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Chariot Oil & Gas Ltd. (via Public) / Key Terms Agreed on New Licence, Morocco

Key Terms Agreed on New Licence, Morocco
Capturing Prospective Acreage around Value Accretive Anchois Gas Project
Chariot Oil & Gas Limited (AIM: CHAR), the Africa focused transition energy company, is pleased to announce that it has negotiated the key terms of a new licence, Rissana Offshore ( Rissana ) in Morocco. The formal award of the licence is anticipated to occur in 2021 and is subject to the normal Moroccan regulatory procedures and approvals.
· 75% interest and operatorship of the Rissana licence to be awarded to a wholly owned subsidiary of Chariot Oil & Gas Limited in partnership with the Office National des Hydrocarbures et des Mines ( ONHYM ) which will hold a 25% interest. ....

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Key Terms Agreed on New Licence, Morocco, 14 Dec 2020 01:00

Key Terms Agreed on New Licence, Morocco, 14 Dec 2020 01:00
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