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IN BRIEF: Chariot signs framework deal for green hydrogen project

Wed, 25th May 2022 13:49

Chariot Ltd - Devon, England-based Africa-focused transitional energy company - Signs a framework agreement for a large-scale green hydrogen project, Project Nour, in Mauritania. The pre-feasibility study confirms that Mauritania is well-placed for green hydrogen production due to its solar and wind resources and the project has the potential to produce some of the cheapest green hydrogen in the world. Chariot says Project Nour could become one of the largest green hydrogen projects globally by 2030.

Chief Executive Officer Adonis Pouroulis said: "Green hydrogen is a strategic priority for Chariot and will form a substantial part of the global energy transition going forward. We also believe that progressing this project will result in significant investment in Mauritania and benefit the region as a whole."

Current stock price: 20.89 pence each

12-month change: up sharply from 5.58p

By Xindi Wei; xindiwei@alliancenews.com

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10 Sep 2012 11:37

Broker tips: Miners, AB Foods, Chariot

The outlook for the UK mining sector is now improving as expectations for quantitative easing (QE) increase, according to UBS on Monday morning. The broker said: "QE triggers a return of capital flows to emerging markets, incentivising companies to stop running for cash and embark on a commodity bu

10 Sep 2012 10:12

Broker snap: A disappointing year for Chariot, says Seymour Pierce

Seymour Pierce has retained its 'sell' recommendation for AIM-listed oil and gas group Chariot Oil and Gas, which plummeted on Monday morning after revealing that it has plugged and abandoned its Kabeljour exploration well, offshore Namibia. Logging results at the well on the Orange basin indicated

10 Sep 2012 09:13

Monday broker round-up

Barclays: UBS raises target from 205p to 235p, buy rating unchanged. Chariot Oil & Gas: Peel Hunt downgrades to sell, target cut from 150p to 40p; Merchant Securities downgrades to sell, target cut from 232p to 29p. Debenhams: Seymour Pierce raises target from 80p to 100p, hold rating kept. Euras

10 Sep 2012 07:53

Chariot Oil and Gas plunges on dud well

Shares in Chariot Oil and Gas, an Africa-focused exploration company, plunged on Monday after one of its wells was found to contain no hydrocarbons. Initial logging results at the Kabeljou exploration well in the Orange basin offshore Namibia revealed no commercial hydrocarbons, meaning the well w

4 Sep 2012 16:31

Results of Kabeljou prospect still unknown, Chariot Oil says

Independent Africa-focused oil and gas explorer Chariot Oil has this afternoon reiterated that the results of its Kabeljou exploration well, on the Nimrod prospect, offshore Namibia, are not yet known. The company's statement has been made in reaction to the sharp fall in the company's share price.

27 Jul 2012 14:36

Resources round-up: Anglesey Mining, Chariot, Empyrean...

Empyrean Energy said the average daily equivalent oil rate at the Tipton Jonas well over the past 30 days was 595 barrels of oil equivalent per day (boe/d), with a total condensate production of 15,101 barrels and total gas production of 16.5m square cubic feet (scf). At the Brysch Jonas B well it w

18 Jul 2012 09:21

Wednesday broker round-up

Ashmore: Goldman Sachs upgrades to buy. Ashtead: Jefferies reiterates buy rating and 320p target. Booker: Investec maintains buy rating and 98p target. British Land: BarCap downgrades to equal weight. Capital Shopping Centres: BarCap upgrades to overweight. Chariot Oil & Gas: Merchant Securitie

25 Jun 2012 11:26

Broker tips: Carnival, Polymetal, Tower Resources...

Investec has labelled cruise operator Carnival as a 'key sector pick', saying that the recent dip in the share price should be used as a buying opportunity; the target price is lifted from 2,500p to 3,000p. "We advise utilising Friday's drop to invest in our sector key pick, with the group having:

25 Jun 2012 11:23

Broker snap: Jefferies downgrades Tower and Cove

Jefferies has downgraded its ratings for both Tower Resources and Cove Energy as part of its review of the oil and gas exploration and production sector. "We continue to favour E&Ps with high quality exploration with near-term exploration catalysts. We believe oil prices should stabilise as Saudi A

20 Jun 2012 09:21

Wednesday broker round-up

Burberry: Nomura maintains buy recommendation and 1,530p target. Chariot Oil & Gas: Merchant Securities keeps buy rating and 232p target. Home Retail: HSBC downgrades to neutral, target cut from 110p to 100p. Imagination Tech: UBS cuts target from 480p to 470p, neutral rating unchanged. Internat

21 May 2012 09:28

Chariot to begin drilling at Namibia well

Shares in Chariot Oil & Gas rose on Monday after it secured a drilling ship to spud its Kabeljou well on the Nimrod prospect offshore Namibia. The firm said that it had reached an agreement with Ocean Rig UDW to use its Ocean Rig Poseidon ship to drill at the site. The Poseidon, which is currently

15 May 2012 16:15

Chariot Chairman buys 100,000 shares

Co-founder and Non-Executive Chairman of Chariot Oil and Gas, an Africa-focused exploration company, Adonis Pouroulis, has scooped up 100,000 shares in the firm. He made the purchase on Tuesday, the same day the company admitted that the Tapir South well (1811/5-1), offhore Namibia, failed to find

15 May 2012 09:10

Tuesday broker round-up

Babcock: Investec reiterates buy, puts target under review; Jefferies raises target from 780p to 910p, buy rating kept. BT Group: Espirito Santo upgrades from sell to neutral, lifts target from 180p to 210p. Chariot Oil & Gas: UBS slashes target from 340p to 215p, buy rating unchanged. Drax: Inv

14 May 2012 16:27

London close: Footsie sets new 2012-low on Greek concerns

- Footsie closes at levels not seen since mid-December - Potential Greek exit from euro hammers stocks - Banks, miners the worst performers in London The FTSE 100 closed at its lowest levels in the year-to-date on Monday as investors speculated about what a disorderly exit of Greece from the Eurozo

14 May 2012 11:52

Wheels come off Chariot after dry well

Chariot Oil and Gas, an Africa-focused exploration company, has reported that the Tapir South well (1811/5-1), offhore Namibia, failed to find commercial hydrocarbons, and will now be plugged and abandoned. The share price plunged 41.71% to 87.00p in morning trade. However, some of the results fr

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IN BRIEF: Chariot signs framework deal for green hydrogen project

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