RNS Number: 3958 Y Chariot Oil& Gas Ld 09 May 2019. Competent Persons Report on the Anchois Discovery, Morocco. Chariot Oil& Gas Limited, the Atlantic margins focused oil and gas company, is pleased to announce the completion of the independent Competent Persons Report by Netherland Sewell& Associates Inc. over the satellite prospects adjacent to the Anchois-1...

Chariot Oil & Gas 2018 results today from Chariot but information that is very much already in the market and t gives the company the chance to talk a bit more about how they are re-balancing the portfolio going forwards. As announced last week the company has recently been awarded the Lixus licence in Morocco which contains the Anchois-1 gas discovery with 307 bcf of 2C contingent resources as well as deeper potential of another 116 bcf of 2U prospective resource having been identified. In addition there are material tie-back opportunities for low risk exploration prospects with ‘attractive’ upside of 527 bcf of 2U prospective resources in adjacent satellites and a host of potential exploration opportunities. With the local gas market to be one of the best worldwide, with excellent contract terms and high gas prices this looks to be a gem of an opportunity. Chariot has $19.8m of cash which is equivalent of 4p per share and no debt. The new licence carries less than $1m of commitments and with the project likely to deliver strong cash flow should attract a significant number of potential partners wishing to join up with Chariot. The demand for these ‘strategic alliances’ in a country with strong demand for gas and one of the best fiscal policies worldwide makes this re-balancing of the portfolio by Chariot very wise. The company will still be able to pursue the exciting high-impact exploration portfolio whilst at the same time tempering some of the beta with this project, this looks like a plan that shareholders will appreciate.

Chariot Oil & Gas Limited (CHAR.L) Announced, in its final results for the year ended 31 December 2018, that loss from operation fell to $15.14 million from $55.55 million reported in the same period last year. The company's loss before tax stood at $15.13 million compared to a loss of $55.39 million reported in the previous year. The basic loss per share stood at $0.04 compared to loss of $0.21 in the previous year. The company's cash and cash equivalents stood at $19.82 million (2017: $15.23 million).

RNS Number: 6422 V Chariot Oil& Gas Ld 10 April 2019. Chariot Oil& Gas Limited, the Atlantic margins focused oil and gas company, today announces its audited final results for the year ended 31 December 2018.. New Venture, Lixus licence, containing Anchois-1 discovery, secured in Morocco.

Chariot Oil & Gas A most interesting move by Chariot this morning as it announces that it has been awarded the Lixus licence offshore Morocco. Lixus brings a gas discovery, Anchois-1 with 307 bcf of contingent resources in gas sand A and gas sand B whilst gas sand C in the deeper potential adds another 116 bcf making 423 bcf in the vicinity. Anchois and its other satellites are an amplitude-supported discovery and prospect inventory with remaining recoverable resources of >900 Bcf whilst the eastern area prospects add around 800 bcf. So, phase 1 with four production wells gives production from the original 307 bcf at 70 mmscf/d over ten years and adding the extra 116 bcf to make 423 bcf would take production to 90 mmscf/d. Phase 2 adds another 674 bcf and 90 mmscf/d for twenty years. This makes this project highly appealing and potentially very profitable. The only commitments at this stage are a seismic campaign at a cost of <$1m which would lead to an Anchois-2 appraisal well, currently scheduled for 2H 2020. With such a high percentage of the licence, (75%) it is clear that Chariot will seek to find ‘strategic partnerships’ for funding of the longer term process but this should be a good deal easier than in previous high risk wells. With a very strong gas market in Morocco with high prices and a supportive Government to cut down on fossil fuel imports, the potential pool of investors is substantial and brings in many new institutions. With both these thoughts in mind, Chariot have Netherland Sewell completing an up-to-date CPR and will have a gas market analysis within 3 months. Overall this looks good to me, Lixus brings what should be a marketable discovery with lots of potential upside, more importantly it changes Chariot’s risk profile which needed doing. The company will continue with other parts of the portfolio but this brings a bit lower risk and more balance, maybe the right thing to be doing right now.

