Member Info for Surfit

Thanks Jt,

Key point from that is of course:

"........renewables............ and the growing role of natural gas as a transition backbone......... and enhanced regional integration with Africa and Europe" AND

"...The role of ONHYM, as a catalyst for hydrocarbon and mining exploration and promotion, AS WELL AS infrastructure development"

Nothing new, but it feels they are leaning towards the two primary points is the renewable ( to aid also in ammonia production) and a key focus on the pipline, understandable but it continues to feel they want to find and develop the local market, but to how much is the key, Chariot need good financing and an operator partner.....

I still ( as ever) feel the first step is seeing some full FLOW/ PRODUCTION testing IS MANDATORY for Anchois ( or lesserly) OBA-1

Rgds Sft

No video of Amina Benkhadra the Director General, ONHYM talks at African energy confrence in paris posted online yet.

Rgds Sft

Hi Marland, I think the consensus is that AP and Chariot are selling the Renewables arm of the business, is it your belief George and Rainbow Rare earth, which I belive AP is also a founder ,or atleast investor director will have a part to play thereafter?

Sincerely Sft

Mina Al Fahal terminal in Oman remains fully OPEN

Mina Al Fahal is critical to Oman’s crude oil exports, handling substantial daily volumes outside the direct bottleneck of the Strait of Hormuz

Last relevant RNS

Blocks 9, 3 and 4 deal: Effective 1 January 2025, this acquisition will increase our reserves to 50 mmboe and is expected to deliver a material uplift in Kistos' production in 2026 to approximately 20,000 boepd.

Will be intresting to find out when the deal will be signed off.

Rgds Sft

Hey Gardie, I like the way your thinking.

I am hoping that we can get to listen to Amina Benkhadra the Director General, ONHYM talk. It might give us a clue on their direction i.e. are they still pausing the building of LNG ports, investment hopefully directed to domestic development as the Nigeria / Senegal / Morrocco / Spain pipeline is developed?

https://www.reuters.com/sustainability/boards-policy-regulation/intergovernmental-deal-25-billion-nigeria-morocco-gas-pipeline-due-this-year-2026-04-13/#:~:text=The%20%E2%80%8Bpipeline%20would%20spur,Eljechtimi;%20Editing%20by%20Chizu%20Nomiyama

A massive project, with the Senegal / Morroco/ spain section looking to get developed first ( subject to FEED, FID/ Sanction)

Best rgds Sft

No Chariot speakers

OHMN, Energean and TotalEnergies ( African Renewables)

Rgds Sft

https://invest-africa-energy.com/attend/speakers-b8ay

The African Energy Conference is soon approaching and I do not see Chariot sending Duncan Wallace over in the list of speakers. We know he attended last year (London that year) and

Amina Benkhadra

Director General, ONHYM – National Office of Hydrocarbons and Mine

Mathios Rigas

Chief Executive Officer, Energean

Christophe Fleurence

Director Business Development Renewables Africa, TotalEnergies

Bl××dy hell Rippers: "........ if you buy them and sell higher" 😯

Wooooo there trigga, that there's getting the cart before tha horse there my fella....😁

Regds Sft ( remains in bunker, with fingers crossed)

For info: Chariots warrents are now fully displayed on my shares platform (interactive investor).

Rgds Sft

Hey KnC, well this time hopefully they have the time to complete securing a loan? 🤔

Rgds Sft

Hello seasaga, I use ii and purchased my allocation of shares for the open offer, in my trading account; having been informed by ii that I could not have warrents into an ISA account.

There is alongside my purchased open offer shares a seperate row, with the warrent ID in the first column, but all other columns remain blank.

Rgds Sft

Hey Gardie, I will actually revise my comment about none of my questions getting answered, 2 were possibly but they were not read out in they way I put them ( or some one else said it more succinctly:

Angola: Share holders are looking for greater clarity on the deal I.e. what about how the repayments are structured, for how long, what will be the NET return less tax and other costs to Chariot, what are the Shell covenants? Answer) Detail to be provided later.

Note: AP did confirm that 4000 boopd is not the cap but based on current 40,000 production...correct?

Q: Why was a bond/ loan not utilised, as the deal us reportedly so good, so as to prevent yet another massive dilution.

A): They did not have the time.

Questions on Anchois production/ Flow testing (or an EWT Estended well test) industry requirement ( Regulatory requirement in the UK ) prior to securing financial backing, effecting farm in I.e. increased risk and must ( I belive) be done before the FID to fully confirm the project viability. Not raised by the invigilator.

