Chariot plans drilling activities

Chariot is also in the process of setting up a support base to compliment drilling activities when the search for black gold starts.Chariot is currently contracting a strategy to identify an appropriate drilling unit, auxiliary services and logistical base for well services, supplies, helicopters and medivacs, it said in a statement recently.Chariot completed the acquisition of a third-dimensional seismic survey of approximately 2 600 square kilometres in February 2016 targeting leads identified in the north-western area of the central blocks, giving way for the oil explorer's ambitious drilling project.According to its CEO Larry Bottomley, should Chariot strike black gold in one well, it lowers the risk profile of the entire drilling process. Said Bottomley in anticipation of Chariot's planned drilling activities: “The focus for Chariot is the delivery of transformational value through the discovery of material hydrocarbon accumulations. The maturation of the portfolio in the central blocks has uncovered a series of robust, low risk structural traps that are targeting the proven play elements demonstrated in nearby wells. These prospects have the potential for material accumulations and success in one, will significantly de-risk the remainder.”Proactive Investors reported a spike in Chariot shares following news of drilling activities. The shares advanced 10.1% to an extensive evaluation of the combined 6100 square kilometres Chariot holds significant acreage totalling 27 000 square kilometres and holds prospecting licences to four blocks in the Orange and Lüderitz offshore blocks.OGONE TLHAGE

Chariot plans drilling activities

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Namibian Sun 2025-07-07

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Chariot plans drilling activities

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Namibian Sun 2025-07-07

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