Julian Maurice-Williams, CFO at Chariot Ltd (AIM:CHAR, OTC:OIGLF), says it plans to use the US$25mln raised recently to get its projects in Morocco and elsewhere to final investment decision stage as fast as possible.
Anchois, offshore Morocco, now has a value of around US$900mln to Chariot, he adds, with an update to the CPR also due shortly.
Chariot also has three of the largest renewable projects on the African continent currently underway.
An open offer to raise up to a further £4mln is still ongoing, he notes.