Chariot O & G Issues AGM Statement and Operational Update
OREANDA-NEWS. Chariot Oil & Gas, the Atlantic margin focused oil and gas exploration company, will be holding its Annual General Meeting at The Priestly Room, The Chemistry Centre, Burlington House, Piccadilly, London W1J 0BA London. Larry Bottomley, Chief Executive Officer, will give a brief presentation covering the topics outlined below which is also available on the Company website. There will be no new material information disclosed.
We will interpret the recently acquired 3D seismic data to define targets for drilling and identify follow-on potential within the Licences. We also aim to determine a potential drilling location on the giant carbonate prospect identified within the Rabat Deep Licence in order to, subject to partnering, drill here in 2015.
A dataroom process has been initiated across our Moroccan acreage and we will update the market with progress on this as appropriate. In addition, more than 10 wells are due to be drilled by other parties to test the Pliocene, Jurassic and Early Cretaceous plays offshore Morocco during the next two years, the 3 play types identified within Chariot acreage. Whilst the information that Chariot can glean from these outcomes will not necessarily directly impact the prospectivity of our acreage, it will provide important detail to ensure that we optimize our drilling decisions.
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