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Chariot Oil & Gas expands Morocco footprint with new Lixus licence

Chariot Oil & Gas Limited (LON:CHAR) shares rose on Wednesday as the energy explorer enlarged its footprint off ther Moroccan coast, with the award of the new Lixus licence. Chariot CEO Larry Bottomley tells Proactive London  about the next steps in developing the asset as well as how it fits into the rest of the company portfolio.
The AIM-listed group owns 75% of Lixus alongside state-backed partner ONHYM (Office National des Hydrocarbures et des Mines) which holds the other 25%. News here too on what shareholders can expect over the coming few months.

 

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