Broker sees rich pickings in oil and gas sector
Selective speculators can beat a market that is expected to grow at least 10% thanks to higher oil prices and resurgent confidence.
Company
Chariot Ltd
LON:CHAR
Chariot is an Africa focused energy group with two core business streams: Upstream Oil and Gas and Renewable Power. Chariot’s Upstream Oil and Gas pillar is focused on building out a full value chain growth business within Africa. Alongside securing a footprint in Angola, Chariot holds a diverse portfolio in Morocco and is pursuing a range of new ventures across production, development and exploration opportunities. Chariot’s Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent. Chariot is also continuing to advance its green hydrogen asset, Project Nour in Mauritania.
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FIVE at FIVE: COPL and Chariot shine with new discoveries, Aldi enjoys excellent Christmas, The Hutt Group laments hedgies (and don't forget the FTSE)
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Chariot price target doubled on new Moroccan discovery
The appraisal well has come up trumps says FinnCap, which has hiked its price target.
Chariot confirms 'significant' gas discovery at Anchois-2 well offshore Morocco
Adonis Pouroulis described it as a “tremendous outcome” for the company.
Chariot raises US$2mln in significantly oversubscribed open offer
The open offer equity funding was very well supported by investors.
Chariot: City broker repeats 15p price target and 'buy' recommendation after drill update
Chariot’s acting chief executive, Adonis Pouroulis, called the drilling programme ‘potentially transformational’
Chariot rig arrival highlights high-impact Anchois drilling says broker
Peel Hunt expects drilling operations on the Anchois 2 appraisal/exploration well to commence immediately.
Chariot says 'potentially transformational' two-well programme offshore Morocco set to kick off
The Stena Don drillship is now onsite, investors were told
Chariot oversubscribed placing raises £7.1mln; could net further £1.5mln from open offer
Cash will be deployed to re-enter a well offshore Morocco and on other ‘value accretive work’
Chariot mobilises rig for gas project offshore Morocco
"We are excited for drilling operations to get underway at Anchois," Adonis Pouroulis said
Chariot’s tie-up with Total kicks its renewable energy business up a gear
The AIM-quoted firm will be able to participate, with between 15% and 49% interest, in solar and wind power projects in Africa.
Chariot and Total team up for African renewable projects
"This partnership is looking to provide clean, sustainable, and more competitive energy to operational mines in Africa," Chariot chief Adonis Pouroulis said
Chariot strikes deal that promises to unlock development of Achois gas project
“This agreement will help expedite the development of this value accretive gas project, for the benefit of all stakeholders," said Adonis Pouroulis
Chariot says on-track to start drilling at Anchois well in December
The company continues to advance its gas project offshore Morocco and, separately, its pipeline of renewable energy opportunities in Africa
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Chariot to work with Mauritania government to develop 10GW green hydrogen project
Mauritania's solar and wind resources mean Project Nour has the potential to allow Mauritania to produce the cheapest green hydrogen in Africa
Chariot signs up Halliburton for Anchois appraisal well
Preparations for the programme are 'on-track' for drilling o start in December, the company said
Proactive weekly Oil & Gas highlights: Deltic Energy, Zephyr, Chariot, United, San Leon, Challenger Energy Group
It was another active week in the small-cap oil and gas sector.
Chariot signs contract with Stena Drilling for off-shore Morocco well
Chariot recently raised money to conduct a drilling campaign
Chariot appoints drilling manager for planned gas appraisal well offshore Morocco
He has worked with the company before, leading its drilling in Namibia in 2018, which was operated safely, on time and under budget
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Oil price, Chariot, Scirocco, DEC. And finally…
Oil will likely finish the week a couple of bucks better, it is flat today but the week has seen yet more favourable economic data particularly US unemployment and manufacturing information. Worth also noting as before this week that natura
Chariot highlights “exciting and important phase” as energy transition business advances
Boosted by a recapitalisation in the second quarter of 2021 the company is now advancing to capitalise on its opportunities.
Chariot Oil & Gas to complete renewable power acquisition imminently
“The launch of Chariot Transitional Power places the company in a unique position in the market,” said Adonis Pouroulis
Chariot Oil & Gas raises £11.7mln in share placing to accelerate growth
Further funds will be raised by open offer - meanwhile, chief executive Adonis Pouroulis says it's a key turning point in the evolution of the company
Chariot Limited adds renewables edge to portfolio
Company has changed name to Chariot Limited to reflect broadening of focus
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Malcy's Blog - Oil price, Chariot. And finally…
Oil price Oil is coming back down, all the reasons cited in the last few days remain but right now it is questions over the AZ vaccine and of course as predicted yesterday Germany going back into lockdown until mid-April. It’s retail gasoli
Chariot Oil & Gas to reboot with deal to acquire African renewable energy business
The company will be renamed "Chariot Transitional Energy" alongside the acquisition of a renewable energy provider to Africa's mining industry.
