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    Chariot reports "significant" Moroccan find


The find was made at the same licence as the 2009 Anchois discovery.

by: Joseph Murphy

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Natural Gas & LNG News, Africa, Corporate, Share prices, Exploration & Production, News By Country, Morocco

Chariot reports "significant" Moroccan find

London-listed Chariot reported on January 10 a "significant" gas discovery at the Lixus licence off the coast of Morocco.

The find was made at the same licence as the 2009 Anchois discovery, estimated to hold more than 1 trillion ft3 of contingent and prospective gas resources. Chariot has a 75% interest in the Lixus licence while state-owned ONHYM has 25%.

The Anchois-2 well was drilled to a depth of 2,512 m by the Stena Don rig, which commenced its work in mid-December.

"Preliminary interpretations of the data confirm the presence of significant gas accumulations in the appraisal and exploration objectives of the Anchois-2 well with a calculated net gas pay totalling more than 100 m, compared to 55 m in the original Anchois-1 discovery well," Chariot said in a statement.

Acting CEO Adonis Pouroulis said that while analysis of data continued, the result was "tremendous," and "transformational" for the company. 

Chariot in October signed a memorandum of understanding with "a leading international energy group" on gas offtake and a development partnership for Anchois.