REG - Chariot Limited - EIA Approval Received for Anchois

ChariotAnnouncement

31/10/2023 07:00

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RNS Number : 7618R  Chariot Limited  31 October 2023

 

31 October 2023

 

Chariot Limited

("Chariot", the "Company")

 

Environmental Impact Assessment Approval received for Anchois

 

Ministerial endorsement a further step forward for gas development project

 

Chariot Limited (AIM: CHAR), the Africa focused transitional energy group,
is pleased to announce that it has received approval for its Environmental
Impact Assessment ("the EIA") from the Moroccan Ministry of Energy Transition
and Sustainable Development ("the Ministry") on the Anchois gas development
project ("Anchois") offshore Morocco.

 

·      The EIA process for Anchois was conducted over a 12 month period
and was informed by:

o  onshore and offshore environmental and social baseline surveys

o  an open and transparent stakeholder engagement programme held in
conjunction with relevant parties

o  a public enquiry process which spanned four local provinces

·      The final report sets out the requisite planning, mitigation and
monitoring measures to follow during construction and production

·      The EIA integrates recommendations from the National
Environmental Committee, is valid for five years and covers all aspects of the
development including future wells and offshore infrastructure, the onshore
Central Process Facility and link to the GME pipeline.

 

Pierre Raillard, Head of Gas Business and Morocco Country Director at Chariot
commented:

 

"Securing approval of this EIA is a major milestone for Anchois and is the
culmination of extensive time and teamwork that has gone into this critical
process. This is a key building block for sanctioning the project's
development, alongside other activities such as our partnering process which
is close to conclusion. On behalf of Chariot, I would like to thank the
National Environmental Committee and the Ministry for their endorsement and
support. I would also like to thank the Chariot team, our partner ONHYM and
our consultants who collaborated so closely across all workstreams. We are
fully committed to ensuring that Anchois is developed in line with best
practice as set out in the report."

 

 

Enquiries

 

 Chariot Limited                                              +44 (0)20 7318 0450

 Adonis Pouroulis, CEO

 Julian Maurice-Williams, CFO

 Cavendish Capital Markets Limited (Nomad and Joint Broker)   +44 (0)131 220 9778

 Derrick Lee, Adam Rae

 Stifel Nicolaus Europe Limited (Joint Broker)                +44 (0) 20 7710 7760

 Callum Stewart, Ashton Clanfield
 Celicourt Communications (Financial PR)                      +44 (0) 20 7770 6424

 Mark Antelme, Jimmy Lea

 

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 a high value, low risk gas development
project offshore Morocco in 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 and the Government of
Mauritania on the potential development of a 10GW green hydrogen project,
named Project Nour in Mauritania and is 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 (https://chariotenergygroup.com)

 

 

 

 

 

 

 

 

 

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