RE: RNS Placing Incoming18 May 2022 17:51
Commenting on the Fundraising, Adonis Pouroulis, Acting CEO of Chariot, said:
"Following our successful drilling campaign offshore Morocco and the excellent post well analysis on the gas composition and net pay estimates from the Anchois wells, we are focused on bringing the Anchois development into production and fast tracking towards generating material cashflows as quickly as possible.
The funds raised through this placing will enable us to accelerate our development plans and will also support our growing Transitional Power business and our ongoing evaluation of new ventures that fit within our strategy. We are proud to be playing a part in the global energy transition story and remain upbeat about the diversified portfolio of highly scalable assets that we are developing, all of which have the potential to deliver both a positive impact and value for our stakeholders."