The Ocean Rig Poseidon is due to arrive at the location in the next 24 hours, with spudding of the well expected shortly after
Drilling is set to get underway shortly at Chariot Oil & Gas PLC’s () Prospect S well offshore Namibia.
A deep-water drillship is due to arrive at the location within the next 24 hours, with spudding of the well expected shortly afterwards. Operations are due to last 40 days.
Chariot holds a 65% interest in the well, which is estimated to be host to up to 459mln barrels of oil with a probability of geological success of 29%.
Chariot shares edged 0.2% higher to 8p on Friday morning.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Chariot Oil and Gas plc named herein, including the promotion by the Company of Chariot Oil and Gas plc in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE