Chariot Regulatory News (CHAR)

15 Jun 2009 07:00



15 June 2009

AIM: CHAR

Chariot Oil & Gas Limited

('Chariot', the 'Company')

Board Changes

Chariot, an independent oil and gas exploration group, today announces that Kevin Broger has resigned as CEO of the Company for personal reasons, with immediate effect. He will be replaced in the interim by James Burgess, who is currently the Company's Commercial Director.

Chariot would like to thank Kevin for his time with the Company, specifically acknowledging his role in the fundraising and listing on AIM and with his work in conjunction with the farm-out agreement signed with Petrobras. The Company wishes him well in the future. 

For further information please contact:

Chariot Oil & Gas Limited +44 (0)20 7357 9477

James Burgess, 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, Adam Janikowski

Hogarth Partnership +44 (0)20 7357 9477

Julian Walker, Simon Hockridge

NOTES TO EDITORS

About Chariot

Chariot Oil & Gas Limited (www.chariotoilandgas.com) is an independent oil and gas exploration group. The Group currently holds licences covering ten Blocks in Namibia, eight of which are offshore and two of which are onshore. All of these Blocks are currently in the exploration phase. 

Shares in Chariot Oil & Gas limited are admitted to trading on the AIM Market of the London Stock Exchange under the symbol 'CHAR'.

KPMG Corporate Finance, a division of KPMG LLP which is authorized and regulated by the Financial Services Authority for investment business activities, is acting for the Company as nominated advisor 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 the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement.