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Re: DrillaHill post# 248

Wednesday, 06/22/2016 1:53:51 AM

Wednesday, June 22, 2016 1:53:51 AM

Post# of 424
Unfortunately we're out of Mauritania - to enter the Renewal Phase we would have had to commit ourselves to drill this or next year - as we still had not managed to find another partner to fund drilling it would have been to much of a financial risk to go for it - still we have a great portfolio of drilling opportunities left - Namibia, Morocco & Brazil - GLA!

> Mauritania update - "Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company today announces that it has elected not to enter into the First Renewal Phase of the C-19 licence in Mauritania."