Chariot Oil & Gas (GB:CHAR) has released an update.
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Chariot Limited, an Africa-focused transitional energy company, has announced a fundraising effort to secure approximately $8 million through a combination of a placing, subscription, and open offer at 6.5 pence per share. The proceeds are aimed at advancing the company’s project portfolio, including the development of gas projects in Morocco and a new venture with significant potential. Key upcoming activities include offshore drilling in Morocco and a flow test on the Loukos licence, both slated for the third quarter of 2024.
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