Latest news with #AdonisPouroulis
Yahoo
3 days ago
- Business
- Yahoo
Chariot Insiders Placed Bullish Bets Worth US$569.1k
Multiple insiders secured a larger position in Chariot Limited (LON:CHAR) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects. Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. The Co-Founder Adonis Pouroulis made the biggest insider purchase in the last 12 months. That single transaction was for UK£503k worth of shares at a price of UK£0.065 each. That means that even when the share price was higher than UK£0.014 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels. Happily, we note that in the last year insiders paid UK£569k for 8.83m shares. But insiders sold 105.94k shares worth UK£2.2k. In total, Chariot insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! View our latest analysis for Chariot There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 11% of Chariot shares, worth about UK£2.6m, according to our data. However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership. It doesn't really mean much that no insider has traded Chariot shares in the last quarter. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think Chariot insiders are doubting the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 6 warning signs for Chariot (of which 3 can't be ignored!) you should know about. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Chariot regains 75% interest in two Moroccan offshore licences
Chariot, the Africa-focused transitional energy group, has regained operatorship and a 75% working interest in the Lixus Offshore and Rissana Offshore licences in Morocco. This development comes after Energean completed the transfer of its subsidiary, which held a 45% and 37.5% interest in the respective licences. The Anchois gas field, situated within the Lixus Offshore licence, has seen three wells drilled to date. The completion of the Anchois-3 well in September 2024 did not yield the additional volumes anticipated for the expansion of the Anchois development. However, the appraisal revealed multiple high-quality gas-bearing reservoirs. With the operatorship now restored, Chariot is set to advance the licence work programmes in collaboration with ONHYM, the national hydrocarbons and mines office of Morocco, which retains a 25% stake. The partnership will re-evaluate and adjust the Anchois development plan in line with the resources discovered. Chariot CEO Adonis Pouroulis said: 'We are pleased to have completed the transfer of these licences and regained operatorship as we see material value within our diversified Moroccan position, both offshore and onshore. The Anchois gas discovery still offers the potential for a rescaled development and our next steps are to scope this based on the core resources found in the three wells underpinned by our previous work on engineering design, environmental and regulatory approvals, project financing and gas sales. 'Gas market fundamentals in Morocco are robust with strong gas demand and excellent fiscal terms and we will look to work with all stakeholders, including our partner ONHYM and the Ministry of Energy Transition and Sustainable Development, to advance these important domestic projects.' Chariot's commitment extends to exploring the further potential of the Lixus and Rissana licence areas, with updates to be provided as progress is made. Additionally, Energean has terminated its divestment agreement with Carlyle International Energy Partners. The cancellation, announced in March, was due to unmet regulatory approvals in Italy and Egypt. The initial deal, which included Energean's assets in Egypt, Italy and Croatia, was valued at up to $945m (£729.33m). According to Energean, the necessary regulatory approvals outlined in the sale and purchase agreement, signed on 19 June 2024, were not obtained or waived, leading to the termination of the agreement. "Chariot regains 75% interest in two Moroccan offshore licences" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Ya Biladi
14-05-2025
- Business
- Ya Biladi
Chariot regains operatorship of Moroccan offshore licences from Energean
Chariot Limited, an Africa-focused energy group, announced on Wednesday, May 14, that it has regained control of its Moroccan offshore interests. Energean plc, a London-based oil and gas company, transferred its 45% stake in the Lixus Offshore and 37.5% stake in the Rissana Offshore licences to Chariot. As a result, Chariot now holds a 75% working interest in both licences, with Morocco's Office National des Hydrocarbures et des Mines (ONHYM) retaining 25%. This transfer follows a 2023 agreement in which Chariot sold the same stakes in both licences to Energean. At that time, Chariot retained a 30% interest in Lixus and 37.5% in Rissana, while ONHYM maintained a 25% stake in both. Now that operatorship has been restored, Chariot is committed to working with ONHYM to refine the development plan and explore further potential in the Lixus and Rissana areas, reads a press release. «We are pleased to have completed the transfer and regained operatorship, as we see significant value in our diversified Moroccan position, both offshore and onshore», said CEO Adonis Pouroulis. It is worth noting that Chariot works on high-value gas development in Morocco, alongside renewable power and green hydrogen projects across Africa.
Morocco World
14-05-2025
- Business
- Morocco World
Chariot Regains Control of Moroccan Offshore Gas Licences After Energean Exit
Mining company Chariot Limited has announced that it has fully regained control of two important offshore gas licenses in Morocco, after Energean plc returned its stake in the projects. Energean transferred its entire interest in the Lixus Offshore and Rissana Offshore licences to Chariot by handing over its local subsidiary. Chariot now owns 75% of both licences and has become the operator once again. The remaining 25% is still held by Morocco's National Office of Hydrocarbons and Mines (ONHYM). One of the key areas in this project is the Anchois gas field, located in the Lixus Offshore licence. So far, three wells have been drilled in the area. The most recent well, Anchois-3, was completed in September 2024. While it did not find enough gas to allow for an expansion of the original development plan, it did confirm the presence of good quality gas in one of the main zones, said Chariot in a press release. With the operatorship back in its hands, Chariot says it will continue to work on developing the gas field, in partnership with ONHYM. The company plans to review and adapt the development plan based on the gas that has already been discovered. Chariot will also explore the larger area around both Lixus and Rissana to assess further gas potential. 'We are pleased to have completed the transfer of these licences and regained operatorship as we see material value within our diversified Moroccan position, both offshore and onshore,' said Chariot CEP Adonis Pouroulis. The Anchois gas discovery remains promising for Chariot, and the company is now working to reshape the development plan based on their previous work on engineering design, environmental and regulatory approvals. He added that Morocco has strong demand for gas and offers good financial conditions for energy projects. Chariot plans to keep working closely with ONHYM and the Ministry of Energy Transition to move these gas projects forward. Tags: chariotChariot Oil and gasMining
