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That's a bit of a suprise as last time they were there it made some news?
July 20 2021:
https://www.offshore-energy.biz/borr-rig-kicks-off-kistos-dutch-north-sea-drilling-campaign/
Rather unusual, which rig are they using?
Rgds Sft
I never new that:
https://www.google.co.uk/amp/s/phys.org/news/2022-09-dinosaurs-survived-co2-extremely-high.amp
Very interesting, rate of change seems to be important. Still it's population growth that is the real issue....just throwing my hat in the ring (-:
GLA
Rgds Sft
They may not have declared, if so it's a fine by FCA.
https://www.shorttracker.co.uk/company/GG00B2R9PM06/
Rgds Sft
I think it's good to have people speculations/ ideas on the current drop.
I have previously stressed the concern of the sp retrench just prior to the last fund raise and also just before the directors share allocation (reported via simpley wall st as an addtional 50.5% added, hence no subsequent raise to the HOPED/speculated 30p post CPR rns).
I remain in, I have to now and based on the avaible information distributed via CHARs RNS's it a damn good project.
It is a bit academic as I presume due to the information why would any one of us sell, if there is bad news released the it would compound my conspiracy theory that there's some one with inside information acting on it. If it transpires we are in for bad news then it would firm up my paranoia and would think that its reportable to the FCA?
I do also ponder again who is selling as would a single large holder changing their position trigger a TR-1 notification? Thoughts anyone?
We have a lot of shares out there, could there be a relocation I.e. 20:1 getting considered....happened with Harbour energy and us RT investors are still suffering from that unexpected and discussed (by HBR BOD).
Still all speculation maybe the Russian investors need their cash back (-:)
It will all come out in the wash soon enough.
All the best folks
Rgds Sft
Good conversations and excellent points made gents even dare I say by the eccentric.
The project, timings and product is VERY good and we should continue to reinforce that investors exiting due to overall market concerns (may be some experience learnt from covid crash) is probable a more realistic senario than others; including my conspiracy theories, but it sticks with me a bit although fully recognise maybe I am seeing Elvis's face in tea leaves.
We have NO shorts against us (short tracker i.e. >0.5%), which is a good indicator.
I have been greedy but on the climb up from at and +12p. I am ex RKH /PMO they kept us "hanging" for years so am a bit wary of averaging /adding down the rabbit hole.
The BoD I am sure will not be rushed but I would hope (and be miffed/ nervous/concerned) if there is no up date (even if its an interview) at least before the new year.
All the best Sft
Hi KB, I appreciate its just my opinion but I am trying to find root cause on events. As I say; I may be way off. but a continued and gradual drop prior to recent funding announcements triggered my interest.
Note: There was NO SP rise ahead of the significant Gas Discovery at Anchois-2 Well. Mon, 10th Jan 2022 07:00 RNS Number : 8860X but there is (imo) some support for such concerns after.
Or it may just be coincidence and part of the ebb and flow as a result of a company raising funds when there is no income? After all these trading companies have been doing this professionally for quite a while.
Still to raise it is to get it considered. I will be interested to see if/when buyers start creeping back in?
Best Rgds Sft
What COULD be worth considering is apart from the complete drop off of new investors is
1. Who can be selling at these current levels, having not been this low since April 22? Obviously some one with significantly lower average i.e. before the post drill notification of results
2. They must have a significant amount of share holdings AND the % change is not that much i.e. <3% as it would have trigger a notification (TR-1) of change of holdings ?
3. We are getting regularly traded by a broker as indicated by the Automated Execution, possibly also supported with larger sell under the Ordinary trade
4. As per chariots Web site
Hargreaves Lansdown Asset Management 14.6% Interactive Investor 12.3%
Westward Investments
(Adonis Pouroulis Acting CEO) 9.1%
Total Board and Senior Management 9.6%
Note: Adonis Pouroulis has 9.13% under this management section
Halifax Share Dealing 4.9 %
Barclays Wealth 3.9 %
AJ Bell Securities 3.2%
https://www.chariotenergygroup.com/investor-centre/aim-rule-26/
So that's 47.6% accounted for and 52.4% not
Note: The Simple Wall Street report had 75% in "Retail Ownership" not sure how valid that is after recent and significant share issues
So the question is WHO
5. Final question is WHY
A. Walking the share down in a period of no news will be get announced for a "known" (insider)
B. "suspected" risky considering FEED can be announced any time
C. Profit taking : why when this is a very good investment. Possibley cash needed else where?
Still I revert to the drop off in new investors.....if 75% (or less post new shares) are retail then that us all sitting on them and it's possible one of the others Hargreaves or ( my guess) Westwood?
This I.o could get walked down a bit but will start to climb again a month before a pertinent RNS is announced.
I realise I may be way off but it's intresting to put it out there and see what happens.
I do genuinely belive someone is getting too accurate information and timings.
GLA
Rgds Sft
Hey Jim and BDC, I have been looking at IOG and looking at daily production (although having a few issues at present), confirmed reserves and possible reserves (2P/3P and 2C?) share price, shares issued and cash reserves /revenue and is it a worth comparison to CHAR??
AS we can see what IOG actual peak share price was and current share price is
Is there any value in comparing developement to production time lines also?
Thoughts?
Best regds Sft
Thank you BDC, you read my mind on the non recourse debt....was Googling that, as I did not understand what that entailed. Thank you for the explanation.
Can the banks sell on the debt and the non recourse aspect together ????or are they more tied in ...Still shivering over ARCM (bought a good % of debt from a creditor/ban, then shorted on the company as a cover) and what was done with Premier Oil.....brrrrrr
Again thank you for info.
Rgds Sft
Good reminder, thank you BDC.
Intresting on re-listening to that and reminding fully funded to FEED, wonder what the "We are going to be smart about the funding" of the project will entail?
But the reaffirmation about not reducing from core company value/worth is of importance (obviously after the recent significant share dilutions to date).
I think FEED completion looks to be the next RNS as JMW confirms gas sales is "signed" and not just an MOU?
NOTE: A memorandum of understanding (MoU) is a type of agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action.It is often used either in cases where parties do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen's agreement.
Wiki definition
The project looks good, he also reinforces that the infrastructure is simple and been done many times before.....so maybe we will get FEED completed 2022 as initially hope?
Rgds Sft
The potential for CHARs gas development in Morocco are VERY significant as has been reinforced by the quality posts made by Jimmy, Scott, BDC and others.
Parking the addtional work with their ongoing Renewables and Hydrogen projects (of real importance but requiring addtional investments that are not there presently);
1. What do posters think will be the next RNS that we can expect regarding the "the project": FEED completion, farm in partner or signing off a gas supply contract?
As members have identified plant conversions to gas would take some time.
It's looking very interesting with lots of opportunities bot short term and medium/long (Anchois 20 years supply). I would be hoping that at the very least clarity on a time line time on development of Anchois is needed, but appreciate FEED needs to be confirmed completed.
2. I also ask does any one know how long it takes to build a shore based gas CPF as required for Anchois. Only know a bit about Bacton (Norfolk) but that caters for a lot larger supply and 4 separate companys.
Rgds Sft
Had to check in at short tracker to see if any vultures were having a circling: results 0.0% shorts
That it remains a 0% gives some additional confidence.
Although caveat: "We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero"
https://www.shorttracker.co.uk/company/GG00B2R9PM06/