LONDON, UK: Chariot Limited (AIM: CHAR), the Africa focused transitional energy company, has been formally awarded the Rissana Offshore Licence in Morocco.
Mrs Amina Benkhadra, General Director Office National des Hydrocarbures et des Mines, commented: “We are pleased to formally award Chariot the Rissana licence, offshore Morocco. ONHYM and Chariot recently conducted a highly successful drilling campaign in Morocco and we hope that we will be able to have similar success on Rissana.”
Adonis Pouroulis, Acting CEO, commented: “We are delighted to have been formally awarded the Rissana licence. As we demonstrated with our recent successful drilling campaign at Anchois, this is a highly prospective basin and, along with the Lixus Offshore Licence, the award of Rissana ensures that we have captured the exploration upsides in this exciting play. In parallel with the development plans on the Anchois gas field, we aim to maximise value from the exploration upsides in what we believe is a low risk and high value opportunity.”
Chariot is an African focused transitional energy group with two business streams, Transitional Gas and Power.
Chariot Transitional Gas is a high value, low risk gas development project with strong ESG credentials in a fast-growing emerging economy with a clear route to early monetisation, delivery of free cashflow and material exploration upside. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power. Additionally in September 2021, Chariot announced its partnership with the Government of Mauritania for the potential development of a large-scale green hydrogen project.
The ordinary shares of Chariot Limited are admitted to trading on the AIM under the symbol ‘CHAR’.