Business
H1 2023 Results
H1 2023 Results.
About this update from Chariot Limited
[{"type":"text","content":"\n\n\n19 September 2023\nChariot Limited\n \n(\"Chariot\", the \"Company\")\n \nH1 2023 Results\n \nChariot (AIM: CHAR), the Africa focused transitional energy company, today announces its unaudited interim results for the six-month period ended 30 June 2023.\n \nAdonis Pouroulis, CEO of Chariot commented: \"We continued to progress all workstreams across the business throughout the period and further enhanced our portfolio with the award of the Loukos licence onshore Morocco and the acquisition of our water desalination business. In each pillar of transitional gas, renewable power and green hydrogen, we have the opportunity to deliver a range of tangible benefits and drive real value. Long term scalability is a shared theme across all of our projects, but we are fully focused on executing our core objectives to de-risk the business, enable further growth and deliver near term production.\" \n \nHighlights during and post period\n \nTransitional Gas: Developing a New Gas Province in Morocco\n \n· Front End Engineering and Design (\"FEED\") phase completed for the Anchois gas development project (\"Anchois\")\n· Progress made across all Anchois development workstreams, including the project Environmental Social Impact Assessment (\"ESIA\") and submission of the necessary documentation into the approval process in Morocco\n· Negotiations on partnering for Anchois and the wider Lixus and Rissana Offshore licences in final stages\n· Partnership agreed with Vivo Energy to develop the Moroccan domestic gas-to-industry market\n· Award of the Loukos Onshore licence (\"Loukos\") in Morocco - fast-track drilling project initiated with opportunity for near-term production\n \nTransitional Power: Building a Substantial Renewable Energy pipeline across Africa\n \n· In partnership with TotalEnergies progressing developments at three key projects in Africa:\no Tharisa - 40MW solar project in South Africa\no Karo - 30MW solar project in Zimbabwe\no First Quantum Minerals - 430MW solar and wind projects in Zambia\n· Operational Essakane 15MW solar project at IAMGOLD's gold mine in Burkina Faso continues to perform well\n· Acquisition of...