Chariot Oil & Gas (GB:CHAR) has released an update.
Chariot Limited, an Africa-focused transitional energy group, has initiated drilling operations at the Loukos Onshore license in Morocco, targeting the Gaufrette prospect, which could hold significant recoverable resources. The company, which holds a 75% stake in partnership with ONHYM, has a positive outlook for the project, with the potential for a combined 26 Bcf of resources across linked prospects. Chariot anticipates announcing the drilling results after completion and continues to explore further prospects in the region.
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