Chariot Oil & Gas takes significant step with new Morocco agreement
The agreement confirms the governments support for the gas field development project, that’s 75% owned by Chariot.
Chariot Oil & Gas inks collaboration to fast-track gas project to production
"Chariot is clearly showing that it is delivering on what it said it would do, namely, advancing the commerciality of the Lixus asset and generating value to shareholders in the process," Adonis Pouroulis said
Chariot Oil & Gas secures new acreage offshore Morocco
"We have shown Chariot's strong commitment to both the Anchois gas project as well as to Morocco,” said acting chief executive Adonis Pouroulis
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Proactive news headlines: Chariot Oil & Gas, Sensyne Health, Itaconix, Franchise Brands …
A glance at some of the day's highlights from the Proactive Investors newswire
Chariot Oil & Gas soars as lenders approach it to finance development of Anchois discovery
Both financial institutions have identified Chariot's Lixus licence as an important strategic asset for Morocco.
Chariot Oil & Gas appoints Morocco Country Director
Pierre Raillard brings a wealth of regional and industry experience
Chariot Oil & Gas highlights exciting phase in its evolution
"This is an exciting phase in the evolution of the company as the new team takes action to drive the Lixus opportunity forward," Adonis Pouroulis said.
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Proactive news headlines: Chariot Oil & Gas Belvoir Group, Blackbird, Frontier IP Group ...
A glance at some of the day's highlights from the Proactive Investors newswire
Chariot Oil & Gas significantly increases gas resources offshore Morocco
"This asset has the capacity to be a value accretive and long-term project of national significance to Morocco,” said acting chief executive Adonis Pouroulis
Chariot Oil & Gas announces departure of chief executive Larry Bottomley
"I would like to thank Larry for the significant contribution he has made to Chariot over the past 9 years," said chairman George Canjar
Chariot Oil & Gas continues to advance work to unlock Morocco gas project
Advancing the Anchois gas project towards development is the key focus for the remainder of 2020
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Malcy's Blog - Oil price, Chariot, IGas, Pantheon
IGas Energy (AIM:IGAS) IGas Finals today showing a laudable strength in depth in the current market mainly due to its exposure to onshore conventional plays with its eminent flexibility. Production was 2,325 boepd (2,258) in line with guida
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Proactive news snapshot: Tiziana Life Sciences, Circassia Pharma, Supermarket Income REIT …
A glance at some of the day's highlights from the Proactive Investors newswire
Chariot Oil & Gas “open to opportunities”, focus on Moroccan gas and capital discipline
Chariot benefits from having cash resources, no debt and no work commitments
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Malcy's Blog: Oil price, Chariot, Columbus - And finally...
Columbus Energy Resources (LON:CERP) Just catching up on Columbus after yesterday’s update about the Saffron onshore well in Trinidad. Looking at the share price to see what the market thought of the announcement was no help at all so there
Chariot Oil & Gas highlights balance across portfolio as it advances Morocco development project
“Our cash position substantially exceeds our commitments and, with the significant interest received in our data rooms, we are confident about our ability to achieve on our near-term goals in Morocco.”
Chariot Oil & Gas reveals new Morocco report shows 2 TCF of gas resources
The emerging Morocco asset presents both near term development opportunity and 'blue sky' exploration potential - all of which would be at significant scale, according to the new independent report.
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Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
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Proactive oil & gas highlights: Hurricane Energy, Union Jack Oil, Sound Energy…
A look back at some of the highlights from London’s junior oilers over the past week...
Archive
Proactive news snapshot: Westminster Group, Summit Therapeutics, Ethernity Networks, Hurricane Energy ...
