Chariot Oil & Gas’s Morocco farm out gets green light - Chariot - TopicsExpress

Chariot Oil & Gas’s Morocco farm out gets green light - Chariot Oil & Gas’s (LON:CHAR) farm-out of a stake in the Rabat Deep project, offshore Morocco, has been approved by the authorities. Australian oil and gas firm Woodside will now be able to earn 25% of the project by paying for a 3D seismic programme. Funds have already been received by Chariot, which now expects to end the year with US$52mln of cash. Chariot is the operator of Rabat Deep with 50% of the venture, ... ow.ly/2SvkiA

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