Capital · Chad’s oil rent
Chadian capital’s first door into its own oil rent.
An integrated operator with Chadian capital and talent, positioned across the whole chain — in a country with proven resources and a still under-used export network. An OHADA-law model, capital raised in stages, dated milestones and auditable governance from formation: each floor funds the next, and local refining substitutes fuel imports that weigh on foreign-exchange reserves. Investing in EnerTchad means taking part in national oil value — where it is created. Company in formation — the elements presented are ambitions and dated targets.
- Company in formation
- 100% Chadian
- SA · OHADA law
- EITI targeted
- IFRS accounts
Capital trajectory · targets
FCFA · a frugal start, scaling through successive raises — each floor of the model funding the next. (targets · company in formation)
Detailed investor contents13 sections · thesis, market, economics, capital, milestones and documents
The thesis
The market, and six reasons.
00 · The ambition in brief
EnerTchad in brief.
An integrated oil company in formation — Chadian capital, a complete chain built and kept in the country. (dated objectives, not results)
01 · The investment thesis
Six reasons, a single conviction.
Capturing the value of an established but under-exploited sector, and keeping it in Chad — from a deliberate single-country scope.
- 01 · MARKETAn established, under-exploited sector
Proven resources, export already built — the value is there, to capture.
- 02 · INTEGRATIONFrom source rock to the pump
Defensible margins across the whole chain, sheltered from intermediaries.
- 03 · ASSET-LIGHTEach stage funds the next
Enter light through services, deepen integration without one single capital bet.
- 04 · 100% CHADIANNational capital & talent
The value stays in the country — aligned with the State and the funders.
- 05 · FRAMEWORKOHADA · IFRS · EITI targeted
SA/Board governance, audited accounts, transparency — the trust of DFIs.
- 06 · FOCUSOne country, all the engineering
A single-country scope concentrates resources on one context: fitted solutions, technologies chosen for Chad.
02 · Market & opportunity
The value deposit.
Sector benchmarks — not held by EnerTchad — describing the national market in which the company is deploying. Natural resources to turn into a lever of growth and development — valorised on the spot rather than exported raw.
The model
How value is created, and why now.
03 · Economic model
“Each floor funds the next”.
EnerTchad does not launch its poles all at once: three horizons chain together, each funding the next. (target sequencing · company in formation)
Oilfield services and downstream / distribution — Mobile Stations™, B2B contracts, lubricants.
Enhanced oil recovery (EOR) and taking over marginal blocks of the registry.
Petrochemicals: nitrogen fertilisers, methanol, sulphur, LPG.
The first barrel pays for the development — not the other way round.
Three-phase separation, mobile “frac tank” containers on containment, truck evacuation to the mini-refinery: the well sells while it is being appraised — and every test barrel is counted, not burnt. Read the analysis → · See the capture fleet →
The same barrel works five times — provided you own the chain.
Today, most of these margins leave the country or scatter among intermediaries. The EnerTchad model consolidates them on a single balance sheet: each owned link adds its margin to the same barrel — and Chadian crude stops being sold only once.
The cash never sleeps: it climbs one floor with every turn.
That is the meaning of “each floor funds the next”: no single mega-raise, but a modest capital that turns — with early production as the loop’s starter.
One clear margin unit per trade — and its horizon.
Indicative margin units, for teaching purposes — company in formation: target objectives and sequencing, detailed in the dated plan.
◆ Economic framework
How EnerTchad creates and retains value.
A simple logic: generate cash early, commit it with discipline, and keep the value in Chad — so that an initially modest capital funds, floor by floor, a complete oil chain. Targets · company in formation.
- Oilfield services (OFS) — first cash
- Distribution & downstream — recurring margin
- EOR production — the additional barrel
- Petrochemicals — the transformed molecule
- Modular & removable units
- Capex in stages, no mega-project
- Local content — costs controlled
- Frugal Chadian engineering
- Capital open to Chadians
- Talent trained & employed locally
- Import substitution (fuels, fertilisers)
- Taxes & royalties in the country
- H1 — the cash engine
- H2 — the barrel that stays
- H3 — the transformed molecule
- De-risking through dated stages
Four mechanisms make this model robust, cycle after cycle — the margin depends neither on one client, nor one floor of the chain, nor the price of the barrel.
- EnerClub™ & NRJ+™ — B2C/B2B loyalty
- Tchadium LPG deposit & refill
- Framework contracts: fleets, industry, institutions
- EnerPro™ subscriptions & digital services
- Extraction → transport → refining → distribution
- Petrochemicals: the molecule at the top of the chain
- Fewer intermediaries, more consolidated margin
- ARSAT price: competitive without sacrificing margin
- Low crude: downstream & network margins sustained
- High crude: the EOR barrel outperforms
- Services (OFS, advisory) indexed to activity, not price
- Short cash cycle: services and pump paid in cash
- Water-to-Value™: produced water valorised
- Sulphur, associated gas, waste → revenue lines
- TchadiTech, EnerConseils, Tchaditude: asset-light revenues
- Tools & data reused from pole to pole
Amounts and dates: targeted objectives · an OHADA-law company in formation — not achieved results.
