Member Info for Surfit

Hey Jt, weldone and thank you for letting us know.

I think it was a good and valid question. It's really good to see as well a clear and prompt response.

I have found Jimmy on the IR to be pretty responsive with in the confines of what they know, or get fed back from Chariot on.

That prompt reply might also indicate an improvement from Chariots BODs to put out a bit more to improve share holder belief? TBC of course.

I to will look forward to that October information.

Again thank you.

Kind rgds Sft

Hey GP, not a bad profit (circa 40% low to max peak Tuesday) for those traders that know how to play situations. Have to respect such, in when to exit or profit take. They could leave a % to role on.

Never been any good at it, although did try it a bit for a while on GKP. But that was regularly swinging up and down. I tried it on 10% profit takes..but then if there is a sustained fall and your still in locked in you can lose all your gains. Just not smart enough.

With CHAR, I am trapped in to averaging down to keep relevant, this though is undermined (unlike GKP) because of constant share placings that add the total number of shares to the pot and loss of real sp value due to losses from company failures to deliver (farm in/ A2/Loukos / loss of capital), investors selling AND dilution (1.5billion shares).

As ever IF Anchois is farmed out (with GOOD terms) AND actually sanctioned (with a GOOD gas contract) could we see 12-15p? A long way from the £1 potential...when we had 250million shares in issue🤷‍♂️

Still we remain ALIVE as a company.

Hydrogen financing: If the pilot electrolysis project was proven to be successful I belive that could open the doors to subsidiary financing or TotalEnergies committing more funds....as its gone very quiet on that front I am not sure if it's been even started ( lack of funds) or started and failed.

Still to read the latest (RNS) update yet, I might add.

SFT, standing by 🤞🙏 as ever 😬

Rgds Sft

Hey Jt, my only source for AA (Not AP as below) has been the TR1, RNS's from Chariot and then Market screener.

It's all rather difficult to get an accurate and confident picture.

But possible a warm er feeling that he still hold a reasonable size.

Wonder if he and "Westward investments" as large share holders get preferencial access to Board members and therfore possibley information 🤷‍♂️

All the best Sft

Hi Jt and Fernan, I see Westward owns 9.10% and he personally owns around +8% to 9% (of the Total Board and Senior Managements 9.42%)

I did check before the last share placing, and the rest of the managment team only had about 0.3/0.4% all put together). So he COULD have control of up to 16%

As a director he must accurately declare what he personally owns and when he buys and sells that.

This I belive is not the case for what is owned by Westwards, but he does declare he is a dire tor od that company/ trust

Note: To get a accurate share % division of the declared management ownership (total 9.42%) reference/ research via the RNS on directors shares ownership as a result of the last placing.

To add to the confusion also look at:

https://uk.marketscreener.com/quote/stock/CHARIOT-LIMITED-4008468/company-shareholders/#:~:text=at%20reasonable%20prices-,CHARIOT%20LIMITED,CHARIOT%20LIMITED

All the Best Sft

Hey Jt,

Looking at the TR1 issued on the 28th April 2024 he had increased from 6.19% to 7.17%. Chariot are stating he now has 7.86% so SINCE April he appears to have increased by 0.69% ?

Reference TR-1

https://www.lse.co.uk/rns/CHAR/tr-1-notification-of-major-holdings-frjb0s32qg62rkc.html

Intresting about Robert Kampf:

Oiltdr, can you remember where you saw his name being detailed regarding his previous Chariot share % holdings as a Nominee holder?

I had not seen it anywhere before, he has though gained a significant % for a potential private investor.

GLA, Rgds Sft

Re Mr Robert Kampf Ahhhh thanks for the clarity Oiltdr.

Rgds Sft

Thanks for posting the link JT.

1. I do not think AA has increased anything since his last notification TR-1 of % increase on April 2024.

2. AP has influence now over approx 9% in his purchase as CHAR CEO and 9% with Westward (risk of information and trading conflict?????)

3. Mr Robert Kampf is a new investor imo, can't find any confirmed information. As stated no TR-1 issued, so it's odd that after 3 months and breaking a 3% threshold.

4. Odd also is as stated the new post on share data is 3month out. Why can't they ever seem to do things correctly 🙄!!!.

I would advise contacting and seeking clarification from CHAR Investor Relations on the two last points?

