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Should there also be "interest" on the lack of conformation on what currancy is being utilised for gas payments? Could that have an impact on financial partners and or farm in partners?
I would of thought they would have said $ straight away.....but they did include it in the QnA so may be not a big deal?
Rgds Sft

Well presented webcast.
Although nothing new, I think it was a good exercise in reassurance.
Main reassurances I needed was no further share dilution, lots interested parties both investment and or farm in. The confirmed (non) slip on FEED was expected they have added and scale-up a some what.
So FID and farming in or financing all remain dependent on getting that contract(s) signed and as another poster just said that is going to be tricky, the up supply to Morroco has been given up but may be a better rate? There could be a sliding scale but future supply with out Russia being in the mix is obviously going to remain strained....$15 would be a good and reasonable long term expectation (imo).
By the way REALLY good question / ask on dollars or local currency (weldone who asked that) THAT was intresting.....no clear conformation....very INTRESTING and IMPORTANT.
Rgds Sft

Your no better

Spain opts to transport hydrogen instead of gas via Barcelona-M****ille subsea pipeline as it eyes

https://www.offshore-energy.biz/spain-opts-to-transport-hydrogen-instead-of-gas-via-barcelona-m****ille-subsea-pipeline-as-it-eyes-eu-funding/?utm_source=offshoreenergytoday&utm_medium=email&utm_campaign=newsletter_2022-12-12

Another indicator of where we are heading, now can Chariot get a slice of the pie, or will CHAR find a part of another of AP's pie?
We need to see real financing on EACH arm of the business and a signed contract for the gas part please
Rgds Sft

Latest increase on declared shorts was 1st December:
https://shorttracker.co.uk/company/GB00BMBVGQ36/
I agree this SP is a shocker, and does appear that some *companies belive that even at 318p (1st December) they are prepared to increase thier position although only by a further 0.11%: *Taconic Capital Advisors UK LL up to 1.85%

Intresting to know if HBR has used the massive tax credit they inherited from PMO?
HBR management have not managed to gain share investor confidence or support BUT how much of that can be due to the move from out of fossil fuel especially oil (yes the have good gas weight) centric companies.
May be they should be promoting the carbon capture project, but with no renewables energy transfer plan, who are the ii's buying in not the pension funds at a guess?
Rgds Sft

That document is quite illuminating: especially the
Reasoning:
"2. WHY IS THE COMPANY PROPOSING THE SCHEME?:(1) The identification and exploration of oil and natural gas fields, primarily in North-West Europe, through acquisition or exploration; (2) the drilling of appraisal wells to assess the viability of oil and natural gas discoveries, and the development of infrastructure and assets needed for viable commercial production; (3) the progression of development assets into oil and gas production from our operated licences in a safe, responsible and sustainable manner; and (4)........... "

Points 1, 2 and 3 set the future intentions for Kistos in that there looks to be, due to the lack of working assets for sale, a lot more drilling /exploration. Now this is a step change to the old rock rose and new Kistos team previous ethos.
As we know with previous poor drilling results from Q11-B, poor pre drilling appraisal and geotechnical survey data interpretation can be VERY expensive. So AA has hopefully recruited a better data analyst team than he used for the last project.
It's just got a bit more "intresting", and now we know where some of the cash headed, still need some for the TotalEnergies-operated Glendronach development, if that gets sactioned.
Exploration drilling
Wonder if he has a block in mind, will it be virgin, post 2d or 3d survey or partnering with another operator to develop a hub?
Rgds Sft

Hey NewKOTB, that's perfect. Many thanks for real assistance.

Best Rgds Sft

I had looked could not find anything. Do you have a link to the detail and explanations?
Rgds Sft

Hey Jimmy, I take it you have already submitted your questions for the webcast? I submitted 5 but do not expect them or all of our (investors) questions to get answered, but hopefully they do look at them and answer a reasonable spread.
Rgds Sft

Ferret: 1,259 posts all irrelevant, it does make you smile, he has no idea that he is this bb's parasite?
And now the little fella is throwing a tantrum because there is no RNS, ahhhhhhhh.

