Member Info for Surfit

I assume that all share holders will be exercising their rights and voting for or against the directors actions.

It will be intresting to see what options are being made avaible to share holders.

Do most posters on here have the ability through there stock holding platform to vote electronically?

You have to check as it's all happening rather quickly. As per the dates detailed on RNS.

Rgds Sft

The accounting would reveal this surely as well as the independent auditors?

Rgds Sft

He does not know ObsCure as he is new. What not built in is, the market adding the dilution after the placing. Then if as I have suspected as they are rapping up the number of share to silly levels the rerate and the subsequent share drop following that.

The only way, there can be a increase in share price is if there is firm conformation of income generation.

Which is something the OnG side has found impossible, why did the share price drop after the farm in. AP told us he did not know (terrible farm in deal) , that and not worrying if A3 finds gas, really does reflect the CEO's knowledge base or ability to Tel the truth. The market has agreed.

So Oiltdr you got a invite in before RNS, in what capacity Retail Investor?

As previously us private investors might as well wait for the post dilution effect to pick shares sub 1.4p? Or will there be ground breaking news 🤷‍♂️

Rgds Sft

Wiggly I appreciate you came in rather late to the party and have bought in at

Wiggly I appreciate you came in rather late to the party and have bought in at

Shares in Issue 1.20b

Market Cap. £16.21m

Market Size 300,000

PE Ratio -0.861042

Earnings -1.567867

Dividend 0.00

Yield 0.00%

Further dilution of the company due to share placing, stripping the Hydrogen and Renewables for a token price, so it's not tarred or brought down by a failed OnG company 🤔

IMO this is pure theft and deception happening right before your eyes.

Rgds Sft

Well that certainly closes the book on wondering how good they are on protecting themselves in contracts.

Chariot management continue to suprise me on thier levels of deception and theft.

What NOW concerns me are the comments:

"Strengthen the balance sheet to execute the updated strategy and enable management to demerge the Renewable Power pillar in order to realise value and allow further growth of both businesses"

Are they going to asset strip out the renewables pillars and leave the company with a worthless OnG company after they have used investors cash to build it?

YOU can bet who ever they sell the renewables to AP or one of his companies will be the buyer.

Rgds Sft

Hey Surety, if we're waiting on Nambia , we really are in trouble.

Rgds Sft

Hey Fernan, yes their allocation of funds was not ALL put to what was sold to those buying into the share placing, but they covered that within the "Small print wording" in the RNS raise wording. They are very good at creating an impression but you have to scrutinise the wording to TRY and find the truth.

I was hoping that, via farmee penalties (from your research on the matter) that they DID secure some form of punitive recompense (it would restore a mediocrity of faith, that the OnG team protected themselve, I just do not think they are that good) or its back to the usual farm in or consortium/ bonds OR something arraged by AP again in the form of a loan, as was done for the Stena Don drill?

The share price is too low (IMO) to raise against....unless the ( which I have always feared) a share consolidation 30:1 then share place soon after...who would then buy in (on the back of such a history) is another question?

I have run out of guesses now 😂🙄🤷‍♂️

But the CFO "seems" competent , AP knows a lot of people and the Morrocans what gas (if its really there at significant levels). They do seem to being settiing up to invest in importing LNG though now...🤔

Hey Surety, I know they have never been tight-lipped on bad news I.e. leaky ship. But agree they have been bound by Energean until now....as before if Energean bent them over the barrel ( an empty one 😂) and pulled out (AP comments so confuseed me on the June webcast...why say " it does not matter if gas is found" !!!!!!????) let's hope CHAR had some really good protection (T&C's)...and Hammer them for departing!

Doubt it though. All IMHO's

All the best Sft

My feeling is though, there is not even the slightest upward trajectory on the share price presently, so no good news is slipping out or there yet?

Nothing to do but wait and hope.

Rgds Sft

Hey Surety, it would be nice to get a Friday RNS for sure.

Rgds Sft

I agree Wiggly, as pointed out certain aspects in the renewable pillars have moved forward.

It's just until the market believes in Chariot's management and/or the management secure adequate financial security and a income that outstrips the companies expenditure (the noticible bulk going on salaries) then we are going to continue to flounder at penny share levels.

1.2 billion shares in issue and 18yrs of no income is a red flag to all OnG investors now.

Unfortunately that how the market see it, even Malky can not flog it.

Rgds Sft

Hey KnC, it's going to interesting to see how long it takes to secure part financing (Again) i.e similiar to Enog farm in. There has to be a commitment to PROVING the extents and flow rate to any reservoir (as I see it) especially after A3 before any finance group or new partner can proceed for FID/ sanction financing.

In effect we are back to 8th March 2023 when they announced FEED completed (Telling us FEED was completed before (IMO OnG broker Market knew from end March 2022 post well analysis RNS, The farm in then A3 followed what they knew from then) a flow test before then proving the reservoir extents).

Let's hope DW can convince people his data is accurate this time?

Trust is a big issue for this company, still excluding OnG the renewable team might be listened to, depends on if they can build finance a successful reneables/ electrical project in friendly South Africa...its a challenge.

All my musings only.

Best rgds Sft

Thank you for posting KnC, greautly appreciated.

Back to square 1 with Anchois but, they gained some cash, a free drill/ information and used some of the cash to keep afloat, expand the Renewable and Hydrogen pillars.

