Chariot awarded Rissana Offshore Licence, Morocco
Chariot Limited (AIM: CHAR), the Africa focused transitional energy company, announceg that it has been formally awarded the Rissana Offshore Licence (“Rissana”) in Morocco.
• 75% interest and operatorship of the Rissana licence awarded to a wholly owned subsidiary of Chariot Limited in partnership with the Office National des Hydrocarbures et des Mines (“ONHYM”) which will hold a 25% interest.
• Rissana (approximate area 8,489 km2) surrounds the offshore area of Chariot’s existing Lixus Offshore Licence (“Lixus”), where the Company, in January 2022, announced the conclusion of successful drilling operations at the Anchois field, including significant new gas discoveries.
• Provides material additional potential running room on-trend with the Anchois gas discovery and reinstates the highest potential areas of the former Mohammedia Offshore area into Chariot’s portfolio.
• Initial minimum licence commitment is the acquisition of a 2D seismic survey, which will help to evaluate the extension and potential of these gas plays across Rissana.
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