• The US$2.7 mm cash position at the end of June is in line with our expectations.
• Although inflation across the industry and rig availability had complicated and delayed the finalization of a farm-in agreement for Anchois in Morocco, negotiations on partnering are in the final stages. A partner could be announced very soon.
• Progress has been made across the portfolio. Onshore Morocco, permitting is under way with drilling now expected to start in early 2024 with up to four wells. Prospects ....

19 Sep 2023
Chariot Limited (AIM: CHAR): Imminent partner in Morocco

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Chariot Limited (AIM: CHAR): Imminent partner in Morocco
Chariot Limited (CHAR:LON) | 14.0 0 (-2.1%) | Mkt Cap: 149.5m
- Published:
19 Sep 2023 -
Author:
Stephane Foucaud -
Pages:
5 -
• The US$2.7 mm cash position at the end of June is in line with our expectations.
• Although inflation across the industry and rig availability had complicated and delayed the finalization of a farm-in agreement for Anchois in Morocco, negotiations on partnering are in the final stages. A partner could be announced very soon.
• Progress has been made across the portfolio. Onshore Morocco, permitting is under way with drilling now expected to start in early 2024 with up to four wells. Prospects ....