Chariot Limited

Chariot announces that the Stena Forth drillship has arrived on location & drilling operations have commenced on the Anchois East well (now named “Anchois-3”).   Adonis Pouroulis, CEO of Chariot, commented: “We are very pleased to commence this highly anticipated well at the Anchois gas field. We see significant upside potential and value from the prospective resources in the pilot hole and main hole targets which could increase the resource base to over 1Tcf and we look forward, on success, to moving towards a Final Investment Decision as quickly as possible. I’d like to thank the team for all their hard work across the planning, logistics and well design requirements to date and we look forward to providing further updates as we progress through the operational phases of this campaign.”   The full announcement can be found here: https://lnkd.in/eyhMYWb7 #CHAR #ChariotEnergy #Morocco

Chariot announces that it has received a take-up of 197% of the Open Offer Shares available, resulting in a significantly oversubscribed Open Offer, which has conditionally raised total gross proceeds of ca.$2m.   Julian Maurice-Williams, CFO of Chariot, commented: “We are grateful to our shareholders for their considerable support, which has enabled Chariot to deliver a further $2 million via this significantly oversubscribed Open Offer, bringing the total fundraise to $9 million gross. This is an exciting period for the Company, and we look forward to updating all our stakeholders on the imminent drilling campaign at Anchois, alongside progress across the wider Group, over the coming months.”   The full announcement can be found here: https://lnkd.in/e_KtSjte

#CHAR is pleased to share that Etana Energy has secured a deal with Tharisa which will see its mine, situated in the Bushveld Complex, South Africa, provided with wheeled #renewableenergy. 44% of Tharisa Mine's electricity energy demand will be met via energy from #wind and #solar farms using the existing transmission grid. This will supplement the energy produced by the mine's 40MW solar power plant being developed by TotalEnergies and Chariot's Transitional Power business.

Chariot’s Management will conduct an investor presentation via Investor Meet Company at 11am UK on 24 July. The presentation is open to all existing and potential shareholders & questions can be submitted during the presentation. Sign up and register here: https://lnkd.in/d2F5HAh

Chariot is pleased to announce that it has successfully raised net proceeds of $6.4m by way of an oversubscribed Placing and Subscription. Chariot plans to raise up to a further $2m via an Open Offer, the details of which can be found here: https://lnkd.in/eh-VrJWG

Pierre Raillard, Morocco MD, spoke with Proactive about the Heads of Terms agreement Chariot has signed with Vivo Energy. https://lnkd.in/e3E7wmPx

Chariot announces that it has signed a Heads of Terms agreement with Vivo Energy regarding future natural gas offtake from the Loukos Onshore licence in Morocco.   The aim of the agreement is to set out the next steps for implementing a gas to industry business through, on one side, commercialisation of domestic gas and, on the other, the creation of a midstream CNG partnership to supply Morocco’s growing industrial energy needs.   Pierre Raillard, Chariot Morocco Managing Director commented, “We are delighted to extend our collaboration with Vivo Energy into the onshore, which benefits both of us as partners and aims to instigate further development of Morocco’s gas network. This agreement sets out a path where we can look to rapidly commercialise future production from Loukos, potentially unlocking the development of pre-existing gas discoveries as well as the OBA-1 well and enabling organic growth through future exploration. This will be undertaken in coordination with our upstream partner ONHYM with an initial focus on the existing markets. It will also leverage our gas production to support Vivo’s wider development of CNG virtual pipeline infrastructure and, as part of a potential midstream partnership, Chariot could have direct exposure to not only Loukos sales but also gas distribution income in country from a wider pool of sources.”   The full announcement can be found below.

Chariot CEO Adonis Pouroulis was pleased to take part in a talk today on “Africa’s Energy Transition - Leveraging Natural Gas To Achieve Energy Sustainability” hosted by The Energy Council. #naturalgas #energytransition

Chariot, via its 49% holding in Etana Energy, announces the signing of a 10yr power purchase agreement with the V&A Waterfront, Cape Town (SA), to deliver 43 gigawatt hours of renewable energy a year. https://lnkd.in/eQ3U_8CZ

La société Chariot souhaite un Eid Mubarak à tous ceux qui célèbrent ! Que cette journée spéciale vous apporte paix, prospérité et bonheur à vous et à vos familles. Saisissons cette opportunité pour favoriser la compréhension et l'unité au sein de nos communautés. #EidMubarak #Communauté #Paix #Prospérité #Chariot Wishing a joyous and blessed Eid to all who celebrate! May this special day bring peace, prosperity, and happiness to you and your families. #EidMubarak #Community #Peace #Prosperity