REG - Chariot Limited - Rig Mobilisation

ChariotAnnouncement

01/12/2021 07:00

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RNS Number : 1167U  Chariot Limited  01 December 2021

 

 

 

 

 

 

 

1 December 2021

 

 

Chariot Limited

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

 

Rig Mobilisation

Moroccan gas appraisal well operations to commence in mid-December 2021

 

Chariot (AIM: CHAR), the Africa focused transitional energy company, is
pleased to announce that the Stena Don drilling rig has commenced its
mobilisation to Morocco. Chariot has contracted this rig to conduct drilling
operations on the Anchois gas field within the Lixus licence, offshore
Morocco, with operations anticipated to commence in mid-December 2021.

 

Adonis Pouroulis, Acting CEO of Chariot, commented:

"We are excited for drilling operations to get underway at Anchois and we look
forward to keeping the market updated on developments as appropriate."

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.

 

For further information please contact:

 

 Chariot Limited                                   +44 (0)20 7318 0450

 Adonis Pouroulis, Acting CEO

 Julian Maurice-Williams, CFO

 finnCap (Nominated Adviser and Joint Broker)      +44 (0)20 7220 0500

 Christopher Raggett, Simon Hicks, Edward Whiley

 Peel Hunt (Joint Broker)                          +44 (0)20 7418 8900

 Richard Crichton, David McKeown

 Celicourt Communications (Financial PR)           +44 (0)20 8434 2754

 Mark Antelme, Jimmy Lea

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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