Chariot Oil & Gas: Rabat Deep exploration well kicks off
It kicks off a potentially high impact exploration programme offshore Morocco
Company
LON:CHAR
Chariot is an Africa focused energy group with two core business streams: Upstream Oil and Gas and Renewable Power. Chariot’s Upstream Oil and Gas pillar is focused on building out a full value chain growth business within Africa. Alongside securing a footprint in Angola, Chariot holds a diverse portfolio in Morocco and is pursuing a range of new ventures across production, development and exploration opportunities. Chariot’s Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent. Chariot is also continuing to advance its green hydrogen asset, Project Nour in Mauritania.
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It kicks off a potentially high impact exploration programme offshore Morocco
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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 equity funding will allow Chariot to drill the Prospect S exploration target offshore Namibia, giving the explorer a second high impact well this year
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"This fundraise will represent another major step forward for Chariot, and one which allows the company to participate in two giant-scale wells in this calendar year"
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