viewChariot Oil and Gas plc

Development of Chariot Oil & Gas's Anchois gas field 'very feasible'

Chariot Oil & Gas Limited’s (LON:CHAR) CFO Julian Maurice-Williams tells Proactive London's Andrew Scott that recent studies carried out on its Anchois gas field, offshore Morocco, have shown that development of the project is technically feasible.

Chariot believes there's potential for either a single phase or a staged development to commercially optimise access to different parts of the gas market.

The firm's also carried out an assessment of the Moroccan energy market as well as confirming it's initiated an Environmental Impact Assessment which will allow it to carry out appraisal operations in 2020.

Quick facts: Chariot Oil and Gas plc

Price: 1.8944 GBX

Market: AIM
Market Cap: £7.18 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