It is slightly reassuring that AA has not exited, but it not a hugh investment for a billionaire.

A new name is also intresting and give us somthing to research, whilst on our knees and working the rosary beads I guess.

GLA

Rgds Sft

Not knocking your enthusiasm Wiggly and applaud the commitment.

I remain in the other camp: Incompetent O&G developers, Incompetent business operators and do not trust them 🤔: "If their lips move their lying"

I do though, like Tiny Tim Cratchit, look in through the window and wish I could join the warmth of your Chariot 🥳.

GLA

Rgds Sft

Bless you Wiggly, how well did you do last time?

It only one swallow, if there is a "leak" it's a 0.6p leak, that is not a rerate. We can talk about sp % increase, that irrelevant. The only rerate is 7p to 10p on a income generating contract. Anything else (even the only 1x mine renewable) is irrelevant.

It's stalled for a reason. Don't get caught out...again.

Kindest Sft 😬

Hey Jim23, How does work, a sale at a known share price maybe but not for a company fail.

Following the AGM and those that reported back from attending a company fail seem highly improbable.

It looks more like knowledge or anticipation of some opportunity for good news IMHO.

Rgds Sft

Hey Oiltdr, That would be a happy day indeed 🥳

Kind Rgds Sft

Good point Surety; at least it makes 0700 am each day something to look forward (RNS) to rather than just breakfast 😂

Still nice to see green rather than red all the time. Good news from the gas, would be ideal, but something from the 1x renewable build at the Mine project would still be a positive. Can not see much comming from ETANA?

GLA

Rgds Sft

It's good to see this lifting off 1.4p, but "one swallow does not a summer make".

We need to see a natural rerate of valuation from Chariot announcing a good contract, especially from Anchois or even Loukos?

I have no trust on a few buyers, that could be trying a pump and dump. Some 9of those speculators got caught out quickley a while back when trying to buy in looking for a bottom bounce. Those that hung on got left with neither baby or bath water.

Still if this continues to gain sustained momentum for a + week, there may be a leak on "positive" news.

GLA

Rgds Sft

I have not been doing enough research in renewables but given the UK government's FIRM commitment to stopping further North Sea development and focusing on Renewables BUT with significant issues in the UK existing power supply infrastructure, the lack of battery storage, the lack of trained UK engineers to support the Government's plans UK or foreign company's must be looking at this country as a place to investing and developing innovative systems.

Intresting example of how hydrogen may be gaining traction is MAST Energy developments.

https://www.med.energy/

Seems the markets have some confidence in THIS company. Ref MAST

BUT despite its massive share price move I have not done ANY due diligence, looking on the MAST LSE bb there SEEMS to be some serious doubts BUT it shows that there are large opportunities out there....my concern is CHARS BoDs just can not look to make ANYTHING work.

CHAR have stated to some AGM attendees they are shelving their efforts. Why no word on the Morrocan pilot project? Has it failed or was it not even started due to cash runway?

🤷‍♂️

Rgds Sft

Hey jt, as per Surety: Good ask will be very intresting to see if AA has still retained +7% his last recorded (TR-1) top up was in April 2024.

Would like to see Westward Investments % AP had about 8% and so did Westward investments have aprox 8%

Note:

From Internet search

"Westward Investments is a company that was a shareholder in Chariot Oil & Gas, a predecessor to Chariot Energy Group.

Westward Investments is owned by a discretionary trust of which Adonis Pouroulis is one of a number of beneficiaries."

Rgds Sft

Hi Surety, me personally I wish they do not sell the renewables nor do I wish they would split it.

I think there are excellent opportunities with Hydrogen /electrolysis energy storage based wind and solar power development.

Apart from the obvious energy development for Africa I am particularly intrested in the use of Hydrogen as energy storage having the potential to remove the dependence on battery's.

Worth a read:

https://www.sciencedirect.com/science/article/pii/S0360319924025825

AP and the old AEMP team were aiming high and relatively early with the MOU being signed in the Netherlands in 2022 (or 2021) so the steps they have been taking across the Hydrogen, electrolysis, desalination ammonia, solar / wind (in mining) AND the ETANA model have been very identified and incorporated ( AND paid for in raises) into the company. They are being forced to seperate the two due (IMHO) to the (potential failure) Lack of income generation from the O&G side.

