Chariot has released a Competent Persons Report (CPR) for the Anchois discovery and satellite prospects on its recently awarded Lixus licence, offshore Morocco. This validates and raises management’s previous gas resource estimates for these prospects by 6% to 1 tcf. At this early stage, we are only adding the Anchois North priority prospect to our risked-NAV, which raises this and our price target from 37p to 41p/sh. However, these satellite prospects offer significant further upside p
09 May 2019
Chariot Oil & Gas - Anchois satellites CPR
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Chariot Oil & Gas - Anchois satellites CPR
Chariot Limited (CHAR:LON) | 8.5 0 (-3.0%) | Mkt Cap: 90.8m
- Published:
09 May 2019 -
Author:
Jonathan Wright -
Pages:
7
Chariot has released a Competent Persons Report (CPR) for the Anchois discovery and satellite prospects on its recently awarded Lixus licence, offshore Morocco. This validates and raises management’s previous gas resource estimates for these prospects by 6% to 1 tcf. At this early stage, we are only adding the Anchois North priority prospect to our risked-NAV, which raises this and our price target from 37p to 41p/sh. However, these satellite prospects offer significant further upside p