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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

🤷‍♂️

I used this one for Etu Energias

https://www.whitecase.com/news/press-release/white-case-advises-etu-energias-us310-million-acquisition-upstream-angolan

Rgds Sft

Thanks Titan, appreciated.

That what you get from using Google AI and checking website I.e. 🙄

https://www.oedigital.com/news/539888-energean-s-angola-deal-with-chevron-faces-pre-emption-challenge

And

https://www.lse.co.uk/news/energeans-angola-expansion-in-limbo-after-etu-preemption-23qy8nvyxnsgtyp.html

Thank you for adding, can't trust these darn websites.

Rgds Sft

Interesting when you consider

Etu Energias paid $310million for Azules position of block 14 (20%) and 14k (10%)

Where as Energean are proposing to pay $260 million for BOTH of Chevron position of Block 14 (31%) and 14k (15.5%). Seems Energean were getting a hell of a good deal or Etu over paid?

Does indicate that Etu, if they have actioned there rights to buy want it?

Hopefully this was the other assets that AP were talking about and this time they have the previous deal to leverage against?

Nice find on the proactive investor meeting, hope fully as that planned a way off its for Anchois+ and any potential / tie in with Etu is already covered by as others have said the Shell loan facility?

Could be interesting, few weeks after all?

Good research folks, thanks for posting.

GLA sft

Looks a tiny bit better 🤞

# of Trades 51

Vol Sold 3,786,562

Vol Bought 5,915,571

Still not very clear on wtf is really occurring 🙄

Mind you that not unusual for me 😂

Rgds Sft

Hey Smyth11, yes today was a quite a difference. We seen it before, either a blood bath or later proffesionals slowly exiting ..also to be fair there was a time when AA was buying to up his stake after the BoDs excluded him from the open offer...and by slowing buy up to7 or 8% which got close to AP's stake. He has been pretty good on TR-1 RNS disclosures when he acquired more.

It's a bit of a wait potentially for Angola, very doubtful that Anchois will come to fruition the only thing is selling the reneawables which on its own would only give us a small lift...35million 2p. Could force out the 1.3 speculators (no offence to them meant, I would welcome those that belive and hold)

As usual only a good farm in for Anchois will lift.

As before if the rolled out a really good sale of Renewables and then bounced in immediately after two flow tests (A2 and OBA-1) and an addtional drill (A4) would it create a good reason for new "investors" to hold for the Angola, then sell half and gamble on the Anchois/ Lokous or hold for Angola.

Also a good seismic survey of Rissiana which could cost 4million, another hold?

Time will tell...you never know, the BoDs could actually supprise us 🤔😬

Best rgds, GLA Sft

# of Trades 40

Vol Sold 9,078,644

Vol Bought 1,158,606

Monitor, is it MM just juggling or someone reducing/ exiting.... likely candidates: those panamanian investment types i.e. that came in at 1.4p placing with warrents, no risk as they keep thier warrents for free.

I am assuming there was no clause forcing them to hold for a period.

Just speculations and monitor. The Etu deal is H2 2026... that could be +September.

Rgds Sft

Excellent observation MD1999, thank you for posting.

Rgds Sft

Remember this is what Adonis Pouroulis the Chariot CEO was saying 11 months ago on both the O&G future and funding and what share holders can expect from the Renewables:

https://m.youtube.com/watch?v=6qGismGZ98s

No talk of selling off the renewables at all and funding near production or existing production at a subsidiary level 🤔

No wonder the market struggles to see Chariots forward momentum?

Rgds Sft

I remain hopeful that ETANA and the interests in Project Nour are ideally sold to the Saudi company ACWA.

Morrocan hydrogen and green ammonia, along with the desalination "proof of concept" lie has been written off. As we can see ACWA has moved into that space easily.

Rgds Sft

If we moved off this level it could indicate something positive. At least we have not dropped below 1.4p.

Angola nor the sale of the Renewables arm has been built in to the current level SP. Its a market reflection of trust with Chariot known history.

So some speculators could be looking for a 6p exit post the above, of course if anything positive came of Anchois before such, then it becomes more difficult for people to sell out right.

But the warrents extend to 2029 which fits in with Murphy 2028 exploration timelines.

