Chariot Oil & Gas Starts 2D Seismic Survey in Namibia

Chariot Oil & Gas Limited today announces that in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%), it has commenced a 2D seismic acquisition survey of approximately 1,700km in the Central Blocks 2312 & 2412A offshore Namibia, conducted by SeaBird Exploration.

Chariot and its partners have agreed to initially carry out a 2D survey, which will infill an existing grid of data in order to gain a better understanding of the regional prospectivity of this large licence area (which covers approximately 16,800km2). This will enable the Company to optimise the design of the location and size of the 3D seismic programme required as a commitment during this current phase of exploration. The survey is anticipated to take approximately two weeks to acquire.