20 May 2024
Chariot
Limited
("Chariot", the "Company")
Commencement of Second Drilling Operation Onshore
Morocco
Chariot Limited (AIM: CHAR),
the Africa focused transitional energy group, is pleased
to announce the spud of the OBA-1 well on the Dartois prospect in
the Loukos Onshore licence ("Loukos") onshore Morocco (Chariot,
Operator 75%, ONHYM, 25%)
· Dartois target has Best Estimate recoverable prospective
resources of 12 Bcf
· Independent prospect targeting a different trapping style to
the Gaufrette prospect drilled by the RZK-1 well
· Success could potentially unlock a trend of prospects with
combined Best Estimate recoverable prospective resources of 20
Bcf
· Results will be announced on completion of drilling
Duncan Wallace, Technical Director of Chariot
commented:
"We are pleased to be underway with our second well in this
drilling campaign, having spud the OBA-1 well within short order of
completing operations at Gaufrette. We are now testing an
independent prospect at Dartois, which is in a different reservoir
fairway and along trend from an existing gas discovery, and we look
forward to providing an update on the results in due
course."
Enquiries
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Chariot Limited
Adonis Pouroulis, CEO
Julian Maurice-Williams,
CFO
|
+44 (0)20 7318 0450
|
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Cavendish Capital Markets Limited (Nomad and Joint Broker)
Derrick Lee, Adam Rae
|
+44 (0)131
220 9778
|
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Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart, Ashton
Clanfield
|
+44 (0)20 7710 7760
|
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Celicourt Communications (Financial PR)
Mark Antelme, Jimmy Lea
|
+44 (0)20 7770 6424
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NOTES FOR EDITORS:
About Chariot
Chariot is an Africa focused
transitional energy group with three business streams, Transitional
Gas, Transitional Power and Green Hydrogen.
Chariot Transitional Gas is focused
on high value, low risk gas development projects in Morocco, a
fast-growing emerging economy, with a clear route to early
monetisation, delivery of free cashflow and material exploration
upside.
Chariot Transitional Power is
focused on providing competitive, sustainable and reliable energy
and water solutions across the continent through building,
generating and trading renewable power.
Chariot Green Hydrogen is partnering
with TEH2 (80% owned by TotalEnergies, 20% by the EREN Group) and
the Government of Mauritania on the potential development of a 10GW
green hydrogen project, Project Nour in Mauritania, and are
progressing pilot projects in Morocco.
The ordinary shares of Chariot
Limited are admitted to trading on the AIM under the symbol
'CHAR'.
https://chariotenergygroup.com