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Chariot Oil & Gas secures drill rig for Morocco well

Larry Bottomley, chief executive of Chariot Oil & Gas Limited (LON:CHAR), tells Proactive they've secured a drilling rig for the upcoming RD-1 well, targeting the JP-1 exploration prospect.

Project operator ENI has contracted Saipem 12000, an ultra-deepwater drillship, for the programme and it is currently anticipated that the rig will arrive in the later part of the first quarter of 2018 with drilling due to start shortly thereafter.

Quick facts: Chariot Oil and Gas plc

Price: 1.8506 GBX

AIM:CHAR
Market: AIM
Market Cap: £7.01 m
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Full interview: Chariot Oil & Gas reports more than 2 TCF of gas at Morocco...

Chariot Oil & Gas Limited's (LON:CHAR) Larry Bottomley discusses with Proactive London's Andrew Scott the results of a new third-party assessment of the recently acquired Lixus project area offshore Morocco. Five additional exploration prospects present more than 1.2trn cubic feet (TCF)...

on 18/9/19

2 min read