Member Info for Zahrab4b

Jimmy,

Chariot states on their website, "High-quality reservoir properties mean producer wells can produce gas at high rates, reducing the associated drilling and completion costs and subsea complexity."

With this being the case, what are the odds that the flow test would disappoint?

The good news is that regardless of what ENOG says, it is in their best interest to fast-track this development.

'Early analysis' in the key wording.

This is different to what was said for OBA1.

Jimmy,

The same journalist previously reported the success at the OBA-1 well and cited the correct details (70 m):

https://en.yabiladi.com/articles/details/150195/chariot-announces-discovery-morocco-well.html

In her latest article, she refers specifically to the success with Anchois-3 and cites the 200 m.

https://en.yabiladi.com/articles/details/154068/chariot-makes-discovery-morocco-anchois-3.html

I wonder where she got the 200m quote from....

Chariot said that «the early analysis of the well confirms the presence of reservoirs over an interval of approximately 200 meters gross thickness», adding that further detailed work will be required to understand the impact of these results.

...More : https://en.yabiladi.com/articles/details/154068/chariot-makes-discovery-morocco-anchois-3.html

Give it a rest legalwolf.

MM bidding for significant volume

Now 20%

Leaky

Jimmy and Surfit

Enog CEO did not cite flow test as a risk and CHAR state the following on their website:

'High quality reservoir properties that mean producer wells can produce gas at high rates, reducing the associated drilling and completion costs and subsea complexity.'

Excellent post.

For those loading up/averaging down now , 15p-20p would be very nice indeed

I wont surprised to see swift move back to 6.5p!

I suspect AP is also ruthless

As he owns almost 10% of CHAR, he is aligned to shareholders and wont let ENOG squeeze him.

Primary energy demand in Morocco has doubled since the year 2000 and is forecast to double again from 2015 to 2030. In terms of power generation, imported fossil fuels dominate, with Morocco relying on imports for over 90% of its primary energy needs. The Moroccan government has been working on policies designed to improve security of supply, to provide industries access to cleaner energy at a low cost, and to minimise the environmental impact of its energy mix. As part of this process, gas has been a major factor in its vision, including the construction of further power infrastructure.

There is been no public update since Sept 11th, which was 3 weeks into a 2 month operation.

Last public updates:

ENOG - recording below

CHAR - RNS

Based on what was disclosed:

Pilot hole, Footwall - water bearing

Main borehole, B sands - gas bearing

Main borehole, c, m and n flank - not yet drilled

All is to play for, including the upside (north flank at 213 bcf is larger than the footwall at 170 bcf) - the massive drop is not warranted.

Well, according to ENOG CEO, the commerciality is about the GAS price with the Morocco GOV.

Interestingly, he did not cite flow rates.....

'commerciality, or not, comes down to the gas price for this develpment'

https://drive.google.com/file/d/1M6WvdNz75s72l3NdVwu4kGNgNVHyP-M0/view?usp=drivesdk

Thanks for for sharing the audio.

He has been misquoted in that fraud article. 'gas is there and FID will depend on the Morocco Gov giving us a good deal on the gas price' is what is said!

CHAR 40M mc is a joke considering they sit on +600bcf of 2c resource.

As announced on Aug 20th, Anchois-3 drilling and flow testing operations are expected to take approximately two months.

We are not even 1 month in and clearly some major manipulation is underway.

Holding tight

Thebold

Agree, CEO is ruthless. But he admitted Gas Is there and its now down to Morocco to play ball.

Market cap for char wayyyyyyy too low