Chariot Oil & Gas (GB:CHAR) has released an update.
Chariot Oil & Gas has kicked off drilling operations at the Anchois East well within the Lixus Offshore licence, offshore Morocco, marking a significant step towards exploiting the field’s potential gas resources. The company has announced that the Stena Forth drillship is in position, with a two-month drilling and flow testing campaign fully funded. This operation aims to evaluate and expand the estimated gas resources, potentially increasing the total to over 1 trillion cubic feet (Tcf), and advancing towards a Final Investment Decision.
For further insights into GB:CHAR stock, check out TipRanks’ Stock Analysis page.
