Chariot Oil & Gas farms out to Cairn Energy in Mauritania - - TopicsExpress

Chariot Oil & Gas farms out to Cairn Energy in Mauritania - Chariot Oil & Gas (LON:CHAR) has struck a deal with Cairn Energy (LON:CNE) to work together on an exploration project offshore Mauritania. Cairn will receive a 35% stake in the project. It is paying Chariot US$26mln for seismic exploration work as well as some other back costs. The deal also allows for Cairn to further increase its stake in the project, and if it does so before June 2015, Chariot says it will... ow.ly/2yYYM8

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