Announcement • Jul 11
Chariot Limited, Annual General Meeting, Sep 22, 2026 Chariot Limited, Annual General Meeting, Sep 22, 2026. Location: the mayfair hotel, stratton street, w1j 8lt, london United Kingdom New Risk • Jul 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 103% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (57% average daily change). Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€53.1m market cap, or US$60.7m). New Risk • Jul 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 103% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (57% average daily change). Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€52.7m market cap, or US$60.3m). New Risk • Jun 30
New major risk - Revenue and earnings growth Revenue has declined by 0% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (57% average daily change). Revenue has declined by 0% over the past year. Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m (US$160k revenue). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (€51.8m market cap, or US$59.1m). Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Non-Executive Director Chris Zeal was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 11
Chariot Limited has completed a Follow-on Equity Offering in the amount of £2.179495 million. Chariot Limited has completed a Follow-on Equity Offering in the amount of £2.179495 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 155,678,180
Price\Range: £0.014
Security Features: Attached Warrants
Transaction Features: Regulation S; Rights Offering Announcement • Feb 20
Chariot Limited has filed a Follow-on Equity Offering in the amount of £3.156291 million. Chariot Limited has filed a Follow-on Equity Offering in the amount of £3.156291 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 225,449,336
Price\Range: £0.014
Security Features: Attached Warrants
Transaction Features: Regulation S; Rights Offering Announcement • Jun 30
Chariot Limited, Annual General Meeting, Sep 05, 2025 Chariot Limited, Annual General Meeting, Sep 05, 2025. Location: the mayfair hotel, stratton street, w1j 8lt, london United Kingdom Announcement • Jun 17
Chariot Limited has completed a Follow-on Equity Offering in the amount of £4.80598 million. Chariot Limited has completed a Follow-on Equity Offering in the amount of £4.80598 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 240,886,246
Price\Range: £0.014
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,119,045
Price\Range: £0.014
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 52,279,027
Price\Range: £0.014
Transaction Features: Regulation S; Rights Offering; Subsequent Direct Listing Announcement • May 24
Chariot Limited has filed a Follow-on Equity Offering in the amount of £4.80598 million. Chariot Limited has filed a Follow-on Equity Offering in the amount of £4.80598 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 240,886,246
Price\Range: £0.014
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,119,045
Price\Range: £0.014
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 52,279,027
Price\Range: £0.014
Transaction Features: Regulation S; Rights Offering; Subsequent Direct Listing Announcement • May 16
Chariot Limited (AIM:CHAR) acquired 75% stake in Lixus Offshore and Rissana Offshore licences in Morocco from Energean plc (LSE:ENOG). Chariot Limited (AIM:CHAR) acquired 75% stake in Lixus Offshore and Rissana Offshore licences in Morocco from Energean plc (LSE:ENOG) on May 14, 2025. Under the terms, Energean plc ("Energean") has returned its Moroccan offshore interests to Chariot by completing the transfer of their wholly owned subsidiary which holds 45% and 37.5% respectively in the Lixus Offshore and Rissana Offshore licences. Post completion of the acquisition, Chariot is now Operator and has a 75% working interest in each licence, with ONHYM retaining their 25% stake.
