Chariot Ltd (CHAR)

Overview

Chariot Limited, originally known as Chariot Oil & Gas Limited, is a company primarily engaged in the exploration and appraisal activities within the oil and gas sector. With a focus on creating value through the discovery and development of resources, Chariot Limited operates across distinct segments - Transactional Gas and Transactional Power. This diversification allows the company to leverage opportunities in both traditional energy markets and emerging power projects, particularly in the African continent. The history of the company dates back to its incorporation in 2007, and it underwent a significant rebranding in June 2021 to its current identity. Headquartered in Saint Peter Port, Guernsey, the company has established a notable presence in its industry.

Products and Services

The breadth of Chariot Limited's operations spans multiple facets of the energy sector, particularly focusing on:

• Oil and Gas Exploration and Appraisal: Emphasizing its roots in the energy sector, Chariot Limited undertakes extensive exploration and appraisal activities. The company's primary focus is on identifying viable oil and gas reservoirs, primarily offshore. A notable project in this category is the Rissana offshore license, which encompasses an extensive area of approximately 8,489 square kilometers, showcasing the company's commitment to significant exploration ventures.
• Transactional Gas: Under the Transactional Gas segment, Chariot Limited pursues opportunities related to the trading, transportation, and eventual sale of natural gas. This segment signifies the company’s strategic move towards integrating its operations within the value chain of natural gas, capitalizing on the demand for cleaner fossil fuels.
• Transactional Power: Demonstrating an innovative leap beyond traditional energy sources, this segment focuses on mining power projects within Africa. Chariot Limited is tapping into the continent’s abundant solar and wind resources, aligning with global shifts towards renewable energy sources. The involvement in such projects reflects the company's vision for a sustainable energy future and its efforts to diversify revenue streams beyond oil and gas.