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Chariot Oil & Gas targets lower-risk growth with its offshore Morocco acquisition

Chariot Oil & Gas plc (LON:CHAR) CFO Julian Maurice-Williams talks Proactive London's Andrew Scott through their 2018 results as well as their new asset acquisition offshore Morocco.

Chariot's picked up the Lixus licence which includes the already discovered Anchois gas project – comprising some 307bn cubic feet of contingent gas resources and more than 600bn cubic feet of additional resource upside potential via low-risk follow-up exploration.

Quick facts: Chariot Oil and Gas plc

Price: 4.4 GBX

AIM:CHAR
Market: AIM
Market Cap: £16.17 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