Operational Update on Anchois-3 Drilling

Chariot Limited (AIM: CHAR), the Africa focused transitional energy group, provides an update regarding the Anchois-3 well currently being drilled at the Anchois gas project in the Lixus Offshore licence, offshore Morocco (Energean 45%, Operator, Chariot 30%, ONHYM 25%).

Chariot confirms that operations in respect of the Anchois-3 well are ongoing.

• Main Hole ("Anchois-3ST") operations are under way as per the operational plan. Preliminary interpretation indicates the presence of gas bearing reservoirs in the B sands, being an appraisal objective of the well and further detailed work will be needed to understand the impact of these results. Drilling operations continue to evaluate deeper appraisal and exploration objectives.
• The primary objective of the initial Pilot Hole was to evaluate the upside exploration potential of reservoirs in the Anchois Footwall prospect, which were found but are interpreted to be water bearing. This hole was plugged and abandoned prior to sidetracking and drilling the Main Hole.
• Further updates will be provided as appropriate.