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Chariot Oil and Gas to raise more than £15mln to add second well to campaign

Published: 19:15 27 Feb 2018 AEDT

Larry Bottomley, chief executive of Chariot Oil & Gas Limited (LON: CHAR), discusses with Proactive's Andrew Scott their intention to raise more than £15mln through a placing and open offer to allow them to add a second well to their 2018 exploration campaign.

Bottomley says they're keen to test Prospect S, offshore Namibia.

This will be in addition to the 10% owned Rabat Deep exploration well, offshore Morocco, which will be drilled later this year by Eni.

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...

on 4/6/18