Explorer Chariot Oil and Gas has looked on the bright side after coming up empty handed from drilling at the Rabat Deep 1 well in Morocco.
Atlantic focused explorer Chariot Oil & Gas said on Wednesday that it had started drilling on the Rabat Deep Permits in Morocco.
AIM-listed Chariot Oil & Gas confirmed on Monday that it is planning an equity fundraising as it looks to raise around $15m to help fund the delivery of another well.
Atlantic margins-focussed oil and gas exploration company Chariot Oil & Gas updated the market on its operations on Wednesday, prior to its 31 December year-end.
Chariot Oil & Gas, the Atlantic focused oil and gas explorer, trumpeted its continued strong balance sheet at the half-year stage as its looked forward to positive production developments offshore Morocco.
Atlantic margin-focussed oil and gas exploration company Chariot Oil & Gas was set to hold its annual general meeting in London on Tuesday, with chief executive Larry Bottomley preparing to provide a "brief portfolio and strategy update" to the assembled punters.
Atlantic margins-focussed oil and gas exploration company Chariot Oil & Gas announced on Thursday that its wholly owned subsidiary, Chariot Oil & Gas Investments Morocco, was awarded a 75% interest and operatorship of the Kenitra Offshore Exploration Permit in partnership with the Office National des Hydrocarbures et des Mines, which holds a 25% carried interest.
Atlantic margins-focused oil and gas exploration company Chariot Oil & Gas reported on Monday that the farm-out signed between its wholly owned subsidiary, Chariot Oil & Gas Investments Morocco, and a wholly owned subsidiary of Eni, has now been approved for the Rabat Deep Offshore permits I-VI by the Moroccan authorities.
Chariot Oil & Gas, an AIM listed Atlantic margins focused oil and gas exploration company, has continued to progress and enhance its portfolio whilst protecting its position in challenging market conditions, according to a trading update.
Chariot Oil & Gas embarked on an ambitious survey on Thursday, beginning a 3D seismic acquisition survey of around 303 square miles at its 100% owned licences in the Barreirinhas basin, offshore Brazil.
Larger impairment against its assets in Namibia saw oil explorer Chariot Oil & Gas post a wider annual pre-tax loss.
Chariot Oil has agreed to farm-out a 25% working interest in four of its blocks in the Barreirinhas Basin, offshore Brazil.
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Shares in Chariot Oil & Gas rose after the company said it completed its 2,128 km 2D seismic survey in Southern Block 2714B offshore Namibia.
In its pre-close operational update exploration outfit Chariot Oil & Gas highlighted progress made on its Mauritanian licence and on its central block licenses in Namibia.
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