe 😁, not expecting much to lift us untill that and how the markets react. I as before hope they follow up with RNS to keep the newer investors in for longer.

All the best Gents, GLA.

Rgds Sft

Hey Jt, that proactive investor forum

https://www.proactiveinvestors.co.uk/register/event_details/470#

"One2one investor forums are suitable for sophisticated private investors, private client brokers, fund managers, financial institutions, hedge funds, buy and sell side analysts and journalists. The event is not suitable for people pursuing commercial opportunities"

It is a strange one, it would appear Chariot are not getting intrest from either the Renewble or O&G industry companies directly and are back at looking for outside speculators.

I find it hard to understand ( but am not suprised) why nothing has come of the Saudi ACWA MoU for at least Etana and Project Nour?

Note: Angola was always meant to be finalised sometime in H2, so that could be a July to December.

So it's just sit on our hand with, as usual, all fingers crossed.

GLA, Rgds Sft

Hey Matrix, with respect what CAPEX costs have been put out / published by Chariot for the total development of Anchois? They seem to have gone quite on that too? I wonder why?

With rgds Sft

If you think the King, Caliph, Sultan, Emir, Shah, and or Khan could be responsible for holding up a posting of good news foe Anchois, I fear you are thinking incorrectly, as we squirrel back towards 1.5p our only hope my dear Jedi younglings lies with the conformation of the Angolan (ex Azule) deal being signed AND that that BoDs release the full terms to that deal.

Unfortunately there will be NO takers for Anchois unless Chariot give away 60% of their 75% stake OR confirm the gas quantities by FLOW TESTING which is REQUIRED before a FID/Sanction can happen.

The cost of a onshore CPF, on and offshore pipelines AND 2 trees plus maybe a multiphase compression / boosting sustem as We do NOT know sustained reservoir pressure is (imho) ALL prohibitive to a single Anchois development.

THAT is why Chariot has gone quite on Anchois, the same way they went quiet on the water desalination ( Sold off for a 600k loss) the Oort testing / pilot scheme in Morroco for green ammonia/ hydrogen production through electrolysis, the unit remains in the UK with no test results published.

If there was ANY good news they would be shouting it, just prepare for another fund raise if the camps can not get the deal through in time as the only hair cut the management team has taken is down at thier London barbers.

😬

Rgds Sft

Omen for the future 🤔😂

Tomorrow might be interesting I.e. if there are any buyers that have any hope that there is a chance?

Rgds Sft

Errors I meant "....IF this was the plan by AP and Etu Energias?"

Rgds Sft

They have also done their dd on Chariot, its just how Chariot cover the initial "deposit" IF this was the plan by AP and Energean then maybe Chariot can secure a bond loan THIS time, against returns from the ex Azule %?

Wonder what Titan has to comment in this matter he seems rather assured on his figures?

Rgds Sft

🤷‍♂️