Member Info for wizzard

With a project this size and so important to the EU and to the country I would be very surprised if we are the only one that are looking at green hydrogen projects in the country!

So difficult to put any value on the project untill the tender has gone out and we have won the project!

114000*.088= £10k……..

a weeks wages for some of the directors

The end says , planning on the signature of rig 101.

Every report says it has been signed……

Predator says in one of their statements that they are competing with char to get the rig 101 signed…

I interpret that as the negotiation are still going.

A bit misleading

I think they have only them selves to blame, so myself for not thinking through the consequences, for not having done flow tests!

Not having done these test they have left open question marks regarding how quick , and capex we need for a substantial flow rate!

Hence the price of the extra 10% is relative high compared to the first 45%.

Unfortunately I was not available for the question time but having listened to it, it seems there was no question raised regarding the 37.5% give away for the further resanna license and how this will be funded and in the future!

Do we need several years of cash flow first to be able to support this project.

Ap mentioned something about giving money back to the shareholders but looking at his history of timelines that doesn’t bode well!

Ask if there was an offer made for the whole company, he said yes, unfortunately there was no indication of a valuation (share price!). The offer would also not been a real offer since that would have been subject to rns…..

Still holding and hoping that the onshore drills come in and we get an income stream since the money we get from the deal is really not that great, that will have run out before 2026……

After that, I believe the news of the flow rates and then the FID will be the catalyst for the share price.

For now, hopefully it steadies ……

2024 is the new 2023 for Chars timeline keeping and promising…..

“So far, Morocco has not in any way threatened to break ties, or anything else. But there is concern, and these are uneasy times across the Middle East and North Africa,”

Relationship “icy”

Maybe the market is not happy with the political background from the chosen partner……

@ surfit

https://www.hebrewenergy.com/energy-conversion-table-conversion-calculator-energy-calculator-one-bcm-of-natural-gas-one-billion-cubic-meters-of-gas-convert-1-bcm-of-gas-conversion-of-gas/

I would hope we get more then 20% on news…..

20% would only bring us to 18p , the price of the last raise…..hmm

And that is good news?

How do you read the chart nordell!

You have been twice , that I remember, absolutely spot on with the overbuying predictions , charts, on the spikes after news.

So interested in your opinion

Thanks doodle 8

Any new notes from research tree? I can't open the article they just posted

Https://www.euronews.com/2023/10/30/european-gas-prices-soar-after-egypt-reports-zero-imports

So we are getting there....

What percentage will we be left with?

How much cash will we get?

Value of discovered gas and what price to put on future findings?

What share of exploration /capex do we have to pay?

Opening 20% down in the morning due to the horrible events in Morocco??

Horrible news for morocco

How much more dilution is required to drill for those prospects? They might drill further in anchois...... Where does the money come from??

Hopefully a farm out (which is also a dilution... 🤔) but hopefully no more share issues. Not a fan of 1 billion shares in use.....

Https://www.telegraph.co.uk/business/2023/09/08/ftse-100-markets-live-news-wind-farm-energy-contracts/

I did go last year.

Lovely hotel and area. Great wine and finger food.

The atmosphere was buoyant, the boys were on the drums, the presentation was slick. They were all very approachable and easy to chat to.

Loose promises were made, gas deal imminent, construction before end of 2023, other opportunities.... Etc, also a very slick folder with the presentation of the company update. Had a really good feeling when I left

For all these reasons, I have off tomorrow, I won't be going to the agm. Nothing will be new. (unless an unexpected positive rns out tomorrow!). Yes they have worked hard and put more pieces of the puzzle together. It might even adds value in the long run.

I don't want to be fooled by the sales pitch with unrealistic deadline promises.

I am still holding and have high hopes but we need concrete news, rns after rns, instead of promises over a nice glass of wine!!

It all depends how quickly they drill and how much the find.

If the investment needed for this new development is much less then anchois might take even longer to complete since they will spend more on 3d etc..... Positive would be that we have cash flow. So the quicker they get on with these drills the better

So he bought 6% between 14-18 (most likely!). What would he pay for the next 94%.......🤔