Commencement of Drilling of Prospect S Well

RNS Number : 5690C

Chariot Oil & Gas Ld

01 October 2018

 

1 October 2018

Chariot Oil & Gas Limited

("Chariot", the "Company" or the "Group")

Operational Update

Commencement of Drilling of Prospect S Well, Namibia

·      Ocean Rig Poseidon drillship has commenced the drilling of Prospect S well in Namibia.

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, is pleased to announce that the Ocean Rig Poseidon, a sixth generation deepwater drillship, has commenced the drilling on the Central Blocks licence offshore Namibia (Chariot 65%, Azinam 20%, NAMCOR 10% and Ignitus 5%).

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	[phone]
finnCap (Nominated Adviser and Broker) Matt Goode, Christopher Raggett, Anthony Adams (Corporate Finance) Andrew Burdis (ECM)	[phone]
Celicourt Communications (Financial PR) Henry Lerwill	[phone]

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'.

 

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