Share Price GBp 174.00 +1.50 (0.87) as at 16:35 22-Feb-12
Shares in issue : 182,173,754

Our Operations

Chariot is well positioned with our blocks situated in three geologically distinct settings:

  • The “Northern blocks” in the Namibe Basin, located north of the Walvis Ridge
  • The “Central blocks” straddling the Luderitz/Walvis Basins
  • The “Southern blocks” in the Orange Basin

The Namibe Basin forms part of the prolific West African “salt basin”, bounded to the south by the Walvis ridge. Prior to the Atlantic Ocean opening, the Namibe Basin lay adjacent to the Santos Basin of Brazil, in which recent super-giant oil discoveries have been made. The Luderitz and Walvis Basins are virtually unexplored with only four wells drilled to date, in an area similar in size to the prolific UK North Sea Central Graben, where hundreds of exploration wells have been drilled. The Orange Basin contains the very large delta of the Orange River system and also hosts the giant Kudu gas field.

Please select a block for further information

Northern Area (Blocks 1811 A&B)

  • Volume potential 2.8 billion barrels
  • Located in the Namibe Basin
  • WD 0–2,750 m over block
  • 1,500 km² 3D seismic (2008/09)
  • Processing completed in July 2010
  • Four Prospects identified to date – WD at location 700–2,300m
  • 2 leads identified

Central Area (2312 A&B, 2412 A&B North)

  • Volume potential 8.3 billion barrels
  • Located in Walvis Basin
  • WD 500–3,000 m
  • 3,000 km of 2D seismic (2008)
  • 3,500 km2 of 3D seismic (2011) - processing and interpretation due to be complete 2H 2012
  • Petroleum Geo Services (PGS) farmed into Central blocks 2312 A&B and Northern halves of blocks 2412 A&B for a 10 per cent interest 2010
  • 14 leads identified

Southern Area (2714 A&B)

  • Volume potential 9.0 billion barrels
  • Located in the Orange Basin
  • WD 100–1,500 m
  • 3,000 km² 3D acquired in 2008/09
  • Petrobras farmed into Block 2714A for a 50 per cent interest
  • BP farmed into Block 2714A for a 25 per cent interest
  • Eleven prospects identified to date – WD at location 400-850m
  • Mega Structure (Nimrod) identified, attributing 4.9 bbbls to potential gross mean prospective resources

 

LATEST NEWS

8 February 2012
Completion of Seismic Acquisition in Central Blocks
2 February 2012
Completion of BP Farm-Out Agreement
30 November 2011
Operational Update

LATEST PRESENTATION

February 2012 PDF (3 MB)
View or Download

LATEST REPORT

Annual Report & Accounts 2011 (3 MB) PDF
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