Chariot Oil & Gas (CHAR.L) 2.8p £8.2m Chariot Oil & Gas, the Atlantic margins focused oil and gas company, announced that its wholly owned subsidiary, Chariot Oil & Gas Holdings (Morocco) Limited, has been awarded a 75% interest and operatorship of the Lixus Offshore Licence, Morocco, in partnership with the Office National des Hydrocarbures et des Mines ("ONHYM") which holds a 25% carried interest. Lixus Offshore Licence, 30km north of Chariot's existing Moroccan acreage, contains: Anchois-1 well gas discovery - 307 Bcf of 2C contingent resources offering near-term development opportunity Deeper potential not penetrated by the Anchois-1 well of 116 Bcf 2U prospective resource has also been identified Material tie-back opportunities from low risk, exploration prospects offer an attractive upside of 527 Bcf of 2U prospective resources in satellite prospects adjacent to the Anchois discovery Additional on-block exploration running room in licence World-class commercial contract terms with high gas prices in a developing market with growing energy demand offers a potentially high-value project Minimal initial licence commitment funded from current cash Future development anticipated to deliver strong returns and significant cash flow

RNS Number: 8992 U Chariot Oil& Gas Ld 03 April 2019. Award of Lixus Offshore Licence, Morocco. Chariot Oil& Gas Limited, the Atlantic margins focused oil and gas company, is pleased to announce that its wholly owned subsidiary, Chariot Oil& Gas Holdings Limited, has been awarded a 75% interest and operatorship of the Lixus Offshore Licence, Morocco, in partnership with...

RNS Number: 0578 N Chariot Oil& Gas Ld 14 January 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.

RNS Number: 0573 N Chariot Oil& Gas Ld 14 January 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.

Chariot Oil & Gas Limited (CHAR.L) Announced, in its operational update prior to its 31 December year end, that over the past 12 months, the company has continued to invest in its portfolio to capitalise on the current low-cost environment. The company has participated in two deepwater exploration wells, one in Morocco in a fully carried well operated by Eni, and the other in Namibia operated by Chariot. Disappointingly both wells were unsuccessful, but the financial impact was significantly reduced through partnering and, in Namibia, delivering what is likely to be one of the lowest-cost deepwater drilling operations carried out anywhere this year

The Company has participated in two deepwater exploration wells, one in Morocco in a fully carried well operated by Eni, and the other in Namibia operated by Chariot. Chariot retains a portfolio of highly prospective assets in Morocco and Brazil. The Chariot in-house subsurface team continues to develop an inventory of drill-ready prospects with material...

RNS Number: 9689 I Chariot Oil& Gas Ld 03 December 2018. The Company makes the following notification pursuant to Schedule Six of the AIM Rules for Companies regarding its existing block admission arrangements:. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.

�Ocean Rig Poseidon drillship released after safely drilling the Prospect S well, Namibia.. �2018 year end cash position, after reflecting all well costs, estimated to be in excess of US $14 million.. Chariot Oil& Gas Limited, the Atlantic margins focused oil and gas exploration company, announces that, the Ocean Rig Poseidon drillship has been released by Chariot...

Chariot Oil & Gas (CHAR) : Corp Energy Live to fight another day Chariot’s Prospect S well in Namibia has failed to discover hydrocarbons. This is clearly disappointing, not least because it is the last well for which Chariot is currently funded. Nevertheless, the speed at which this well was drilled leaves a comfortable cash buffer while it pursues partners to help fund the drilling of additional prospects; datarooms are open in all its regions. The shares will likely be hit hard in the short term, but rising industry confidence levels, alongside Chariot’s strong partnering track record, gives us confidence that it can secure funding for additional drilling in the coming months. Chariot still has at least five large, drill ready prospects across its portfolio. Even applying heavy commercial risking, we still get a risked NAV and price objective of 17p/sh. Jonathan Wright 020 7220 0543 jwright@finncap.com