Commencement of Drilling Operation Onshore Morocco
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your CHAR notes
Chariot Limited (AIM: CHAR), the Africa focused transitional energy group, is pleased to announce the spud of the OBA-1 well on the Dartois prospect in the Loukos Onshore licence ("Loukos") onshore Morocco (Chariot, Operator 75%, ONHYM, 25%)
- Dartois target has Best Estimate recoverable prospective resources of 12 Bcf
- Independent prospect targeting a different trapping style to the Gaufrette prospect drilled by the RZK-1 well
- Success could potentially unlock a trend of prospects with combined Best Estimate recoverable prospective resources of 20 Bcf
- Results will be announced on completion of drilling
Duncan Wallace, Technical Director of Chariot commented:
"We are pleased to be underway with our second well in this drilling campaign, having spud the OBA-1 well within short order of completing operations at Gaufrette. We are now testing an independent prospect at Dartois, which is in a different reservoir fairway and along trend from an existing gas discovery, and we look forward to providing an update on the results in due course."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.