Chariot Oil & Gas (GB:CHAR) has released an update.
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Chariot Limited, an Africa-focused transitional energy company, has announced significant advances in its natural gas, renewable energy, and green hydrogen projects throughout 2023, with a focus on de-risking and expanding operations in Morocco and beyond. The company has secured partnerships, completed drilling, and progressed development plans, all while raising funds and maintaining a strong cash position with no debt. Chariot is committed to generating near-term cash flows with a strategic focus on capital returns to shareholders.
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