Chariot Ltd. (OIGLF)

[douginil]

Chariot has contracted a rig for drilling

Courtesy of Malcy’s Blog 6/4/18

Chariot has contracted a rig for drilling one firm fully funded well and an optional second well depending on success on Prospect ‘S’ offshore Namibia in Q4 2018. The company describe Prospect S as ‘independently estimated as a gross mean prospective resource of 459 mmbbls and a probability of geologic success of 29% by Netherland Sewell Associated Inc., is one of five dip-closed structural traps, totalling 1,758mmbbls gross mean prospective resources, that have been identified in the Upper Cretaceous turbidite clastic play fairway’.

So that tells us then, they are hoping to farm-out this prospect and told me recently that there are a number of most exciting follow-on opportunities in these Central blocks which they hope to share if successful.