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Chariot Oil signs heads of terms agreements with two partners


Published Jun 24, 2011
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namibia NASA Chariot

Chariot Oil & Gas Limited has signed Heads of Terms with two companies for two of its licence areas offshore Namibia.

Further details of these agreements will be announced in due course. Discussions continue on the third licence area.

Paul Welch, CEO commented, "Whilst the negotiations have taken longer than expected, we are very pleased to announce that we have signed Heads of Terms agreements with two partners for two of our licence areas. Details remain confidential but we will update the market with further information as soon as we can."

Tags: Chariot Oil & Gas Limited



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