Chariot Limited (OIGLF)
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Chariot announces financial close for wind projects in South Africa
Chariot Ltd (AIM:CHAR, OTC:OIGLF) has completed a significant financing package for its investment in the Zen and Bergriver wind generation projects in South Africa. The two projects, with a combined export capacity of 190MW, have reached financial close and are expected to begin construction imminently, with commissioning scheduled for mid-2027.
Chariot signs outline deal with ACWA Power to develop southern African clean energy platform
Chariot Ltd (AIM:CHAR, OTC:OIGLF) has signed a Memorandum of Understanding with ACWA Power, one of the world's largest renewable energy developers, to explore establishing a southern African sustainable energy business. The partnership will focus on developing, owning, and operating renewable, battery storage, and gas-to-power assets, with electricity to be sold to national grids, corporates, and energy traders.
Chariot is progressing a clear strategy to unlock value - broker
Chariot Ltd (AIM:CHAR, OTC:OIGLF) has been endorsed by house broker Cavendish, following the firm's first half report, with analyst James McCormack highlighting that the AIM-quoted firm is progressing with a clear strategy to demerge its upstream and renewable divisions to unlock unrecognised value. The analyst highlighted that the move is designed to create two separate investment cases.
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Chariot Limited Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Adonis Pouroulis B.Sc., Eng. CEO | OTC PINK Exchange | GG00B2R9PM06 ISIN |
| GG Country | - Employees | - Last Dividend | 7 Mar 2018 Last Split | - IPO Date |
Overview
Chariot Limited, originally known as Chariot Oil & Gas Limited until a name change in June 2021, is a prominent entity in the oil and gas sector with a focus on exploration and appraisal activities. Established in 2007, the company has expanded its footprint to include significant energy projects across Africa. With its headquarters situated in Saint Peter Port, Guernsey, Chariot Limited operates primarily through its Transactional Gas and Transactional Power segments. The company is known for its strategic interest in the Rissana offshore license, which encompasses an area of about 8,489 square kilometers, highlighting its substantial commitment to uncovering and developing energy resources.
Products and Services
- Oil and Gas Exploration and Appraisal:
- Transactional Gas:
- Transactional Power:
Chariot Limited is engaged in the systematic search for and evaluation of underground or underwater oil and gas fields. This includes geophysical and geochemical analysis, exploratory drilling, and well logging to ascertain the size and potential of the fields within the Rissana offshore license area.
This segment of Chariot Limited involves the exploration, development, and likely sale or distribution of natural gas. The company’s involvement in transactional gas indicates its role in the broader energy market, focusing on the transition towards cleaner fuels.
Under the Transactional Power segment, Chariot Limited embarks on mining power projects primarily in Africa. This could encompass a range of activities from the exploration of viable sites for power generation to the development and management of these projects, aiming to harness Africa's abundant natural resources to produce sustainable energy.
Contact Information
