Last checked at 29 Apr 2014 07:00
29 April 2014
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
Completion of 3D Seismic Acquisition Offshore Morocco
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, is pleased to announce the completion of its 1,700km2 3D seismic survey across its areas of interest offshore Morocco (Chariot 75% (Operator), ONHYM 25% (carried interest).
The survey, encompassing ~1,075km2 in Rabat Deep, ~250km2 in Loukos Offshore and ~375km2 in Mohammedia Reconnaissance, will enable the Company to mature drillable prospects in the Mio-Pliocene and Jurassic plays identified within this region on reprocessed legacy 2D data. Following processing, Chariot will interpret this new data which is expected to be completed by year end 2014, with a resource update to be published thereafter.
For further information please contact:
Chariot Oil & Gas Limited Larry Bottomley, CEO
|
+44 (0)20 7318 0450 |
GMP Securities (Joint Broker) Rob Collins, Emily Morris | +44 (0)20 7647 2800 |
Jefferies Hoare Govett (Joint Broker) Chris Zeal, Max Jones
| +44 (0)20 7029 8000 |
Finncap (Nominated Adviser) Matt Goode, Christopher Raggett | +44 (0)20 7220 0500 |
FTI Consulting Ben Brewerton, Adam Cubbage | +44 (0)20 3727 1000 |
Chariot Oil & Gas Limited is an independent oil and gas exploration group. It holds licences covering eight blocks in Namibia, through its wholly owned subsidiary Enigma Oil & Gas Exploration (Pty) Limited, one block in Mauritania through its wholly owned subsidiary Chariot Oil & Gas Investments (Mauritania) Limited and three blocks in Morocco through its wholly owned subsidiary Chariot Oil & Gas Investments (Morocco) Limited all of which are offshore. The Group's wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda, has four licences in the shallow water offshore Brazil. All of these blocks are currently in the exploration phase.
The ordinary shares of Chariot Oil & Gas Limited are admitted to trading on the AIM Market of the London Stock Exchange under the symbol 'CHAR'.