RE: time for news3 Jan 2022 17:28
Perhaps worth looking at the CEO’s comments because you have omitted to ask about the Transitional Power business with Total Erin:
Commenting on the Fundraising, Adonis Pouroulis, Acting CEO of Chariot, said:
"Chariot has made significant progress on the objectives we set for ourselves earlier in the year. We are on the cusp of a pivotal drilling campaign in Morocco, which gives us the opportunity to enhance the appraisal campaign on the Anchois gas fields for relatively low incremental cost, potentially advancing us towards the next phase of development. In addition, the Transitional Power business is growing rapidly and we have brought in an exciting new venture in green hydrogen which gives our stakeholders exposure to a low cost entry level investment into an exciting and highly scalable market. Once again, the Board maintains its alignment with shareholders, as evidenced by the Directors of Chariot subscribing for a material portion of the Fundraising. We are excited for drilling operations to get underway in the coming days at Anchois and we look forward to keeping the market updated on developments as appropriate.“