Chariot has been offered a zero-cost option to take a 10-20% stake in Block C-19 in Mauritania by Shell in recognition of its knowledge and technical expertise across this acreage, which Chariot previously owned. Management will now consider this option from a risk management, value and capital discipline perspective. In tandem, it has a farm-down process ongoing in three regions; an improving backdrop to these discussions raises the likelihood of success in the coming months, for which there
23 Jul 2018
Chariot Oil & Gas - Mauritania acreage option
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Chariot Oil & Gas - Mauritania acreage option
Chariot Limited (CHAR:LON) | 1.7 0 3.4% | Mkt Cap: 48.4m
- Published:
23 Jul 2018 -
Author:
Jonathan Wright -
Pages:
3 -
Chariot has been offered a zero-cost option to take a 10-20% stake in Block C-19 in Mauritania by Shell in recognition of its knowledge and technical expertise across this acreage, which Chariot previously owned. Management will now consider this option from a risk management, value and capital discipline perspective. In tandem, it has a farm-down process ongoing in three regions; an improving backdrop to these discussions raises the likelihood of success in the coming months, for which there