Drilling is set to get underway shortly at Chariot Oil & Gas PLC’s (LON:CHAR) Prospect S well offshore Namibia.
A deep-water drillship is due to arrive at the location within the next 24 hours, with spudding of the well expected shortly afterwards. Operations are due to last 40 days.
READ: Chariot looks ahead to Namibia
Chariot holds a 65% interest in the well, which is estimated to be host to up to 459mln barrels of oil with a probability of geological success of 29%.
Chariot shares edged 0.2% higher to 8p on Friday morning.