Why now · the window
Four reasons to enter today.
The presidential call and $20.5bn mobilised in Abu Dhabi (Nov. 2025): the country is opening up — now is when positions are taken.
38 free blocks today. Every award closes the window a little.
60% headroom on the pipeline: the additional barrel flows without infrastructure capex.
Marginal assets are taken at entry prices — while the majors look elsewhere.
The trajectory
The raises, the allocation, the dated milestones.
Trajectory · Capital
From founding capital to the 10-billion mark.
Five stages, dated above — drawn in one line. A target trajectory, not a numeric promise: every milestone points back to the calendar.
Target trajectory · company in formation — the dated detail sits in the milestones calendar below.
04 · Capital trajectory
A frugal start, scaling through successive raises.
The raise is designed multi-channel: open first to Chadian capital, it also targets private equity and investment-capital funds — African, pan-African and international — active in energy and infrastructure in Central Africa, as well as development vehicles. (targets · company in formation)
“Our vision is not to become billionaires — but to help build Chad’s energy autonomy, by giving everyone access to energy.”
Capital · Target allocation
Where every franc raised goes.
Allocation discipline serving the additional barrel and local added value. A target, indicative breakdown of the equity sought — company in formation, adjustable to the pace of successive raises.
An illustrative target allocation — not a firm commitment. Percentages will be fixed at each tranche’s closing.
Calendar · formation milestones
The roadmap, dated.
The key steps of EnerTchad’s formation, from founding capital to the first field proof. (targets · company in formation)
100 M FCFA, 100% Chadian — the company is created.
RCCM / NIF in progress — OHADA formalisation.
Seed rounds with GCIC — services, downstream, network.
First field proof — recovery from local inputs.
Production then petrochemicals — towards 10 bn in capital.
Governance and publications
What we publish, and what it rests on.
Calendar · investor appointments
Investor calendar.
The next appointments to follow EnerTchad and talk with us. (indicative dates · company in formation)
Release of the investment memorandum and the updated document shelf.
Presentation of the thesis and the capital model, Q&A with management.
A data room opened to qualified investors and bilateral meetings, with GCIC.
A review of milestones passed and updated targets — at the pace of the formation.
Subscribe to the calendarDownload the calendar (.ics)
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Your request lands in the official inbox contact@enertchad.com and the list is kept by hand — no tracking. Automated alerts will come with dedicated infrastructure.
05 · Governance & transparency
Auditable by design.
The organisation, statutory bodies and controls exist before the assets — the trust of partners and funders is built on the record, not the promise.
See all our commitments (HSE, quality, compliance) → · Governance in detail →
Publications & documents
The investor’s shelf.
The documents to go further. The complete file — draft articles and shareholders’ agreement, memorandum — is sent upon publication to qualified investors.
Subscribing
How to come in, and the recurring questions.
06 · Subscribe
Capital open to all Chadians.
EnerTchad aims for broad participation in its capital: that every citizen, at home or in the diaspora, can become an actor of national energy development. (target model · company in formation)
Anti-fraud notice. No payment channel is open at this stage: EnerTchad never asks for cash, Mobile Money or payment to an “agent”. Verify any solicitation via contact@enertchad.com or the official WhatsApp +235 99 29 86 96 — learn more · risk factors.
“Investing at home means developing twice: for your country, and for yourself.”
Our assumptions
What the figures on this page rest on
A projection without published assumptions cannot be verified. These are the parameters used to build the trajectory, the value of the additional barrel and the 2030 targets. They are deliberately conservative, dated, and will be revised publicly if reality diverges — an explained gap beats a dressed-up target.
Reference crude price
The planning range used for Brent, discounted for the quality of Doba crude. No projection is built on a high-case scenario — 2026 illustrates the choice: consensus near $58 in February, Brent around $85 by summer, 2027 seen at ~$69 (EIA). The range stays below the middle of the cycle.
Fixed euro–CFA franc peg
The monetary peg of the CEMAC zone; currency risk therefore sits on the dollar–euro pair, not on the franc.
Target perimeter
Redevelopment of already-discovered, high-water-cut fields rather than greenfield exploration: lower entry capital and reduced geological risk.
Regulated retail price
Refining & Distribution volumes are valued at the national regulated price, with no free-margin assumption: regulation is an input, not a variable.
Regulatory sequence
Each milestone assumes permits are obtained within the announced timeframe; any delay pushes the financing cascade back by the same amount.
Staged financing
No round is guaranteed. Each tier funds the next: the failure of one tier does not erase the previous ones, it stops the climb.
The questions we are asked.
Six direct answers, kept current in the general FAQ — no figure promised without a date.