Chariot Limited (AIM:CHAR) completed the acquisition of 75% stake in Lixus Offshore and Rissana Offshore licences in Morocco from Energean plc (LSE:ENOG) on May 14, 2025. Announcement • Oct 16
Chariot Limited Announces Board Changes Chariot Limited announce that Andrew Hockey, currently a Non-Executive Director, has been appointed to the role of Non-Executive Chairman of the Company. Andrew succeeds George Canjar, who has retired from the Board, with both changes taking effect immediately. Announcement • Sep 16
Chariot Limited Announces Preliminary Results from the Anchois-3 Well Drilling Campaign At the Anchois Gas Project in the Lixus Offshore Morocco Chariot Limited announced preliminary results from the Anchois-3 well drilling campaign at the Anchois gas project in the Lixus Offshore licence, offshore Morocco Energean 45%, Operator, Chariot 30%, ONHYM 25%. The Anchois-3 Main Hole, has been safely and efficiently drilled to a total measured depth of 3,045m by the Stena Forth drillship in 349m of water. Further to the announcement of 11 September 2024, preliminary interpretation indicates: Multiple good quality gas bearing reservoirs were found in the B sand appraisal interval as anticipated, but the associated gas pays are now interpreted to be lower than the pre-drill geological model; Other target reservoirs beneath the B sands were also encountered but were water wet. The appraisal target reservoirs of the C and M sand were drilled deeper than the gas bearing sands in the Anchois-2 well and into the water-leg at this down-dip location. The Anchois North Flank exploration prospect was found to have well-developed O sand reservoirs, with associated gas shows, but also water wet; The Main Hole has now been plugged and abandoned, without flow testing, and the drillship is being demobilised. Further detailed work by the partnership will be done to define the next steps for the project. New Risk • Sep 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings are forecast to decline by an average of 51% per year for the foreseeable future. Revenue is less than US$1m (US$80k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$64m net loss in 3 years). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (€52.4m market cap, or US$57.8m). Announcement • Aug 20
Chariot Limited Announces Commencement of Anchois Drilling Operations Offshore Morocco Chariot Limited announced that the Stena Forth drillship has arrived on location and drilling operations have commenced on the Anchois East well at the Anchois gas project in the Lixus Offshore licence, offshore Morocco (Energean 45%, Operator, Chariot 30%, ONHYM 25%). Anchois-3 drilling and flow testing operations are expected to take approximately two months, with Chariot expected to be fully carried for the anticipated costs of the drilling campaign. Anchois-3 is a multi-objective well with distinct operational phases: Pilot Hole: An initial pilot hole will be drilled with the main objective to evaluate the potential of the Anchois Footwall prospect, located in an undrilled fault block to the east of the main field, which has a 2U Prospective Resource estimate of 170 Bcf in the main O Sand target. Main Hole: A side-track will then be drilled to intersect and further evaluate the discovered gas sands in the Anchois field, with a current 2C Contingent Resource estimate of 637 Bcf, in the eastern part of the main fault block of the field. The deeper Anchois North Flank prospect will then be drilled, which has additional 2U Prospective Resource estimate of 213 Bcf and which will also de-risk the nearby Anchois South Flank prospect with a 2U Prospective Resource estimate of 372 Bcf. Flow Test: Well flow testing will then be performed on selected encountered gas sands to evaluate reservoir and well productivity. Future Production Well: The well will be suspended to enable it to be used as a potential future producer. Recent Insider Transactions • Aug 19
Co-Founder recently bought €586k worth of stock On the 14th of August, Adonis Pouroulis bought around 8m shares on-market at roughly €0.076 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Adonis has been a buyer over the last 12 months, purchasing a net total of €667k worth in shares. Breakeven Date Change • Aug 08
No longer forecast to breakeven The 3 analysts covering Chariot no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$9.00m in 2025. New consensus forecast suggests the company will make a loss of US$32.0m in 2025. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 51% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 51% per year for the foreseeable future. Revenue is less than US$1m (US$80k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$64m net loss in 3 years). Shareholders have been diluted in the past year (8.2% increase in shares outstanding). Market cap is less than US$100m (€88.1m market cap, or US$96.2m). New Risk • Jul 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m (US$80k revenue). Minor Risk Shareholders have been diluted in the past year (9.9% increase in shares outstanding). Announcement • Jun 22
Chariot Limited, Annual General Meeting, Sep 10, 2024 Chariot Limited, Annual General Meeting, Sep 10, 2024. Location: the mayfair hotel, stratton street, w1j 8lt, london United Kingdom Announcement • May 16
