Company
LON:CHAR
Chariot is an Africa focused energy group with two core business streams: Upstream Oil and Gas and Renewable Power. Chariot’s Upstream Oil and Gas pillar is focused on building out a full value chain growth business within Africa. Alongside securing a footprint in Angola, Chariot holds a diverse portfolio in Morocco and is pursuing a range of new ventures across production, development and exploration opportunities. Chariot’s Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent. Chariot is also continuing to advance its green hydrogen asset, Project Nour in Mauritania.
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06 September 2022*A corporate client of Hybridan LLP** Arranged by most recent first*** Alphabetically arrangedDish of the dayJoiners:No joiners today.Leavers:No leavers today.What’s cooking in the IPO kitchen?**Aurrigo Group plc, a interna
The GME pipeline runs from eastern Morocco to Spain
The JV builds on its growing portfolio of renewable energy/mine site clean power deals across Africa.
The pair said they may also evaluate further green hydrogen opportunities together in other African countries
“These resource upgrades across our Moroccan portfolio are a significant step forward," said technical director Duncan Wallace
The group updated the market alongside its annual results
Chariot is managing the additional FEED scopes required for the development
Chariot has raised a total of US$29.5mln through the fundraising
With the country offering a "unique" combination of wind and solar conditions, the project aims to install up to 10 GW of hydrogen electrolysis
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WTI $109.59 -$2.81, Brent $109.11 -$2.82, Diff + 48c, USNG $8.37 +7cUKNG 178.0p -6.95p (June), TTF €93.5 -€3.6Oil priceOil fell as Covid in China re-emerged in various places including Beijing but to me the risk in China is undoubtedly the
"We are focused on bringing the Anchois development into production and fast tracking towards generating material cashflows as quickly as possible," said acting CEO Adonis Pouroulis
Peel Hunt repeated a ‘buy’ recommendation and a 35p price target.
The aim is for Mauritania to become one of the world's main producers and exporters of green hydrogen
“Our ambition is to bring the Anchois gas development online quickly, to fuel Morocco's economic growth," said Adonis Pouroulis
With a price target of 35p, stockbroker Peel Hunt sees Chariot rising substantially from its current price of 11.3p.
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Oil price, Chariot, Eco Atlantic. And finally…WTI $104.70 +$1.72, Brent $107.93 +$1.29, Diff -$3.23 -43c, NG $4.86 -13c, UKNG 230.0p -26.3pOil priceFriday’s rally has continued today and the weeks loss of just under 5 bucks is already overt
"We are very excited to be partnering with FQM and Total Eren on this ground-breaking 430 MW project in Zambia"
"We are delighted to have been formally awarded the Rissana licence,” said Adonis Pouroulis, Chariot’s acting chief executive.
"This is a great outcome for Chariot's Transitional Power division", says Benoit Garrivier
“Our ambition is to bring the Anchois gas development online as quickly as possible," said Adonis Pouroulis.
