Chariot Limited Faces Setback in Anchois-3 Drilling

Chariot Oil & Gas (GB:CHAR) has released an update.

Chariot Limited has reported mixed outcomes from their Anchois-3 well drilling campaign in Morocco, with the appraisal revealing lower-than-expected gas reserves in the B sand interval and water-wet reservoirs elsewhere. The Anchois-3 Main Hole has been sealed and abandoned, and the company, along with its partners, is assessing future steps for the project. CEO Adonis Pouroulis expressed disappointment over the primary exploration targets but noted the value of the data collected for the field’s understanding.

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