Business
Commencement of Drilling of Rabat Deep 1 Well
Commencement of Drilling of Rabat Deep 1 Well.
About this update from Chariot Limited
[{"type":"text","content":"\n \nRNS Number : 6880H Chariot Oil & Gas Ld 14 March 2018 \n\n \n 14 March 2018\nChariot Oil & Gas Limited\n(\"Chariot\", the \"Company\" or the \"Group\")\nOperational Update\nCommencement of Drilling of Rabat Deep 1 Well, Morocco\n \n· Saipem 12000 drillship has commenced the drilling of the Rabat Deep 1 well.\n \n· Operations are expected to take approximately 50 days and further announcements will be made as appropriate.\n \nChariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, is pleased to announce that the Saipem 12000, a sixth generation ultra-deepwater drillship, has commenced drilling on the Rabat Deep Permits in Morocco (Eni Maroc B.V. 40% (operator), Woodside Energy (Morocco) Pty Ltd 25%, ONHYM 25%, Chariot Oil & Gas Investments (Morocco) Limited 10%). \n \n \nInvestor Conference Call:\nManagement of Chariot will host a conference call for investors at 11.00 am (GMT) 16 March 2018 to discuss the implications of the Rabat Deep 1 well on surrounding prospectivity. Dial in details for the call are shown below and participants should request to join the 'Chariot Oil & Gas Investor Call'.\n \nDial in number: +44 (0)330 336 9105 \n \nThis announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.\n\n\n\n\n\n\n\n\n\n\n\n\nFor further information please contact: \n \nChariot Oil & Gas Limited \nLarry Bottomley, CEO\n \n\n\n \n \n+44 (0)20 7318 0450 \n\n\n\n\nfinnCap (Nominated Adviser and Joint Broker)\nMatt Goode, Christopher Raggett (Corporate Finance)\nEmily Morris (Corporate Broking)\n \n\n\n+44 (0)20 7220 0500\n\n\n\n\nCelicourt Communications (Financial PR)\nMark Antelme, Henry Lerwill, Jimmy Lea, \n \n\n\n+44 (0)207 520 9261 \n\n\n\n\n \n \n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nNOTES TO EDITORS\n \nABOUT CHARIOT\nChariot Oil & Gas Limited is an independent oil and gas exploration group. It holds licences covering two blocks in Namibia, three blocks in Morocco and four blocks in the Barreirinhas Basin offshore Braz...