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
K3 Business bemoans Brexit-related disruption
A look at some of the day's major movers, including Helical, Modern Water, Local Shopping REIT, Team17, TechFinancials, Westminster Group, Verditek and Pelatro
Chariot Oil & Gas confirms viability of Anchois gas field
Recent studies have shown that Chariot has a couple of ways to develop Anchois, while they also highlighted the “attractive” and high-growth Moroccan energy market
Archive
FTSE 100 closes firmly higher; Ashtead Group top dog
Britain's blue-chip benchmark closed up nearly 86 points at 7,443, while the FTSE 250 added over 154 points at 19,311
Archive
Proactive news snapshot: Argo Blockchain, Sareum Holdings, WideCells Group …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
EQTEC gives ground as it draws on its loan facility
A look at the day's major movers, including Carclo, Sareum, Karelian, Kier, Fulcrum, Microsaic, Dignity and Scapa
Investments and investor services
FTSE 100 closes higher despite continued trade worries
The UK's blue-chip benchmark added over 23 points to close at 7,184
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Proactive weekly oil and gas highlights: Chariot Oil & Gas, VOG, Sound Energy, Tower Resources, Mosman
It was a shorter, quieter week in the small-cap oil and gas sector.
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Proactive news snapshot: Rambler Metals and Mining, Highlands Natural Resources, Chariot Oil & Gas...
A glance at some of the day's highlights from the Proactive Investors newswire
Chariot Oil & Gas reveals quick-fire resource upgrade for new Morocco asset
Just weeks after acquiring the Anchois project the company today reveals an upgrade to gas resources, which are now seen at around one trillion cubic feet.
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Proactive oil and gas weekly highlights: Eco Atlantic Oil & Gas, Gulf Keystone Petroleum, Europa Oil & Gas ...
It was another busy week in the oil and gas sector with funding deals, project updates and customary financial results.
Archive
G4S shares surge as Canadian security firm confirms reports of possible takeover bid
A look at some of the top risers and fallers in London on Wednesday
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Proactive news snapshot: Anglo Asian Mining, PowerHouse Energy, Alliance Pharma …
A glance at some of the day's highlights from the Proactive Investors newswire
Chariot Oil & Gas highlights strong cash position and Morocco acquisition boost
A new asset acquisition changes the outlook for Chariot which now has a lower-risk path to cash-flow, to complement its high-risk and high impact frontier exploration ventures
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FTSE 100 ends flat as the market awaits the outcome of EU leaders emergency meeting on Brexit
The raft of macro-economic news from the US, the UK and ECB policy failed to cheer the FTSE 100 as the focus turned to the meeting in Brussels
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Proactive oil and gas weekly highlights: Eco Atlantic, Chariot Oil & Gas, Block Energy, Sound, Mosman, Jersey Oil and Gas
It was another eventful week in the small cap oil and gas sector.
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Small cap movers: ASOS shrugs off wrath of ‘influencers’ as its returns policy cracks down on “the hashtag moment”
A look back at some of the more interesting stories from the junior market over the past week
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Stagecoach and Winkworth trade strongly, Lighthouse lit up on Quilter deal
Here's a look at Wednesday's big share price movers.
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Proactive news snapshot: Chariot Oil & Gas, African Battery Metals, AdEPT Technology, Minds + Machines …
A glance at some of the day's highlights from the Proactive Investors newswire
Chariot Oil & Gas expands Morocco footprint with acquisition of Lixus licence
“The award of the Lixus licence provides Chariot with a discovered resource base offering a low-cost development opportunity and significant upside,” said chief executive Larry Bottomley.
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FTSE 100 finishes higher as Brexit rumblings continue
Footsie gained around 27 points at 7,418, while FTSE 250 added 234 points at 19,563
Chariot Oil & Gas turns focus to Moroccan and Brazilian assets
The oiler is targeting the drilling of the Mohammedia licence prospect MOH-B, which has a gross mean prospective resource of 637mln barrels in two targets
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Proactive Weekly oil & gas highlights: Block Energy, Solo Oil, Echo Energy, Sound Energy ...
It was another busy week in the junior oil and gas space
Investments and investor services
Edenville Energy falls as it notifies shareholders of plans to switch Nomad
A look at the day's major movers, including RM, MySale, Bilby, MC Mining and Bango
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Proactive news snapshot: Eurasia Mining, Bango, Telit Communications …
A glance at some of the day's highlights from the Proactive Investors newswire
Chariot Oil & Gas focused on delivering an exploration well in Morocco
The company has identified an inventory of prospects in the Rabat 1 play, offshore Morocco. Chariot is targeting the drilling of the Mohammedia licence prospect MOH-B, which has a gross mean prospective resource of 637mln barrels in two tar
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Crest Nicholson shares fall on profit warning while Accesso advances on Groupon deal
A look at some winning and losing shares in the UK equity market on Wednesday
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Proactive news snapshot: PowerHouse Energy, Ariana Resources, ValiRx …
A glance at some of the day's highlights from the Proactive Investors newswire
FTSE 100 closes in the red as May set to address EU27
The FTSE 100 falls 35 points to 7,025, while Dow falls more than 300 points
Proactive Investors weekly oil highlights: IGAS Energy, Chariot Oil & Gas, DGOC, UKOG, Columbus Energy, Anglo African Oil & Gas
It was another busy week in the smal cap oil and gas sector.
