Chariot Oil & Gas Ld 3D Seismic Programme Commenced, Namibia (1111M)
January 18 2016 - 2:00AM
UK Regulatory
TIDMCHAR
RNS Number : 1111M
Chariot Oil & Gas Ld
18 January 2016
18 January 2016
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
3D Seismic Programme Commenced, Namibia
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins
focused oil and gas exploration company, today announces that in
conjunction with its partners AziNam (20%), NAMCOR (10%) and
Ignitus (5%), it has commenced a 3D seismic acquisition survey of
approximately 2,600 square km in Blocks 2312 & 2412A (the
"Central Blocks") offshore Namibia. The survey is being conducted
by PGS Exploration (UK) Limited and will fulfil the work commitment
for the Central Blocks.
Following the analysis of its survey of approximately 1,700 line
km of 2D seismic data acquired on the north western flank of the
licence in 2015, the Company has identified several significant
additional leads within the Upper Cretaceous deep water clastic
turbidite system. Whilst there are drill ready prospects already
identified in the Central Blocks, this 3D survey will enable
Chariot and its partners to mature these new leads and further
develop its inventory in this region, which it believes to contain
giant prospectivity. The survey is expected to take approximately
40 days.
For further information please
contact:
Chariot Oil & Gas Limited
Larry Bottomley, CEO +44 (0)20 7318 0450
finnCap (Nominated Adviser)
Matt Goode, Christopher Raggett +44 (0)20 7220 0500
Jefferies International Limited
(Broker)
Chris Zeal, Max Jones +44 (0)20 7029 8000
EMC(2) Advisory (Media Contact)
Natalia Erikssen +44 (0)78 0944 0929
NOTES TO EDITORS
About Chariot
Chariot Oil & Gas Limited is an independent oil and gas
exploration group. It holds licences covering four blocks in
Namibia, one block in Mauritania, two blocks in Morocco and four
licences 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 Market of the London Stock Exchange
under the symbol 'CHAR'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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