Member Info for Wiggly

Current valuation is crazy.

We are 1 'confirmatory' (very high cos) drill away from FID! Quite possibly huge resource increase also!

And we still have 30% to play with!!!!!

The market should be really excited

Now 11% short. Are these guys nuts or in the know?

Noted Jimmy. What is fair value for the remainder 20%, assuming successful Anchois well and Energean buying the 10%.

Simple calcs

Post successful Anchois well, 10% sold to Energean = $850m to chariot (gross carry).

Chariot remaining 20% of Lixus = $1.7b.

Chariot share price $0.1b.

Quite possible these numbers increase based on further development work/ resource estimate increase.

It's was a good deal as we retained significant % of the asset, for which the value will increase substantially following the Anchois well.

Often overlooked but Chariot has retained a 30% and 37.5% interest in Lixus and Rissana respectively.

Just look at what 10% is worth to Energean:

Following completion of the Anchois well, Energean will have the right to acquire a further 10% of Chariot's equity in the Lixus licence for:

o US$850 million gross development carry to first gas (including the US$85m gross carry)

o US$50 million 5-year zero coupon convertible loan note with a strike price of £20 adjusted down for dividends or issuance of three million Energean shares, at Chariot's option on FID

o 7% royalty payment on Energean's gas production revenues in excess of a base hurdle on the realised gas price (post transportation costs)

All going well, chariot will have 20% of Lixus to play with!

All those other parties can still farm in to chariot 20% at any point. Chariot could completely sell out post lixus well, at may multiples of 10p.

Very exciting weeks coming up!

Re Brent, I see chance of $100 being much much higher than chance of sub $70.

MENA situation is only going to escalate

Hi Sek

Love the workings and really excited about the share price development.

You mentiok that it does depend on Brent.

Can Enquest remove the risk via much higher hedging volume at current market ??

Worrying times. Losing in Ukraine, China policy direction and all kicking off in MENA.

Oil starting to spike.

Definitely a good time to be overweight with Enq!

Up 3% now! Looking good

Sek,

The investment case is very strong.

Target 60p from the current 13.5p. The Risk vs reward compelling.

As you say, ENQ is a very well run company making significant YoY progress.

We are fast reaching a major inflection point on debt reduction.

Great Ceo who was buying big at prices far higher than current MC.

Market has to react soon.

Takeover price estimate?

CEO has skin in the game. What would he accept?

Enquest rising against weak oil.

Leak?

SLIFT,

RE investor taking a stake and/or JV (this will ultimately dilute shareholders by approx 20%)

At current market cap, this is more than factored in. If a strategic JV was announced, resulting in major B/S improvement, I believe the share price would rocket.

35k purchased.

This is timely news. Shorts should be careful.

Sek

Fair value at end of 2024 following a year if oil trading at $80?

Starting to knock on the door!

Anyone?

Perhaps missed it being discussed but who is the new VP, Global Project Management, and what is his focus area?

He was previously project director at ADC Therapeutics and joined Avacta 2 months ago.

Franck S