Chariot Oil & Gas announces Prospect S well result, offshore Namibia

10/11/2018

LONDON -- Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, has announced the result of the well on the Central Blocks license, offshore Namibia (Chariot 65% (Operator), Azinam 20%, NAMCOR 10% and Ignitus 5%).

The well has been safely drilled to a total MD of 4,165 m to test the stacked targets in Prospect S. The well penetrated the anticipated turbidite reservoir sands, in line with the pre-drill prognosis, however the reservoirs were water-bearing. The data collected will be used to calibrate the existing data sets to understand the implications of the well results on the prospectivity of the surrounding area.

The well, which was operated by Chariot and drilled by the Ocean Rig Poseidon drillship, will be plugged and abandoned.

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