24th Jul 2018 12:40
LONDON (Alliance News) - Chariot Oil & Gas Ltd said Tuesday it will focus on delivering cost effective drilling operations in Namibia during the second half of the year.
Additionally, the company said it will continue to "screen the market" for potential value-accretive opportunities.
In the first half of the year, the company participated in a drilling campaign of the Rabat Deep 1 well in Morocco that proved unsuccessful.
In Namibia, it secured the ocean rig Poseidon to drill Prospect S in the fourth quarter of 2018.
Chariot shares were trading down 0.6% at 8.28 pence each.
Related Shares:
Chariot