They have used the promise of Morroco's ( and now again touting Nambia) success to quietly (or even by stealth and possibley to the cost og

ANCHOIS I.E. not enough drilling or flow testing, to develop the renewables.

1. Did they redirected too much money away

2. Is there more offshore gas than Anchois ( remember Algerian gas is ONshore)

3. What does the data REALLY indicate

4. Will the renewables be a cheap sale to another of Adonis's companies.

Again It cod a change IF there was a decent farm in partner that believed that Anchois is commercial, that there is more gas in Rissana AND ONshore Loukos.

The big problem ALWAYS fall back to my doubts that the O&G team are not good enough and could be seen as deceptive. The share price is at this level because of the massive doubts about the company's leaders.

We keep hoping that it turns out well but that Energean farm in totally done it for me, it revealed either the reality of Chariot data or / and management's abilities. That Energean wanted out and did not forfil its contractual obligations ( and Chariot let them leave) was also imho very revealing.

Keep the positivity Surety, I need it!!! 🤔😁😂

Very best Sft

Good find Surety, it's exactly the project that Chariot and the others are trying to do.

"......As disclosed, the project includes photovoltaic and wind farms, electrolyzers, a green ammonia plant, and supporting infrastructure such as water desalination, energy storage, and logistics for export. The total estimated CAPEX reportedly amounts to $1.5 billion....."

Chariot is basically out of the running as usual...because its never generated ANY income.

If we actually look at Hyxxxx they are very well established

https://www.hynfra.com/

The AEMP purchase with LAURENT COCHE and BENOIT GARRIVIER in 2021 was defined instigated by AP with the sales pitch to the two owners giving them cash to develop there ideas and enhanced by APs mining contacts.

IMHO, I do not think TotalEnergies are intrested in Chariot they have no USP, none of there "pillars" are developed or proven to be viable either commercially or operationally.

They are in desperate need of a single success, but they need more than one to sustain the company.

I belive their credibility is, as the share price reflects, in tatters.

Let's hope we do have a buyer who has the inside info.

GLA.

Rgds Sft

Hey Surety, I agree and good reasoning.

Lets hope this unsolicited approach was actually a previous potential farm in partner that they passed over for the bigger Energean gamble.

If that's the case the financial support may not be required.

It would be ideal if it was a mid tier operator like Kistos Energy 🤔

Rgds Sft

Cheers Jt,

Good on your reminder about not necessarily using Tier 1 companies.

It going to be interesting to see how they try and structure the offshore development.

So the very first thing is to drill and test a new production well.

Will they gamble and try for another well also??

They have completed and recived the Environmental Impact Assessment Approval received for Anchois

Date 31 Oct 2023, this is valud for 5yrs.

https://www.lse.co.uk/rns/CHAR/eia-approval-received-for-anchois-0zuwvno8vsytet6.html

The Completion of Engineering and Design for Morocco Offshore Gas Development Project was issued in March 2023 (worth a reread)

Intrestingly it had 3 producer wells Identified and no mention of Anchois 1 being unusable? Lends to my thoughts that Energean identified this issue or a new drilling/well Engineer.

https://www.lse.co.uk/rns/CHAR/anchois-engineering-and-design-update-bhleu7ujn8hp7q5.html

So the first issue is to get the new drill (A4?) probabley leave A1 as temporarily abandoned, maybe dri an A5 risky but if the data is VERY VERY good they might risk another.

Only after that can the REALLY close out FEED and consideration FID.

MAY be, as it's only two subsea wells, no offshore facilities and using Schlumberger to build and run the onshore CPF, they MIGHT be granted permission for production. Pretty sure it would not be possible in the North Sea, but its Africa and if it worked it would elevate Chariots O&G status?

Will be interesting to see if they can pull it of, onshore would have been a lot easier but it may not carry enough gas to keep them going...who knows they have not said of course.

Rgds Sft

Okay Fernan, thank you, is that for onshore wells. I was thinking more of offshore facilities, but its a valid point I.e. too much North Sea thinking maybe but offshore ops have a magnitude of increased risk.

Rgds Sft