Chariot Oil & Gas Limited (AIM:CHAR), the Africa focused oil and gas exploration company, announces that Paul Welch, Chief Executive Officer, today bought 50,000 ordinary shares in the Company at a price of 77.64 pence per share. Following this purchase Mr. Welch holds 300,000 ordinary shares, representing 0.15% of Chariot's issued ordinary share capital.
For further information please contact:
Chariot Oil & Gas Limited
+44 (0)20 7318 0450
Paul Welch, CEO
RBC Capital Markets (Joint Broker and NOMAD)
Martin Eales, Pierre Schreuder
UBS Investment Bank (Joint Broker)
Philip Wolfe, Rahul Luthra
+44 (0)20 7653 4000
+44 (0)20 7567 8000
Ben Brewerton, Edward Westropp
+44 (0)20 7831 3113
NOTES TO EDITORS
Chariot Oil & Gas Limited is an independent oil and gas exploration group. The Group currently holds licences covering eight blocks in Namibia, through its wholly owned subsidiary Enigma Oil & Gas Exploration (Pty) Limited, and one block in Mauritania through its wholly owned subsidiary Chariot Oil & Gas Investments (Mauritania) Ltd., all of which are offshore. All of these blocks are currently in the exploration phase.
The ordinary shares of Chariot Oil & Gas Limited are admitted to trading on the AIM Market of the London Stock Exchange under the symbol 'CHAR'.
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