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Chariot Oil & Gas CEO says £11.7mln fundraise is 'key turning point in the evolution of the company'

Chariot Oil & Gas Ltd's (LON:CHAR) Adonis Pouroulis talks to Proactive London's Katie Pilbeam about their new £11.7mln of new capital to fund an appraisal well at the Anchois Gas Development offshore Morocco.

Funds will also support work in the acreage surrounding the Anchois discovery, to set up the additional resources for development in the future. Pouroulis says this 'transitional energy company focused on the African continent' has 'very strong ESG credentials, very relevant to today's world'.

He says the successful fundraise marks a key turning point in the evolution of the company, as we seek to build a transitional energy business in Africa, that we believe will deliver value for all stakeholders.

Quick facts: Chariot Ltd


Price: 5.99999 GBX

Market Cap: £38.2 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