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.

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register