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Share Price: 8.32

Bid: 8.32

Ask: 8.47

Change: -0.10 (-1.19%)

Spread: 0.15 (1.803%)

Open: 8.89

High: 8.89

Low: 8.30

Prev. Close: 8.42

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IN BRIEF: Chariot raises GBP3.2 million in oversubscribed open offer

Thu, 09th Jun 2022 20:08

Chariot Ltd - Devon, England-based Africa-focused transitional energy company - Raises gross proceeds of USD4.0 million, or GBP3.2 million, through an open offer. The company received valid acceptances of 61.1 million open offer shares, representing an oversubscribed take-up against the 17.6 million available open offer shares.

Chief Executive Julian Maurice-Williams says: "I am very pleased to report that, subject to shareholder approval, we will have raised a total of USD29.5 million through the fundraising, which is an excellent result for the company."

Current stock price: 20.00 pence

12-month change: up sharply from 5.79p

By Heather Rydings; heatherrydings@alliancenews.com

More News

19 Feb 2013 08:02

Chariot Oil & Gas drops after abandoning Namibian well

Chariot Oil & Gas shares plunged Tuesday after the company plugged and abandoned a well in Namibia and reported a 39.2 per cent fall in its cash balance. Shares fell 18.33% to 24.50p at 08:00 as the group announced its Tapir South-1 well in the north of Nambia produced no commercial hydrocarbons so

19 Feb 2013 07:30

Tuesday broker round-up UPDATE

Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ

15 Jan 2013 07:17

Tuesday broker round-up UPDATE

African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum

21 Dec 2012 07:55

Chariot Oil focuses on risk management

Chariot Oil & Gas said it would focus on risk management going forward as it updated the market ahead of its full year results. The company said it had continued to diversify and balance its portfolio through the acquisition of further licence areas, including Casablanca/Safi, Loukos and Rabat Dee

20 Dec 2012 08:07

Chariot Oil & Gas unveils board changes

Chariot Oil & Gas announced Thursday the resignation of Chief Executive Officer (CEO) Paul Welch along with a board shake-up. Welch will leave the Africa-focused oil and gas exploration company to pursue other business interests. "It has been a privilege to have been CEO of Chariot over the past t

31 Oct 2012 15:12

Two Chariot Oil licences extended in Namibia

Chariot Oil & Gas has received approval from the Ministry of Mines and Energy in Namibia to enter the second renewal phase of two of its licences. Licence 14, which encompasses the company's Northern Blocks 1811 A & B, and Licence 15, which encompasses Southern Block 2714B offshore Namibia, have be

31 Oct 2012 09:09

Wednesday broker round-up - UDPATE

AMEC: Seymour Pierce keeps buy rating and 1,250p target; Investec keeps buy rating and 1,300p target. Babcock: Panmure Gordon keeps hold rating and 940p target. Barclays: Nomura keeps reduce rating and 210p target. BP: Jefferies keeps hold rating and 450p target. Chariot Oil & Gas: Seymour Pierc

26 Oct 2012 10:00

Friday broker round-up

African Barrick Gold: Investec cuts target from 530p to 526p, hold rating kept. APR Energy: UBS cuts target from 600p to 530p, sell rating unchanged; Jefferies cuts target from 850p to 625p, hold rating kept. ASOS: Deutsche Bank downgrades to hold; Nomura ups target from 1,930p to 2,000p, neutral

19 Oct 2012 09:00

Friday broker round-up - UPDATE

Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p

11 Oct 2012 10:51

Chariot Oil & Gas takes on Moroccan oil prospects

Chariot Oil and Gas, the Africa-focused commodities explorer, said it had acquired two prospective blocks off the coast of Morocco. The company has struck a deal with Maghreb Petroleum Exploration whereby the latter will transfer its 75% ownership and operational interests in the Loukos and Casabla

21 Sep 2012 12:20

Chariot Oil and Gas delivers upbeat set of results

Chariot Oil and Gas, the Africa focused commodities explorer, cheered its investors with a respectable cash position and the promise of multiple targets for drilling future wells. So despite less-than-impressive well results in recent times, and a half year loss from operations of $84.4m (H1 2011:

13 Sep 2012 09:17

Thursday broker round-up

Anite: Jefferies keeps buy rating and 160p target. BAE Systems: Investec downgrades from hold to sell, target raised from 350p to 290p; Societe General downgrades to sell; Oriel Securities downgrades to hold, target lifted from 350p to 370p. Bank of Georgia: Seymour Pierce keeps buy rating and 1,6

11 Sep 2012 09:29

Tuesday broker round-up

3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:

10 Sep 2012 14:21

Broker snap: Optimism fades after Chariot abandons another well

The news that Chariot Oil and Gas's Kabeljou exploration well was plugged and abandoned as a dry hole prompted most brokers on Monday to either downgrade or put their ratings for the stock under review and significantly reduce their target prices. The Africa-focused oil and gas firm said that the w

10 Sep 2012 11:58

Wheels come off Chariot Oil and Gas

Chariot Oil and Gas, the Africa focused commodities explorer has had a shocker after revealing a failed well dig. The Kabeljou well, dug offshore Nambia, has returned "no commercial hydrocarbons" despite having been drilled to 3,150 metres. The news sent Chariot's stock into freefall, with the sha

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IN BRIEF: Chariot raises GBP3.2 million in oversubscribed open offer

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