Chariot Limited Appointment of Drilling Manager (7389D)
01 July 2021 - 4:00PM
UK Regulatory
TIDMCHAR
RNS Number : 7389D
Chariot Limited
01 July 2021
1 July 2021
Chariot Limited
("Chariot", the "Company")
Appointment of Drilling Manager
Progress towards drilling of gas appraisal well in Morocco
Chariot (AIM: CHAR), the Africa focused transitional energy
company, is pleased to announce the appointment of David Brecknock
to the role of Drilling Manager, with responsibility for the
Company's planned Anchois gas appraisal well within the Lixus
licence, offshore Morocco.
The objectives of the drilling campaign are to further evaluate
the resource volumes of the Anchois gas field to unlock the initial
development, to provide a future producer well location and
potentially drill the additional prospective sands with the aim of
establishing a larger resource base for longer term growth.
David has considerable experience with high profile deepwater
offshore drilling with over 20 years of international experience
gained with Enterprise, Shell, BG, Devon, Perenco, Ophir as well as
leading Chariot's drilling in Namibia in 2018.
Adonis Pouroulis, Acting CEO of Chariot, commented:
"I am delighted to welcome David back to the Company. He played
a pivotal role in Chariot's previous drilling campaign in Namibia
which was operated safely, on time and under budget, and we expect
him to play a similarly important part in our exciting Anchois gas
appraisal well. We look forward to keeping the market up to speed
over the coming months as we get closer to drilling."
For further information please contact:
Chariot Limited
Adonis Pouroulis, Acting CEO
Julian Maurice-Williams, CFO +44 (0)20 7318 0450
finnCap (Nominated Adviser and Joint Broker)
Christopher Raggett, Simon Hicks, Edward
Whiley +44 (0)20 7220 0500
Peel Hunt (Joint Broker)
Richard Crichton / David McKeown +44 (0)20 7418 8900
Celicourt Communications (Financial PR)
Mark Antelme
Jimmy Lea +44 (0)20 8434 2754
NOTES FOR EDITORS:
About Chariot
Chariot is an African focused transitional energy group with two
business streams, Transitional Gas and Power.
Chariot Transitional Gas, is a high value, low risk gas
development project with strong ESG credentials in a fast-growing
emerging economy with a clear route to early monetisation, delivery
of free cashflow and material exploration upside. Chariot
Transitional Power, looking to transform the energy market for
mining operations in Africa, providing a giant largely untapped
market with cleaner, sustainable, and more reliable power.
The ordinary shares of Chariot Limited are admitted to trading
on the AIM under the symbol 'CHAR'.
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END
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