Member Info for Wiggly

They can fund the purchase of a producing asset if they sell down Anchois or even Ob1

..

Massive increases from Julian and Duncan..

Stronger now.

Decent strength today. Expecting plus 3p by end of June

Https://oilprice.com/Latest-Energy-News/World-News/TotalEnergies-to-Spend-30-of-Capex-on-Power-Business.html

Harry wrote:

10% for nothing…but then cash-called out of it when Exxon starts spending big bucks.

Your posts are starting to get desperate. If CHAR secures 10% and XOM has an exciting drilling plan, the market will also be very excited, and we won't be trading at a 20m MC. In addition, CHAR can farm down further on the 10%.

Isn't the data CHAR has from the drills and seismic highly valuable to anyone interested in exploring these blocks?

Chariot at £20m is hugely undervalued. A successful farm-out of Anchois (250–300 bcf) could unlock £100–150m+ value alone. Add renewables/hydrogen optionality worth £50–75m, and it’s easy to see a path to £200m+ market cap. A 10x rerate is realistic if funding lands and execution follows

So the plan is to find someone ready to pay for 100% of the investment to buy a producing asset

No, it means someone will farm in to Onshore and/or Offshore, and will pay Char xxm to do so. Char will then use that XXm to farm into a producing asset.

See recent comments re Onshore. It is clear this is where the cash is coming from:

Chariot has also continued with its interpretation and analysis of re-processed 2D and 3D seismic data which, due to significant improvements in seismic imaging, has revealed larger and higher volume targets within the block. Over 100 Bcf of resource potential have now been identified and the team have described multiple drilling and testing opportunities, within both existing gas discoveries as well as new opportunities. The forward plan is to attract investment through a partner to allow the execution of a multi-well programme which could secure sufficient resources to allow for a meaningful development

Adonis says we will have production within 12 months.

Exciting update. I am positive about what is to come.

'I want to stress, We found gas! '

Harry, what's your motive ?

I think we will see a big move leading to and post AGM

Back to 4-5p by Summer.

Chunky buys into close

Surety

With financials due next week, you'd have to think very, very advanced!

Makes sense, Whimax.

Bid very strong now. Lots of high impact news flow to look forward to.

Offshore Morocco

Onshore Morocco

Etana

Namibia

Demerger

All imminent

Payback of

The commercial fundamentals of a revised development remain solid due to the robust gas market fundamentals in Morocco, with strong gas demand, gas prices and excellent fiscal terms. We estimate that a c300Bcf development with a 70MMscf/d production plateau and a gas price of US$10/Mcf could generate a NPV10 of >US$500m, an annualised FCF of >US$150m and project payback of