Chariot Ltd. (OIGLF)

[DrillaHill]

Tullow in negotiations with Chariot on Namibia Drilling

Tullow is planning to drill offshore Namibia in September 2018. According to Chariot CEO Bottomley we are in negotiations with them to synergize our Drilling programs. I would not be surprised if these negotiations not only result in sharing a rig with Tullow but also lead to Tullow and /or ONGC farming in to our Blocks!

www.proactiveinvestors.co.uk/companies/stocktube/8483/chariot-oil-gas-boss-looks-ahead-to-exciting-2018-8483.html

"We’re looking to drill prospect S in the Central Blocks in the 2nd half of next year, there’ll be third party drilling at the same time so we’re in discussions and negotiations with them to see how we can synergize these programs to reduce those costs even further. Prospect S (29% COS) is a 300 million barrel prospective resource net to Chariot and there are another 6 prospects that will be derisked by that, another 1.4 billion barrels in that Portfolio."

# Namibia 2H18