Very frustrating for income generation or financial security.

Have not been able to find much on Mathios Rigas on what he was saying at the IAE in Paris apart from "invest now"

Chariot did not speak at all, they did in 2024, which is very surprising unless it was all a bit to confrontational/ Awwwwkward with Energean being there OR they are too damn busy...I'm for the later!

It's going to be 3 more years, if every thing goes well for Anchois/Lixus /Rissina getting to production. So the focus has to be the onshore, which will also require more work..say another year to get income, if that goes well also.....as Vivo will probabley demand more drilling onshore before they commit to anything.

So out with the begging bowl, god forbid that they try and operate it (ON or OFFshore themselves), before it was going to be the Subsea Alliance but they abandoned that for the Energean debacle.

We are going to have to hope the managers

LAURENT COCHE Green Hydrogen's CEO (to find Subsidiary Funding) and BENOIT GARRIVIER Transitional Power CEO (subsidiary Funding) both of whom co-founded AEMP before being bought by Chariot.

I am not a fan of trying to sell another go at Nambia, it just shines a light on to the O&G teams 18yrs of failure.

GET MOROCCO DONE DW: No one trusts you!

Rgds Sft

Hey KnC, could you post any of points of intrest from the artical, not signed up (unless it's free 🙄😁)

Rgds Sft

Oh Harry, I think your being overly optimistic again.

Rgds Sft

Hey Shax, I can not disagree with your comments.

For Vivo to commit to such a facility you would need more than 1x onshore untested well. To date we have no flow tested wells ON or Offshore 🙄.

Cash has always been Chariots issue ( not that the directors salaries refect that) but if Chariot has protected itself by punitive costs from a farmee walking away that could generate a flow test for OBA-1 then possibly a resumption of onshore drilling.

The discussions in the RNS may have been put on hold or readjusted or paused due to A3 (if Vivo was looking to combine CPF/CNG? Lots of moving parts that they are maybe triangle to interlock....but with no BIG gas really found.

Lots of if, buts and maybes combined with Chariots Directors frugal supply of information to the full / true picture.

The markets will need pretty big and secure news to trust these guys. 18yrs now and counting 😂

Still I feel (Pray) that having exhausted share placing (1.2 billion shares) the new CFO has got Duncan and AP by the neck and is slowing forcing each pillar to secure its own financing at a "Subsidiary level".

I am guessing that we will get a few RNS's just before the June update?????

All speculations as usual.

Rgds Sft

Gas at OBA-1 was found in May last year (1) and signed an "agreement" with Vivo that June (2) to "set out the next steps for implementing a gas to industry business".

I agree they must be very close to announcing some sort of conclusion to the agreement to discuss the "opportunity" for commercialisation. We then might get a slightly better idea on what is happening onshore. Surety or Jt found an artical advertising the onshore for farm out a while back.

1. https://www.lse.co.uk/rns/CHAR/gas-discovery-at-oba-1-well-406w2ydvrvvbb04.html

2. https://www.lse.co.uk/rns/CHAR/agreement-signed-with-vivo-energy-in-morocco-gywrnbf9x3zlvld.html

Extract: "Chariot intends to sell initial volumes of up to 3 mmscfd to the midstream CNG business under a long-term gas sales agreement from potential future production from Loukos;

· Additionally, Vivo Energy intends to design, fund, construct and operate a "CNG plant" (3) and virtual distribution network to transport natural gas from a number of sources, to existing and new industrial customers in Morocco; and

· Finally, this midstream CNG business would be operated through a special purpose vehicle ("SPV") in which Chariot can participate in up to a 49% interest.

The parties will now look to advance the gas offtake, midstream and other related agreements. Whilst there is no guarantee that this will be turned into fully termed documentation, the parties are progressing with this next stage and further updates will be provided as required"

3. Question could the Vivo CNG (Compressed Natural Gas) plant also the/ a Anchois (Central Processing Facility) ?

Rgds Sft

Ps Renewable Pillars: Our desalination container (Djibouti) does actually generate a reported income of $70,000 per annum.I have not been able to find in the company submissions ss to what it's operating costs are.

It cost us a million to buy the company, if I remember correctly.

Rgds Sft

He Surety its nice to get a mention.

As I see it CPW Global are streets ahead on energy renewable production and experience, I am still looking to see what they have in actual working hydrogen production.

I did previously find they also have the larger acreage in Mauritania.

Chariots advantage as I see it is that they are progressing the electrolysis possibley more than CWP (TBC: further research required).

The negative is Chariot has no working renewable projects at all.....but as we have seen the renewables team have created significant value for Chariot with a very small budget I.e. scraps from the raises (meant to fund the OnG team).

Interestingly CWP have signed an agreement with Djibouti (Green Star Hydrogen Hub) which is where our water desalination container is 🤔🤷

Obviously the other good news is the partnership with TotalEnergies.

As per previous post there are 4 playes out in Mauritania and its on CWP and Chariot that seem to have a real foot print.

Nice find. Thank you for posting.

If the Chariot renewable team can secure funding (I.e. not cost us money) as they did (pulled a bloody big rabbit) in SA with ETANA, for the potential sums that MAY be pumped in, its really significant (IMO).

Chariot just need to have ONE piller actually generating an income. I still feel that market just does not trust them after 17yrs. Maybe the new renewable can do something that the OnG team have never achieved. 🤞

Rgds Sft

There are big