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Chariot Oil & Gas is counting down to high impact Morocco well

Chariot earlier today unveiled a US$15mln share placing which is designed to fund a separate exploration well, offshore Namibia, meanwhile, the countdown is now on for the high impact Rabat Deep well
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The rig is expected to arrive in 10 days

Chariot Oil & Gas Limited (LON:CHAR), which has today raised US$15mln in a placing, has also highlighted that the high impact Rabat Deep exploration well (RD-1) is due to be drilled soon.

In a statement, the company said that the Saipem 12000 drillship is now being mobilised to the location, and it is expected to be in Morocco in around 10 days.

WATCH: Chariot Oil and Gas to raise more than £15mln to add second well to campaign

The RD-1 well is expected to spud shortly after the rig arrives at the intended well location.

Chariot has a 10% stake in the well alongside operator ENI, Woodside Energy (owning 25%) and ONHYM (with 25%).

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Chariot Oil and Gas Timeline

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