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AIM:CHAROTC:OIGLFFRA:C62
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Chariot Oil and Gas to raise more than £15mln to add second well to campaign

Larry Bottomley, chief executive of Chariot Oil & Gas Limited (LON: CHAR), discusses with Proactive's Andrew Scott their intention to raise more than £15mln through a placing and open offer to allow them to add a second well to their 2018 exploration campaign.

Bottomley says they're keen to test Prospect S, offshore Namibia.

This will be in addition to the 10% owned Rabat Deep exploration well, offshore Morocco, which will be drilled later this year by Eni.

Quick facts: Chariot Ltd

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AIM:CHAR

Price: 5.8721 GBX

Market Cap: £37.39 m

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Chariot plans Moroccan gas appraisal well for December 2021

Chariot Ltd (AIM:CHAR, OTC:OIGLF, FRA:C62) drilling manager David Brecknock joined Proactive's Stephen Gunnion with news that the company has signed a contract with Stena Drilling to use its Stena Don drilling rig for the planned Anchois gas appraisal well within its Lixus licence, offshore...

2 weeks, 1 day ago

2 min read