Chariot Oil & Gas completes farm-out agreement with Eni
9th Jan 2017 12:58
(ShareCast News) - Atlantic margins-focused oil and gas exploration company Chariot Oil & Gas reported on Monday that the farm-out signed between its wholly owned subsidiary, Chariot Oil & Gas Investments Morocco, and a wholly owned subsidiary of Eni, has now been approved for the Rabat Deep Offshor
Read moreChariot Oil & Gas maintains cash position at year end
15th Dec 2016 16:02
(ShareCast News) - Chariot Oil & Gas, an AIM listed Atlantic margins focused oil and gas exploration company, has continued to progress and enhance its portfolio whilst protecting its position in challenging market conditions, according to a trading update. Over the year, the company has preserved a
Read moreChariot begins 3D mapping at Barreirinhas basin
10th Mar 2016 15:48
(ShareCast News) - Chariot Oil & Gas embarked on an ambitious survey on Thursday, beginning a 3D seismic acquisition survey of around 303 square miles at its 100% owned licences in the Barreirinhas basin, offshore Brazil. The Atlantic margins-focused oil and gas exploration company said the survey w
Read moreChariot Oil & Gas pre-tax loss widens on the back of impairment charge
20th Mar 2015 09:25
Larger impairment against its assets in Namibia saw oil explorer Chariot Oil & Gas post a wider annual pre-tax loss. The group said its pre-tax loss jumped almost 300% to $41.8m (£28.3m), following a $33.6m impairment charge against the Namibian northern blocks. However, the group added that it rem
Read moreChariot Oil agrees farm-out of 25% interest in four blocks in Brazil
20th Aug 2014 12:56
Chariot Oil has agreed to farm-out a 25% working interest in four of its blocks in the Barreirinhas Basin, offshore Brazil. AziLat, a subsidiary of energy investor Seacrest's Azimuth vehicle, will acquire the interest in return for the payment of the equivalent of 50% of the costs of the 3D seismi
Read moreWednesday broker round-up UPDATE
20th Aug 2014 10:50
BHP Billiton: Deutsche Bank raises target price from 1450p to 1500p and leaves its buy recommendation unchanged. Investec increases target price from 2175p to 2205p and maintains a hold recommendation. Big Yellow Group: Liberum Capital ups target price from 565p to 591p and keeps its buy recommenda
Read moreWednesday broker round-up UPDATE
23rd Jul 2014 09:01
Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:
Read moreChariot Oil & Gas completes seismic survey in Namibia
6th Jan 2014 14:20
Shares in Chariot Oil & Gas rose after the company said it completed its 2,128 km 2D seismic survey in Southern Block 2714B offshore Namibia. The survey was contracted to and carried out by Dolphin Geophysical in order to provide further detail on the shallower petroleum system in the region. Onc
Read moreChariot Oil & Gas remains fully funded
20th Dec 2013 17:10
In its pre-close operational update exploration outfit Chariot Oil & Gas highlighted progress made on its Mauritanian licence and on its central block licenses in Namibia. A resource update is expected for the latter in the second quarter of 2014. That will come alongside the opening of a dataroom
Read moreFive board members stock up at Chariot Oil & Gas
25th Sep 2013 16:14
Chariot Oil & Gas announced on Wednesday that five of its directors had collectively purchased just over one million shares of the group, just a few days after it posted results for the first half of the year. Non-Executive Chairman George Candar purchased 159,000 shares for a total of £29,892, wh
Read moreCairn Energy farms in to Chariot block offshore Mauritania
8th Aug 2013 07:18
Oil and gas exploration and development firm Cairn Energy is expanding its operations in West Africa by farming in to Chariot Oil & Gas' C19 block offshore Mauritania, an attractive new country entry according to the company. The block, currently 90%-owned by Chariot and 10%-owned by Mauritanian st
Read moreSector movers: Shell dampens oil sector as earnings slump
1st Aug 2013 14:53
A cool reaction to second-quarter results from Royal Dutch Shell meant that the oil and gas sector was the worst performing category of the day on Thursday as the oil major's earnings sank sharply year-on-year. Shell's earnings, on a current cost of supplies (CCS) basis, dropped to $2.4bn from $6.0
Read moreChariot Oil & Gas Chairman steps down
28th Jun 2013 09:37
Chariot Oil & Gas said its Chairman Philip Loader is stepping down from the board to join Woodside Petroleum as its Executive Vice President on July 1st. George Canjar, Chariot's Senior Independent Director, will replace Loader as Chairman. "The past three years with Chariot have been an interesti
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreChariot Oil & Gas secures bids for exploration licenses in offshore Brazil
15th May 2013 09:29
AIM-listed Chariot Oil & Gas has reported that the company has, subject to final contract, been successful in its bids for a 100 per cent interest and operatorship in four shallow-water exploration licences in the Barreirinhas basin of offshore Brazil. The acreage position of the combined licences
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