5 February 2024
Chariot
Limited
("Chariot", the "Company")
Environmental Impact Assessment Approval received for Loukos
drilling campaign
Site
construction activities have commenced
Chariot Limited (AIM: CHAR),
the Africa focused transitional energy group, is pleased
to report that it has received approval for its Environmental
Impact Assessment ("EIA") from the Unified
Regional Investment Committee for drilling activity on its
Loukos Onshore licence ("Loukos") onshore Morocco (Chariot,
Operator 75%, ONHYM, 25%).
· The
EIA covers a total of 20 well operations, including:
o Initial drilling campaign of 2 exploration wells on the
Gaufrette and Dartois prospects
o Further 17 candidate well locations
o Re-entry of an existing gas discovery
· The
permit is valid for a period of 5 years
· Civil
works will now commence to prepare the first well locations and
access routes
Pierre Raillard, Head of Gas
Business and Morocco Country Director, commented:
"We are very pleased to receive
approval of the environmental permit for drilling activity on our
Loukos licence. This is not only an important step towards our
initial drilling campaign but EIA approval for multiple additional
locations gives us flexibility in future campaigns. In addition to
this, the land access activities and civil work contracting have
concluded, site construction activities are now underway and we are
on track for commencement of operations around the end of Q1 2024.
I would like to thank the efforts of the Morocco operational team
in the progress we have made so far as well as the continuous
support and assistance given by ONHYM."
Enquiries
|
Chariot Limited
Adonis Pouroulis, CEO
Julian Maurice-Williams,
CFO
|
+44 (0)20 7318 0450
|
|
Cavendish Capital Markets Limited (Nomad and Joint Broker)
Derrick Lee, Adam Rae
|
+44 (0)131
220 9778
|
|
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart, Ashton
Clanfield
|
+44 (0) 20 7710 7760
|
|
Celicourt Communications (Financial PR)
Mark Antelme, Jimmy Lea
|
+44 (0) 20
7770 6424
|
NOTES FOR EDITORS:
About Chariot
Chariot is an Africa focused
transitional energy group with three business streams, Transitional
Gas, Transitional Power and Green Hydrogen.
Chariot Transitional Gas is focused
on a high value, low risk gas development project offshore Morocco
in a fast-growing emerging economy with a clear route to early
monetisation, delivery of free cashflow and material exploration
upside.
Chariot Transitional Power is
focused on providing competitive, sustainable and reliable energy
and water solutions across the continent through building,
generating and trading renewable power.
Chariot Green Hydrogen is partnering
with Total Eren and the Government of Mauritania on the potential
development of a 10GW green hydrogen project, named Project
Nour.
The ordinary shares of Chariot
Limited are admitted to trading on the AIM under the symbol
'CHAR'.
https://chariotenergygroup.com
