Chariot Oil & Gas Ld Commencement of Drilling of Rabat Deep 1 Well (6880H)
14 March 2018 - 8:23PM
UK Regulatory
TIDMCHAR
RNS Number : 6880H
Chariot Oil & Gas Ld
14 March 2018
14 March 2018
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
Operational Update
Commencement of Drilling of Rabat Deep 1 Well, Morocco
-- Saipem 12000 drillship has commenced the drilling of the Rabat Deep 1 well.
-- Operations are expected to take approximately 50 days and
further announcements will be made as appropriate.
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins
focused oil and gas exploration company, is pleased to announce
that the Saipem 12000, a sixth generation ultra-deepwater
drillship, has commenced drilling on the Rabat Deep Permits in
Morocco (Eni Maroc B.V. 40% (operator), Woodside Energy (Morocco)
Pty Ltd 25%, ONHYM 25%, Chariot Oil & Gas Investments (Morocco)
Limited 10%).
Investor Conference Call:
Management of Chariot will host a conference call for investors
at 11.00 am (GMT) 16 March 2018 to discuss the implications of the
Rabat Deep 1 well on surrounding prospectivity. Dial in details for
the call are shown below and participants should request to join
the 'Chariot Oil & Gas Investor Call'.
Dial in number: +44 (0)330 336 9105
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
For further information please contact:
Chariot Oil & Gas Limited
Larry Bottomley, CEO +44 (0)20 7318 0450
finnCap (Nominated Adviser and Joint Broker)
Matt Goode, Christopher Raggett (Corporate Finance)
Emily Morris (Corporate Broking) +44 (0)20 7220 0500
Celicourt Communications (Financial PR)
Mark Antelme, Henry Lerwill, Jimmy Lea, +44 (0)207 520 9261
NOTES TO EDITORS
ABOUT CHARIOT
Chariot Oil & Gas Limited is an independent oil and gas
exploration group. It holds licences covering two blocks in
Namibia, three blocks in Morocco and four blocks in the
Barreirinhas Basin offshore Brazil. All of these blocks are
currently in the exploration phase.
The ordinary shares of Chariot Oil & Gas Limited are
admitted to trading on the AIM, a market operated by the London
Stock Exchange under the symbol 'CHAR'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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