As at 31 December 2015, US$11.0 million (31 December 2014: US$13.4 million) of the Group's cash balances were held as security against licence work commitments of which US$7.2 million is held in relation to the 3D seismic programme that has recently commenced in Brazil.
RNS 13th March
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, today announces that it has completed the 3D seismic acquisition survey covering its 100% operated BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 licences in the Barreirinhas basin, offshore Brazil.
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