Chariot Limited Announces Results from the Drilling of the Rzk-1 Well on the Gaufrette Prospect Chariot Limited announced the results from the drilling of the RZK-1 well on the Gaufrette prospect, the first of a two well drilling campaign, in the Loukos Onshore licence ("Loukos") onshore Morocco (Chariot, Operator 75%, ONHYM, 25%). The RZK-1 well was safely and efficiently drilled, on time and on budget, to a final measured depth of 961m through the Gaufrette Main target which was found on prognosis. Following comprehensive evaluation of the well data, including wireline logs, cuttings and gas data, preliminary interpretation confirms thick intervals of good quality reservoir exceeding pre-drill expectations, with multiple gas shows of various intensity, however these reservoirs are largely interpreted to be water-bearing and therefore are sub-economic. Further post-drill analysis will be conducted, alongside interpretation of the newly reprocessed 3D seismic data, to understand the results of the well and implications for future exploration in the Gaufrette area, including potential deeper objectives. The well will now be plugged and abandoned and the rig will then move to the second location of the campaign to drill the OBA-1 well at the Dartois prospect in the coming days, which is targeting a different independent prospect. An update will follow confirming commencement of these operations. Announcement • May 03
Chariot Limited Announces Commencement of Drilling Operations Onshore Morocco Chariot Limited announced that drilling operations have commenced at the Loukos Onshore licence ("Loukos") onshore Morocco (Chariot, Operator 75%, ONHYM, 25%) with the spud of the RZK-1 well on the Gaufrette prospect. Gaufrette Main target has Best Estimate recoverable prospective resources of 10 Bcf; Option to penetrate a deeper target identified on newly reprocessed 3D seismic data; Strong read through for other geologically linked prospects in the Gaufrette area with success potentially unlocking combined Best Estimate recoverable prospective resources of 26 Bcf; and Results will be announced on completion of drilling. Announcement • Nov 01
Chariot Limited Receives Approval for its Environmental Impact Assessment from the Moroccan Ministry of Energy Transition and Sustainable Development on the Anchois Gas Development Project Offshore Morocco Chariot Limited announced that it has received approval for its Environmental Impact Assessment ("the EIA") from the Moroccan Ministry of Energy Transition and Sustainable Development ("the Ministry") on the Anchois gas development project ("Anchois") offshore Morocco. The EIAprocess for Anchois was conducted over a 12 month period and was informed by: onshore and offshore environmental and social baseline surveys, an open and transparent stakeholder engagement programme held in conjunction with relevant parties and a public enquiry process which spanned four local provinces. The final report sets out the requisite planning, mitigation and monitoring measures to follow during construction and production. The EIA integrates recommendations from the National Environmental Committee, is valid for five years andcovers all aspects of the development including future wells and offshore infrastructure, the onshore Central Process Facility and link to the GME pipeline. New Risk • Sep 19
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$15m Forecast net loss in 2 years: US$3.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$3.6m net loss in 2 years). Shareholders have been diluted in the past year (12% increase in shares outstanding). New Risk • Aug 10
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. CFO & Executive Director Julian Robert Maurice-Williams was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Announcement • Jul 12
Chariot Limited announced that it expects to receive $15 million in funding Chariot Limited announced that it will receive $15 million in a round of funding on July 10, 2023. Announcement • Jun 29
Chariot Limited, Annual General Meeting, Sep 07, 2023 Chariot Limited, Annual General Meeting, Sep 07, 2023, at 10:00 Coordinated Universal Time. Location: the May Fair Hotel, Stratton Street London United Kingdom Announcement • Jan 31
Chariot Limited (AIM:CHAR) entered into a sales agreement to acquire Renewable Water Production Business and assets of ENEO from ENEO Water PTE Limited for $1 million. Chariot Limited (AIM:CHAR) entered into a sales agreement to acquire Renewable Water Production Business and assets of ENEO from ENEO Water PTE Limited for $1 million on Jnauary 30, 2023. Consideration for the acquisition shall be payable in Chariot Ordinary Shares with an initial $0.5 million payable on completion of the sales agreement and a further deferred consideration of up to $0.5 million payable on the achievement of financial close on further projects. Announcement • Jul 20
Chariot Limited Announces Material Increase in Gas Resource Offshore Morocco Chariot Limited announced the results of Independent Assessments on its gas resources offshore Morocco, incorporating the results of the recent successfully drilled Anchois-2 appraisal and exploration well. The Independent Assessments have been made by Netherland Sewell & Associates Inc. ('NSAI') on the Anchois Gas Field and further selected exploration prospects in the Lixus Offshore licence ('Lixus') and the adjacent Rissana Offshore licence ('Rissana') with material resource upgrades reported across the portfolio. These resource upgrades underpin: the Company's decision to fast-track its field development plans; the associated exploration programmes to deliver further growth from the portfolio; and Chariot's focus on developing a significant energy resource, prioritising the growing demand within Morocco's domestic market, and potentially supplying surplus gas to Europe. Announcement • Jun 29
