Chariot Oil Awarded Mohammedia, Morocco, Permit
Chariot Oil & Gas Investments (Morocco) Limited, the wholly owned subsidiary of Chariot Oil & Gas Limited (AIM: CHAR) has been awarded a 75% interest and operatorship of the Mohammedia Offshore Exploration Permits I - III ("Mohammedia"), Morocco in partnership with the Office National des Hydrocarbures et des Mines ("ONHYM") which holds a 25% carried interest. The Mohammedia permits sit in the nearshore and cover an area of approximately 4,600km2 with water depths less than 500m.
Chariot Oil & Gas Update on Mauritania Block
Chariot and its partners Cairn Energy and the SociétéMauritanienne des Hydrocarbures et de Patrimoine Miner ("SMHPM"), have secured a one year extension on the current exploration phase of the C-19 licence (55% Chariot (Operator), 35% Cairn, 10% SMHPM (carried interest)). As part of the extension, the Partnership has committed to undertake seabed coring studies, which will provide further subsurface detail and serve to further de-risk this part of the portfolio. During 2014…
Chariot Oil & Gas Results FY 2014
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces its audited final results for the 12 months ended 31 December 2014. Larry Bottomley, Chief Executive of Chariot, commented, "Chariot has continued to deliver on its focused strategy by partnering in Morocco and Brazil, maintaining a strong balance sheet through capital discipline, maturing its assets and demonstrating high margin, giant potential prospectivity at the same time as positioning the entire portfolio to ensure low commitments and long licence periods.
Chariot Oil & Gas 1H 2014 Interim Results
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces its unaudited interim results for the six month period ended 30 June 2014. o Additional partnering process underway aiming to fully cover seismic costs. Larry Bottomley, CEO of Chariot, commented, "Chariot has had a very productive year to date, securing partners in Morocco and Brazil, successfully completing our Placing, as well as renegotiating our licence positions in Namibia.
Chariot Oil & Gas Get Licences for 3 Blocks in Namibia
Namibian Portfolio. In an update it informed about its Namibian portfolio, its repositioning in the region and forward work programmes across these licences. These steps improve Chariot's negotiating position in partnering discussions and provide further commercial optionality. The move also aligns this part of Chariot's portfolio with its strategy of being a fast follower and managing risk whilst retaining significant equity and acreage positions. In line with this strategy…
Chariot Agrees Brazil Farm Out with AziLat
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announced that its wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda., has signed a farm-out agreement with AziLat Limited through its local subsidiary AziBras Exploração de Petróleo e Gás Ltda. Following completion of this agreement, which is subject to the approval of the Brazilian authorities, AziLat will hold a 25% equity interest in Chariot's BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 blocks in the Barreirinhas Basin…
Chariot Oil & Gas Investments & Woodside Sign Agreement
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, informed that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd., has signed a farm-out agreement with a wholly owned subsidiary of Woodside, Australia's largest independent exploration & production company. Following completion of this agreement, which is subject to the approval of the Moroccan authorities, Woodside will hold a 25% equity interest in the Rabat Deep Offshore permits I-VI…