For credibility on Anchois funding further drilling / DST testing by Chariot would be a massive vote of confidence for the BoDs data and project belief.

Alternatively they may fund another revenue stream, from Renewable sales, which would be a poor indictment of Anchois....unless they issue an "MoU" with Murphy? Still leaves Loukos unknown.

Looking at Sound Energy who have thrown the towel in on thier Morroco plays due to cash shortages...Angola was a good move....despite the underhand way it was done...its does show exploration is NOT easy even when you have found potential....CAPEX costs can cause problems especially when putting in the build costs of a Central Processing Facility (CPF).

As ever 🤷‍♂️

GLA, rgds Sft

I suspect the answer remains firmly with the board and their actual and market seen way they run the company.

I too would like to see if these guys can actual make ANYTHING work.

Not including the ETANA team as they were brought in via a company aquesition I.e. AEMP

Rgds Sft

With gas prices having been tested, especially since the start of the Russian invasion of Ukraine, coupled with Morroco's excellent tax incentives and clear demand with in the country and within Europe we must ask ourselves, why?

Why did Chariot fail to secure a meaningful farm in with Energean? The contract signed depended on a successful drill of A3

Why did our CEO, state before hand that the results of A3 would not matter?

Why did he not understand its importance having signed off on a farm in that did not guarantee the building of Anchois even if A3 was non commercial? Was he ignorant or lying?

Why has Anchois not been able to secure another partner? Is it to do with the uncertainty on the determined reserves in the reservoir?

Was it xombined with the reality of APEX costs.

FEED was reportedly completed prior to farm out, but for 3 wells not 2

Why was FEED not completed for 2 wells as this had been the original ambitions?

Why were the unable to secure a bond loan for Angola, we were told they did not have the time, but they did to find parties to ist cheaply

So if the Market Cap increased to £11.1 million ($15 million left after all debts cleared) the share number remains the same; should the sp not reflect such I.e. be at 4.86p? Once the deal goes through?

Rgds Sft

But I really hope your right on partnering...it would IF the agreement is a good one I.e. not like Energean it's a VERY significant step forward.

Very best Sft

Hey Surety, is a good assumption but it's IMHO "not very clear".

It makes sense with Murphy looking so close and IF they go for it in +2028 and IF they find commercial quantities it WILL bring the CAPEX down for anchois in the CPF costs I.e. shared.

Certainty it seems to me, a little way off I.e. +2028!

Still better than never 🤔😁

With best regards Sft

Appolagise: I am wrong on the 3d seismic survey work completed already- asked Google Gemini

"Yes, 3D seismic surveys have been extensively completed across multiple oil and gas licenses in offshore Morocco. Several major operators and exploration companies have successfully shot and interpreted hundreds of square kilometers of 3D seismic data over the last two decades"

Good read: Published March 12, 2026

https://geoexpro.com/moroccan-atlantic-margin-where-geological-diversity-meets-outstanding-exploration-potential/

Rgds Sft

Although this was written back in March ( 11th) it is, imo, a particularly indepth and interesting look at Murphy oils buy into Morroco and their INSUSTRY RECOGNISED skills set

"The journey initiated by Murphy Oil is anchored in rigorous scientific methodology. Offshore gas exploration invariably begins with an intensive phase of interpreting 2D and 3D seismic data. These datasets act as a subterranean ultrasound, allowing geologists to visualize rock structures thousands of meters beneath the seabed..."

"......The Gharb field possesses complex geological traits that DEMAND world-class technical expertise—a domain where Murphy Oil is a recognized leader....."

It's worth a read NOT least consideration on potential time lines on when Murphy MAY go for a Drill....that being 2028!

What may be worth trying to keep an eye open for is Murphy renting a Seismic vessel for focused 3d survey work, which I belive has not been completed over thier area.....as an aside Chariot has NOT completed such over Rissian EITHER, which if we remember WAS written into the Energean contract but NOT enforced by Chariot ( possibley, a guess, in exchange for a complete & unrestricted retun of the farmed out Anchois/ Lixus licence)

Read full artical:

https://www.siliconvalley.ma/en/strategic-shift-in-moroccos-energy-landscape-with-murphy-oil/

It's ALL VERY QUITE on Anchois and Morroco in general in that it's a VERY low part of thoer narrative now!

Rgds Sft