Chariot Limited, Annual General Meeting, Sep 08, 2022 Chariot Limited, Annual General Meeting, Sep 08, 2022, at 10:00 Coordinated Universal Time. Location: the May Fair Hotel, Stratton Street London United Kingdom Recent Insider Transactions • Jun 19
Co-Founder recently bought €466k worth of stock On the 13th of June, Adonis Pouroulis bought around 2m shares on-market at roughly €0.21 per share. This was the largest purchase by an insider in the last 3 months. This was Adonis' only on-market trade for the last 12 months. Announcement • May 26
Chariot Limited Announces Completion of Pre-Feasibility Study and Framework Agreement Signed for Large-Scale Green Hydrogen Project The Government of Mauritania through the Ministry of Petroleum, Mines & Energy and Chariot, the Africa-focused transitional energy group announced that the Pre-Feasibility Study ("PFS") for the large green hydrogen project "Project Nour" in Mauritania has been completed and a Framework Agreement has been signed, mapping out the next phases of development. PFS confirms that Mauritania is exceptionally well-placed for green hydrogen production due to its world class solar and wind resources and the project has the potential to produce some of the cheapest green hydrogen in the world. With up to 10 GW of electrolysis installed, Project Nour could become one of the larger green hydrogen projects globally by 2030. Mauritania has unique and complementary wind and solar conditions, underpinning attractive project economics. Benefits from proximity to large European markets, potentially making Mauritania one of the world's main producers and exporters of green hydrogen and its by-products. Chariot recently signed a partnership agreement with the Port of Rotterdam for sales of green hydrogen and its derivative products into Europe. In-country value creation is designed to be core to Project Nour and across the value chain. Domestic benefits for Mauritania include providing baseload power to the national grid, diversifying industrial activities (e.g., green steel), promoting job creation and developing local infrastructure with the potential to have a significant impact on GDP. Framework Agreement defines the terms and guiding principles to pave the way for the in-depth feasibility study that will be undertaken over the next 24 months. Partnering process underway with the objective to form a world class consortium. Announcement • Apr 01
Chariot Limited Provides Update on the Post-Well Analysis of the Successful Anchois-2 Gas Appraisal and Exploration Well Chariot Limited provided an update on the post-well analysis of the successful Anchois-2 gas appraisal and exploration well, completed in January 2022, on the Anchois gas project within the Lixus licence, offshore Morocco. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbures et des Mines which holds a 25% interest. Net gas pay estimates for Anchois-2 well, based on further interpretation of the well data, have been upgraded to approximately 150m from the previously announced preliminary analysis of greater than 100m, compared to the 55m in the original Anchois-1 discovery well. Excellent quality dry gas confirmed, with greater than 96% methane, in all seven discovered gas reservoirs, without detrimental impurities such as H2S or CO2, supporting minimal gas processing required in the development. Highly consistent gas composition potentially allows all gas produced from the different reservoirs to be processed through a single gas processing facility, enabling a simple development. Further analysis is ongoing on the well data to understand the positive implications on gas resources, and scale and economics of the development. Announcement • Jan 19
Chariot Announces Completion of Successful Gas Drilling Operations Chariot announced the completion of the successful gas drilling operations, on the Anchois gas project within the Lixus licence ("Lixus"), offshore Morocco. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbures et des Mines ("ONHYM") which holds a 25% interest. Announcement • Jan 12
Chariot Announces Result of the Anchois-2 Appraisal and Exploration Well on the Anchois Gas Project Within the Lixus Licence Offshore Morocco Chariot announced the result of the Anchois-2 appraisal and exploration well on the Anchois gas project within the Lixus licence ("Lixus"), offshore Morocco. