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Chariot Oil and Gas to raise more than £15mln to add second well to campaign

Larry Bottomley, chief executive of Chariot Oil & Gas Limited (LON: CHAR), discusses with Proactive's Andrew Scott their intention to raise more than £15mln through a placing and open offer to allow them to add a second well to their 2018 exploration campaign.

Bottomley says they're keen to test Prospect S, offshore Namibia.

This will be in addition to the 10% owned Rabat Deep exploration well, offshore Morocco, which will be drilled later this year by Eni.

 

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