Here some news from CHAR results this morning .....three third party wells upcoming
Also AziNam have pulled out of the central blocks, now that is significant....AziNam re-focusing since the new concept ;-)
In Namibia, three third-party wells, including one in the block adjacent to Chariot's Central Blocks, due to be drilled. With no remaining commitments, marketing of the remaining exploration prospects ranging from 284 - 469mmbbls of gross mean prospective resources will be contingent on results of this third-party activity in the basin.
-- Post year-end Azinam gave notice of its intention to withdraw from the Central Blocks. Chariot remains committed to continuing to hold and progress the licence.
We will undertake to only proceed with exploration if nearby adjacent drilling de-risks the basin sufficiently to generate partnering. As such, we are monitoring closely the forthcoming activity in Namibia and Brazil where third party commitment wells have the potential to reignite interest in our acreage.
