Brief: Energean Says Farmed Into Chariot Acreage Offshore Morocco

Chariot

07/12/2023 07:06

Dec 7 (Reuters) - Energean  ENOG.L :
    * FARMED INTO CHARIOT LIMITED'S ACREAGE OFFSHORE MOROCCO
    * FARM IN TO 45% OF LIXUS LICENCE, WITH OPTION TO INCREASE
TO 55%
POST DRILLING RESULTS, AND 37.5% OF RISSANA LICENCE
    * PROPOSED DEAL FOR UP FRONT CASH CONSIDERATION OF $10
MILLION
    * TO CARRY CHARIOT FOR ITS SHARE OF PRE-FID COSTS UP TO A
GROSS
EXPENDITURE CAP OF $85 MILLION
    * DEAL INCLUDES $15 MILLION IN CASH, CONTINGENT ON FID BEING
TAKEN
ON ANCHOIS DEVELOPMENT

Source text for Eikon:  ID:nRSG9532Va 
Further company coverage:  CHARC.L 

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