Financial PerformanceThe key event is the Anchois appraisal well planned, which, if successful, should lead to a quick project approval process for the gas development and trigger a $15M payment to Chariot.
Investment PotentialSignificant upside is expected if the forthcoming appraisal well is successful and the Anchois development moves quickly to investment approval.
Stock RecommendationAnalyst's recommendation is a Buy rating with a 33p price target, which includes the impact of the recent capital raise.