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Chariot Oil & Gas ( (GB:CHAR) ) has issued an announcement.
Chariot Limited has regained operatorship of the Lixus and Rissana offshore licences in Morocco, now holding a 75% working interest in each. The Anchois gas field, located in the Lixus licence, remains a key focus, with plans to adapt the development plan based on discovered resources. This move strengthens Chariot’s position in the Moroccan energy market, where robust gas demand and favorable fiscal terms present significant opportunities for growth.
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 transitional energy group with three main business streams: Transitional Gas, Transitional Power, and Green Hydrogen. The company is involved in high-value gas development projects in Morocco, offering a clear route to early monetization and material exploration upside. Chariot also provides sustainable energy and water solutions across Africa and is involved in a significant green hydrogen project in Mauritania.
Average Trading Volume: 2,767,208
Technical Sentiment Signal: Sell
Current Market Cap: £16.15M
For a thorough assessment of CHAR stock, go to TipRanks’ Stock Analysis page.