Archive
Proactive news snapshot: Argo Blockchain, Chariot Oil & Gas, FFI Holdings...
A glance at some of the day's highlights from the Proactive Investors newswire
Chariot Oil & Gas reveals disappointing Prospect S well result
"Whilst very disappointing that we have not established a hydrocarbon accumulation in the prospect, we have learnt valuable information about the reservoir potential of these turbidite systems"
Investments and investor services
FTSE 100 closes down nearly 2% as the big sell-off continues
The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
Proactive Weekly Oil & Gas highlights: Total, SSE, Tullow, Chariot, United Oil & Gas, Cadogan Petroleum, 88 Energy, Aminex
The last week of September, as is typical, brought the obligatory series of financial results statements across the oil and gas sector.
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Proactive news snapshot: Strategic Minerals, Immotion, Mirada, Live Company Group...
A glance at some of the day's highlights from the Proactive Investors newswire
Drilling set to begin shortly at Chariot Oil & Gas’ Prospect S well offshore Namibia
The Ocean Rig Poseidon is due to arrive at the location in the next 24 hours, with spudding of the well expected shortly after
FTSE 100 closes lower but up on the week as Italy rattles European markets
FTSE 100 closed the day 35 points lower as the situation in Italy rattled markets
Eco Atlantic Oil & Gas gets environmental greenlight for offshore Namibia drilling
It sets Eco and partner Tullow Oil up to drill the Osprey exploration well next year, but ahead of that attention will be on an upcoming Chariot Oil & Gas well which will be the next test in the frontier
Archive
Small cap movers: Hornby sparkles as it inks Harry Potter franchise deal with Warner Bros
A look back at some of the more interesting stories from the junior market over the past week
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US interest rate hike eyed, as retailers, tour operators and utilities provide updates in coming week
Aside from the latest Federal Reserve policy meeting, the week ahead will bring updates from the likes of Next, Thomas Cook, TUI, United Utilities, and Pennon
Water Intelligence shares in positive territory after strong first half performance
A look at some of the top risers and fallers in London on Wednesday
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Proactive news snapshot: Erris Resources, Faron Pharma, Chariot Oil & Gas …
A glance at some of the day's highlights from the Proactive Investors newswire
Chariot Oil & Gas looks ahead to Namibia opportunity
The year started with a disappointing well, investors will be hoping it will end in exploration success offshore Namibia.
FTSE 100 closes higher with pound volatile, as tobacco stocks fire up on FDA move
The UK blue chip index rose 34 points to 7,308 around 3.40pm
Well-received interim results boost Biome Technologies and Gamma Communications
A look at some of the biggest risers and fallers in London on Monday
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Proactive news snapshot: Hurricane Energy, SkinBioTherapeutics, Tissue Regenix …
A glance at some of the day's highlights from the Proactive Investors newswire
FTSE 100 sails higher, bolstered by stumbling sterling
The UK blue-chip index finished up over 72 points at 7,504, while the mid-cap FTSE 250 was also higher
Eco Atlantic Oil & Gas looks forward to September catalysts offshore Guyana
Seismic interpretation, a farm-out milestone and a new competent persons report are in September's schedule
Proactive weekly oil and gas highlights: BP, Shell, Chariot, Sound Energy, Eland, Bahamas Petroleum, United Oil & Gas, i3 Energy
London's two largest oilers led a busy week, but, there was plenty small cap news too.
Archive
Huntsworth sinks as it experiences cash outflow despite profit and revenue rise
A look at some of the biggest risers and fallers in London on Tuesday
Archive
Proactive news snapshot: Avacta Group, MySQUAR, Live Company Group …
A glance at some of the day's highlights from the Proactive Investors newswire
Chariot Oil & Gas Limited focusing on new well opportunity offshore Namibia
Prospect S offshore Namibia is Chariot's next shot at a big target, drilling is slated for the fourth quarter this year and it will be closely watched by investors
FTSE 100 closes firmly higher with miners taking the top spots
The global financial body added that several countries, including the US and UK, had excessive current account deficits and borrowed too much
Chariot Oil & Gas given option to partner Shell offshore Mauritania
“Chariot considers the C-19 block has the potential to deliver material hydrocarbon accumulations"