Last checked at 31 Oct 2008 17:33
31 October 2008
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
Appointment of temporary Alternate Director
Chariot Oil & Gas Limited announces that at its Board Meeting held on the 30 October 2008, Mr Idalecio de Castro Rodrigues de Oliveira was appointed as Alternate Director for the duration of that meeting as permitted under the Company's articles in the absence of Mr Norman Leighton.
Mr Idalecio de Castro Rodrigues de Oliveira, aged 56, is the beneficial owner and controller of International Consultancy and Marketing SA, which holds 25,376,172 ordinary shares in Chariot.
For further information please contact:
Chariot Oil & Gas Limited +44 (0)20 7357 9477
Kevin Broger, CEO
KPMG Corporate Finance (Nominated adviser) +44 (0)20 7311 1000
Susan Walker
BMO Capital Markets Limited (Broker) +44 (0)20 7664 8120
Bill Smith
Hogarth Partnership +44 (0)20 7357 9477
Julian Walker, Simon Hockridge
NOTES TO EDITORS
Chariot Oil & Gas Limited (www.chariotoilandgas.com)
Chariot is an independent oil and gas exploration group, focusing on Namibia (offshore and onshore) and Peru (onshore) using state of the art technology for offshore and onshore exploration, through its 100% wholly-owned operating subsidiary Enigma.
The Group currently holds licences covering ten blocks in Namibia - eight of which are offshore and two are onshore - and three onshore blocks in the Marañon and Huallaga basins in northern Peru. All of these blocks are currently in the exploration phase.
In order to progress such exploration, the Group has engaged the services of a global petroleum system specialist, High Resolution Technology & Petroleum Ltda ("HRT") as the Group's independent technical consultant. HRT has extensive experience of the application of deep water technologies in the discovery of new oil and gas fields from its prior work on the South Atlantic margins (primarily in Brazil but also in western Africa). HRT has developed specialist technologies which have previously led to large discoveries offshore Brazil and these are being applied to the Group's blocks.
Shares in Chariot Oil & Gas limited were admitted to the London Stock Exchange (AIM) on 19 May 2008, under the symbol 'CHAR'.
Other
KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulated by the Financial Services Authority for investment business activities, is acting for the Company as nominated adviser in relation to the matters set out in this announcement and is not acting for any other person in relation to these matters. KPMG Corporate Finance will not be responsible to anyone other than Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement.