Chariot Ltd. (OIGLF)

[DrillaHill]

No they are not drilling on Chariot's license, Chariot does not participate in this well. But results from this well will potentially have some impact on Chariot's chances of farming down their interest in their nearby licenses to finance future drilling of their Drill Ready prospects. Any farmout could act as a driver for shareprice towards drilling. Currently all Chariot's datarooms are open in four different countries, Morocco, Mauritania, Namibia and Brazil. YE2014 Cash Position was ~US$53m, whereas current Market Cap is ~US$45m:

May 2015 presentation (pdf)
Q2 2015 Factsheet (pdf)
Recent Target Prices

Multi Bagger Potential