Oil prices to rise and industry set for M&A wave - broker
Cantor Fitzgerald believes oil prices will rise to US$75 a barrel in 2017
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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Cantor Fitzgerald believes oil prices will rise to US$75 a barrel in 2017
Investments and investor services
Oil and mining dominated the small cap headlines today
Oil and gas junior Chariot Oil & Gas continues to look for partners across its portfolio, saying the past year had seen "fundamental" changes across the industry.
Chief executive Graeme Thomson is 'very pleased' with the support from institutional investors
Cairn Energy’s signing of a rig contract today is another signal of the growing momentum in this emerging oil frontier.