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Chariot Oil & Gas ( (GB:CHAR) ) has shared an announcement.
Chariot Limited has announced its 2024 final results, highlighting significant developments across its energy projects in Africa. The company plans to split into two distinct businesses—Upstream Oil and Gas, and Renewable Power—to maximize shareholder value and unlock unrecognized potential. Key achievements in 2024 include successful drilling campaigns in Morocco, strategic partnerships for renewable projects, and securing substantial financing for electricity trading. These initiatives position Chariot to deliver material growth and align with the increasing demand for sustainable energy solutions in Africa.
The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.
More about Chariot Oil & Gas
Chariot Limited is an Africa-focused energy group with two main business streams: Upstream Oil and Gas and Renewable Power. The company is dedicated to developing a full-value chain upstream growth business within Africa, with a diverse footprint in Morocco and a focus on oil and gas opportunities. Additionally, Chariot’s Renewable Power business aims to provide competitive, sustainable, and reliable energy through renewable power generation and trading in South Africa, as well as advancing power-to-mining and water projects across the continent. Chariot is also progressing its green hydrogen asset, Project Nour in Mauritania, and a 1 MW electrolyser pilot project in Morocco.
Average Trading Volume: 3,326,320
Technical Sentiment Signal: Sell
Current Market Cap: £23.43M
See more insights into CHAR stock on TipRanks’ Stock Analysis page.