Member Info for Zahrab4b

I decided to put both feet in pre drill (placing price).

Is there risk? Yes.

Is there a real possibility to 10bag from 6.5p? Yes!

CHAR

Following my ENOG-gin article I realised the weight of purpose behind ENOG and how they need for Morocco to work, and how Chariot stands to benefit from that heavyweight’s expertise and cash.

20th August was the start of drilling at Anchois and it is a 2 month programme.

12th August was the completion of CHAR’s $9m fundraise.

I realised the price had slipped below 6.5p (6.44p) last week so added here.

Assuming a reasonable degree of success at its onshore (Loukos), offshore (Anchois), its Royalty, the Dividend (and this assumes ENOG buy a further 10% interest in Lixos/Rissana), plus other revenue generators leads to a $39m (£29m) net profit for CHAR, whose market cap is just £76m.

I pondered the shall I/shan’t I in my prior article, well the toe has slipped forward to become a foot in CHAR. Will I get my toes burned? Or should I sit back and enjoy the char with some bikkies? Time will tell.

All the way to footwall?

Typo.

Drill status? What is our current best guess on progress?

Best best ?

Bullish move...

Yes, let's keep each other in check!

Nothing much to get excited about today. Maybe next week

Gooner

You are very dramatic. Since when was being 1% down on the day considered collapsing?

Char down 1.8% last 5 days. ENOG (operator) up 9%

?

ENOG UP 9% this week!

Looks like a shake to me

$180m added to MC since Friday

Bbn

if it gets close to that 1Tcf then the asset CHAR holds substantially rises in value and the chances of Energean taking up their 10% or even a buyout grow.

CHAR received several offers to partner on ANCHOIS. Those parties will be all over CHAR if/when the resource is increased

FEED already confirmed commerciality of Anchois. This drill will shape optimisation of the production planning.

FID will come

ENOG had a very strong close today. Added 100m to their market cap since Friday.

Positive

Brent crude down and most oil companies also in the red today but not ENOG.....

In addition to ENOG share price action, the MM was happy to take >800k all day yesterday. I haven't seen the demand for stock being this strong for some time

Positive.

Has ENOG encountered the A sands?

Share price rising rapidly

Keen to offer for over 800k...

Watch this space, something is up

ENOG outperforming sector....