Anchois is at least confirmed back to the 2020 2 x we'll senario...and data room getting " enquirie" again.

The Invest in African Energy (IAE) 2026 Forum is on the 23/24 of April, last year was London and nothing came of it.

I get the feeling they are still very much fishing for investors and nothing is close but a revised development and CAPEX may help but the lack of flow test is a risk to farm in and investors IMHO. I really wish they had answered my question on that subject.

Status of the Oort electrolysis pilot project in Morroco and its impact worth to Nour ( also hydrogen orientated): No put forward.

Selling of renewable arm: They are still assessing, but as AP dropped the comment about renewables and G&A costs "once spun off" will be reduced and that lack of discussion on Nour, Oort, sold desalination ( not mentioned, as it was at least a 600k loss + loss on running costs) it's probabley as Surety and others suspect all (+Etana) going to get sold.

Still on the face of what AP is saying the Angolan deal will change thins for the better. Its a way off and as said let's hope nothing goes wrong BUT if it does go through we are now getting paid (in theory 🤔😁)

All IMHO/DYOR

Rgds Sft

Hey Gardie, I submitted 5, none were put forward.

Rgds Sft

"nothing on Angola" sorry should be " Nambia"

Hey Surety what's the bets its going to be sold off to a company like AP other company: Pella https://www.pella-resources.com/about-us/

OR ( more hopefully)

ACWA I.e. the big Saudi company that we have an MoU with?

Good to see Chariot have EVENTUALLY put out some information on Anchois, nothing realistic on Loukos, nothing on Rissina Licence, nothing on Angola, nothing on Morroco and the Oort electrolysis pilot test, no information on Nour.

The market will judge ( SP) directly after this webinar.

Rgds Sft

Hello Gekko22, I am in no way deeply knowledgeble on drilling but they originally intended a Subsea 2x well and 1x manifold. This was later changed to 3 wells.

It is suspected (not known) that 1 well and 1x manifold plus 40km of subsea PL, building a onshore CPF ( Central Processing Facility) and the 35km of onshore interconnecting PL would not be cost effective. This though would depend on A2 PROVEN reservoir data. Which to be honest we have I belive no further data that that what was given out in March 2022? Nor have we had a field plan update on infrastructure or Reservoir pressures or volumes since even after yhe Energean " non commercial" Well A3 which was Plugged and Abandoned (permanently CLOSED).

Neither well A1 or A2 were reported to have completed a full DST ( part only on A2) or a Production Well Flow Test (they did not complete the well for production readiness).

DST (Drill Stem Test) is a temporary, downhole-isolated test used primarily during exploration to evaluate formation pressure, permeability, and fluid samples before casing.

Well Flow Testing (or production testing) is a longer, surface-monitored test performed on completed wells to determine stabilized production rates, reservoir limits, and fluid characteristics.

For reference use the published company RNS's

January 2022 end of drilling A2 drilling and A1 re-entry

Source: chariotenergygroup.com https://share.google/LQ3saVRNwfCt3J1E8

A part DST was completed on A2 nothing reported on the old A1, we are missing clarity.

The March 2022 RNS post well Anlysis :

Source: chariotenergygroup.com https://share.google/fC75KTeN7KnrlDwU0

They do clearly state the A2 gas is DRY

What is also intresting you can read Chariots

CEO AP comments:" Our ambition is to bring the Anchois gas development online quickly, to fuel Morocco’s economic growth, but also to deliver near-term cash flows to our shareholders. We will continue to work on an accelerated field development plan, for the benefit of all stakeholders.”

This was back in March 2022!

I am not quite as negative as HC, who seems to have lost quite a bit of cash ( as we all have) and is no longer invested in Chariot but likes to consistently post on here ( click on his posting history).

All the best Sft

Very interesting find BalancedViewer, thank you for posting, passed onto the CHAR bb.

Rgds Sft

Intresting artical posted on the SOU bb (Courtesy of BalancedViewer).

"Morocco’s decision earlier this year to pause elements of its long-anticipated LNG import strategy marks less a delay than a strategic reset – one that reflects both shifting global market dynamics and a more pragmatic approach to infrastructure development......."

The rest of the artical is very much worth a read:

https://invest-africa-energy.com/news/morocco-gas-plan-reset-open-door-new-investment-models

Rgds Sft

Thank you PtP

Rgds Sft

The prices seem really low! But is that US domestic gas prices, how can Retuers be quoting $9, PP do you know of a site that gives graphs, no wonder Anchois is struggling to find partners at these prices, we will never meet offshore Capex costs?

Rgds Sft