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbures et des Mines ("ONHYM") which holds a 25% interest. Anchois-2 well has been safely and efficiently drilled to a total measured depth of 2,512m by the Stena Don drilling rig in 381m of water. Comprehensive evaluation of the well has been undertaken through wireline logging, including petrophysical evaluation, subsurface formation testing including reservoir pressures and gas sampling, sidewall cores and well bore seismic profiles. Preliminary interpretation of the data confirms the presence of significant gas accumulations in the appraisal and exploration objectives of the Anchois-2 well with a calculated net gas pay totalling more than 100m, compared to 55m in the original Anchois-1 discovery well. Appraisal Target: Gas Sand B has a calculated total net gas pay of more than 50m in two stacked reservoirs of similar thickness. The upper reservoir is a continuation of a reservoir drilled in the original discovery well, Anchois-1, with the lower reservoir being newly identified. Exploration Targets: Gas Sands C, M & O were successfully encountered with multiple gas-bearing intervals across a gross interval of 250m measured distance with no water-bearing reservoirs identified, materially exceeding pre-drill expectations. Previously discovered Gas Sand A was not targeted in the Anchois-2 well, due to the intention of evaluating it in the subsequent Anchois-1 re-entry operations, however, the Anchois-2 well encountered gas bearing sands at this level providing important additional subsurface data. High quality reservoirs were encountered in all gas sands. Further analysis will be undertaken to fully understand the positive implications on: Gas resources within the expanded Anchois field and the scale of the potential gas development. De-risking of numerous additional material exploration prospects within the Lixus licence area with similar seismic attributes to the Anchois discovery now considered to be low risk. The well will now be suspended for potential future re-entry and completion as a production well in the development of the field. The Stena Don rig will then move to the Anchois-1 gas discovery well to perform re-entry operations with the objectives of assessing the integrity of the previously drilled well, and if successful, providing a future potential production well for the development of the field. Announcement • Feb 23
Chariot Oil & Gas Limited Signs Collaboration Agreement with Subsea Integration Alliance to Work Together to Enable the Front-End Design, Engineering, Procurement, Construction, Installation and Operation of the Anchois Gas Development Project in Morocco Chariot Oil & Gas Limited announced that it has signed a Collaboration Agreement with Subsea Integration Alliance to work together to enable the front-end design, engineering, procurement, construction, installation and operation of the Anchois Gas Development project in Morocco. Subsea Integration Alliance is a nonincorporated strategic global alliance between Subsea 7 and OneSubsea. Chariot and Subsea Integration Alliance will adopt a "One-team", integrated and collaborative approach to safely fast-track first gas to maximise the return on investment. The scope of the Agreement covers: Front-end engineering support and engineering design work. Engineering, procurement, construction, installation, pre-commissioning and commissioning work. Operations and maintenance of the facilities. Commitment to ESG and the importance of contributing to social development through the creation of direct and indirect jobs in Morocco. Announcement • Oct 05
Chariot Oil & Gas Limited Announces the Appointment of Pierre Raillard as Morocco Country Director Chariot Oil & Gas Limited announced the appointment of Pierre Raillard as Morocco Country Director. Pierre brings to Chariot over 25 years' operational and management experience in the energy industry, with specific expertise in the development of natural gas projects in Africa. Pierre has held senior positions within a number of leading energy firms. He joins the Company from Orca Energy Group, which he returned to as Head of Business Development having previously played a key role in the development of the Songo Songo gas field, located offshore Tanzania, which is analogous to Chariot's Anchois gas development project, located offshore Morocco. Pierre has also held leadership roles at African Petroleum Corporation, Perenco and OneLNG. Announcement • Oct 04
Chariot Oil & Gas Limited Announces Completion of 3D Seismic Data Across the Lixus Offshore Licence, Morocco Chariot Oil & Gas Limited announced that it has completed the reprocessing of 3D seismic data across the Lixus Offshore Licence, Morocco, resulting in significant improvements in both image quality and in depth control. This has had a positive impact on the understanding of the distribution and extent of the Anchois gas sands. Following the reprocessing of the data, Netherland Sewell & Associates Inc. has performed an updated Independent Assessment on a c.50km2 area, covering the Anchois gas discovery on the Lixus licence, which has led to a significant resource upgrade for the proposed Anchois Gas Field Development. Announcement • Jul 21
Chariot Oil & Gas Limited Announces Executive Changes Chariot Oil & Gas Limited announced that Larry Bottomley, CEO, has stepped down from the Company with immediate effect. To guarantee business continuity and ensure a smooth transition at this important time, Adonis Pouroulis, currently Non-Executive Director and founder, will take over as Acting CEO with immediate effect. To further strengthen the Company's leadership team, both Julian Maurice-Williams, currently Chief Financial Officer, and Duncan Wallace, currently Exploration Manager, will join the Board with immediate effect as executive directors as Chief Financial Officer and Technical Director respectively. 
