Chariot O&G: Update on Namibian Blocks 2312 & 2412A

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, today provides an update on its Namibian Blocks 2312 & 2412A:

  • –  Competent Person’s Report (“CPR”) completed on Blocks 2312 & 2412A (the “Central Blocks”) offshore Namibia based on the 2016 3D seismic programme identifying five structural prospects each ranging 283 – 459mmbbls gross mean prospective resources.
  • –  Preparation for drilling in the Central Blocks has been initiated through the commissioning of an Environmental Impact Assessment (“EIA”) for the drilling of certain prospects identified in the CPR.

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