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Pin to quick picksChariot Ltd Share News (CHAR)

Share Price Information for Chariot Ltd (CHAR)

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Share Price: 8.45
Bid: 8.40
Ask: 8.54
Change: -0.23 (-2.65%)
Spread: 0.14 (1.667%)
Open: 8.40
High: 8.78
Low: 8.40
Prev. Close: 8.68
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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

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Chariot enters Morocco hydrogen pilot collaboration

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4 Nov 2022 11:46

Chariot expands to Morocco with green hydrogen partnership deal

(Alliance News) - Chariot Ltd on Friday said it was looking forward to expanding its work beyond Mauritania, as it entered a partnership to collaborate on green hydrogen pilot projects in Morocco.

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7 Sep 2022 11:37

IN BRIEF: Chariot inks tie-in deal to secure Moroccan pipeline access

Chariot Ltd - Devon, England-based transitional energy company focused on Africa - Signs a pipeline tie-in agreement with the Office National des Hydrocarbures et des Mines securing access to Maghreb Europe gas pipeline in Morocco. The pipeline, which is owned and operated by ONHYM, runs from eastern Morocco through to Tangiers and across to Spain. Says the agreement will enable the gas produced from the Anchois gas project, offshore Morocco, to be transported via the GME to different potential offtakers.

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6 Sep 2022 17:14

Chariot working with Total Eren at Mauritania green hydrogen project

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IN BRIEF: Chariot narrows loss in 2021 as operating expenses fall

Chariot Ltd - Devon, England-based transitional energy firm focused on Africa - Narrows annual loss in 2021 on falling operating expenses. Annual pretax loss reduces to USD7.0 million from USD70.6 million in 2020. Operating expenses fall to USD6.4 million from USD71.1 million. Regarding its future, firm is focused on its strategic partnering in Morocco to "accelerate growth from a portfolio of high value, low risk upsides". "Green hydrogen is predicted to play a vital role in the global energy transition," it says.

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20 Jun 2022 13:55

Chariot inks deal with Schlumberger and Subsea 7

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20 Jun 2022 11:18

IN BRIEF: Chariot signs engineering and design agreement for Anchois

Chariot Ltd - Devon, England-based transitional energy company focused on Africa - Signs a front-end engineering & design agreement for the Anchois gas development project in Morocco. Signs agreement with US oilfield services company Sclumberger Ltd and subsea engineering firm Subsea 7 SA as part of a consortium. The scope of the agreement covers, but is not limited to, work for offshore and onshore components, and the generation of deliverables such as engineering and installation. Beyond this agreement, Chariot is managing the additional FEED scopes required for development to deliver gas to customers.

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IN BRIEF: Chariot raises USD29.5 million to fund projects and pipeline

Chariot Ltd - Devon, England-based Africa-focused transitional energy company - Raises USD29.5 million through an oversubscribed placing, subscription and open offer. Net proceeds will be used to advance the engineering and design of the Anchois Gas Development project and to progress its renewable power pipeline.

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

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