11 September 2024
Chariot
Limited
("Chariot", the "Company")
Operational Update on Anchois-3 Drilling Offshore
Morocco
Chariot Limited (AIM: CHAR),
the Africa focused transitional energy group, provides an
update regarding the Anchois-3 well currently being drilled at the
Anchois gas project in the Lixus Offshore licence, offshore Morocco
(Energean 45%, Operator, Chariot 30%, ONHYM 25%).
Chariot confirms that operations in
respect of the Anchois-3 well are ongoing.
·
Main Hole ("Anchois-3ST") operations are under way
as per the operational plan. Preliminary interpretation indicates
the presence of gas bearing reservoirs in the B sands, being an
appraisal objective of the well and further detailed work will be
needed to understand the impact of these results. Drilling
operations continue to evaluate deeper appraisal and exploration
objectives.
·
The primary objective of the initial Pilot Hole
was to evaluate the upside exploration potential of reservoirs in
the Anchois Footwall prospect, which were found but are interpreted
to be water bearing. This hole was plugged and abandoned prior to
sidetracking and drilling the Main Hole.
·
Further updates will be provided as
appropriate.
Qualified Person Review
This release has been reviewed by
Duncan Wallace, Technical Director of Chariot, who is a petroleum
geologist with over 20 years' experience in petroleum exploration,
MSc in Petroleum Geology from Imperial College, a Fellow of the
Geological Society and a member of the Geoscience Energy Society of
Great Britain. Mr Wallace has consented to the inclusion of the
technical information in this release in the form and context in
which it appears.
This announcement contains inside
information for the purposes of Article 7 of EU Regulation
596/2014, as retained in the UK pursuant to S3 of the European
Union (Withdrawal) Act 2018.
Enquiries
|
Chariot Limited
Adonis Pouroulis, CEO
Julian Maurice-Williams,
CFO
|
+44 (0)20 7318 0450
|
|
Cavendish Capital Markets Limited (Nomad and Joint Broker)
Derrick Lee, Adam Rae
|
+44 (0)131
220 9778
|
|
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart, Ashton
Clanfield
|
+44 (0) 20 7710 7760
|
|
Celicourt Communications (Financial PR)
Mark Antelme, Jimmy Lea
|
+44 (0) 20
7770 6424
|
NOTES FOR EDITORS:
About Chariot
Chariot is an Africa focused
transitional energy group with three business streams, Transitional
Gas, Transitional Power and Green Hydrogen.
Chariot Transitional Gas is focused
on high value, low risk gas development projects in Morocco, a
fast-growing emerging economy, with a clear route to early
monetisation, delivery of free cashflow and material exploration
upside.
Chariot Transitional Power is
focused on providing competitive, sustainable and reliable energy
and water solutions across the continent through building,
generating and trading renewable power.
Chariot Green Hydrogen is partnering
with TEH2 (80% owned by TotalEnergies, 20% by the EREN Group) and
the Government of Mauritania on the potential development of a 10GW
green hydrogen project, Project Nour in Mauritania, and are
progressing pilot projects in Morocco.
The ordinary shares of Chariot
Limited are admitted to trading on the AIM under the symbol
'CHAR'.
https://chariotenergygroup.com
