Namibia: Chariot raises funds for planned well
Issue 364
- 01 Mar 2018
| 1 minute read
Chariot Oil & Gas has conditionally raised $15m through a share placing to finance a well in Namibia’s Walvis Basin and plans to raise another €5m ($5.9m) via an open offer. Chariot plans to drill in H2 this year, though the company is still hoping to secure a partner to share the cost. The target is Prospect S on PEL 71 (blocks 2312 & 2412A), where Chariot said last year it had identified five structural prospects.
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