Chariot Limited (AIM: CHAR), the Africa-focused transitional energy group, is pleased to announce it has signed a Heads of Terms agreement with Vivo Energy regarding future natural gas offtake from the Loukos Onshore licence (“Loukos”) in Morocco (Chariot, Operator 75%, ONHYM, 25%). The aim of the agreement is to set out the next steps for […]
IPR has announced the discovery of exploration well West AY-1X and the successful testing and production from a new formation (Kharita) in Alamein-44, adding an incremental 2,850 BOPD to the Yidma-Alamein Western Desert Development Lease. West AY-1X was drilled to a depth of 13,166 ft, utilizing a 1500 HP drilling rig. This deep multi-target exploration […]
Chariot Limited, the Africa focused transitional energy group, is pleased to announce the results from the drilling of the OBA-1 well on the Dartois prospect, the second of a two well drilling campaign, in the Loukos Onshore licence onshore Morocco (Chariot, Operator 75%, ONHYM, 25%). OBA-1 well was safely and efficiently drilled, on time and […]
Key Highlights of the Awards • The SUCO award in Egypt’s Gulf of Suez is for a firm 21-month term expected to start in the coming weeks. The drilling campaign will utilize a standard jackup unit from ADES’ fleet. • The contract value from the firm term is approximately SAR 161 million. • The new […]
Chariot Limited the Africa focused transitional energy group, has announced the of commenced of drilling operations at the Loukos Onshore licence 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 […]
TotalEnergies and SONATRACH commitment to rally gas supply to Europe has garnered momentum owing to the recent signing of a new Memorandum of Understanding with the aim of concluding a hydrocarbon contract in the north-east Timimoun region, under the aegis of Law n°19-13 governing hydrocarbon activities. This Memorandum of Understanding outlines the realization of a […]
SDX Energy has disclosed that it has executed a binding sale and purchase agreement (SPA) for the disposal of the Company’s West Gharib interests in Egypt. The Company also continues to progress the binding documentation for the sale of its South Disouq assets. The Company is focused on delivering shareholder value by focusing its efforts on […]
United Oil & Gas the oil and gas company with a high impact exploration asset in Jamaica and a development asset in the UK has disclosed an update in relation to Egyptian receivables. United has received a payment from Egyptian General Petroleum Corporation (EGPC) for USD $1 million. These funds will be used to extinguish the debt and leave the Company debt […]
Chariot Limited the Africa focused transitional energy group, has announced receipt of all necessary Moroccan governmental and regulatory approvals as the company sealed Partnership Agreements with Energean plc group as previously disclosed on 7 December 2023. Based on the aboved sealed partnership agreement, Energean is now holds 45% and 37.5% of the respective interests in, […]
SDX Energy has disclosed that it has commenced drilling the Beni Malek-2 well (BMK-2) in the Rharb Basin, Morocco, approximately 1.5km from the BMK-1 discovery well. The BMK-2 well will be drilled to a planned depth of approximately 1,470 metres and is targeting three stacked reservoirs in the Guebbas formation, which have been identified using 3D seismic. […]
