Chariot Ltd (AIM:CHAR, OTC:OIGLF) told investors it has started drilling the OBA-1 well, on the Dartois prospect located in the Loukos Onshore licence, in Morocco.
The Dartois target holds an estimated recoverable prospective resource of 12 billion cubic feet (Bcf).
It is targeting a different trapping style compared to the Gaufrette prospect drilled by the RZK-1 well.
Success at Dartois could potentially unlock additional prospects with a combined resource estimate of 20 Bcf.
"We are pleased to be underway with our second well in this drilling campaign, having spud the OBA-1 well within short order of completing operations at Gaufrette,” Chariot technical director Duncan Wallace said in a statement.
“We are now testing an independent prospect at Dartois, which is in a different reservoir fairway and along trend from an existing gas discovery, and we look forward to providing an update on the results in due course."