Chariot Limited, the Africa focused transitional energy group, today announced the spud of the OBA-1 well on the Dartois prospect in the Loukos Onshore licence ("Loukos") onshore Morocco (Chariot, Operator 75%, ONHYM, 25%)

• Dartois target has Best Estimate recoverable prospective resources of 12 Bcf
• Independent prospect targeting a different trapping style to the Gaufrette prospect drilled by the RZK-1 well
• Success could potentially unlock a trend of prospects with combined Best Estimate recoverable prospective resources of 20 Bcf
• Results will be announced on completion of drilling

Duncan Wallace, Technical Director of Chariot commented:
"We are pleased to be underway with our second well in this drilling campaign, having spud the OBA-1 well within short order of completing operations at Gaufrette. We are now testing an independent prospect at Dartois, which is in a different reservoir fairway and along trend from an existing gas discovery, and we look forward to providing an update on the results in due course."

KeyFacts Energy: Chariot Oil & Gas Morocco country profile