Broker sees rich pickings in oil and gas sector
Selective speculators can beat a market that is expected to grow at least 10% thanks to higher oil prices and resurgent confidence.
Company
Chariot Ltd
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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Archive
FIVE at FIVE: COPL and Chariot shine with new discoveries, Aldi enjoys excellent Christmas, The Hutt Group laments hedgies (and don't forget the FTSE)
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Chariot price target doubled on new Moroccan discovery
The appraisal well has come up trumps says FinnCap, which has hiked its price target.
Chariot confirms 'significant' gas discovery at Anchois-2 well offshore Morocco
Adonis Pouroulis described it as a “tremendous outcome” for the company.
Chariot raises US$2mln in significantly oversubscribed open offer
The open offer equity funding was very well supported by investors.
Chariot: City broker repeats 15p price target and 'buy' recommendation after drill update
Chariot’s acting chief executive, Adonis Pouroulis, called the drilling programme ‘potentially transformational’
Chariot rig arrival highlights high-impact Anchois drilling says broker
Peel Hunt expects drilling operations on the Anchois 2 appraisal/exploration well to commence immediately.
Chariot says 'potentially transformational' two-well programme offshore Morocco set to kick off
The Stena Don drillship is now onsite, investors were told
Chariot oversubscribed placing raises £7.1mln; could net further £1.5mln from open offer
Cash will be deployed to re-enter a well offshore Morocco and on other ‘value accretive work’
Chariot mobilises rig for gas project offshore Morocco
"We are excited for drilling operations to get underway at Anchois," Adonis Pouroulis said
Chariot’s tie-up with Total kicks its renewable energy business up a gear
The AIM-quoted firm will be able to participate, with between 15% and 49% interest, in solar and wind power projects in Africa.
Chariot and Total team up for African renewable projects
"This partnership is looking to provide clean, sustainable, and more competitive energy to operational mines in Africa," Chariot chief Adonis Pouroulis said
Chariot strikes deal that promises to unlock development of Achois gas project
“This agreement will help expedite the development of this value accretive gas project, for the benefit of all stakeholders," said Adonis Pouroulis
Chariot says on-track to start drilling at Anchois well in December
The company continues to advance its gas project offshore Morocco and, separately, its pipeline of renewable energy opportunities in Africa
Archive
Chariot to work with Mauritania government to develop 10GW green hydrogen project
Mauritania's solar and wind resources mean Project Nour has the potential to allow Mauritania to produce the cheapest green hydrogen in Africa
Chariot signs up Halliburton for Anchois appraisal well
Preparations for the programme are 'on-track' for drilling o start in December, the company said
Proactive weekly Oil & Gas highlights: Deltic Energy, Zephyr, Chariot, United, San Leon, Challenger Energy Group
It was another active week in the small-cap oil and gas sector.
Chariot signs contract with Stena Drilling for off-shore Morocco well
Chariot recently raised money to conduct a drilling campaign
Chariot appoints drilling manager for planned gas appraisal well offshore Morocco
He has worked with the company before, leading its drilling in Namibia in 2018, which was operated safely, on time and under budget
Archive
Oil price, Chariot, Scirocco, DEC. And finally…
Oil will likely finish the week a couple of bucks better, it is flat today but the week has seen yet more favourable economic data particularly US unemployment and manufacturing information. Worth also noting as before this week that natura