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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
oil and gas operations
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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