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Chariot Oil and Gas secures rig for Prospect S offshore Namibia

Larry Bottomley, chief executive of Chariot Oil and Gas Limited (LON:CHAR), tells Proactive's Andrew Scott all is on track to begin deepwater drilling at their Central Blocks licence offshore Namibia in the fourth quarter of this year.

Chariot's  contracted the Ocean Rig Poseidon drillship to drill one firm well – Prospect S – and one optional well.

Quick facts: Chariot Oil and Gas plc

Price: 3.2 GBX

AIM:CHAR
Market: AIM
Market Cap: £11.76 m
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Chariot Oil & Gas evaluating well data after 'disappointing' result at Rabat...

Larry Bottomley, chief executive of Chariot Oil & Gas Limited (LON:CHAR) discusses with Proactive's Andrew Scott the Rabat Deep exploration well, offshore Morocco, which has failed to find a hydrocarbon accumulation. Bottomley says the well was drilled safely to a depth of 3,180...

on 2/5/18

2 min read