REG - Chariot Oil & Gas Ld - Update re. Processed Seismic Data
Released: 06/07/2010
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RNS Number : 8488O
Chariot Oil & Gas Ld
06 July 2010
For immediate release
6 July 2010
Chariot Oil & Gas Limited
('Chariot', the 'Company' or the 'Group')
Update re. Processed Seismic Data
Chariot Oil & Gas Limited (AIM: CHAR), the Africa focused oil and gas exploration company, today announces that it has
received the processed 3D seismic information in both time and depth for the Northern and Southern blocks following the
extensive acquisition programmes that were completed across these licences offshore Namibia.
As previously noted, the 3D seismic programmes were part of the largest exploration programme undertaken offshore Namibia
to date, totalling 4,500kmē and the breakdown across each block is summarised below:
· 1811 A & B (Northern Blocks) - 1,500kmē
· 2714 A & B (Southern Blocks) - 3,000kmē
Having received this information, which is now available for review in Chariot's dataroom in London, the Company will
commence mapping and interpretation of the data across each block of interest in order to further define targets for
drilling.
Paul Welch, CEO commented, "This is a significant step forward for us in our exploration efforts. The quality of the data
set is excellent, and has exceeded our expectations. This data will allow us to more accurately determine the volumes in
all our prospects while significantly enhancing the potential for a successful drilling campaign - the next step in our
exploration programme. We look forward to showing this to prospective partners when they visit us over the coming weeks."
For further information please contact:
Chariot Oil & Gas Limited +44 (0)20 7318 0450
Paul Welch, CEO
Ambrian Partners Limited (Broker and NOMAD)Richard Swindells +44 (0)20 7634 4856
Buchanan Communications +44 (0)20 7466 5000
Bobby Morse, Ben Romney, Chris McMahon
NOTES TO EDITORS
About Chariot
Chariot Oil & Gas Limited (www.chariotoilandgas.com) is an independent oil and gas exploration group. The Group currently
holds licences covering eight blocks in Namibia, all of which are offshore. All of these blocks are currently in the
exploration phase.
Shares in Chariot Oil & Gas limited are admitted to trading on the AIM Market of the London Stock Exchange under the symbol
'CHAR'.
This information is provided by RNS
The company news service from the London Stock Exchange