Chariot Ltd. (OIGLF)

[DrillaHill]

Interview with CEO on farmout and other stuff

video:
www.iii.co.uk/brr-media/305795/chariot-oil-gas-eni-secured-drilling-partner-offshore-morocco

massive fall in 3D seismic acquisition costs of 77%
- Namibia 2,600km²
prior to the current cycle US$26m
now US$6m!

great time to shoot seismic and asset to have,
with brent improving so will the value of our seismic & prospects

"no remaining commitments within our portfolio but we‘ll have large equity positions, we’ll have operatorship and we’ll be in a position to be able to continue our partnering efforts and to take benefit of the cycle as the cycle starts to come back to the sector"

5 operated licenses in Brazil, Morocco, Mauritania, Namibia
1 free carried well offshore Morocco
(JP-1 prospect with 768 mmbbl and multi Billion barrel follow on potential)
56,122km² of exploration acreage
14,850km² of 3D seismic (!)
20 Billion boe of pmean prospective resources
potential to drill > 6 wells over the next three years