Analyst RecommendationAnalyst's recommendation is a Buy rating with a 33p price target, which includes the impact of the recent capital raise.
Gas Development ProjectThe key event is the Anchois appraisal well planned, which, if successful, should lead to a quick project approval process for the gas development and trigger a $15M payment to Chariot.
New Business DevelopmentThere is a new basin entry opportunity in Africa the company is pursuing, the company noting, 'should we secure this asset, we will look to partner and fund this at the asset level to fast track an exploration and drilling programme'.