The board have put it to the voting share holders but has anyone found the location where the Company (Kistos) detail what / why it's being implemented?
Rgds Sft

Pantheon Resources Plc seems to have captured investors attention and support
Shares in Issue 809m
Market Cap. £785m
Market Size 15,000
Share price 97.00p

We just need to attract the same support. Something is still holding this back, is it the location putting off the US investors?? Is it the finance history of AP? Is it lack of finance structure detailing renewables development or just the pre contract and FEED costs/timeline conformations???
Still none the wiser when gas is the go to fossil fuel.
I too suspect there will a delay on the required RNSs that we need: Q1 2023
GLA
Rgds Sft

Hi Jimmy the full reports (Simpley Wall Street) has been consistently indicating such over several month/new reports.
I think the full report does contain "interesting" information purley for statistical data and analysis. As before I am not sure how they compile the data or how respected their analysis is?
https://simplywall.st/stocks/gb/energy/aim-char/chariot-shares
Several reports can be obtained free each month.
Rgds Sft

Hi RS5,
Well we do know that as per RNS and board comments the latest fund raise was to take us to FEED completion only. So that's the end of the cash runway.
Then we need more money.
How that money is raised is hoped to be either through debt financing (SocGen's job) or farm in or combination of both.
I am going to discount further fund raising through share offering as I am "assuming" the BoDs know they have squeezed out all the available juice from that particular lemon. i.e. CHAR has sufficiently desrisked (drilling and FEED) the project to realistic levels to attract the above financing paths.
IMO
Rgds Sft

Hello BRV, thank you for publishing.
Due to lack of news and explanations (i.e. new finance structure) from the BoDs it a particularly intresting and informative report/analysis from a investor.
Appreciated.
Rgds Sft

Also intresting artical in the Times regarding Peel Hunt's profits down 96% this year due to loss of revenues. Seem CHARs board also saw they were not delivering as expected also. Does indicate the BoDs despite being extremely busy in the Anchois project, and the renewables and Hydrogen arms but look to be paying attention to the share performance (and maybe its (imo) suspect timely drops) and have reacted accordingly. Weldone to the person(s) responsible for that change!
It does appear we have been lacking ii intrest and if not gathering US investors we must if promoted correctly to European Fund managers who will be clearly seeing every day the impact of high gas prices, supply shortages and the investment opportunity to investing in CHARs green arm (with high net worth partners).
Will be interesting to see if Stifel can not only sell the gas project but also CHARs green plans.
They must be telling investors this is a bargain early entry pre FEED and FID which will produce forecasteable and estimable short term returns to CHAR but longer term opportunities in the green market (if the company Hydrogen and renewables business plan stands up to financial scrutiny).
Will be intresting to see if we start to see a steady and consistent climb as Stiffel may be able to obtain or estimate project timelines better than us retail/individual investors???
Note: remember (according to Simple Wall St latest report) 75% of share in issue remain in private investor ownership????....that seem a heck of a lot?
Rgds Sft

08:50 and not a single share purchased...you do have a point.
Rgds Sft

Cheers Jimmy, although after listening to interviews (eg. Tony Durrent premier days for example) I always feel "more" assured once its signed, sealed and delivered. But I am a suspicious chap: and your never on your way home until the flight has taken off or paid until the monies in the bank (-:
But that "leaked" artical you found (really impressed) was a very very good find and filled me with decent confidences.
I think the sp may be starting to reflect? ..once the number of buy trades start steadily climbing, will feel even better.
Wonder if my suspicions (maybe unfounded of course) of a leaks has been closed out by the removal of Peel Hunt?
Kind rgds Sft

Hi Trends, not sure if you can say "Chariot is financed by Société Générale"

REF RNS 3384J Chariot Limited 26 April 2022
"Societe Generale, London Branch to the role of financial ADVISOR to DEVELOP debt funding OPTIONS for the Anchois gas development."

That how I read the role from the RNS, so project financing, debt type, terms, duration and whom /how is (imo) important and still very much an unknown?

Rgds Sft

It will be very interesting to see who comes out on top? Both have significant interests in the region.
I still prefer TotalEnergies (strategic partnering /renewables/deeper pockets) but having 2 (or more) interested parties must help.
Very foolish (IMO) if CHAR go it alone, very: partnering derisks, with out looking back AGAIN through all issued comments has anyone seen a statement saying Chariot will be the "Field Operator" yet. I do not think that has been stated. I think they did state that Subsea7 or/and Schlumberger were going to operate or run the operation initially SO that MAY indicate that they intend or COULD go it alone, could be a negotiation tactics also????..a few variables.

Remember any partnering has to go through governmental approval first, so any existing "in country" operator partner would have a timeline and established business, goverment, enviromental advantage.
1. Going it alone: Bonds (hope note) or loans or ???????
2. Total Energies
3. Repsol
Question:
1. Would partnering be required before FID. Only if Char are decide NOT to go it alone. FID hopped to be Q1 2023. So there are certain timelines to meet. Post FEED/Contracts conformation?
2. Could they be trying to self finance Anchois BUT farm out the rest of Lixus? Another derisk, but not sure if the bigger operators would go for it. IMO: No, they would need a better deal.
All very intresting to see how speculations pans out.
NO further share dilution I know THAT!
Rgds Sft