Chariot Ltd. (OIGLF)

[DrillaHill]

£15mln placing to add second well to campaign
www.proactiveinvestors.co.uk/companies/stocktube/8806/chariot-oil-and-gas-to-raise-more-than-15mln-to-add-second-well-to-campaign-8806.html
(Video Interview) - Larry Bottomley, chief executive of Chariot Oil & Gas Limited (LON: CHAR), discusses with Proactive's Andrew Scott their intention to raise more than £15mln through a placing and open offer to allow them to add a second well to their 2018 exploration campaign. Bottomley says they're keen to test Prospect S, offshore Namibia. This will be in addition to the 10% owned Rabat Deep exploration well, offshore Morocco, which will be drilled later this year by Eni.