Chariot Highlights Morocco Gas Potential in H1 results

Chariot Highlights Morocco Gas Potential in H1 results

Chariot Oil & Gas has provided the highlights of its work program on its licenses in Morocco in its H1 results. The company is particularly upbeat on its Lixus and Anchois license potential where it has seen its natural gas reserves increase.

Adonis Pouroulis, Acting CEO of Chariot commented: “’This is an exciting phase in the evolution of the company as the new team takes action to drive the Lixus opportunity forward and bring in value-accretive new ventures that play into the energy transition theme. With each day that passes more potential in the Lixus license is uncovered, delineating a major gas resource with strong ESG credentials and national significance for Morocco.”

The company also noted that in its Anchois license it saw an upgrade of audited total remaining recoverable resource to in excess of 1 Tcf, representing a 148% increase (comprising 361 Bcf 2C contingent resources and 690 Bcf 2U prospective resources).

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Source: PetroleumAfrica

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