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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A new asset acquisition changes the outlook for Chariot which now has a lower-risk path to cash-flow, to complement its high-risk and high impact frontier exploration ventures
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The raft of macro-economic news from the US, the UK and ECB policy failed to cheer the FTSE 100 as the focus turned to the meeting in Brussels
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It was another eventful week in the small cap oil and gas sector.
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A look back at some of the more interesting stories from the junior market over the past week
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Here's a look at Wednesday's big share price movers.
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A glance at some of the day's highlights from the Proactive Investors newswire
“The award of the Lixus licence provides Chariot with a discovered resource base offering a low-cost development opportunity and significant upside,” said chief executive Larry Bottomley.
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Footsie gained around 27 points at 7,418, while FTSE 250 added 234 points at 19,563
The oiler is targeting the drilling of the Mohammedia licence prospect MOH-B, which has a gross mean prospective resource of 637mln barrels in two targets
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It was another busy week in the junior oil and gas space
Investments and investor services
A look at the day's major movers, including RM, MySale, Bilby, MC Mining and Bango
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A glance at some of the day's highlights from the Proactive Investors newswire
The company has identified an inventory of prospects in the Rabat 1 play, offshore Morocco. Chariot is targeting the drilling of the Mohammedia licence prospect MOH-B, which has a gross mean prospective resource of 637mln barrels in two tar
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A look at some winning and losing shares in the UK equity market on Wednesday
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A glance at some of the day's highlights from the Proactive Investors newswire
The FTSE 100 falls 35 points to 7,025, while Dow falls more than 300 points
It was another busy week in the smal cap oil and gas sector.
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A glance at some of the day's highlights from the Proactive Investors newswire
"Whilst very disappointing that we have not established a hydrocarbon accumulation in the prospect, we have learnt valuable information about the reservoir potential of these turbidite systems"
Investments and investor services
The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
